The cocoa market attained a value of around USD 16.86 billion in 2021. The market is further expected to grow at a CAGR of 4.6% in the forecast period of 2022-2027 to reach a value of approximately USD 22.45 billion by 2027

The cocoa and chocolate market size reached USD 46.61 billion in 2021. The market value is anticipated to increase from USD 48.29 billion in 2022 to USD 67.88 billion by 2029 at a CAGR of 4.98% during the forecast duration.