In 2023, Spain led the European market in the production of unsweetened cocoa powder, securing the largest market share in terms of value, followed by Germany and Italy. The Spanish market showed a robust growth of 7.2%, while Germany also experienced growth at 4.81%. In contrast, France, Italy, and Poland saw declines, with France experiencing the steepest drop at 9.86%. Smaller markets like Serbia and Macedonia grew modestly. Notably, Finland witnessed a significant fall of 41.29%. The compound annual growth rate over the past five years indicates steady growth in some regions, with Spain maintaining a dominant presence.
Future trends to watch include potential increases in demand for premium cocoa products and zero-waste production methods. Rising health consciousness may further propel markets like Germany and Spain. Monitoring economic conditions and competitive pricing could also offer insights into shifts within the European cocoa industry.
Top countries in Sold Production of Cocoa Powder Not Containing Added Sugar or Other Sweetening Matter Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 47.23 | 2023 | +3.24% | +7.2% | View data |
| 2 | 2 Germany | 26.22 | 2023 | +14.13% | +4.81% | View data |
| 3 | 3 Italy | 15.07 | 2023 | +20.67% | -4.58% | View data |
| 4 | 4 France | 6.29 | 2023 | -13.43% | -9.86% | View data |
| 5 | 5 Poland | 1.49 | 2023 | -3.9% | -5.24% | View data |
| 6 | 6 Serbia | 1.2 | 2023 | +4.27% | +7.14% | View data |
| 7 | 7 Czechia | 0.34 | 2023 | |||
| 8 | 8 Croatia | 0.23 | 2023 | -1.44% | -1.74% | View data |
| 9 | 9 Macedonia | 0.072 | 2023 | +3.17% | +2.51% | View data |
| 10 | 10 Finland | 0 | 2023 | -3.53% | -41.29% | View data |
