Period 2007-2018
Global Chocolate Market Overview |
Market Overview
The global chocolate market revenue amounted to $
in 2018, surging by % against 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 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. Over the period under review, the global chocolate market reached its peak figure level in 2018 and is expected to retain its growth in the near future.
In value terms, chocolate production stood at $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2008 when production volume increased by % year-to-year. Over the period under review, global chocolate production reached its peak figure level in 2018 and is likely to continue its growth in the near future.
The countries with the highest volumes of chocolate production in 2018 were China ( tonnes), the U.S. ( tonnes) and Germany ( tonnes), with a combined % share of global production. Russia, Italy, Indonesia, Brazil, Mexico, Pakistan, Bangladesh, France and the UK lagged somewhat behind, together accounting for a further %.
From 2007 to 2018, the most notable rate of growth in terms of chocolate production, amongst the main producing countries, was attained by Italy, while chocolate production for the other global leaders experienced more modest paces of growth.
in 2018, surging by % against 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 2018; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 with an increase of % against the previous year. Over the period under review, the global chocolate market reached its peak figure level in 2018 and is expected to retain its growth in the near future.In value terms, chocolate production stood at $
in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2008 when production volume increased by % year-to-year. Over the period under review, global chocolate production reached its peak figure level in 2018 and is likely to continue its growth in the near future.The countries with the highest volumes of chocolate production in 2018 were China (
tonnes), the U.S. ( tonnes) and Germany ( tonnes), with a combined % share of global production. Russia, Italy, Indonesia, Brazil, Mexico, Pakistan, Bangladesh, France and the UK lagged somewhat behind, together accounting for a further %.From 2007 to 2018, the most notable rate of growth in terms of chocolate production, amongst the main producing countries, was attained by Italy, while chocolate production for the other global leaders experienced more modest paces of growth.
Consumption
In 2018, approx. tonnes of chocolate and cocoa products were consumed worldwide; growing by % against the previous year. Over the period under review, chocolate consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when consumption volume increased by % y-o-y. Over the period under review, the global chocolate consumption hit record highs in 2018 and is expected to retain its growth in the immediate term.
The global chocolate market revenue amounted to $ in 2018, rising by % against 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 2018; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. Over the period under review, the global chocolate market hit record highs in 2018 and is likely to see steady growth in the immediate term.
tonnes of chocolate and cocoa products were consumed worldwide; growing by % against the previous year. Over the period under review, chocolate consumption continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 when consumption volume increased by % y-o-y. Over the period under review, the global chocolate consumption hit record highs in 2018 and is expected to retain its growth in the immediate term.The global chocolate market revenue amounted to $
in 2018, rising by % against 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 2018; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the market value increased by % year-to-year. Over the period under review, the global chocolate market hit record highs in 2018 and is likely to see steady growth in the immediate term.Consumption By Country
The countries with the highest volumes of chocolate consumption in 2018 were China ( tonnes), the U.S. ( tonnes) and Germany ( tonnes), with a combined % share of global consumption. Russia, Indonesia, Brazil, Italy, France, Pakistan, the UK, Mexico and Bangladesh lagged somewhat behind, together comprising a further %.
From 2007 to 2018, the most notable rate of growth in terms of chocolate consumption, amongst the main consuming countries, was attained by Italy, while chocolate consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($), the U.S. ($) and Germany ($) appeared to be the countries with the highest levels of market value in 2018, together accounting for % of the global market. Italy, Indonesia, France, the UK, Russia, Pakistan, Bangladesh, Brazil and Mexico lagged somewhat behind, together comprising a further %.
Indonesia experienced the highest growth rate of market size, among the main consuming countries over the period under review, while chocolate market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of chocolate per capita consumption in 2018 were Germany ( kg per person), Italy ( kg per person) and France ( kg per person).
From 2007 to 2018, the most notable rate of growth in terms of chocolate per capita consumption, amongst the main consuming countries, was attained by Italy, while chocolate per capita consumption for the other global leaders experienced more modest paces of growth.
tonnes), the U.S. ( tonnes) and Germany ( tonnes), with a combined % share of global consumption. Russia, Indonesia, Brazil, Italy, France, Pakistan, the UK, Mexico and Bangladesh lagged somewhat behind, together comprising a further %.From 2007 to 2018, the most notable rate of growth in terms of chocolate consumption, amongst the main consuming countries, was attained by Italy, while chocolate consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($
), the U.S. ($) and Germany ($) appeared to be the countries with the highest levels of market value in 2018, together accounting for % of the global market. Italy, Indonesia, France, the UK, Russia, Pakistan, Bangladesh, Brazil and Mexico lagged somewhat behind, together comprising a further %.Indonesia experienced the highest growth rate of market size, among the main consuming countries over the period under review, while chocolate market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of chocolate per capita consumption in 2018 were Germany (
kg per person), Italy ( kg per person) and France ( kg per person).From 2007 to 2018, the most notable rate of growth in terms of chocolate per capita consumption, amongst the main consuming countries, was attained by Italy, while chocolate per capita consumption for the other global leaders experienced more modest paces of growth.
Market Forecast
Driven by increasing demand for chocolate worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2018 to , which is projected to bring the market volume to tonnes by the end of .
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