IMARC Group, a leading market research company, has recently releases report titled “Europe Dark Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the Europe dark chocolate market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Europe dark chocolate market?
The Europe dark chocolate market size reached US$ 26.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 31.8 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.
What is dark chocolate?
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.
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What are the growth prospects and trends in the Europe dark chocolate industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Grocery Retailers
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
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