How Much Does chocolate make a year?

According to a chocolate industry analysis from Grand View Research, an industry study group, global chocolate sales were valued at $130.56 billion in 2019 and are expected to grow at a rate of about 4.6 percent a year for the next few years.

How much chocolate is made yearly?

Worldwide cocoa production



The volume of cocoa produced worldwide amounts to 4.7 million tons annually.

How much money is in the chocolate industry?

The global chocolate market size was valued at USD 130.56 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from .

How much is chocolate worth?

KEY MARKET INSIGHTS



The global cocoa and chocolate market size was valued at USD 46.61 billion in 2021. The market is projected to grow from USD 48.29 billion in 2022 to USD 67.88 billion by 2029, exhibiting a CAGR of 4.98% during the forecast period.

How much is spent on chocolate each year?

Consumers spend more than $7 billion a year on chocolate. US consumers eat 2.8 billion pounds of chocolate annually, representing nearly half of the world’s supply. Most Americans prefer milk chocolate, approximately 92 percent, but dark chocolate’s popularity is growing rapidly.

Which country eats the most chocolate?

The largest chocolate consumers in the world are the Germans with a per capita consumption of 11 kilogrammes per year. Switzerland is ranked as the second-largest with 9.7 kilogrammes per capita, followed by Estonia with 8.8 kilogrammes.

How much does it cost to make 1 pound of chocolate?

Typically you should expect to pay at least $8 per bar for a really good chocolate. Most bars are around 2oz in weight. So if you scale that up to a pound (16oz) you’d multiply by 8 and get about $64 per pound for great chocolate.

Why is chocolate so cheap?

Chocolate is no different. Cheap chocolate brands, making up about 40% of chocolate production worldwide, are so inexpensive because they employ slavery. “Child slavery keeps costs down, which allows major corporations to keep their chocolate cheap,” says an article in Huffington Post.

Where is chocolate sold the most?

Switzerland was the leading country in chocolate consumption per capita in 2017, with citizens eating nearly nine kilos of the sweet stuff in that year. World renowned for the chocolate they produce, it seems the Swiss themselves can’t get enough of the candy.

How much is the chocolate industry worth 2022?

$127.9 billion USD

As of 2022, the global chocolate industry is worth $127.9 billion USD.

How large is the chocolate industry?

According to a chocolate industry analysis from Grand View Research, an industry study group, global chocolate sales were valued at $130.56 billion in 2019 and are expected to grow at a rate of about 4.6 percent a year for the next few years. Projected global sales by 2027 are expected to be about $187 billion.

How big is the cocoa industry?

The global cocoa processing market was valued at about 12.4 billion U.S. dollars in 2020 and is forecasted to reach 14.6 billion dollars by 2027.

How much money is spent on chocolate each year worldwide?

The worldwide consumption of chocolate every year is estimated to be at least 7.2 million metric tons. The net sales of Mars Inc., a leading producer of chocolate productions, is over $17 billion every year. Hershey’s chocolate accounts for another $3.7 billion in sales.

What gender eats the most chocolate?

Women

The US accounts for 20% of the world’s chocolate consumption. It is the world leader at 20.96% of the net cocoa imports. Women prefer to eat chocolate more than men. While preference among women stands at 91%, for men it is 87%.

What age eats the most chocolate?

Chocolate consumption is particularly high among the supposedly more health-conscious generation: the 25 to 34-year-olds. In this age group, a whopping 34% say they eat chocolate every day.