Europe Hot Chocolate Market Size & Outlook, 2019-2027

The hot chocolate market in Europe is expected to reach a projected revenue of US$ 800.8 million by 2027. A compound annual growth rate of 2.6% is expected of Europe hot chocolate market from 2020 to 2027.
Revenue, 2019 (US$M)
$654.2
Forecast, 2027 (US$M)
$800.8
CAGR, 2020 - 2027
2.6%
Report Coverage
Europe

Europe hot chocolate market highlights

  • The Europe hot chocolate market generated a revenue of USD 654.2 million in 2019.
  • The market is expected to grow at a CAGR of 2.6% from 2020 to 2027.
  • In terms of segment, offline was the largest revenue generating distribution channel in 2019.
  • Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
  • Country-wise, UK is expected to register the highest CAGR from 2020 to 2027.


Europe data book summary

Market revenue in 2019USD 654.2 million
Market revenue in 2027USD 800.8 million
Growth rate2.6% (CAGR from 2019 to 2027)
Largest segmentOffline
Fastest growing segmentOnline
Historical data covered2016 - 2018
Base year for estimation2019
Forecast period covered2020 - 2027
Quantitative unitsRevenue in USD million
Market segmentationOffline, Online
Key market players worldwideNestle SA, Mondelez International Inc Class A, The Hershey Company, Mars Group Holdings Corp, Chocoladefabriken Lindt & Spruengli AG, Associated British Foods PLC, Xucker, Cocosutra, Haribo, Valrhona, Twinings


Other key industry trends

  • In terms of revenue, Europe region accounted for 20.2% of the global hot chocolate market in 2019.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
  • MEA is the fastest growing regional market and is projected to reach USD 511.6 million by 2027.

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Hot Chocolate Market Scope

Hot Chocolate Market Companies

Name Profile # Employees HQ Website

Europe hot chocolate market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hot chocolate market will help companies and investors design strategic landscapes.


Offline was the largest segment with a revenue share of 93.87% in 2019. Horizon Databook has segmented the Europe hot chocolate market based on offline, online covering the revenue growth of each sub-segment from 2016 to 2027.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe hot chocolate market, including forecasts for subscribers. This continent databook contains high-level insights into Europe hot chocolate market from 2016 to 2027, including revenue numbers, major trends, and company profiles.

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Europe hot chocolate market size, by country, 2016-2027 (US$M)

Europe Hot Chocolate Market Share, 2019 & 2027 (US$M)

Europe hot chocolate market size, by country, 2016-2027 (US$M)

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