Insights into the Projected Growth of Cocoa and Chocolate Markets
Wednesday, 17 July 2024, 08:00
Overview:
The global cocoa and chocolate markets are set to experience significant growth in the coming years.
Market Size and Projections:
The cocoa market is estimated to reach $26.3 Billion by 2027 with a CAGR of 4.5%, while the chocolate market is forecasted to hit $160.9 Billion by 2027 with a CAGR of 4.7%.
Importance of Cocoa Beans:
Cocoa beans play a crucial role in the production of cocoa butter and cocoa solids, driving the growth of these markets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.