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The Europe cocoa market reached USD 9.89 billion in 2023. The market is expected to grow at a CAGR of 4.20% between 2024 and 2032, reaching USD 14.45 billion by 2032.
Application in foods and beverages leads the Europe cocoa market growth since it is primarily used in the production of chocolate.
In the food and beverages sector, cocoa is primarily used in the production of chocolate, including bars, confectionery and bakery items like cakes, brownies, and muffins among others. Significant consumption of cocoa powder is driven by increasing demand for premium chocolates.
Cocoa besides being used in the foods and beverages industry is also gaining popularity among the Pharmaceutical and healthcare industry. For instance, in February 2024, scientists at the Arctic University of Norway discovered a new form of oral insulin which can be taken as a pill or sugar-free chocolate and could replace injections for curing diabetics. About 61 million people are suffering from diabetes in Europe, out of which 10% have type 1 diabetes, this specialised polymer will help with more precise delivery of insulin.
Cocoa butter also referred to as theobroma oil is an edible fat which is extracted from cocoa beans. Cocoa butter is a key ingredient in the production of chocolate and other confectionery products for its pleasant aroma, smooth texture and melting properties making it an ideal candidate.
Europe Cocoa Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Country
Growth in the Cocoa market is led by confectionaries owing to the significant share that they hold in Europe, Consequently, chocolate production is a primary application within confectioneries. Countries like Switzerland, Belgium, and Germany have a strong confectionery industry and produce a wide variety of chocolates.
Market players in the cocoa industry are expanding their scope using cocoa in the pharmaceutical and healthcare industries, this goes beyond the conventional scope of cocoa in the foods and beverage industry. Companies are also establishing their presence in personal care where cocoa lotions have become popular, which enhances their visibility to consumers, thereby contributing to market growth.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Cocoa Market Overview
8.1 Key Industry Highlights
8.2 Global Cocoa Historical Market (2018-2023)
8.3 Global Cocoa Market Forecast (2024-2032)
8.4 Global Cocoa Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Europe Cocoa Market Overview
9.1 Key Industry Highlights
9.2 Europe Cocoa Historical Market (2018-2023)
9.3 Europe Cocoa Market Forecast (2024-2032)
10 Europe Cocoa Market by Type
10.1 Cocoa Butter
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Cocoa Powder
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Cocoa Liquor
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Europe Cocoa Market by Application
11.1 Food and Beverages
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup By Type
11.1.3.1 Confectionery
11.1.3.2 Dairy
11.1.3.3 Bakery
11.1.3.4 Others
11.2 Cosmetics and Pharmaceuticals
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 Europe Cocoa Market by Country
12.1 Germany
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 United Kingdom
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 France
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Italy
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Value Chain Analysis
15 Trade Data Analysis (HS Code – 1803, 1804, 1805)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cargill Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Barry Callebaut AG
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Nestle S.A.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Mondelez International, Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 BASF SE
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Buhler AG
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Ferrero International S.A.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Mars Inc.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Forever Cacao
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 GCB Cocoa UK Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cocoa Market: Key Industry Highlights, 2018 and 2032
2. Europe Cocoa Market: Key Industry Highlights, 2018 and 2032
3. Europe Cocoa Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Europe Cocoa Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Europe Cocoa Historical Market: Breakup by Application (USD Billion), 2018-2023
6. Europe Cocoa Market Forecast: Breakup by Application (USD Billion), 2024-2032
7. Europe Cocoa Historical Market: Breakup by Country (USD Billion), 2018-2023
8. Europe Cocoa Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. Major Exporting Countries by Value
10. Major Importing Countries by Value
11. Major Exporting Countries by Volume
12. Major Importing Countries by Volume
13. Europe Cocoa Market Structure
The market was valued at USD 9.89 billion in 2023.
The market is projected to grow at a CAGR of 4.20% between 2024 and 2032.
The revenue generated from the Cocoa market is expected to reach USD 14.45 billion in 2032.
Based on type, the cocoa market is divided between cocoa butter, cocoa powder and cocoa liquor.
The cocoa market key players are Cargill Inc., Barry Callebaut AG, Nestle S.A., Mondelez International, Inc., BASF SE, Buhler AG, Ferrero International S.A., Mars Inc., Forever Cacao and GCB Cocoa UK Ltd., among others.
Based on application, the market is divided between food and beverages, cosmetics and pharmaceuticals and others.
Based on country, the market is divided between Germany, the United Kingdom, France, Italy, and others.
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