The import of cocoa paste not defatted to Italy is projected to increase steadily from 2024 to 2028. In 2023, this import stood at approximately 35 million kilograms, and it is forecasted to grow by about 3% annually, reaching over 40 million kilograms by 2028. The consistent year-on-year growth rate suggests a robust demand in the Italian market for cocoa paste not defatted over the coming years.
The average compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 is anticipated to be around 3.05%. Key factors contributing to this trend include an increasing appetite for chocolate and related products, as well as a rising reliance on imports to meet domestic demand.
Future trends to watch for include:
- Potential shifts in consumer preferences towards healthier or differently formulated cocoa products.
- Regulatory changes in Italy or the European Union impacting import tariffs or standards.
- Fluctuations in global cocoa supply and prices influenced by climate change or geopolitical factors.
- Advancements in alternative ingredients that could affect demand for traditional cocoa paste.
