The European sold production of food preparations with up to 18% cocoa butter showed significant variances across countries in 2023. Belgium led with a value of 210.42 million euros, though it experienced a slight decrease of 1.85%. Spain and Germany followed, maintaining steady growth at 1.63% and 1.24%, respectively. Notably, Finland demonstrated a remarkable increase of 61.14%, whereas Denmark fell by 8.66%. Emerging growth was seen in Lithuania with a 4.34% rise, and Estonia showcased an impressive 12.53% increase, illustrating varied growth dynamics across the region.
Future trends suggest continuous growth in Finland and other emerging markets like Estonia, while Belgium may face challenges maintaining its lead unless offset by strategic innovations. The industry should keep an eye on health and sustainability trends shaping consumer preferences, potentially driving market differentiation.
Top countries in Sold Production of Food Preparations Containing at Most 18% of Cocoa Butter and in Packings Exceeding 2 kg by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 210,420,000 | 2023 | -0.78% | -1.85% | View data |
| 2 | 2 Spain | 48,330,000 | 2023 | +5.37% | +1.63% | View data |
| 3 | 3 Germany | 44,317,000 | 2023 | +0.56% | +1.24% | View data |
| 4 | 4 Sweden | 33,806,000 | 2023 | +3.21% | +1.82% | View data |
| 5 | 5 Poland | 17,899,000 | 2023 | +1.02% | +1.78% | View data |
| 6 | 6 Finland | 2,090,000 | 2023 | -5.11% | +61.14% | View data |
| 7 | 7 Denmark | 796,380 | 2023 | -16.57% | -8.66% | View data |
| 8 | 8 Lithuania | 696,020 | 2023 | +6.38% | +4.34% | View data |
| 9 | 9 Croatia | 179,440 | 2023 | -13.5% | -0.055% | View data |
| 10 | 10 Estonia | 25,430 | 2023 | +39.59% | +12.53% | View data |
