The Europe Cocoa Derivatives Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 400.6 kilo tonnes, showcasing a growth of 5.2% (2019-2022).
The growing interest in plant-based diets has extended to the cocoa derivatives market, emphasizing plant-based chocolates. Additionally, incorporating functional ingredients, such as adaptogens, probiotics, and superfoods, into cocoa-derived products aligns with the broader trend of functional and health-focused foods. The formulation of plant-based chocolates involves the use of non-dairy ingredients as substitutes for traditional dairy components. It frequently combined with plant-based milk alternatives (e.g., oat, soy, coconut, and almond milk) to produce chocolates that are devoid of animal products.
Additionally, innovation in cocoa processing technologies has enhanced the efficiency and precision of cocoa derivative production. Advanced methods such as cold pressing, micronization, and controlled fermentation contribute to improved flavor retention, nutritional quality, and consistency in cocoa derivatives. Micronization involves reducing the particle size of cocoa solids to micron levels. This is achieved through grinding, milling, or air classification, producing fine cocoa particles. Micronization enhances the solubility of cocoa particles in liquids. This is particularly advantageous in producing cocoa powders and instant cocoa mixes, where easy and rapid dissolvability is desired.
Germany has a strong chocolate culture, and its consumers have a high affinity for quality chocolate products. As consumer preferences evolve and there is an increasing demand for premium and diverse chocolate offerings, the production of chocolate products may rise, thereby expanding the cocoa derivatives market. As per the data provided by the Centre for the Promotion of Imports from Developing Countries (CBI), Germany houses Europe’s largest chocolate manufacturing industry, predominantly using bulk beans. According to Prodcom data, Germany manufactured about 1,182,000 tonnes of chocolate products in 2020. In 2021, Germany exported over 950,000 tonnes of chocolate and other food preparations containing cocoa. The estimated export value of Germany’s chocolate products and other cocoa preparations was €4.5 billion. Thus, growing chocolate production in Europe will help in the expansion of the regional cocoa derivatives market.
The Germany market dominated the Europe Cocoa Derivatives Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,510.2 million by 2030. The UK market is showcasing a CAGR of 4.4% during (2023 - 2030). Additionally, The France market would register a CAGR of 6.2% during (2023 - 2030).
Based on Application, the market is segmented into Food & Beverage, Personal Care & Cosmetics, and Others. Based on Distribution Channel, the market is segmented into B2B, and B2C (Hypermarkets/Supermarkets, Wholesale Stores, Online sales, and Others). Based on Product, the market is segmented into Cocoa Powder, Cocoa Butter, Cocoa Mass/Liquor, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Cocoa Derivatives Market will Hit $35.4 Billion by 2030, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Olam Group Limited (Temasek Capital), Cargill, Incorporated, JB Foods Limited, The Barry Callebaut Group, Indcre, S.A., Moner Cocoa, S.A., BASF SE, Buhler Group, Mondelez International, Inc., and Nestle S.A.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Product (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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