Global Chocolate Market Overview
Market Overview
The global chocolate market reached $
in 2019, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.
In value terms, chocolate production totaled $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by % year-to-year. Global production peaked in 2019 and is expected to retain growth in the near future.
China ( tonnes) constituted the country with the largest volume of chocolate production, comprising approx. % of total volume. Moreover, chocolate production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), threefold. The third position in this ranking was occupied by Germany ( tonnes), with a % share.
From 2007 to 2019, the average annual growth rate of volume in China totaled +%. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (+% per year) and Germany (+% per year).
in 2019, almost unchanged from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.In value terms, chocolate production totaled $
in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the production volume increased by % year-to-year. Global production peaked in 2019 and is expected to retain growth in the near future.China (
tonnes) constituted the country with the largest volume of chocolate production, comprising approx. % of total volume. Moreover, chocolate production in China exceeded the figures recorded by the second-largest producer, the U.S. ( tonnes), threefold. The third position in this ranking was occupied by Germany ( tonnes), with a % share.From 2007 to 2019, the average annual growth rate of volume in China totaled +
%. The remaining producing countries recorded the following average annual rates of production growth: the U.S. (+% per year) and Germany (+% per year).Consumption
In 2019, the amount of chocolate and cocoa products consumed worldwide rose slightly to tonnes, growing by % compared with the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of % against the previous year. Global consumption peaked in 2019 and is likely to see gradual growth in the near future.
The global chocolate market revenue stood at $ in 2019, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by % against the previous year. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.
tonnes, growing by % compared with the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of % against the previous year. Global consumption peaked in 2019 and is likely to see gradual growth in the near future.The global chocolate market revenue stood at $
in 2019, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008 when the market value increased by % against the previous year. Global consumption peaked in 2019 and is likely to see steady growth in the immediate term.Consumption By Country
China ( tonnes) constituted the country with the largest volume of chocolate consumption, comprising approx. % of total volume. Moreover, chocolate consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. ( tonnes), threefold. Indonesia ( tonnes) ranked third in terms of total consumption with a % share.
In China, chocolate consumption expanded at an average annual rate of +% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+% per year) and Indonesia (+% per year).
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by the U.S. ($). It was followed by Germany.
In China, the chocolate market increased at an average annual rate of +% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of market growth: the U.S. (+% per year) and Germany (+% per year).
The countries with the highest levels of chocolate per capita consumption in 2019 were Germany ( kg per person), South Korea ( kg per person) and France ( kg per person).
From 2007 to 2019, the most notable rate of growth in terms of chocolate per capita consumption, amongst the main consuming countries, was attained by Turkey, while chocolate per capita consumption for the other global leaders experienced more modest paces of growth.
tonnes) constituted the country with the largest volume of chocolate consumption, comprising approx. % of total volume. Moreover, chocolate consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. ( tonnes), threefold. Indonesia ( tonnes) ranked third in terms of total consumption with a % share.In China, chocolate consumption expanded at an average annual rate of +
% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of consumption growth: the U.S. (+% per year) and Indonesia (+% per year).In value terms, China ($
) led the market, alone. The second position in the ranking was occupied by the U.S. ($). It was followed by Germany.In China, the chocolate market increased at an average annual rate of +
% over the period from 2007-2019. The remaining consuming countries recorded the following average annual rates of market growth: the U.S. (+% per year) and Germany (+% per year).The countries with the highest levels of chocolate per capita consumption in 2019 were Germany (
kg per person), South Korea ( kg per person) and France ( kg per person).From 2007 to 2019, the most notable rate of growth in terms of chocolate per capita consumption, amongst the main consuming countries, was attained by Turkey, while chocolate per capita consumption for the other global leaders experienced more modest paces of growth.
Market Forecast
The chocolate market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eleven-year period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the eleven-year period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
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