Key Takeaways
- The global chocolate market size was valued at USD 119.39 billion in 2023 and is projected to reach USD 145.33 billion by 2030, growing at a CAGR of 2.87%.
- In 2023, the U.S. chocolate confectionery market generated revenue of USD 24.5 billion.
- Europe's chocolate market was worth EUR 38.5 billion in 2022.
- World cocoa production reached 5.1 million metric tons in 2022/23 season.
- Côte d'Ivoire produced 2.1 million tonnes of cocoa beans in 2022/23.
- Ghana cocoa output: 810,000 metric tons in 2022/23.
- Per capita chocolate consumption in Switzerland: 11.9 kg/year (2022).
- U.S. per capita chocolate consumption: 5.5 kg in 2022.
- Germany average: 11.6 kg per person annually (2022).
- Global cocoa bean exports from Côte d'Ivoire: 1.8 million tonnes in 2022/23.
- Netherlands cocoa imports: 1.2 million tonnes (2022).
- U.S. cocoa imports value: USD 3.8 billion in 2022.
- Deforestation linked to cocoa: 2.3 million hectares since 1988.
- 30% of cocoa farms in protected areas illegally.
- Child labor on cocoa farms: 1.56 million children (2020).
The global chocolate market is growing and diversifying, led by premium trends and sustainable concerns.
Consumption and Demand
- Per capita chocolate consumption in Switzerland: 11.9 kg/year (2022).
- U.S. per capita chocolate consumption: 5.5 kg in 2022.
- Germany average: 11.6 kg per person annually (2022).
- UK per capita: 8.1 kg in 2022.
- Ireland leads with 11.4 kg per capita chocolate intake (2022).
- Australia: 4.8 kg per person yearly chocolate consumption.
- Sweden: 6 kg per capita (2022).
- Poland chocolate consumption per capita: 4.5 kg (2022).
- Japan: 1.3 kg per capita, lowest among major markets.
- China per capita chocolate consumption: 0.1 kg (2022).
- India: 0.07 kg per person annually.
- Brazil: 2.4 kg per capita (2022).
- 45% of global chocolate consumed as bars.
- 52% of U.S. consumers prefer milk chocolate (2023 survey).
- Dark chocolate consumption up 20% in U.S. since 2015.
- 30% of Europeans consume chocolate daily.
- Holiday season accounts for 40% of annual U.S. chocolate sales.
- Women's chocolate consumption 10% higher than men globally.
- Millennials drive 35% of premium chocolate purchases.
- 65% of consumers seek low-sugar options (2023).
- Plant-based chocolate demand rose 25% in 2022.
- U.S. boxed chocolate sales: $1.2 billion in 2022.
- 70% of chocolate eaten between meals as snacks.
- Gen Z prefers flavored chocolate (45% survey).
- Online chocolate sales grew 15% YoY in 2023.
- 25% increase in at-home chocolate consumption post-COVID.
- Russia per capita: 4.2 kg (2022).
- Canada: 5.9 kg per capita annually.
- France: 8 kg per person (2022).
- 60% of chocolate purchases impulse buys.
- Netherlands: 4.7 kg per capita.
- Belgium: 5.6 kg per capita (2022).
Consumption and Demand Interpretation
Market Size and Revenue
- The global chocolate market size was valued at USD 119.39 billion in 2023 and is projected to reach USD 145.33 billion by 2030, growing at a CAGR of 2.87%.
- In 2023, the U.S. chocolate confectionery market generated revenue of USD 24.5 billion.
- Europe's chocolate market was worth EUR 38.5 billion in 2022.
- The premium chocolate segment is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- Asia-Pacific chocolate market revenue reached USD 20.1 billion in 2023.
- Dark chocolate market size was USD 16.8 billion globally in 2022.
- Organic chocolate market valued at USD 7.5 billion in 2023, projected to USD 12.3 billion by 2030.
- U.S. chocolate sales reached $25.4 billion in 2022.
- German chocolate market revenue: EUR 5.2 billion in 2023.
- Milk chocolate dominates with 55% market share in 2023.
- Global chocolate market CAGR forecasted at 4.1% from 2023-2028.
- UK chocolate confectionery market: GBP 4.8 billion in 2023.
- Brazil chocolate market size: USD 5.6 billion in 2022.
- Vegan chocolate market expected to grow at 10.5% CAGR to 2030.
- India chocolate market revenue: USD 2.1 billion in 2023.
- Luxury chocolate segment valued at USD 32.5 billion in 2023.
- Canada chocolate market: CAD 3.2 billion in 2022.
- Ruby chocolate market projected to reach USD 1.2 billion by 2028.
- Australia chocolate sales: AUD 1.5 billion in 2023.
- Single-origin chocolate market growing at 6.8% CAGR.
- Japan chocolate market: JPY 550 billion in 2023.
- Functional chocolate market size: USD 4.5 billion in 2023.
- France chocolate revenue: EUR 4.1 billion in 2023.
- China chocolate market: USD 8.7 billion in 2023.
- White chocolate market valued at USD 22.4 billion in 2022.
- Global bean-to-bar chocolate market: USD 2.3 billion in 2023.
- Mexico chocolate industry revenue: USD 1.8 billion in 2022.
- Sugar-free chocolate market: USD 3.1 billion in 2023, CAGR 7.2%.
- Switzerland chocolate exports contribute CHF 7.5 billion annually.
- Global craft chocolate market projected at USD 1.1 billion by 2030.
Market Size and Revenue Interpretation
Production and Supply
- World cocoa production reached 5.1 million metric tons in 2022/23 season.
- Côte d'Ivoire produced 2.1 million tonnes of cocoa beans in 2022/23.
- Ghana cocoa output: 810,000 metric tons in 2022/23.
- Indonesia cocoa production: 183,000 tonnes in 2022.
- Ecuador cocoa harvest: 370,000 tonnes in 2023.
- Brazil cocoa production increased to 260,000 tonnes in 2022/23.
- Cameroon produced 300,000 tonnes of cocoa in 2022/23.
- Nigeria cocoa output: 270,000 tonnes annually average.
- Peru cocoa production: 190,000 tonnes in 2023.
- Global cocoa grindings: 4.8 million tonnes in 2022/23.
- Cocoa butter production: 1.7 million tonnes in 2022.
- Cocoa powder output worldwide: 800,000 tonnes in 2023.
- West Africa supplies 70% of global cocoa production.
- Average cocoa farm size in Côte d'Ivoire: 3-5 hectares.
- Yield per hectare in Ghana cocoa farms: 400-500 kg.
- Global cocoa tree population: over 10 million hectares planted.
- Fermentation time for cocoa beans: 5-7 days standard.
- Drying cocoa beans reduces moisture to 6-8%.
- Cocoa pod yield per tree: 20-30 pods annually.
- Number of cocoa farmers worldwide: 5-6 million smallholders.
- Côte d'Ivoire cocoa area: 4.5 million hectares in 2023.
- Ghana cocoa farms cover 1.8 million hectares.
- Fine flavor cocoa production: 5-10% of total global output.
- Cocoa processing capacity in Europe: 2.5 million tonnes/year.
- U.S. cocoa imports: 400,000 tonnes in 2022.
- Chocolate manufacturing uses 50% of world cocoa production.
- Average cocoa bean size: 1-2 grams per fermented bean.
- Global cocoa exports: 4.2 million tonnes in 2022/23.
- Cocoa liquor production: 2.9 million tonnes annually.
Production and Supply Interpretation
Sustainability and Environment
- Deforestation linked to cocoa: 2.3 million hectares since 1988.
- 30% of cocoa farms in protected areas illegally.
- Child labor on cocoa farms: 1.56 million children (2020).
- Living income gap for cocoa farmers: USD 1,410 per tonne shortfall.
- Certified sustainable cocoa: 35% of global production (2023).
- Water usage in chocolate production: 17,196 liters per kg.
- GHG emissions from cocoa: 5.5 kg CO2 per kg chocolate.
- Pesticide use on cocoa farms: 20 kg/ha average in West Africa.
- Women represent 30% of cocoa workforce but own <20% land.
- Cocoa swollen shoot virus affects 20% of Ghana trees.
- Biodiversity loss: 60% decline in pollinators on cocoa farms.
- Fairtrade certified cocoa volume: 200,000 tonnes (2022).
- Carbon footprint of milk chocolate bar (50g): 0.4 kg CO2e.
- 70% of cocoa farmers below poverty line (<USD 1.90/day).
- Agroforestry adoption on 15% of cocoa farms.
- Plastic packaging in chocolate: 40% non-recyclable.
- Energy use in chocolate factories: 1.5 MWh per tonne.
- Soil degradation affects 50% of cocoa lands.
- UTZ certified farms: 800,000 hectares (2022).
- Water pollution from cocoa processing: 10% of BOD load.
- Climate change projected to reduce suitable cocoa land 50% by 2050.
- Hazardous child labor: 152,000 children in cocoa sector.
- Sustainable sourcing commitments: 80% by 2030 from majors.
- Deforestation rate in Ghana cocoa belt: 1.6%/year.
- Organic cocoa production: 1% of total (50,000 tonnes).
- Farmer training programs reached 2 million (2022).
- Waste from cocoa pods: 10-12 million tonnes annually.
Sustainability and Environment Interpretation
Trade and Exports
- Global cocoa bean exports from Côte d'Ivoire: 1.8 million tonnes in 2022/23.
- Netherlands cocoa imports: 1.2 million tonnes (2022).
- U.S. cocoa imports value: USD 3.8 billion in 2022.
- Germany chocolate exports: EUR 4.5 billion annually.
- Malaysia cocoa exports: 400,000 tonnes in 2022.
- Switzerland chocolate exports: CHF 7.2 billion (2022).
- Ghana cocoa export revenue: USD 2.1 billion in 2022/23.
- Belgium chocolate exports: EUR 3.8 billion (2022).
- France cocoa products exports: EUR 2.9 billion.
- U.K. chocolate imports: GBP 2.5 billion value (2022).
- Singapore re-exports 60% of Asian cocoa trade.
- Canada chocolate exports: CAD 1.1 billion (2022).
- Italy chocolate exports: EUR 2.2 billion annually.
- U.S. chocolate exports: USD 1.4 billion in 2022.
- Poland cocoa imports: 250,000 tonnes (2022).
- Australia chocolate imports: AUD 800 million.
- Ecuador fine cocoa exports: 50,000 tonnes (2023).
- Japan chocolate imports: JPY 300 billion value.
- Brazil cocoa exports: USD 500 million (2022).
- Top 10 cocoa exporting countries account for 85% of trade.
- EU imports 70% of world cocoa beans.
- China cocoa imports: 300,000 tonnes (2022).
- Russia chocolate imports value: USD 1.2 billion.
- India cocoa imports: 20,000 tonnes annually.
- Turkey chocolate exports: USD 400 million (2022).
- South Korea imports: 50,000 tonnes cocoa products.
- Global cocoa trade value: USD 10 billion (2022).
- UAE re-exports chocolate worth USD 500 million.
- Mexico chocolate exports grew 10% to USD 150 million.
- 40% of cocoa trade is intra-African.
Trade and Exports Interpretation
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