According to the latest report by IMARC Group, titled “Europe Dark Chocolate Market Size: Industry Trends, Share, Growth, Opportunity, and Forecast 2021-2026”, the Europe dark chocolate market is expected to continue its steady growth during the forecast period (2021-2026).
Industry Definition and Application:
Dark chocolate is produced with high quantities of cocoa solids, cocoa butter, and sugar. It is derived from the cocoa pod, which is dried, fermented, and roasted into cocoa beans. It is a rich source of polyphenols, catechins, and flavanols, which aid in the production of nitric oxide (NO) that helps promote relaxation of the blood vessels, lowers blood pressure, improves blood flow, protects the body from damage caused by free radicals and delays the signs of aging. It is also highly nutritious, enriched with magnesium, copper, iron, fiber and manganese, enhances good cholesterol levels, and improves vision and brain function. In addition, dark chocolate is employed to produce several products, such as candies, baked goods, desserts, beverages, and confectionaries, widely consumed by individuals across the region.
The market is primarily driven by the escalating demand for premium product variants due to the increasing popularity of gifting dark chocolate, which is considered an exotic delicacy across the European region. In addition, the growing expenditure capacities and evolving lifestyles of individuals are accelerating the product adoption rate. Moreover, the emerging trend of healthy indulgence of low-fat and sugar-free dark chocolates owing to the growing awareness among consumers regarding the health benefits of dark chocolate, such as reducing the risk of hypertension and coronary heart diseases, represents another major growth-inducing factor. Besides this, the expanding e-commerce sector due to the increasing sales of dark chocolates through online portals is providing a positive thrust to the market growth. Furthermore, the introduction of gluten-free, organic, and low-calorie dark chocolate products is propelling the market growth.
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Europe Dark Chocolate Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of distribution channel and region.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Non-Grocery Retailers
Breakup by Country:
- United Kingdom
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
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