The unsweetened cocoa powder market in Greece experienced fluctuations from 2013 to 2023. In 2023, the market size was valued at 15.506 million euros. The year-on-year variation showed a slight decline of 1.54% from 2022 to 2023. Analyzing the five-year period, the compound annual growth rate (CAGR) was negative at -2.33%. This indicates a gradual contraction in recent years, with various factors influencing the market dynamics, including changes in consumer preferences and external economic factors.
Future trends to watch include potential recovery backed by increasing health consciousness leading to a preference for unsweetened cocoa. Additionally, innovations in product formulations and expanding applications in the food industry could offer opportunities for market growth. External economic conditions and pricing strategies in the international cocoa market will also impact future outcomes.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 96,996,000 | 2023 | +1.81% | +1.73% | View data |
| 2 | 2 United Kingdom | 38,100,000 | 2023 | -0.93% | -0.12% | View data |
| 3 | 3 Romania | 17,356,000 | 2023 | -2.56% | -1.72% | View data |
| 4 | 4 Greece | 15,506,000 | 2023 | -1.54% | -2.33% | |
| 5 | 5 Denmark | 10,103,000 | 2023 | -2.54% | +2.79% | View data |
| 6 | 6 Croatia | 3,433,900 | 2023 | -9.62% | -6.05% | View data |
