The Europe drinking chocolate market refers to the industry centered around producing, distributing, and consuming liquid or powdered chocolate-based beverages in Europe countries. This market encompasses various products, including hot chocolate mixes, ready-to-drink beverages, and gourmet chocolate blends. The demand for drinking chocolate in Europe is influenced by changing consumer preferences and evolving culinary trends. This market also reflects evolving tastes and a growing awareness of health-conscious options, as manufacturers offer various formulations to cater to diverse customer demands, ensuring a rich and diverse landscape of drinking chocolate products.
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Data Bridge Market Research analyses that the Europe Drinking Chocolate Market is expected to grow at a CAGR of 4.1% during the forecast period of 2022 to 2029 and is expected to reach USD 16,221.42 million by 2029 from USD 11,762.05 million in 2021. The Europe drinking chocolate market has expanded due to the proliferation of specialty cafes and chocolatiers. Consumers are increasingly drawn to these establishments, seeking unique and indulgent chocolate-based beverages, spurring market growth by offering innovative and premium options in a café culture that promotes indulgence and creativity.
Key Findings of the Study
Convenient indulgence is expected to drive the market's growth rate
In the fast-paced world, ready-to-drink and instant hot chocolate products offer a hassle-free solution for chocolate lovers on the go. Catering to busy lifestyles, these convenient options provide a quick, satisfying chocolate fix without compromising on taste. Perfect for those seeking indulgence without the wait, they redefine on-the-go enjoyment.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Dark, Milk, White), Cocoa Content (60-90%, 40-60%, 30-40%, Others), Application (Chocolate Drinks, Protein Shakes, Energy Drinks, Coffee Mixes), Flavor (Vanilla, Caramel, Honey, Hazelnut), Form (Powder, Liquid), Target Consumers (Adult, Kids), End-User (Food Service Providers, Household/Domestic, Corporates, Airlines)
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Countries Covered
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Germany, U.K., France, Italy, Switzerland, The Netherlands, Spain, Belgium, Turkey, Russia, Sweden, Denmark, Poland, Luxemburg, Rest of Europe.
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Market Players Covered
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Barry Callebaut (Switzerland), The Hershey Company (U.S.), Nestle SA (Switzerland), Ingredion (U.S.), Mars, Incorporated (U.S.), DSM (Netherlands)Kerry Group plc (Ireland), Tate & Lyle (U.K.), Godiva (US), LUIGI LAVAZZA SPA, (Italy), Starbucks Coffee Company (US), PepsiCo (US), Mondelez International (US), The Simply Good Foods Company (US)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe drinking chocolate market is segmented on the basis of type, cocoa content, application, flavor, form, target consumers, and end-user.
- On the basis of type, the Europe drinking chocolate market is segmented into dark, milk, and white
- On the basis of cocoa content, the Europe drinking chocolate market is segmented into 60-90%, 40-60%, 30-40%, and others
- On the basis of application, the Europe drinking chocolate market is segmented into chocolate drinks, protein shakes, energy drinks, and coffee mixes
- On the basis of flavor, the Europe drinking chocolate market is segmented into vanilla, caramel, honey, and hazelnut
- On the basis of form, the Europe drinking chocolate market is segmented into powder, and liquid
- On the basis of target consumers, the Europe drinking chocolate market is segmented into adult, and kids
- On the basis of end-user, the Europe drinking chocolate market is segmented into food service providers, household/domestic, corporates, and airlines
Major Players
Data Bridge Market Research recognizes the following companies as the major Europe drinking chocolate market players in Europe drinking chocolate market are Barry Callebaut (Switzerland), The Hershey Company (U.S.), Nestle SA (Switzerland), Ingredion (U.S.), Mars, Incorporated (U.S.), DSM (Netherlands)Kerry Group plc (Ireland).
Market Developments
- In September 2021, Ferrero collaborated with Lagardère to pre-launch Ferrero Rocher Tablets in the travel-retail sector, marking Ferrero's entry into the chocolate tablet market with three enticing flavors
- In September 2020, Nestlé unveiled a significant expansion of its dairy alternative offerings in the Europe Drinking Chocolate Market. The company introduced a plant-based Nesquik drink, initially in Spain, Portugal, and Hungary, before expanding to other European nations. This sustainable beverage, crafted from oats, peas, and ethically sourced cocoa, has lower sugar content than its milk-based counterpart
- In March 2020, FrieslandCampina's Yazoo unveiled a new Choco-Hazelicious flavor, offering four versatile formats for both on-the-go and home consumption. This product expansion aimed to provide consumers with convenient and delicious chocolate-hazelnut options to enjoy wherever and whenever they desired
- In February 2020, Nestlé unveiled a groundbreaking addition to its portfolio instant coffee by Starbucks, showcasing a relentless commitment to innovation through their partnership. This innovative product not only enhanced their offerings but also promised significant sales growth in the future
Regional Analysis
Geographically, the countries covered in the Europe drinking chocolate market report are Germany, U.K., France, Italy, Switzerland, The Netherlands, Spain, Belgium, Turkey, Russia, Sweden, Denmark, Poland, Luxemburg, Rest of Europe.
For more detailed information about the Europe drinking chocolate market report, click here – https://www.databridgemarketresearch.com/de/reports/europe-drinking-chocolate-market
