In 2023, France had 1.50 thousand enterprises in the cocoa, chocolate, and sugar confectionery sector. Forecasts indicate growth with enterprises expected to reach 1.74 thousand by 2028, reflecting a steady yearly increase. The year-on-year growth rate is approximately 3.23% for the latest forecast years, showcasing consistent expansion in this sector. The compound annual growth rate (CAGR) over the five-year forecast period is expected to be around 3%.
Future trends to watch for:
- Potential impacts of regulatory changes on cocoa sourcing and sugar usage.
- Increasing demand for sustainable and ethically-sourced products.
- Innovative product developments influenced by health trends.
- Market expansion and export opportunities within and beyond Europe.
