Report : Europe Cocoa Derivatives Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Cocoa Butter, Cocoa Beans, Cocoa Powder, and Others), Category (Organic and Conventional), and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, Beverages, and Other Food and Beverages), Personal Care, and Other]

At 5.0% CAGR, the Europe Cocoa Derivatives Market is speculated to be worth US$ 14,331.79 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Europe cocoa derivatives market was valued at US$ 10,670.46 million in 2022 and is expected to reach US$ 14,331.79 million by 2028, registering a CAGR of 5.0% from 2022 to 2028. Increasing demand for cocoa-based confectioneries and deployment of cocoa as sustainable beauty ingredient in cosmetics industry are the critical factors attributed to the Europe cocoa derivatives market expansion.

Cocoa is increasingly being used in formulating different beverages and confectionery products, Different types of cocoa derivatives, including cocoa beans, cocoa butter, and cocoa powder, are available in organic and conventional categories. The demand for organic and Fairtrade-certified cocoa beans is growing across the Europe. Consumers are inclined toward consuming safer products that help them maintain overall health. The rising interest in pesticide-free food products positively affects the demand for organically grown cocoa. Further, Lindt & Sprüngli have stated that their organic cocoa products sales in Europe are growing at a much faster pace than overall cocoa products sales. Thus, manufacturers are adding organic products to their portfolios to cater to the increasing demand. For instance, Barry Callebaut offers domestically produced, organic-certified, non-alkalized cocoa powder.

The market for Fairtrade cocoa is expected to remain large, driven by long-term agreements between retailers and cocoa product brands to label their products under Fairtrade standards. The larger availability of private-label cocoa products in the market drives these arrangements between stakeholders. European retailers have entered into agreements with fairtrade and have increased the use of fairtrade cocoa in their confectionery categories. Retailers such as Aldi and Lidl currently have a wide range of Fairtrade-certified cocoa products in their portfolios. Thus, increasing demand for organic and Fairtrade cocoa derivatives is creating lucrative opportunities for the cocoa derivatives market. This is expected to drive the market during the forecast period. 

On the contrary, fluctuations in costs of cocoa hurdles the growth of Europe cocoa derivatives market. 

Based on type, the Europe cocoa derivatives market is categorized into cocoa butter, cocoa beans, cocoa powder, and others. The cocoa beans segment held 43.6% share of Europe cocoa derivatives market in 2022, amassing US$ 4,651.69 million. It is projected to garner US$ 6,141.58 million by 2028 to expand at 4.7% CAGR during 2022–2028.

Based on category, the Europe cocoa derivatives market is bifurcated into organic and conventional. The conventional segment held 80.5% share of Europe cocoa derivatives market in 2022, amassing US$ 8,585.44 million. It is projected to garner US$ 11,463.48 million by 2028 to expand at 4.9% CAGR during 2022–2028.

Based on application, the Europe cocoa derivatives market is categorized into food and beverages, personal care, and other. The food and beverages segment held 72.1% share of Europe cocoa derivatives market in 2022, amassing US$ 7,691.85 million. It is projected to garner US$ 10,065.95 million by 2028 to expand at 4.6% CAGR during 2022–2028. Further, food and beverages segmented into bakery and confectionery, dairy and frozen desserts, beverages, and other.

Based on country, the Europe cocoa derivatives market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe.  Our regional analysis states that the Rest of Europe captured 39.6% share of Europe cocoa derivatives market in 2022. It was assessed at US$ 4,221.36 million in 2022 and is likely to hit US$ 5,468.75 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.

Key players dominating the Europe cocoa derivatives market are Olam Group Ltd; Indcre SA; Cargill Inc; Natra SA; JB Foods Ltd; United Cocoa Processor Inc.; Barry Callebaut AG; Moner Cocoa SA; and Altınmarka Gıda San. ve Tic. A.Ş. among others

  • In Jun 2022, JB Foods Ltd invested in construction of cocoa processing facility in Ivory Coast.
  • In Aug 2019, Barry Callebaut AG introduced Bensdorp Natural Dark cocoa powder.

Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: sam@businessmarketinsights.com

Download Free PDF Brochure