Industry Trends, Share, Size, Growth, and Forecast – Stillwater Current
According to the latest report from the IMARC group, entitled “Europe Premium Chocolate Market Share: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026,”“The European premium chocolate market is expected to show moderate growth over the period 2021-2026.
Premium chocolates refer to edible products obtained by fermentation and roasting of good quality seeds obtained from the pods of Theobroma cocoa trees. Usually high in caffeine, phenethylamine, theobromine, and flavonoids, they can be widely available in dark, dairy, or white variants. These premium chocolates require superior craftsmanship to make variants with a richer taste and texture than regular chocolates. These variations are also packaged in aesthetic packaging to instantly grab the attention of customers. These chocolates are further infused with a wide range of unconventional flavors, including mint, salt, caramel, espresso, hazelnut, peanut butter and tropical fruits, thanks to which they are gaining prominence among masses.
Like the novel coronavirus (COVID-19) the crisis is taking hold of the world, we are constantly monitoring changes in the markets, as well as the industrial behavior of consumers around the world and our estimates on the latest trends and market forecasts are made after taking into account the impact of this pandemic.
High-end chocolate market trends in Europe:
The market in Europe is mainly driven by the growing preference of the masses for high-end and good quality chocolates. Growing awareness of the harmful effects of consuming synthetic and cheap products is also contributing to the growing demand for premium chocolates. Along with this, the advent of sugar-free and organic chocolates in the market is gaining prominence among the masses. This can be attributed to the growing awareness of health among the individuals in the region. Additionally, the vegan and gluten-free variants are enjoying great popularity among vegans and those with gluten allergies. The market is further driven by the growing demand for quality seasonal limited edition chocolates across Europe. Supported by the increasingly popular trend of offering premium chocolates as a luxury present in the region, this is driving the growth of the market. In addition, there has been an increase in the number of private label chocolate makers in the region who specialize in artisanal and specialty products. They produce fine quality chocolates with exotic flavors and also customize variations according to customers’ requirements. Coupled with the strong presence of efficient e-commerce facilities in Europe, this gives a boost to the growth of the market. Other factors contributing to the growth of the market include the increasing popularity of premium alcohol-based chocolates and the growing adoption of premium textured chocolates fortified with high quality nuts, grains and grains. Due to the aforementioned factors, the market is expected to witness high growth during the period 2020-2025.
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Analysis and segmentation of the global premium chocolate market in Europe 2021-2026:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
Cemoi Group, Chocoladefabriken Lindt & Sprüngli AG, Hershey Company, Ferrero International SA, Mars Incorporated, Mondelez International Inc, Nestlé SA, Neuhaus (United Belgian Chocolate Makers), Pierre Marcolini Group and Pladis Global (Yildiz Holding).
The report has segmented the market on the basis of region, product type, packaging type, and distribution channel.
Breakdown by product type:
- Dark chocolate
- Milk chocolate
- White chocolate
Breakdown by type of packaging:
- Standard packaging
- Gift wrap
Breakdown by distribution channel:
- Supermarkets and hypermarkets
- Convenience Stores
- Specialty stores
- Online stores
Breakdown by country:
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