Germany Dark Chocolate Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Organic and Conventional), By Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Non-Grocery Retailers, and Others), and Germany Dark Chocolate Market Insights, Industry Trend, Forecasts to 2033.

Industry: Food & Beverages

RELEASE DATE Aug 2024
REPORT ID SI5695
PAGES 185
REPORT FORMAT PathSoft

Germany Dark Chocolate Market Insights Forecasts to 2033

  • The Germany Dark Chocolate Market Size Was valued at USD 3.35 Billion in 2023.
  • The Market Size is Growing at a CAGR of 4.15% from 2023 to 2033
  • The Germany Dark Chocolate Market Size is Expected to Reach USD 5.03 Billion by 2033

 

Germany Dark Chocolate Market

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The Germany Dark Chocolate Market Size is Anticipated to Exceed USD 5.03 Billion by 2033, growing at a CAGR of 4.15% from 2023 to 2033.   

 

Market Overview

Cocoa butter, sweeteners, and solids of cocoa are the only ingredients in dark chocolate. Unsweetened or bitter chocolate is the term for dark chocolate that has not had any extra sugar added to it. Chocolate bars and confections coated with dark chocolate are made, much like with the other two major varieties of chocolate, milk and white. Zinc, iron, and magnesium are among the minerals that are abundant in dark chocolate. It can lower inflammation and lower the risk of heart disease, among other health benefits. Flavanols and polyphenols are among the substances found in dark chocolate that have antioxidant qualities. Free radicals are neutralized and oxidative stress is avoided by antioxidants.

 

Report Coverage

This research report categorizes the market for the Germany dark chocolate market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany dark chocolate market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany dark chocolate market.

 

Germany Dark Chocolate Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 3.35 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :4.15%
2033 Value Projection:USD 5.03 Billion
Historical Data for:2019 - 2022
No. of Pages:185
Tables, Charts & Figures:115
Segments covered:By Product Type, By Distribution Channel
Companies covered:: Ferrero International, August Storck KG., Mars Incorporated., Chocoladefabriken Lindt & Sprüngli AG., Nestlé S.A., The Hershey Company, Mondelez Global LLC, Ritter Sport, Others

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Driving Factors

The majority of imported cocoa beans in Germany are processed locally. With approximately 9.0% of worldwide grinding, Germany ranks fourth in the globe and is the second-largest grinder in Europe behind the Netherlands. The main chocolate production sector in Europe is based in Germany and mostly employs bulk beans. Germany produced 1,182,000 tonnes of chocolate-related goods in 2020 One major reason for Germany's growing output of dark chocolate is its substantial processing capability. Additionally, dark chocolate consumption is influenced by consumer preferences for healthful goods. Higher cocoa content chocolate is thought to be healthier than higher sugar and milk content chocolate. In a similar vein, there is an increasing market for chocolate that is vegan, sugar-free, or reduced in sugar. In Germany, chocolate products that contain ingredients like hemp seeds, matcha, or acai fruit which are thought to be healthy are also gaining popularity.

 

Restraining Factors

 

Caffeine, which is present in dark chocolate, causes dehydration and hurts the digestive system. Furthermore, because dark chocolate contains oxalates, it also raises the risk of kidney stones.

 

Market Segmentation

 

The Germany dark chocolate market share is classified into product type and distribution channel.

 

  • The organic segment is expected to hold a significant market share through the forecast period.

The Germany dark chocolate market is segmented by product type into organic and conventional. Among these, the organic segment is expected to hold a significant market share through the forecast period. The utilization of cacao beans cultivated without the application of artificial pesticides, herbicides, or GM organisms essentially distinguishes organic dark chocolate. This not only satisfies customer demands for health-conscious products but also takes ethical sourcing and sustainability into account.

 

  • The convenience stores segment is expected to dominate the Germany dark chocolate market during the forecast period.

Based on the distribution channel, the Germany dark chocolate market is divided into supermarkets and hypermarkets, convenience stores, non-grocery retailers, and others. Among these, the convenience stores segment is expected to dominate the Germany dark chocolate market during the forecast period. Dark chocolate is primarily distributed through convenience stores, especially for impulsive purchases. With a variety of well-known dark chocolate brands and smaller-sized bars or packets, they provide customers seeking a fast dose of chocolate while they are on the go with increased accessibility and convenience.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany dark chocolate market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

 

List of Key Companies

 

  • Ferrero International
  • August Storck KG.
  • Mars Incorporated.
  • Chocoladefabriken Lindt & Sprüngli AG.
  • Nestlé S.A.
  • The Hershey Company
  • Mondelez Global LLC
  • Ritter Sport
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In October 2022, Ritter Sport UK & IRE, a premium chocolate company with its headquarters in Germany, launched two new 100g flavor bars this fall, one with orange and the other with salted caramel.

 

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Dark Chocolate Market based on the below-mentioned segments:

 

Germany Dark Chocolate Market, By Product Type

  • Organic
  • Conventional

 

Germany Dark Chocolate Market, By Distribution Channel

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Non-Grocery Retailers
  • Others

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