Cocoa & Chocolate Market - Global Forecast, 2022 - 2027

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Cocoa & Chocolate Market size is estimated to reach $62.4 billion by 2027, growing at a CAGR of 4.4% during the forecast period 2022-2027. Cocoa seeds can be described as fermented Theobroma cacao seeds commonly used around the world for their extracts.

• Unlike other crops, the cocoa crop is not period or time-bound and can be grown throughout the year.

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Key Takeaways

Geographically, the North America Cocoa & Chocolate Market accounted for the highest revenue share in 2021. The growth is owing to. Furthermore, Asia-Pacific is poised to dominate the market over the period 2022-2027.

Changing tastes & preferences of people, expanding cuisine culture, ameliorating retail infrastructure in developing nations, health benefits associated with moderate consumption of chocolate, soaring disposable income levels, proliferating population

Cocoa & Chocolate Market Segment Analysis-By Nature

The Cocoa & Chocolate Market based on nature can be further segmented into organic and conventional. The conventional segment held the largest share in 2021. Conventional farming prevails around the world because of several advantages associated with it. Owing to less labor requirement and large-scale production in less land area, conventional farming help farmers in reducing their expenses and maximizing revenue; as a result, it always remains the first choice for them.

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Cocoa & Chocolate Market Industry Outlook