The Europe cocoa products market presents a dynamic landscape driven by the region's robust demand for cocoa-derived goods. With a historical link to cocoa's origin in Latin America, Europe showcases a diverse market spanning West and Central Africa to Asia and Oceania. The market is characterized by a significant consumption of cocoa liquor, cocoa butter, and cocoa powder, forming essential ingredients for various confectionery and food products. The European cocoa products market is influenced by evolving consumer preferences, sustainability concerns, and innovations in processing techniques.
Access Full Report @ https://www.databridgemarketresearch.com/reports/europe-cocoa-products-market
Data Bridge Market Research analyses that the Europe Cocoa Products Market was valued at USD 11,369.44 million in 2021 and is expected to reach the value of USD 18,258.38 million by 2029, at a CAGR of 6.1% during the forecast period of 2022 to 2029. The thriving food service industry, including cafes, restaurants, and bakeries, generates robust demand for cocoa products, utilizing them in diverse culinary creations. This elevated usage amplifies market growth and fosters innovation and adaptation to varying taste preferences, expanding the Europe cocoa products market.
Key Findings of the Study
Marketing and promotion is expected to drive the market's growth rate
Marketing and promotion play a pivotal role in the Europe cocoa products market by strategically enhancing consumer engagement. Well-executed campaigns, particularly timed around festive seasons and special events, ignite heightened interest and consumption of cocoa products. These efforts capitalize on the emotional connections associated with celebrations, prompting increased demand for chocolate and confectionery. This dynamic interplay between marketing strategies and consumer sentiments bolsters market growth, fostering a vibrant and responsive marketplace for cocoa-based delights.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type of Cocoa (Forastero Cocoa, Trinitario Cocoa, Criollo Cocoa), Product Type (Cocoa Beans, Cocoa Butter, Cocoa Powder and Cake, Cocoa Liquor and Paste, Cocoa Nibs, Others), Source (Inorganic, Organic), Application (Food and Beverages, Personal Care and Cosmetics, Dietary Supplements, Others), Distribution Channel (Direct, Indirect)
|
|
Countries Covered
|
Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe
|
|
Market Players Covered
|
Cemoi Chocolatier (France), Republica del Cacao (Ecuador), Nestlé S.A. (Switzerland), Mars Incorporated (U.S.), Fuji Oil Holdings Inc. (Japan), Guittard Chocolate Co. (U.S.), Ghirardelli Chocolate Co. (U.S.), Varihona Inc. (France), Barry Callebaut AG (Switzerland), Alpezzi Chocolate SA De CV (Mexico), Kerry Group Plc (Ireland), Olam International Ltd. (Singapore), Tcho Ventures Inc. (U.S.), The Hershey Company (U.S.), Cargill, Incorporated (U.S.), Blommer Chocolate Company (U.S.), Foley's Candies LP (Canada), Puratos Group Nv (Belgium), Ferrero International S.A. (Italy)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
|
Segment Analysis:
The cocoa products market is segmented on the basis of the type of cocoa, product type, source, application, and distribution channel.
- On the basis of type of cocoa, the cocoa products market is segmented into forastero cocoa, trinitario cocoa, criollo cocoa.
- On the basis of product type, the cocoa products market is segmented into cocoa beans, cocoa butter, cocoa powder and cake, cocoa liquor and paste, cocoa nibs, and others.
- On the basis of source, the cocoa products market is segmented into inorganic, and organic.
- On the basis of application, the cocoa products market is segmented into food and beverages, personal care and cosmetics, dietary supplements, and others.
- On the basis of distribution channel, the cocoa products market is segmented into direct, and indirect.
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe cocoa products market players in Europe cocoa products market are Cemoi Chocolatier (France), Republica del Cacao (Ecuador), Nestlé S.A. (Switzerland), Mars Incorporated (U.S.), Fuji Oil Holdings Inc. (Japan), Guittard Chocolate Co. (U.S.), Ghirardelli Chocolate Co. (U.S.), Varihona Inc. (France).
Market Developments
- In March 2022, Barry Callebaut unveiled the expansion of its Melbourne factory in Campbellfield, Australia. This strategic move bolsters the company's presence in the Asia Pacific region, enabling the production of safe, high-quality cocoa products. The upgraded facility caters to a diverse range of food manufacturers, from global brands to local artisans.
- In January 2022, Blommer Chocolate Company, a Fuji Oil Co., Ltd. subsidiary, inaugurated a R&D applications lab in downtown Chicago. This expansion amplifies their research and development capabilities, providing innovative ways to support their business endeavors. The state-of-the-art space fosters advancements in chocolate-related applications and solutions.
- In June 2021, Barry Callebaut AG disclosed its plan to purchase Europe Chocolate Company (ECC), a Belgian B2B chocolate specialty and decorations manufacturer. ECC's diverse industrial range includes batons, curls, chunks, and more, showcasing various flavors and colors, enriching Barry Callebaut's offerings.
- In February 2019, Olam revealed its acquisition of BT Cocoa, Indonesia's largest cocoa processor. This strategic move aligns with Asia's global surge toward becoming a key global cocoa powder consumer. Olam aims to capitalize on this growth trajectory, solidifying its position within the flourishing cocoa market.
Regional Analysis
Geographically, the countries covered in the Europe cocoa products market report are Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.
As per Data Bridge Market Research analysis:
Germany is dominant in the Europe cocoa products market during the forecast period 2022 - 2029
In Europe, Germany holds the dominant market share due to its extensive utilization of cocoa products in industrial applications. The country's robust industrial sector, encompassing confectionery, bakery, and beverage production, drives significant demand for cocoa derivatives such as cocoa liquor, cocoa butter, and cocoa powder. This heightened industrial usage positions Germany at the forefront of the European cocoa market, solidifying its leading market share due to its widespread incorporation of cocoa products in various manufacturing processes.
For more detailed information about the Europe cocoa products market report, click here – https://www.databridgemarketresearch.com/reports/europe-cocoa-products-market
