The Cocoa Market is projected to reach USD 26.3 billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The 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 is considered a traditional gift on special occasions and festivals such as Christmas, Easter, Halloween, and Valen... moreThe Cocoa Market is projected to reach USD 26.3 billion by 2027 growing at a CAGR of 4.5% from 2022 to 2027. The 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 is considered a traditional gift on special occasions and festivals such as Christmas, Easter, Halloween, and Valentine’s Day in American and European countries, a trend which is now adopted in some Asian countries such as India, China, and Japan. The seasonal and festive sales of chocolate products highly impact the market as a large portion of chocolate products are consumed in this segment. The Cocoa and chocolate market has been growing in accordance with the rising demand for health benefits of cocoa in chocolate products are the key drivers for the chocolate market. In addition to this, chocolates are being consumed as a premium and comfort food which is a rising trend among consumers, further proliferating the market growth.
