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Chocolate Market Size
- Report ID: GMI7029
- Published Date: Oct 2023
- Report Format: PDF
Chocolate Market Size
Chocolate Market size was valued at USD 120.42 billion in 2023 and is estimated to expand at 3.3% CAGR from 2024 to 2032. People of all ages love chocolate because of its special blend of rich flavor and sweetness as well as its ability to increase endorphin production.
Additionally, chocolate's appeal has grown across a variety of events, from everyday enjoyment to gifts and festivities, owing to its adaptability in numerous forms, including bars, truffles, and beverages made with cocoa. Chocolate is a go-to choose for customers seeking moments of delight and emotional gratification, contributing to the global market's continuous demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Chocolate Market Size in 2023: | 120.4 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 3.3% |
| 2032 Value Projection: | 161.8 Billion |
| Historical Data for: | 2018 – 2023 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 240 |
| Segments covered: | type, cocoa content, and distribution channels |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The expansion of the chocolate market is significantly constrained by the fluctuating price of cocoa beans. The cost of producing chocolate is directly impacted by the price volatility of cocoa, which is a key ingredient in making chocolate and is frequently affected by variables including disease outbreaks, weather, and geopolitical difficulties in places where cocoa is grown. These price fluctuations may cause supply chains to become unstable, production costs to rise, and as a result, higher consumer prices.
Frequently Asked Questions (FAQ) :
Chocolate Market Scope
