In 2023, Germany was the leader in the European sold production of cocoa preparations for beverages, holding the highest share, despite a decline of 3.71%. The UK and Italy followed, with the UK showing a positive change of 2.41% and Italy decreasing by 2.21%. Spain experienced a significant increase of 9.19%, while Poland and Croatia faced negative and positive changes respectively. Over the past five years, Germany had consistent dominance, while Spain showed promising growth trends.
Future trends to watch:
- Potential growth opportunities in Spain and potential stabilization in the UK.
- Germany’s market may face saturation, affecting future share increases.
- Economic and consumption patterns impacting smaller markets like Denmark and Croatia.
Top countries in Sold Production of Preparations Containing Cocoa for Making Beverages Share by Country (Euros)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 36.58 | 2023 | -5.35% | -3.71% | View data |
| 2 | 2 United Kingdom | 30.35 | 2023 | -1.71% | +2.41% | View data |
| 3 | 3 Italy | 22.51 | 2023 | +0.36% | -2.21% | View data |
| 4 | 4 Spain | 6.86 | 2023 | +3.3% | +9.19% | View data |
| 5 | 5 Czechia | 6.12 | 2023 | |||
| 6 | 6 Poland | 3.78 | 2023 | +1.98% | -4.34% | View data |
| 7 | 7 Croatia | 1.28 | 2023 | +3.54% | +3.25% | View data |
| 8 | 8 Denmark | 0.006 | 2021 | View data |
