Europe Premium Chocolate Market

Market Overview:

The Europe premium chocolate market size reached US$ 7.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.28% during 2024-2032.

Premium chocolates refer to the high-quality chocolate variants that are prepared from ultra-fine ingredients and require superior craftsmanship. These chocolates are infused with a variety of exotic flavors, including tropical fruits, peanut butter, caramel, mint, honey, salt, hazelnut, espresso, etc. Premium chocolates offer better taste and texture than conventional chocolates and are sold in standardized packaging with high-aesthetic value. In Europe, premium chocolates are widely available in the form of dark chocolates, milk chocolates, and white chocolates.

The market growth in Europe is primarily driven by the increasing consumption of premium dark chocolates. The rising consumer health concerns have led to the changing inclination from conventional milk chocolates towards premium dark chocolates. Additionally, the growing popularity of gourmet chocolates prepared from ultra-fine cocoa beans is further augmenting the market growth. Moreover, the emergence of organic, vegan, sugar-free, and gluten-free premium chocolates is also catalyzing the product demand in Europe. The high prevalence of clean eating trends among the European consumers has led to the replacement of synthetic additives with natural cocoa pulp in premium chocolates. Besides this, the increasing popularity of premium textured chocolates, added with high-quality grains, nuts, and cereals, is further driving the market growth. Apart from this, the market is also augmented by the branding of seasonal and premium chocolates as limited collection products. The European consumers are getting inclined towards attractive and luxury packaging for gifting premium chocolates on special occasions. Moreover, several manufacturers are also launching a wide range of premium chocolate varieties with specific shapes, patterns, and sizes, customized for Christmas, Halloween, and Easter. Furthermore, the growing penetration of liquor-based premium chocolates, particularly across the U.K., Germany, and Belgium, is also inducing the market growth. Besides this, the increasing demand for innovative flavors along with the emergence of personalized premium chocolates is also catalyzing the market. Furthermore, the growing number of private-label chocolatiers in the region, offering more artisanal and specialized products, is also expected to drive the market for premium chocolates in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the Europe premium chocolate market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type, packaging type and distribution channel.

Breakup by Product Type:

• Dark Chocolate
• Milk Chocolate
• White Chocolate
• Others
   

Breakup by Packaging Type:

• Standard Packaging
• Gift Packaging
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Stores
• Others
   

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Switzerland
• Belgium
• Netherlands
• Poland
• Russia
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Cemoi Group, Chocoladefabriken Lindt & Sprüngli AG, Hershey Company, Ferrero International S.A, Mars Incorporated, Mondelez International Inc, Nestlé S.A., Neuhaus (United Belgian Chocolate Makers), Pierre Marcolini Group and Pladis Global (Yildiz Holding).

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe premium chocolate market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe premium chocolate market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the packaging type?
• What is the breakup of the market based on the distribution channel?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe premium chocolate market and who are the key players?
• What is the degree of competition in the industry?