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Chocolate Market in Europe 2024-2028

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    Report

  • 143 Pages
  • August 2024
  • Region: Europe
  • TechNavio
  • ID: 5031132
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The chocolate market in Europe is forecasted to grow by USD 17.69 billion during 2022-2027, accelerating at a CAGR of 4.95% during the forecast period. The report on the chocolate market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for and popularity of dark chocolate and organic chocolate, the growing influence of organized retailing, and increasing number of new product launches and rising demand for seasonal chocolates.

The chocolate market in Europe is segmented as below:

By Product

  • Milk chocolate
  • Dark chocolate
  • White chocolate

By Distribution Channel

  • Offline
  • Online
This study identifies the growing popularity of online retailing as one of the prime reasons driving the chocolate market in Europe growth during the next few years. Also, the rising trend of product premiumization in the chocolate market and increasing demand for gluten-free chocolates and growing trend of clean labeling will lead to sizable demand in the market.

The report on the chocolate market in Europe covers the following areas:

  • Chocolate market sizing in Europe
  • Chocolate market forecast in Europe
  • Chocolate market industry analysis in Europe
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chocolate market in Europe vendors that include Arcor Group, Barry Callebaut AG, Cargill Inc., Chocoladefabriken Lindt and Sprungli AG, Cloetta AB, Ezaki Glico Co. Ltd., Ferrero International S.A., General Mills Inc., Kerry Group Plc, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Montezumas Direct Ltd., Morinaga and Co. Ltd., Nestle SA, ORION Holdings Corp., Perfetti Van Melle Group BV, Tate and Lyle Plc, The Hershey Co., and The Kraft Heinz Co. Also, the chocolate market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Product
  • Executive Summary - Chart on Market Segmentation by Distribution Channel
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on Europe - Market size and forecast 2023-2028 ($ million)
  • Data Table on Regional - Market size and forecast 2023-2028 ($ million)
  • Chart on Europe: Year-over-year growth 2023-2028 (%)
  • Data Table on Regional - Market size and forecast 2023-2028 ($ million)
4 Historic Market Size
4.1 Chocolate Market in Europe 2018 - 2022
  • Historic Market Size - Data Table on Chocolate Market in Europe 2018 - 2022 ($ million)
4.2 Product segment analysis 2018 - 2022
  • Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.3 Distribution Channel segment analysis 2018 - 2022
  • Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
6.1 Market segments
  • Chart on Product - Market share 2023-2028 (%)
  • Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
  • Chart on Comparison by Product
  • Data Table on Comparison by Product
6.3 Milk chocolate - Market size and forecast 2023-2028
  • Chart on Milk chocolate - Market size and forecast 2023-2028 ($ million)
  • Data Table on Milk chocolate - Market size and forecast 2023-2028 ($ million)
  • Chart on Milk chocolate - Year-over-year growth 2023-2028 (%)
  • Data Table on Milk chocolate - Year-over-year growth 2023-2028 (%)
6.4 Dark chocolate - Market size and forecast 2023-2028
  • Chart on Dark chocolate - Market size and forecast 2023-2028 ($ million)
  • Data Table on Dark chocolate - Market size and forecast 2023-2028 ($ million)
  • Chart on Dark chocolate - Year-over-year growth 2023-2028 (%)
  • Data Table on Dark chocolate - Year-over-year growth 2023-2028 (%)
6.5 White chocolate - Market size and forecast 2023-2028
  • Chart on White chocolate - Market size and forecast 2023-2028 ($ million)
  • Data Table on White chocolate - Market size and forecast 2023-2028 ($ million)
  • Chart on White chocolate - Year-over-year growth 2023-2028 (%)
  • Data Table on White chocolate - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by Product
  • Market opportunity by Product ($ million)
  • Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by Distribution Channel
7.1 Market segments
  • Chart on Distribution Channel - Market share 2023-2028 (%)
  • Data Table on Distribution Channel - Market share 2023-2028 (%)
7.2 Comparison by Distribution Channel
  • Chart on Comparison by Distribution Channel
  • Data Table on Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
  • Chart on Offline - Market size and forecast 2023-2028 ($ million)
  • Data Table on Offline - Market size and forecast 2023-2028 ($ million)
  • Chart on Offline - Year-over-year growth 2023-2028 (%)
  • Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.4 Online - Market size and forecast 2023-2028
  • Chart on Online - Market size and forecast 2023-2028 ($ million)
  • Data Table on Online - Market size and forecast 2023-2028 ($ million)
  • Chart on Online - Year-over-year growth 2023-2028 (%)
  • Data Table on Online - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Distribution Channel
  • Market opportunity by Distribution Channel ($ million)
  • Data Table on Market opportunity by Distribution Channel ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Barry Callebaut AG
  • Barry Callebaut AG - Overview
  • Barry Callebaut AG - Business segments
  • Barry Callebaut AG - Key news
  • Barry Callebaut AG - Key offerings
  • Barry Callebaut AG - Segment focus
11.4 Cargill Inc.
  • Cargill Inc. - Overview
  • Cargill Inc. - Product / Service
  • Cargill Inc. - Key news
  • Cargill Inc. - Key offerings
11.5 Chocoladefabriken Lindt and Sprungli AG
  • Chocoladefabriken Lindt and Sprungli AG - Overview
  • Chocoladefabriken Lindt and Sprungli AG - Business segments
  • Chocoladefabriken Lindt and Sprungli AG - Key news
  • Chocoladefabriken Lindt and Sprungli AG - Key offerings
  • Chocoladefabriken Lindt and Sprungli AG - Segment focus
11.6 Cloetta AB
  • Cloetta AB - Overview
  • Cloetta AB - Business segments
  • Cloetta AB - Key offerings
  • Cloetta AB - Segment focus
11.7 Ezaki Glico Co. Ltd.
  • Ezaki Glico Co. Ltd. - Overview
  • Ezaki Glico Co. Ltd. - Business segments
  • Ezaki Glico Co. Ltd. - Key offerings
  • Ezaki Glico Co. Ltd. - Segment focus
11.8 Ferrero International S.A.
  • Ferrero International S.A. - Overview
  • Ferrero International S.A. - Product / Service
  • Ferrero International S.A. - Key news
  • Ferrero International S.A. - Key offerings
11.9 General Mills Inc.
  • General Mills Inc. - Overview
  • General Mills Inc. - Business segments
  • General Mills Inc. - Key news
  • General Mills Inc. - Key offerings
  • General Mills Inc. - Segment focus
11.10 Mars Inc.
  • Mars Inc. - Overview
  • Mars Inc. - Product / Service
  • Mars Inc. - Key news
  • Mars Inc. - Key offerings
11.11 Meiji Holdings Co. Ltd.
  • Meiji Holdings Co. Ltd. - Overview
  • Meiji Holdings Co. Ltd. - Business segments
  • Meiji Holdings Co. Ltd. - Key news
  • Meiji Holdings Co. Ltd. - Key offerings
  • Meiji Holdings Co. Ltd. - Segment focus
11.12 Mondelez International Inc.
  • Mondelez International Inc. - Overview
  • Mondelez International Inc. - Business segments
  • Mondelez International Inc. - Key news
  • Mondelez International Inc. - Key offerings
  • Mondelez International Inc. - Segment focus
11.13 Morinaga and Co. Ltd.
  • Morinaga and Co. Ltd. - Overview
  • Morinaga and Co. Ltd. - Product / Service
  • Morinaga and Co. Ltd. - Key offerings
11.14 Nestle SA
  • Nestle SA - Overview
  • Nestle SA - Business segments
  • Nestle SA - Key news
  • Nestle SA - Key offerings
  • Nestle SA - Segment focus
11.15 ORION Holdings Corp.
  • ORION Holdings Corp. - Overview
  • ORION Holdings Corp. - Product / Service
  • ORION Holdings Corp. - Key offerings
11.16 The Hershey Co.
  • The Hershey Co. - Overview
  • The Hershey Co. - Business segments
  • The Hershey Co. - Key news
  • The Hershey Co. - Key offerings
  • The Hershey Co. - Segment focus
11.17 The Kraft Heinz Co.
  • The Kraft Heinz Co. - Overview
  • The Kraft Heinz Co. - Business segments
  • The Kraft Heinz Co. - Key news
  • The Kraft Heinz Co. - Key offerings
  • The Kraft Heinz Co. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
  • 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Product
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on Europe: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
Exhibits 17: Historic Market Size - Data Table on Chocolate Market in Europe 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Product Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Product - Market share 2023-2028 (%)
Exhibits 28: Data Table on Product - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Product
Exhibits 30: Data Table on Comparison by Product
Exhibits 31: Chart on Milk chocolate - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Milk chocolate - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Milk chocolate - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Milk chocolate - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Dark chocolate - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Dark chocolate - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Dark chocolate - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Dark chocolate - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on White chocolate - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on White chocolate - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on White chocolate - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on White chocolate - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by Product ($ million)
Exhibits 44: Data Table on Market opportunity by Product ($ million)
Exhibits 45: Chart on Distribution Channel - Market share 2023-2028 (%)
Exhibits 46: Data Table on Distribution Channel - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by Distribution Channel
Exhibits 48: Data Table on Comparison by Distribution Channel
Exhibits 49: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Distribution Channel ($ million)
Exhibits 58: Data Table on Market opportunity by Distribution Channel ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: Barry Callebaut AG - Overview
Exhibits 67: Barry Callebaut AG - Business segments
Exhibits 68: Barry Callebaut AG - Key news
Exhibits 69: Barry Callebaut AG - Key offerings
Exhibits 70: Barry Callebaut AG - Segment focus
Exhibits 71: Cargill Inc. - Overview
Exhibits 72: Cargill Inc. - Product / Service
Exhibits 73: Cargill Inc. - Key news
Exhibits 74: Cargill Inc. - Key offerings
Exhibits 75: Chocoladefabriken Lindt and Sprungli AG - Overview
Exhibits 76: Chocoladefabriken Lindt and Sprungli AG - Business segments
Exhibits 77: Chocoladefabriken Lindt and Sprungli AG - Key news
Exhibits 78: Chocoladefabriken Lindt and Sprungli AG - Key offerings
Exhibits 79: Chocoladefabriken Lindt and Sprungli AG - Segment focus
Exhibits 80: Cloetta AB - Overview
Exhibits 81: Cloetta AB - Business segments
Exhibits 82: Cloetta AB - Key offerings
Exhibits 83: Cloetta AB - Segment focus
Exhibits 84: Ezaki Glico Co. Ltd. - Overview
Exhibits 85: Ezaki Glico Co. Ltd. - Business segments
Exhibits 86: Ezaki Glico Co. Ltd. - Key offerings
Exhibits 87: Ezaki Glico Co. Ltd. - Segment focus
Exhibits 88: Ferrero International S.A. - Overview
Exhibits 89: Ferrero International S.A. - Product / Service
Exhibits 90: Ferrero International S.A. - Key news
Exhibits 91: Ferrero International S.A. - Key offerings
Exhibits 92: General Mills Inc. - Overview
Exhibits 93: General Mills Inc. - Business segments
Exhibits 94: General Mills Inc. - Key news
Exhibits 95: General Mills Inc. - Key offerings
Exhibits 96: General Mills Inc. - Segment focus
Exhibits 97: Mars Inc. - Overview
Exhibits 98: Mars Inc. - Product / Service
Exhibits 99: Mars Inc. - Key news
Exhibits 100: Mars Inc. - Key offerings
Exhibits 101: Meiji Holdings Co. Ltd. - Overview
Exhibits 102: Meiji Holdings Co. Ltd. - Business segments
Exhibits 103: Meiji Holdings Co. Ltd. - Key news
Exhibits 104: Meiji Holdings Co. Ltd. - Key offerings
Exhibits 105: Meiji Holdings Co. Ltd. - Segment focus
Exhibits 106: Mondelez International Inc. - Overview
Exhibits 107: Mondelez International Inc. - Business segments
Exhibits 108: Mondelez International Inc. - Key news
Exhibits 109: Mondelez International Inc. - Key offerings
Exhibits 110: Mondelez International Inc. - Segment focus
Exhibits 111: Morinaga and Co. Ltd. - Overview
Exhibits 112: Morinaga and Co. Ltd. - Product / Service
Exhibits 113: Morinaga and Co. Ltd. - Key offerings
Exhibits 114: Nestle SA - Overview
Exhibits 115: Nestle SA - Business segments
Exhibits 116: Nestle SA - Key news
Exhibits 117: Nestle SA - Key offerings
Exhibits 118: Nestle SA - Segment focus
Exhibits 119: ORION Holdings Corp. - Overview
Exhibits 120: ORION Holdings Corp. - Product / Service
Exhibits 121: ORION Holdings Corp. - Key offerings
Exhibits 122: The Hershey Co. - Overview
Exhibits 123: The Hershey Co. - Business segments
Exhibits 124: The Hershey Co. - Key news
Exhibits 125: The Hershey Co. - Key offerings
Exhibits 126: The Hershey Co. - Segment focus
Exhibits 127: The Kraft Heinz Co. - Overview
Exhibits 128: The Kraft Heinz Co. - Business segments
Exhibits 129: The Kraft Heinz Co. - Key news
Exhibits 130: The Kraft Heinz Co. - Key offerings
Exhibits 131: The Kraft Heinz Co. - Segment focus
Exhibits 132: Inclusions checklist
Exhibits 133: Exclusions checklist
Exhibits 134: Currency conversion rates for US$
Exhibits 135: Research methodology
Exhibits 136: Information sources
Exhibits 137: Data validation
Exhibits 138: Validation techniques employed for market sizing
Exhibits 139: Data synthesis
Exhibits 140: 360 degree market analysis
Exhibits 141: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global chocolate market in europe: Arcor Group, Barry Callebaut AG, Cargill Inc., Chocoladefabriken Lindt and Sprungli AG, Cloetta AB, Ezaki Glico Co. Ltd., Ferrero International S.A., General Mills Inc., Kerry Group Plc, Mars Inc., Meiji Holdings Co. Ltd., Mondelez International Inc., Montezumas Direct Ltd., Morinaga and Co. Ltd., Nestle SA, ORION Holdings Corp., Perfetti Van Melle Group BV, Tate and Lyle Plc, The Hershey Co., and The Kraft Heinz Co..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is the growing popularity of online retailing."

According to the report, one of the major drivers for this market is the increasing demand for and popularity of dark chocolate and organic chocolate.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Arcor Group
  • Barry Callebaut AG
  • Cargill Inc.
  • Chocoladefabriken Lindt and Sprungli AG
  • Cloetta AB
  • Ezaki Glico Co. Ltd.
  • Ferrero International S.A.
  • General Mills Inc.
  • Kerry Group Plc
  • Mars Inc.
  • Meiji Holdings Co. Ltd.
  • Mondelez International Inc.
  • Montezumas Direct Ltd.
  • Morinaga and Co. Ltd.
  • Nestle SA
  • ORION Holdings Corp.
  • Perfetti Van Melle Group BV
  • Tate and Lyle Plc
  • The Hershey Co.
  • The Kraft Heinz Co.