Cocoa Market 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. Growing applications of cocoa across thriving confectionery industry is a key factor driving the global cocoa market …
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Cocoa Market Set to Grow at 4.7% Annually, Forecasting a Market Worth USD 23,981.1 Million by 2033
The cocoa market plays a significant role in the global economy, as chocolate remains one of the most popular and widely consumed food products worldwide. The market encompasses various stakeholders, including cocoa farmers, traders, processors, manufacturers, and consumers. Several factors influence the cocoa market, including weather conditions, disease outbreaks, political instability in producing countries, and …