Global Chocolate Market
Market Overview
In 
, after four years of growth, there was decline in the global chocolate market, when its value decreased by -% to $. The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level at $ in , and then reduced modestly in the following year.
In value terms, chocolate production declined modestly to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, global production reached the maximum level at $ in , and then shrank in the following year.
The countries with the highest volumes of production in were China ( tons), the United States ( tons) and Germany ( tons), with a combined % share of global production. Pakistan, Russia, Bangladesh, Indonesia, Nigeria, Brazil, Italy, Mexico, Canada and Ethiopia lagged somewhat behind, together accounting for a further %.
From 2007 to, the biggest increases were in Nigeria (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.
, after four years of growth, there was decline in the global chocolate market, when its value decreased by -% to $. The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level at $ in , and then reduced modestly in the following year.In value terms, chocolate production declined modestly to $
in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, global production reached the maximum level at $ in , and then shrank in the following year.The countries with the highest volumes of production in
were China ( tons), the United States ( tons) and Germany ( tons), with a combined % share of global production. Pakistan, Russia, Bangladesh, Indonesia, Nigeria, Brazil, Italy, Mexico, Canada and Ethiopia lagged somewhat behind, together accounting for a further %.From 2007 to
, the biggest increases were in Nigeria (with a CAGR of +%), while production for the other global leaders experienced more modest paces of growth.Consumption
In , after twelve years of growth, there was decline in consumption of chocolate and cocoa products, when its volume decreased by -% to tons. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, global consumption attained the peak volume at tons in , and then declined modestly in the following year.
The global chocolate market value reduced to $ in , falling 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 +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $ in , and then contracted in the following year.
, after twelve years of growth, there was decline in consumption of chocolate and cocoa products, when its volume decreased by -% to tons. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Over the period under review, global consumption attained the peak volume at tons in , and then declined modestly in the following year.The global chocolate market value reduced to $
in , falling 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 +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $ in , and then contracted in the following year.Consumption by Country
The countries with the highest volumes of consumption in were China ( tons), the United States ( tons) and Pakistan ( tons), with a combined % share of global consumption. These countries were followed by Germany, Bangladesh, Indonesia, Russia, Nigeria, Brazil, the UK, Ethiopia, France and South Korea, which together accounted for a further %.
From 2007 to, the biggest increases were in Nigeria (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the largest chocolate markets worldwide were China ($), Nigeria ($) and the United States ($), together comprising % of the global market.
Nigeria, with a CAGR of +%, recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of chocolate per capita consumption in were Germany ( kg per person), South Korea ( kg per person) and the United States ( kg per person).
From 2007 to, the biggest increases were in Nigeria (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
were China ( tons), the United States ( tons) and Pakistan ( tons), with a combined % share of global consumption. These countries were followed by Germany, Bangladesh, Indonesia, Russia, Nigeria, Brazil, the UK, Ethiopia, France and South Korea, which together accounted for a further %.From 2007 to
, the biggest increases were in Nigeria (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.In value terms, the largest chocolate markets worldwide were China ($
), Nigeria ($) and the United States ($), together comprising % of the global market.Nigeria, with a CAGR of +
%, recorded the highest growth rate of market size, in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.The countries with the highest levels of chocolate per capita consumption in
were Germany ( kg per person), South Korea ( kg per person) and the United States ( kg per person).From 2007 to
, the biggest increases were in Nigeria (with a CAGR of +%), while 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 to , which is projected to bring the market volume to tons by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .
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