Belgium dominates the European market for food preparations with up to 18% cocoa butter in packings over 2 kg, commanding 59.68% of the total value share in 2023. Although predicting a slight decline recently, Belgium remains far ahead of the other European countries. Spain follows with a valued market share of 13.71%, seeing a modest year-on-year increase. Germany and Sweden are close competitors, with Germany showing stable progression while Sweden has increased its share slightly more robustly. Notably, Finland and Estonia have seen significant year-on-year growth, though from a small base. Contrarily, Denmark experienced a notable decline.
Future trends to monitor include the potential for shifts in market leadership if countries like Spain and Sweden maintain their upward trajectory. Emerging markets such as Finland and Estonia, albeit currently small players, show high growth potential which might influence future market dynamics. Sustainability concerns and the increasing demand for cocoa alternatives could further reshape production trends across Europe.
Top countries in Sold Production of Food Preparations Containing at Most 18% of Cocoa Butter and in Packings Exceeding 2 kg Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 59.68 | 2023 | -0.78% | -1.85% | View data |
| 2 | 2 Spain | 13.71 | 2023 | +5.37% | +1.63% | View data |
| 3 | 3 Germany | 12.57 | 2023 | +0.56% | +1.24% | View data |
| 4 | 4 Sweden | 9.59 | 2023 | +3.21% | +1.82% | View data |
| 5 | 5 Poland | 5.08 | 2023 | +1.02% | +1.78% | View data |
| 6 | 6 Finland | 0.59 | 2023 | -5.11% | +61.14% | View data |
| 7 | 7 Denmark | 0.23 | 2023 | -16.57% | -8.66% | View data |
| 8 | 8 Lithuania | 0.2 | 2023 | +6.38% | +4.34% | View data |
| 9 | 9 Croatia | 0.051 | 2023 | -13.5% | -0.055% | View data |
| 10 | 10 Estonia | 0.007 | 2023 | +39.59% | +12.53% | View data |
