World Chocolate, Cocoa and Sugar Confectionery Market To Grow 2.3% Annually From 2015 To 2019

Date: 2015-06-15

Global demand for chocolate, cocoa and sugar confectionery is forecast to expand 2.3% p.a. between 2015 and 2019. China, Germany, Japan, Senegal and the United States are considered the highest potential markets in the coming years. 

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global chocolate, cocoa and sugar confectionery industry is forecast to reach 2.3% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.2%. Currently, chocolate bars, blocks and slabs account for 15.4% of the global demand while the remaining market share is divided between cocoa fat, oil and butter (12.2%), cocoa powder (5.9%), cocoa paste (4.5%), chewing gum (2.4%), fruits, vegetables, nuts and fruit-peels preserved by sugar (2.1%) and other chocolate, cocoa and sugar confectionery (57.6%).
China, Germany, Japan, the United Kingdom and the United States represent the largest chocolate, cocoa and sugar confectionery markets while the strongest annual growth is forecast to occur in Senegal (12.2%), Panama (10.7%), Philippines (10.0%), Egypt (8.8%) and Jordan (8.8%).

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