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Germany Chocolate Market Overview
Germany Chocolate Market size is estimated at $12 billion in 2020, projected to grow at a CAGR of 6.3% during the forecast period 2021-2026. Chocolate is derived from cocoa beans that is eaten as candy and used as a flavoring ingredient and coat various confections and bakery products. It's high in carbohydrates and includes trace amounts of the stimulating alkaloids theobromine and caffeine, making it a great source of fast energy. It can be in a solid form, such as a candy bar, or a liquid form, such as hot chocolate, condensed milk. Chocolate is made from cocoa beans and is found in a wide range of delicacies, including cakes, candies, and ice cream. It can be in a solid form, such as a candy bar, or a liquid form, such as hot chocolate, condensed milk. The market's growth is being fueled by rising consumer awareness of dark chocolate and rising chocolate consumption among teenagers. Furthermore, new product variations and advancements in chocolate processing technology are boosting overall chocolate industry demand. The chocolate industry has witnessed huge demand owing to the increasing demand for ready-to-eat food in the market. Increased demand for sugar-free products as a result of rising consumer health consciousness has compelled Chocolate manufacturers to research and develop new low-sugar Chocolate products, which has aided the Germany Chocolate industry's development. Additionally, as a form of chocolate, the Food and Drug Administration does not establish a criterion of identity for dark chocolates. A product must contain at least 10% chocolate liquor, at least 3.39 percent milkfat, and at least 12 percent milk solids to be promoted as milk chocolate. Moreover, the increasing preference for dark chocolates among Germany population has provided an advantageous demand for Chocolate suppliers. This factor would have a positive impact on the demand for Germany Chocolate industry.
Report Coverage
The report: “Germany Chocolate Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Germany Chocolate Market.
By Product Type: White Chocolate, Milk Chocolate, Dark Chocolate and Others.
By Distribution Channel: Supermarket/Hypermarket, Convenience Stores, E-Commerce and Others.
By Application: Sugar Confectionery, Bakery Products, Beverages, Desserts and Others.
Key Takeaways
- Germany Chocolate Market growth is being driven by an increase in demand for non-carbonated owing to the increasing demand for gluten-free, clean, low-calorie product.
- The increasing demand for sugar free products, ready-to-eat products are driving the Germany Chocolate Industry.
- Owing to an expanding health-conscious population and the increased demand for flavoured drinks, Flavoring ingredients, and beverages around the country, Dark Chocolate accounted for the greatest market share in 2020.
- The demand for items such as bread, cake, and cookies is rising rapidly, and the Germany Chocolate market is expected to rise as a result.
- However, regulations for the use of Germany Chocolate products in order to maintain international quality standards, volatile cocoa costs, and uncertainty about use due to health concerns are all holding the industry back.
Germany Chocolate Market Segment Analysis – By Product Type:
Based on Product Type, Dark Chocolate segment accounted for the largest revenue market share in 2020 and is also expected to grow at a fastest CAGR of 6.7% during the forecast period. Consumption of dark chocolate offers various health benefits, including lowering anxiety and improving clinical depression symptoms. During the forecast period, rising awareness of dark chocolate as a healthier product and flavoring ingredient is expected to fuel the segment's growth. Furthermore, numerous health experts around the world suggest that moderate chocolate consumption stimulates serotonin, which relaxes the brain and functions as an anti-depressant. According to the World Health Organization, depression, a prevalent mental condition, affects more than 264 million people of all ages around the world, and almost 800,000 people die each year as a result of suicide, with depression being one of the leading reasons. With 1.3 million tonnes produced in 2017, Germany is the largest chocolate producer in the European Union. In Germany, chocolate with components that are thought to be healthy, such as hemp seeds, matcha, or acai fruit, is growing more popular. Dark chocolate also lowers the risk of cardiovascular disease due to its high flavonoid content resulting into Germany Chocolate Industry growth. White Chocolate is predicted to grow at second fastest CAGR of 4.9% in the forecast period 2021-2026. White chocolate's use in desserts is opening up new business opportunities for manufacturers. Manufacturers are concentrating on boosting the nutritional content of their offers and positioning white chocolates as a healthy snacking alternative in order to broaden their consumer base, resulting in Germany Chocolate Industry growth.
Germany Chocolate Market Segment Analysis – By Distribution Channel:
Based on Distribution Channel, E-Commerce flavours accounted for the largest revenue market share in 2020 owing towards ease of availability of a wide selection of products in various flavors and uses as in various flavoring ingredient given by all brands at reasonable discounts. The growing number of smartphone and internet users is the primary driver of sector growth. These businesses give cash back and home delivery services, which contribute to the market's growth. Customers frequently purchase drinks, chocolate products in condensed milk and others from online websites in order to save time due to the increasingly hectic lifestyle. Major corporations, such as Big Basket, are collaborating with internet shops to broaden their customer base. They also create their online portals and websites to promote the growth of the market in order to increase product sales driving the Germany Chocolate Industry. Convenience Stores is anticipated to grow with the fastest CAGR of 6.8% in the forecast period 2021-2026. This is mainly attributed to the rising availability of low to high end prices products which are easily accessible aiding to the Germany Chocolate Industry development.
Germany Chocolate Market - Drivers
The Growing Awareness & Demand for Sugar Free Products:
The growth of the global market in Germany Chocolate is expected to drive the rising demand for sugar-free products such as obese and diabetic desserts, the industrialisation, and increased purchasing power per capita, the use of color naturally derived from specific color emulsion technology. A prominent driver driving the Germany Chocolate market is rising consumer awareness of the nutritional benefits of Chocolate Flavoring ingredient due to the presence of flavonoids. Furthermore, fibre, iron, magnesium, copper, and manganese are abundant in the chocolate varieties. Furthermore, a molecule called epicatechin, which can be found in chocolate and green tea, protects the brain from the formation of sticky protein or amyloid plaques, which are prevalent in Alzheimer's disease. Furthermore, according to the Journal of Nutrition, chocolate consumption may aid in the reduction of low-density lipoprotein (LDL) cholesterol. Furthermore, the rising popularity of pancakes, doughnuts, and chocolate cookies has resulted in significant revenue for the Germany Chocolate industry.
Germany Chocolate Market - Challenges
Short Product Self Life:
Some of the aspects that limit the growth of the Germany Chocolate Market include the short shelf life of chocolates. Due to the milk fat component of the milk, which oxidises or becomes rancid faster than cocoa butter, milk chocolate and its application in condensed milk has a self-life of six to nine months. Furthermore, the shorter the life period of chocolate, the higher the milk content. In addition, adding nuts to chocolate reduces the self-life of the chocolate in terms of boom and rancidity. Nut oils travel swiftly to the surface of the chocolate, causing it to bloom, and they deteriorate at a faster rate than milk fat impeding the Germany Chocolate market's growth.
Germany Chocolate Market - Landscape:
The Germany Chocolate Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Germany Chocolate Market top 10 companies are Arla Foods, Cargill, Inc., Archer Daniels Midland Company, Olam International, Ingredion Inc., E.I. du Pont de Nemours and Co, Kerry Group plc, Barry Callebaut, Tate & Lyle plc and Koninklijke DSM N.V.
Acquisitions/Product Launches:
- In April 2020, Barry Callebaut, one of the world’s leading manufacturer of the high quality cocoa products has acquired Inforum, one of the leading Russian B2B manufacturer of chocolate, fillings, compound coatings.
Related Reports:
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Report Code: FBR 0443
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1. Germany Chocolate Market - Overview
1.1 Definitions and Scope
2. Germany Chocolate Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Product Type
2.3 Key trends by Distribution Channel
3. Germany Chocolate Market - Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis– Key Companies
3.3 Market Share Analysis
3.4 Patent Analysis
3.5 Pricing Analysis- Average Price
4. Germany Chocolate Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Germany Chocolate Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Germany Chocolate Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Germany Chocolate Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Germany Chocolate Market – By Product Type (Market Size –$Million/$Billion)
8.1 White Chocolate
8.2 Milk Chocolate
8.3 Dark Chocolate
8.4 Others
9. Germany Chocolate Market – By Distribution Channel (Market Size –$Million/$Billion)
9.1 Supermarket/Hypermarket
9.2 Convenience Stores
9.3 E-Commerce
9.4 Others
10. Germany Chocolate Market – By Application (Market Size –$Million/$Billion)
10.1 Sugar Confectionery
10.2 Bakery Products
10.3 Beverages
10.4 Desserts
10.5 Others
11. Germany Chocolate Market - Entropy
12. Germany Chocolate Market – Industry/Segment Competition Landscape Premium
12.1 Competition Matrix
12.2 Best Practices for Companies
13. Germany Chocolate Market Company Analysis
13.1 Company 1
13.2 Company 2
13.3 Company 3
13.4 Company 4
13.5 Company 5
13.6 Company 6
13.7 Company 7
13.8 Company 8
13.9 Company 9
13.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2019-2024 ($M)1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 White Chocolate Market 2019-2024 ($M)
1.1.2 Dark Chocolate Market 2019-2024 ($M)
1.2 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
1.2.2 Convenience stores Market 2019-2024 ($M)
1.2.3 Specialist Retailers Market 2019-2024 ($M)
1.2.4 Online Channels Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 White Chocolate Market 2019-2024 (Volume/Units)
3.1.2 Dark Chocolate Market 2019-2024 (Volume/Units)
3.2 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Supermarkets/Hypermarkets Market 2019-2024 (Volume/Units)
3.2.2 Convenience stores Market 2019-2024 (Volume/Units)
3.2.3 Specialist Retailers Market 2019-2024 (Volume/Units)
3.2.4 Online Channels Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 White Chocolate Market 2019-2024 ($M)
5.1.2 Dark Chocolate Market 2019-2024 ($M)
5.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
5.2.2 Convenience stores Market 2019-2024 ($M)
5.2.3 Specialist Retailers Market 2019-2024 ($M)
5.2.4 Online Channels Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 White Chocolate Market 2019-2024 ($M)
7.1.2 Dark Chocolate Market 2019-2024 ($M)
7.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
7.2.2 Convenience stores Market 2019-2024 ($M)
7.2.3 Specialist Retailers Market 2019-2024 ($M)
7.2.4 Online Channels Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 White Chocolate Market 2019-2024 ($M)
9.1.2 Dark Chocolate Market 2019-2024 ($M)
9.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
9.2.2 Convenience stores Market 2019-2024 ($M)
9.2.3 Specialist Retailers Market 2019-2024 ($M)
9.2.4 Online Channels Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 White Chocolate Market 2019-2024 ($M)
11.1.2 Dark Chocolate Market 2019-2024 ($M)
11.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
11.2.2 Convenience stores Market 2019-2024 ($M)
11.2.3 Specialist Retailers Market 2019-2024 ($M)
11.2.4 Online Channels Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 White Chocolate Market 2019-2024 ($M)
13.1.2 Dark Chocolate Market 2019-2024 ($M)
13.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
13.2.2 Convenience stores Market 2019-2024 ($M)
13.2.3 Specialist Retailers Market 2019-2024 ($M)
13.2.4 Online Channels Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Germany Chocolate Market Revenue, 2019-2024 ($M)2.Canada Germany Chocolate Market Revenue, 2019-2024 ($M)
3.Mexico Germany Chocolate Market Revenue, 2019-2024 ($M)
4.Brazil Germany Chocolate Market Revenue, 2019-2024 ($M)
5.Argentina Germany Chocolate Market Revenue, 2019-2024 ($M)
6.Peru Germany Chocolate Market Revenue, 2019-2024 ($M)
7.Colombia Germany Chocolate Market Revenue, 2019-2024 ($M)
8.Chile Germany Chocolate Market Revenue, 2019-2024 ($M)
9.Rest of South America Germany Chocolate Market Revenue, 2019-2024 ($M)
10.UK Germany Chocolate Market Revenue, 2019-2024 ($M)
11.Germany Germany Chocolate Market Revenue, 2019-2024 ($M)
12.France Germany Chocolate Market Revenue, 2019-2024 ($M)
13.Italy Germany Chocolate Market Revenue, 2019-2024 ($M)
14.Spain Germany Chocolate Market Revenue, 2019-2024 ($M)
15.Rest of Europe Germany Chocolate Market Revenue, 2019-2024 ($M)
16.China Germany Chocolate Market Revenue, 2019-2024 ($M)
17.India Germany Chocolate Market Revenue, 2019-2024 ($M)
18.Japan Germany Chocolate Market Revenue, 2019-2024 ($M)
19.South Korea Germany Chocolate Market Revenue, 2019-2024 ($M)
20.South Africa Germany Chocolate Market Revenue, 2019-2024 ($M)
21.North America Germany Chocolate By Application
22.South America Germany Chocolate By Application
23.Europe Germany Chocolate By Application
24.APAC Germany Chocolate By Application
25.MENA Germany Chocolate By Application