Europe Dark Chocolate Market to Reach US$ 31.8 Billion by 2028, Propelled by the Wide Availability Through Various Distribution Channels

July 27, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Europe Dark Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the Europe dark chocolate market size reached US$ 26.6 Billion in 2022. Dark chocolate is a chocolate that has a rich and intense flavor, high amount of cocoa content, and a lower amount of sugar and milk additives. It is manufactured from cocoa beans that undergo a process of roasting and grinding. It has a smooth and velvety texture and offers antioxidant properties. It assists in reducing inflammation, improving heart health, and enhancing cognitive functions among individuals. Besides this, it aids in reducing low-density lipoproteins (LDL) cholesterol levels and enhancing blood flow. As it is a healthier alternative to traditional sweets due to its low sugar content, the demand for dark chocolate is rising in Europe.

Europe Dark Chocolate Market Trends:

At present, the rising adoption of dark chocolates among fitness enthusiasts as a quick post or pre-workout snack represents one of the key factors supporting the growth of the market in Europe. Besides this, the growing demand for dark chocolates due to the increasing health consciousness among individuals is offering a positive market outlook across the region. Additionally, there is a rise in the demand for cost-effective, high quality, and enhanced flavored dark chocolates among the masses in Europe. This, coupled with the increasing consumption of dark chocolates, as they lower the risk of various cardiovascular diseases among individuals, is propelling the growth of the market. Apart from this, the rising demand for organic and natural flavor dark chocolates that are free from chemicals and preservatives is offering lucrative growth opportunities to industry investors. Moreover, the wide availability of dark chocolates through supermarkets, hypermarkets, and convenience and online stores in Europe is positively influencing the market. In addition, the rising adoption of ready-to-eat (RTE) food products among individuals with hectic lifestyles and busy working schedules is contributing to the growth of the market across the region. Furthermore, key players are introducing new dark chocolate packs with a longer shelf life, which is strengthening the market growth in Europe. Looking forward, the market value is projected to reach US$ 31.8 Billion by 2028, expanding at a CAGR of 2.8% during 2023-2028.

Market Summary:

Based on the distribution channel, the market has been classified into supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. At present, supermarkets and hypermarkets hold the largest market share.
Region-wise, the market has been segmented into Germany, France, United Kingdom, Italy, Spain, and others. Amongst these, Germany enjoys the leading position in the market.
The competitive landscape of the market has also been examined.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment Distribution Channel Country
Distribution Channels Covered	Supermarkets and Hypermarkets, Convenience Stores, Non-Grocery Retailers, Others
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
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Europe Dark Chocolate Market to Reach US$ 31.8 Billion by 2028, Propelled by the Wide Availability Through Various Distribution Channels

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