Cocoa & Chocolate Market - Forecast(2021 - 2026)
Global Cocoa & Chocolate Market Overview Cocoa and chocolate add taste, flavor and texture to food. Cocoa beans are the fermented seeds of the cocoa tree. Commercial chocolate and its products contain high amounts of sugar, fat and additives, which are far from being healthy. Cocoa liquor, cocoa butter, and cocoa powders are the cocoa products in the market, whereas chocolate products are presented in the form of dark, white, milk, filled chocolates. Cocoa and chocolate products have applications in the confectionery, food & beverage, cosmetics, pharmaceutical, and other industries. The global Cocoa & Chocolate market generated revenue of $49,757m in 2017 and is estimated to surpass $61,602.9m by 2022, growing at a CAGR of 4.4%. The market is majorly driven by the rising consumer awareness about the health benefits of cocoa. The increasing demand for chocolate across the globe among all age groups has also driven the market. Global Cocoa & Chocolate Market Outlook Coco...