Exploring the Cocoa and Chocolate Market: Trends, Challenges, and Opportunities
Cocoa and chocolate have been an essential part of human culture and cuisine for centuries, with its popularity continuing to grow over the years. Today, chocolate is one of the most consumed and beloved food items worldwide, with an annual global consumption of over 7.7 million tons. From classic chocolate bars to gourmet truffles, this sweet treat comes in countless varieties, shapes, and sizes.
However,...
Cocoa and Chocolate Market Size, Share, Growth Opportunities, Trends, and Forecast
The global cocoa market is projected to reach USD 26.3 billion by 2027, growing at a CAGR of 4.5% from 2022 to 2027. The global chocolate market is projected to reach USD 160.9 billion by 2027, growing at a CAGR of 4.7% from 2022 to 2027. Increasing sales of chocolate confectionery products to be consumed as comfort food is responsible for making it a regular grocery items in households. Chocolate...
Chocolate Market Booming with Demand from Emerging Markets
The typically sweet chocolate, made out of cocoa beans has varied applications and universal appeal. The hearty flavor and wide range of culinary applications are attracting new investors as well. The growing demand for various types of chocolate is fueling the global chocolate market. Its growing applications as a functional food are also set to create great business prospects for the industry during...