The global chocolate market grew at a CAGR of around 5% during 2014-2019. Looking forward, IMARC Group expects the market to continue its moderate growth during the next five years.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Significant growth in the food and beverage industry is one of the key factors driving the growth of the market. Furthermore, increasing consumer preference for molded chocolates, which typically include the solid shaped or segmented bar/block variants infused with various additional flavors or stuffed with nuts, raisins and other fillings, is also providing a boost to the market growth.
