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Cocoa - Switzerland

Switzerland
  • Revenue, at home (e.g., revenue generated in supermarkets and convenience stores) in the Cocoa market amounts to US$82.50m in 2024.
  • Revenue, out-of-home (e.g., revenue generated in restaurants and bars) amounts to US$79.08m in 2024.
  • Revenue, combined amounts to US$161.60m in 2024.
  • The revenue, at home is expected to grow annually by 4.54% (CAGR 2024-2029).
  • In global comparison, most revenue, at home is generated United States (US$2bn in 2024).
  • In relation to total population figures, the average revenue per capita, at home of US$9.32 are generated in 2024.
  • In the Cocoa market, volume, at home is expected to amount to 5.77m kg by 2024.
  • Volume, out-of-home is expected to amount to 203.30k kg in 2024.
  • Volume, combined is expected to amount to 5.97m kg in 2024.
  • The Cocoa market is expected to show a volume growth, at home of 4.3% in 2025.0.
  • The average volume per person, at home in the Cocoa market is expected to amount to 0.7kg in 2024.

Definition:

The Cocoa market consists of powder and powder mixes for the preparation of cocoa drinks or hot chocolate. It does not include other products based on cocoa (such as chocolate bars) or premade, Ready-to-Drink (RTD) cocoa drinks which are instead aggregated into Non-Carbonated Soft Drinks in the Non-Alcoholic Drinks market.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per kilogram , as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. In the out-of-home market, the price always refers to the price per kilogram of the beverage consumed, regardless of other components in the finished beverage. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

Key players include Nestlé (Nesquik), Baxter, and Bournvita.

In-Scope

  • Cocoa powder, such as Nesquik
  • Drinking chocolate

Out-Of-Scope

  • Other Cocoa products, e.g., chocolate bars
  • Chocolate Drinks (Ready To Drink)
Cocoa: market data & analysis - Cover

Market Insights Report

Cocoa: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Volume

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Price

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Mar 2024

    Sources: Statista Market Insights, Statista Consumer Insights Global

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Analyst Opinion

    Cocoa, or hot chocolate, is the smallest Hot Drinks segment by value and volume. Consumption is concentrated in established chocolate-consuming countries – mostly Western countries. Here, a general trend towards lower sugar consumption as well as a decline in child population have inhibited growth over the review period.

    Methodology

    Data coverage:
    The data encompasses B2C enterprises. Figures are based on private Household spendings on Hot Drinks. At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments.
    In the out-of-home market, the price always refers to the price per kilogram of the beverage consumed, regardless of other components in the finished beverage.

    Modeling approach:
    Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as production data, region, and price level index. This data helps us estimate the market size for each country individually.

    Forecasts:
    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Hot Drinks market with a projected steady growth.

    Additional notes:
    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

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    Cocoa: market data & analysis - BackgroundCocoa: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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