Industry Statistics and Trends
Chocolate & Confectionary Production in Europe key trends
Europe dominates the globe in chocolate production and consumption.
Its famed producers, like those in Belgium and Switzerland, drive sizeable exports while domestic demand sees citizens like Germans leading in world consumption at 11kg annually.
Sustainable cocoa supply chains rise in prominence.
Driven by consumers' demand for ethical and transparent practices, chocolate firms are improving sourcing from certified farms and bolstering transparency across their supply chains.
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Chocolate & Confectionary Production in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Chocolate & Confectionary Production in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated €71.1bn in 2024.
Trends and Insights
Europeans are the biggest chocolate producers and consumers in the world
- Europe is by far the largest producer of chocolate in the World. According to the Centre for the Promotion of Imports, Europe imported 56% of the world’s cocoa beans in 2021 and 76% of global chocolate sales value.
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Chocolate & Confectionary Production in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Heath concerns is a threat to chocolate and sweets consumption
- Growing health consciousness is threatening the consumption of sugary treats like chocolate and sweets.
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Revenue
€71.1bn
Employees
297k
Wages
€X.Xbn
European Leaders & Laggards
Bottom 5 Countries
- Bosnia & Herzegovina -24.3%
- Cyprus -6.3%
- Luxembourg -5.9%
- Portugal -4.1%
- Iceland -2.4%
* CAGR values are for the years 2019-2024.
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Biggest companies in the Chocolate & Confectionary Production in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Ferrero International SA | 15,126.5 | 959.1 | 6.3 | |
Mars Inc | 43,478.0 | 5,967.0 | 13.7 | |
HARIBO GmbH & Co KG | 5,355.0 | 425.1 | 7.9 |
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Chocolate & Confectionary Production in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Chocolate & Confectionary Production industry in Europe in 2024?
The market size of the Chocolate & Confectionary Production industry in Europe is €71.1bn in 2024.
How many businesses are there in the Chocolate & Confectionary Production in Europe industry in 2024?
There are 9,902 businesses in the Chocolate & Confectionary Production industry in Europe, which has grown at a CAGR of 1.4 % between 2019 and 2024.
Has the Chocolate & Confectionary Production industry in Europe grown or declined over the past 5 years?
The market size of the Chocolate & Confectionary Production industry in Europe has been declining at a CAGR of 2.9 % between 2019 and 2024.
What is the forecast growth of the Chocolate & Confectionary Production industry in Europe over the next 5 years?
Over the next five years, the Chocolate & Confectionary Production industry in Europe is expected to grow.
Which countries have the most businesses in the Chocolate & Confectionary Production industry in Europe?
The European country with the most businesses in the Chocolate & Confectionary Production industry is France.
How competitive is the Chocolate & Confectionary Production industry in Europe?
The level of competition is high and steady in the Chocolate & Confectionary Production industry in Europe.
Related Industries
This industry is covered in 37 countries
- Chocolate & Confectionary Production in Austria
- Chocolate & Confectionary Production in France
- Chocolate & Confectionary Production in Lithuania
- Chocolate & Confectionary Production in the Netherlands
- Chocolate & Confectionary Production in Belgium
- Chocolate & Confectionary Production in Italy
- Chocolate & Confectionary Production in Sweden
- Chocolate & Confectionary Production in Cyprus
- Chocolate & Confectionary Production in Latvia
- Chocolate & Confectionary Production in Luxembourg
- Chocolate & Confectionary Production in Russia
- Chocolate & Confectionary Production in Slovakia
- Chocolate & Confectionary Production in Poland
- Chocolate & Confectionary Production in Finland
- Chocolate & Confectionary Production in Croatia
- Chocolate & Confectionary Production in Slovenia
- Chocolate & Confectionary Production in Bulgaria
- Chocolate & Confectionery Production in the UK
- Chocolate & Confectionery Production in Germany
- Chocolate & Confectionery Production in Ireland
- Chocolate & Confectionary Production in Spain
- Chocolate & Confectionary Production in Portugal
- Chocolate & Confectionary Production in Serbia
- Chocolate & Confectionary Production in Czechia
- Chocolate & Confectionary Production in Turkey
- Chocolate & Confectionary Production in Ireland
- Chocolate & Confectionary Production in Estonia
- Chocolate & Confectionary Production in Iceland
- Chocolate & Confectionary Production in Europe
- Chocolate & Confectionary Production in Greece
- Chocolate & Confectionary Production in Romania
- Chocolate & Confectionary Production in Norway
- Chocolate & Confectionary Production in Hungary
- Chocolate & Confectionary Production in the UK
- Chocolate & Confectionary Production in Denmark
- Chocolate & Confectionary Production in Germany
- Chocolate & Confectionary Production in Malta
- Chocolate & Confectionary Production in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
This industry includes the manufacture of cocoa products, sugar confectionery and chewing gum. Cocoa products include chocolate, cocoa butter, cocoa fat and cocoa oil. Sugar confectionery includes caramel, fondant, nougat, lozenges and toffee.
Related Terms
COCOAFAIR TRADEORGANICWhat's included in this industry?
Companies
Ferrero International SAMars IncHARIBO GmbH & Co KGIndustry Code
1073 - Manufacture of cocoa, chocolate and sugar confectionery in Europe
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Performance
Key Takeaways
Europeans are the biggest chocolate producers and consumers in the world
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Chocolate & Confectionary Production in Europe industry (2011 -2029)
- Employees in the Chocolate & Confectionary Production in Europe industry (2011 -2029)
- Business in the Chocolate & Confectionary Production in Europe industry (2011 -2029)
- Profit in the Chocolate & Confectionary Production in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Chocolate & Confectionary Production in Europe industry?
Outlook
Analysis
What's driving the Chocolate & Confectionary Production in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Chocolate & Confectionary Production in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Chocolate & Confectionary Production in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Dark chocolate bars soar in popularity due to the health shift. The rising consumer demand for low-sugar, dairy-free options is prompting major companies to create healthier chocolate products with reduced sugar and increased nutrients.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Chocolate & Confectionary Production in Europe industry's products and services performing?
Analysis
What are innovations in the Chocolate & Confectionary Production in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Chocolate & Confectionary Production in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Price and taste are key components of competition. Outside of the price of the snack, the most important factor in consumers' decisions is the taste of it. Good quality treats will attract more consumers.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Ferrero International SA
- Countries of operation for Mars Inc
- Countries of operation for HARIBO GmbH & Co KG
- Countries of operation for Mondelez International Inc
- Countries of operation for Barry Callebaut AG
- Countries of operation for Chocoladefabriken Lindt & Sprüngli AG
- Countries of operation for Nestlé SA
- Countries of operation for Perfetti Van Melle Group BV
- Countries of operation for August Storck KG
- Countries of operation for Yildiz Holding AS
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
New EU regulation bans cocoa from deforested land. In 2023, the EU passed Regulation (EU) 2023/1115, which bans the use of any products, like cocoa, grown in recently deforested areas.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Chocolate & Confectionary Production in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising ingredient prices burden chocolate manufacturers. Both sugar and cocoa prices have significantly increased over recent years, squeezing profitability and influencing future pricing strategies for confectionery producers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Chocolate & Confectionary Production in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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