Global Cocoa Market Forecast: Trends and Growth Projections (2023-2033)
According to Future Market Insights (FMI), the global cocoa market is estimated to reach US$ 15,156.7 million in 2023 and further accelerate at 4.7% CAGR throughout the assessment period. By 2033, the market size is set to attain a valuation of US$ 23,981.1 million.
The growing use of cocoa in the rising confectionery industry is a major force driving the global cocoa market ahead. As a result, rising demand for chocolate and chocolate-related items will stimulate cocoa sales over the projection period.
The bulk of cocoa produced worldwide is used in
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