NEWS

The global cocoa and chocolate market is projected to grow from $48.29 billion in 2022 to $67.88 billion by 2029, at a CAGR of 4.98% in forecast period

The cocoa industry is expected to achieve a valuation of US$79 billion by 2032, driven by increasing demand for chocolate products worldwide. This growth is attributed to factors such as rising disposable incomes, changing consumer preferences, and the expansion of the confectionery and bakery industries.

Cocoa bean farmers from Vanuatu are among those meeting the state’s growing force of chocolatiers in Adelaide this week for a series of events that culminates in the first-ever South Pacific cocoa competition winners being revealed.

Did you know that there are 429 chocolate and confectionery manufacturers in Australia as of 2023? We hope that our Australian chocolate consumption statistics will satisfie both your sweet tooth and your intellectual curiosity…

How your favourite treat evolved from ancient traditions to mass production is fascinating.

The cocoa powder market is projected to experience rapid development with a compound annual growth rate (CAGR) of 2.9% by 2032. This growth is attributed to the rising consumption of cocoa powder in various industries, including food and beverage, pharmaceuticals, and cosmetics, driven by its versatile applications and health benefits.

Smallholder cocoa farmers in the Pacific are tapping into the high-end boutique chocolate market with higher-quality cocoa bean processing and production.

Cocoa (Theobroma cacao) is a perennial tree crop that originates from the Amazon rainforest and is predominantly grown in the tropical climates of Africa, Asia and Latin America. Approximately 90% of the world’s cocoa supply is grown by smallholder farmers. Production is usually located in the tropi…