| Product Code: ETC4944166 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The import shipments of chocolate and cocoa products to Cyprus in 2024 continued to be dominated by key exporting countries such as Greece, Belgium, Italy, Bulgaria, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. The impressive Compound Annual Growth Rate (CAGR) of 9.38% from 2020 to 2024 highlights sustained growth in demand for these products. Additionally, the notable growth rate of 16.22% from 2023 to 2024 suggests a potential acceleration in market expansion. Cyprus remains a promising market for chocolate and cocoa product imports with significant opportunities for further growth.

The chocolate and cocoa products market in Cyprus is thriving, fueled by high consumer demand for confectionery items. Chocolate remains a popular treat, with growing interest in premium and organic products. The market is supported by innovations in flavors and healthier formulations to cater to health-conscious consumers.
The Cyprus chocolate and cocoa products market is fueled by the country`s growing consumer preference for confectioneries, particularly among younger demographics. Rising disposable incomes, increased awareness of premium and organic chocolate products, and the expansion of artisanal chocolate production are also boosting the market.
The chocolate and cocoa products market in Cyprus faces challenges due to fluctuating global cocoa prices and changing consumer preferences. The high cost of quality cocoa can affect profitability for local producers, leading to reliance on lower-cost alternatives. Additionally, competition from imported chocolate and confectionery products can pressure local manufacturers to lower prices, potentially impacting product quality. Furthermore, the market must adapt to increasing consumer demand for healthier and sustainable products, requiring innovation and investment in new product lines.
The chocolate and cocoa products market in Cyprus is shaped by government policies that regulate food safety, agricultural imports, and consumer health. The government ensures compliance with EU food regulations on ingredients, quality control, and sustainable sourcing of cocoa.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Chocolate and Cocoa Products Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Chocolate and Cocoa Products Market - Industry Life Cycle |
3.4 Cyprus Chocolate and Cocoa Products Market - Porter's Five Forces |
3.5 Cyprus Chocolate and Cocoa Products Market Revenues & Volume Share, By Cocoa Types, 2021 & 2031F |
3.6 Cyprus Chocolate and Cocoa Products Market Revenues & Volume Share, By Chocolate Type, 2021 & 2031F |
3.7 Cyprus Chocolate and Cocoa Products Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.8 Cyprus Chocolate and Cocoa Products Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Cyprus Chocolate and Cocoa Products Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Chocolate and Cocoa Products Market Trends |
6 Cyprus Chocolate and Cocoa Products Market Segmentations |
6.1 Cyprus Chocolate and Cocoa Products Market, By Cocoa Types |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Butter, 2021-2031F |
6.1.3 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Powder, 2021-2031F |
6.1.4 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Cocoa Liquor, 2021-2031F |
6.2 Cyprus Chocolate and Cocoa Products Market, By Chocolate Type |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Dark Chocolate, 2021-2031F |
6.2.3 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Milk Chocolate, 2021-2031F |
6.2.4 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By White Chocolate, 2021-2031F |
6.2.5 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Filled Chocolate, 2021-2031F |
6.3 Cyprus Chocolate and Cocoa Products Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Confectionery, 2021-2031F |
6.3.3 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.4 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.5 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.4 Cyprus Chocolate and Cocoa Products Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Offline, 2021-2031F |
6.4.3 Cyprus Chocolate and Cocoa Products Market Revenues & Volume, By Online, 2021-2031F |
7 Cyprus Chocolate and Cocoa Products Market Import-Export Trade Statistics |
7.1 Cyprus Chocolate and Cocoa Products Market Export to Major Countries |
7.2 Cyprus Chocolate and Cocoa Products Market Imports from Major Countries |
8 Cyprus Chocolate and Cocoa Products Market Key Performance Indicators |
9 Cyprus Chocolate and Cocoa Products Market - Opportunity Assessment |
9.1 Cyprus Chocolate and Cocoa Products Market Opportunity Assessment, By Cocoa Types, 2021 & 2031F |
9.2 Cyprus Chocolate and Cocoa Products Market Opportunity Assessment, By Chocolate Type, 2021 & 2031F |
9.3 Cyprus Chocolate and Cocoa Products Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.4 Cyprus Chocolate and Cocoa Products Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Cyprus Chocolate and Cocoa Products Market - Competitive Landscape |
10.1 Cyprus Chocolate and Cocoa Products Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Chocolate and Cocoa Products Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |