Europe Cocoa Market Report and Forecast 2025-2034

The Europe cocoa market reached USD 9.89 Billion in 2024. The market is expected to grow at a CAGR of 4.20% between 2025 and 2034, reaching USD 14.92 Billion by 2034.

Europe Cocoa Market Growth

Application in foods and beverages leads the Europe cocoa market growth since it is primarily used in the production of chocolate.

In the food and beverages sector, cocoa is primarily used in the production of chocolate, including bars, confectionery and bakery items like cakes, brownies, and muffins among others. Significant consumption of cocoa powder is driven by increasing demand for premium chocolates.

Cocoa besides being used in the foods and beverages industry is also gaining popularity among the Pharmaceutical and healthcare industry. For instance, in February 2024, scientists at the Arctic University of Norway discovered a new form of oral insulin which can be taken as a pill or sugar-free chocolate and could replace injections for curing diabetics. About 61 million people are suffering from diabetes in Europe, out of which 10% have type 1 diabetes, this specialised polymer will help with more precise delivery of insulin.

Cocoa butter also referred to as theobroma oil is an edible fat which is extracted from cocoa beans. Cocoa butter is a key ingredient in the production of chocolate and other confectionery products for its pleasant aroma, smooth texture and melting properties making it an ideal candidate.

Europe Cocoa Market Segmentation

Europe Cocoa Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

Cocoa Butter
Cocoa Powder
Cocoa Liquor

Market Breakup by Application

Food and Beverages _x000D_ _x000D_ Confectionery _x000D_ Dairy _x000D_ Bakery _x000D_ Others _x000D_ _x000D_
Food and Beverages _x000D_ _x000D_ Confectionery _x000D_ Dairy _x000D_ Bakery _x000D_ Others _x000D_ _x000D_
Cosmetics and Pharmaceuticals
Others
Cosmetics and Pharmaceuticals
Others

Market Breakup by Country

Germany
United Kingdom
France
Italy
Others

Europe Cocoa Market Share

Growth in the Cocoa market is led by confectionaries owing to the significant share that they hold in Europe, Consequently,chocolateproduction is a primary application within confectioneries. Countries like Switzerland, Belgium, and Germany have a strong confectionery industry and produce a wide variety of chocolates.

Leading Companies in the Europe Cocoa Market

Market players in the cocoa industry are expanding their scope using cocoa in the pharmaceutical and healthcare industries, this goes beyond the conventional scope of cocoa in the foods and beverage industry. Companies are also establishing their presence in personal care where cocoa lotions have become popular, which enhances their visibility to consumers, thereby contributing to market growth.

Cargill Inc.
Barry Callebaut AG
Nestle S.A.
Mondelez International, Inc.
BASF SE
Buhler AG
Ferrero International S.A.
Mars Inc.
Forever Cacao
GCB Cocoa UK Ltd.
Others