The chocolate market was impacted by COVID-19 during its onset in 2020. Annual per capita consumption in Switzerland also remained virtually unchanged, at 10.4 kilograms. Chocolate is broadly classified by the amount of cocoa it contains. That’s comparable to the combined size of the economies of the 25 poorest countries in Africa. The best-selling energy drink in the US is undoubtedly Red Bull. Chocolate is considered “dark” if it has more than 60% cocoa. The annual consumption of chocolate per capita increased from 4.6 kg in 1993 to 6.95 kg in 2008, representing an increase of 48 % per person. At the end of 2019, COVID-19 began to erupt in China, Due to the huge decrease of global economy; we forecast the growth rate of global economy will show a decrease of about 4%, due to this reason, Fairtrade Chocolate … Hershey's milk chocolate has approximately 11% cocoa, with a whole lot of milk and sugar added in. The citizens of Switzerland are the largest consumers of chocolate in the world, with each person eating about 8.8 kg of it per year. Objective Studies investigating the impact of chocolate consumption on cardiovascular disease (CVD) have reached inconsistent conclusions. (Statista) #2. While Europe has an estimated 35% market share, chocolate consumption is strong throughout the world, from the U.S. to Brazil to the Asia-Pacific region. The industry is further expected to grow at a CAGR of 5.5% between 2021 and 2026 to reach a value of almost USD … The flavanols in chocolate could have potential benefits. 1. Year over year, the value of exported chocolates decreased by -3.6% from 2019 … The global chocolate market is forecasted to reach USD 139.94 billion by 2024 growing at a CAGR of 4.5% during the forecast period (2019 - 2024). How Much Chocolate Are We Actually Eating? The author of a January 2015 review in Integrated Environmental Assessment and Management noted several negative health effects of chocolate consumption. Chocolate consumption around the world is on the rise, according to Mintel Global New Products Database (GNPD), which found that in the past year alone, Easter chocolate production has … Switzerland also has the highest per capita rate of chocolate consumption in the world, which is nearly 30 pounds per capita every year. The Swiss chocolate industry, as of 2005, produced gross revenues of approximately $14 billion. All this make Switzerland one of the three countries for the best chocolate. The United States cannot compete with Europe in the chocolate consumption league and it comes in ninth overall - the average American eats about 9.5 lbs of chocolate each year. 2. The average per-capita chocolate consumption in Europe reached 5.0 kilogrammes in 2018. Learn more about the industry trends for this category and why you can expect more growth in China and India. Let’s look at chocolate manufacturing and consumption overall. The Chocolate confectionery in Mexico market research report includes: Analysis of key supply-side and demand trends. Worldwide Hazelnut Market Analysis & Projections (2019-2024): In Terms of Consumption, Europe is Expected to Register the Highest CAGR, at 7.6% News provided by Research … The global chocolate market is projected to witness a CAGR of 4.5% during the forecast period (2021 - 2026). Milk chocolate accounts for more than 50% of all chocolate consumption but may contain as little as 10% cocoa. These numbers are generated from data collected through monthly surveys of retail prices that target a representative basket of household consumption … Conclusions: Chocolate consumption may be associated with reduced risk of CVD at <100 g/week consumption. Switzerland 22.36 2. Production of chocolate bites increased by 50% and Chocolate thins by 48% (Source: Mintel) 73% of chocolate consumers in the UK prefer plain chocolate. While chocolate confectionery remains popular in the US with 85% of adults buying chocolate, an intensifying spotlight on health, rising costs, and competing chocolate-flavored offerings across food and drink, strains its hold. ... 2019. The market is showcasing progressive growth owing to the robust growth trajectory of the global chocolate … The fall in consumption of Swiss chocolate in Switzerland declined further, dropping by 3.4%. Hershey’s chocolate accounts for … Chocolate demand Global sales for chocolate exports from all countries totaled US$28.6 billion in 2020. Worldwide Consumption Rates. Chocolate is broadly classified by the amount of cocoa it contains. The chocolate market in the United States is projected to reach US $20.7 billion by 2025 from US $17.6 billion in 2016. Hershey's milk chocolate has approximately 11% cocoa, with a whole lot of milk and sugar added in. Consumption… From 2015 to 2019, the growth rate of global Fairtrade Chocolate market size was in the range of . Norway 17.93 Previous research has shown that habitual chocolate intake is related to cognitive performance and that frequent chocolate consumption is significantly associated with improved memory. Detailed segmentation of international and local products. And, in 2018, retail sales of chocolate products in China amounted to approximately 11.2 billion U.S. dollars. cocoa butter or cocoa powder for producing chocolate, cosmetics and a variety of foodstuffs. Global Chocolate Industry: From Bean to Bar. During a five-year forecast period 2016-2024, the global market for chocolate is expected to witness a robust CAGR. Source: Roy Morgan Single Source (Australia), April 2018 – March 2019 (n= 14,722). A non-linear dose-response (p non-linearity =0.001) indicated that the most appropriate dose of chocolate consumption for reducing risk of CVD was 45 g/week (RR 0.890;95%CI 0.849 to 0.932). (Cision) During the period between 2019 and 2024, the global chocolate market is believed to grow at a CAGR of 4.5%. Important Chocolate Industry Statistics. Cadbury Dairy Milk leads on trust. Jul 2021. Hershey's milk chocolate has approximately 11% cocoa, with a whole lot of milk and sugar added in. The ICCO regularly analyses trends in consumption of the chocolate confectionery market as part of its Quarterly Bulletin of Cocoa Statistics; the latest and past editions of this periodical are available in the Quarterly Bulletin of Cocoa Statistics section. #1. Chocolate is the world's favorite confectionery. Nearly 7.7 million tonnes of chocolate will be consumed worldwide by the end of 2019 (Statista) A quarter of British people between the ages of 25 – 34 eat chocolate daily. Sales of chocolate confectionery in Costa Rica are remaining robust throughout the time of COVID-19, with both 2020 and 2021 showing healthy growth which is only a little lower than seen in the recent review period, pre-pandemic. Click on the country or continent for mapped statistics on average annual chocolate consumption and related nutritional information. The net sales of Mars Inc., a leading producer of chocolate productions, is over $17 billion every year. It was the first recorded case of "Death by Chocolate." It is predicted that the worldwide chocolate market will amount to $139.94 billion by 2024. However, this year’s expected consumption rate is down from 82.1 percent in 2017 and 82.6 percent in 2016. Mintel predicts steady growth through 2019, with the US chocolate market reaching $25 billion. 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