The chocolate market is expected to grow from $48.29 billion (€44.38 billion) in 2022 to $67.88 billion by 2029, at a CAGR of 4.98%, according to the latest research from Fortunebusinessinsights.com .
“The market is showing incremental growth due to the strong growth trajectory of the global chocolate confectionery industry. The global share of origin of milled goods increased significantly, increasing overall consumption of cocoa-based raw materials. New product developments in various food industry sectors are also driving the growth of the cocoa and chocolate market.
“Chocolate continues to be the dominant flavor in beverage, bakery and confectionery product launches.It is also one of the widely used ingredients in the confectionery and beverage sector. will drive market growth in the foreseeable future‘ said the report.
History of World Chocolate Day
Chocolate is made from the seeds of the Theobroma cacao tree, which has a long history of cultivation in Mexico, Central America and northern South America. World Chocolate Day, established in 2009, celebrates the anniversary of the introduction of chocolate to Europe in 1550. It’s a day when candy stores and local suppliers around the world offer the best chocolate treats for people of all ages to enjoy.
Despite being popular and profitable for big chocolate companies and suppliers, the industry is still ravaged by sustainability issues in the supply chain, particularly child labor and deforestation concerns.
Premium eco brand Endangered Species Chocolate (ESC) has been at the forefront of sustainability chocolate for the past 30 years.Impact is rooted in seeing the success of others and empowering organizations to protect our species, habitats and humanity.
“While making delicious chocolate, we have donated over $3,100,000 since 2016. Doing good for others is what drives us. It is the wish of the company and is creating positive ripple effects.“
According to ESC, 10% of annual net profits are donated to influential organizations, and all of the company’s products are made with only a handful of health-conscious, high-quality ingredients, and contain no artificial fragrances or mysteries. ingredients are not included.
On World Chocolate Day, the company emphasized sustainable premium products for consumers looking for healthier, more conscientious indulgence.
- Grab & Go Raspberry Filling + 60% Dark Chocolate ($1.99) – Silky raspberry filling pairs perfectly with our popular rich 60% dark chocolate. The use of vegan fillings allows for a luxurious yet guilt-free chocolate experience.
- Hazelnut Toffee + 72% Dark Chocolate ($3.49) – Rich, dark and decadent, this chocolate bar combines a dash of toffee made from premium hazelnuts to bring you the best real cacao flavor.
- Forest Mint + 72% Dark Chocolate ($3.49) – Dark and decadent with a hint of fresh forest mint, this bar offers a bright, lively twist on the bold cacao flavor you crave.
- Espresso Beans + 72% Dark Chocolate ($3.49) – Decadently dark and subtly sweet, this bar is the perfect combination of real dark chocolate and bold espresso made from US-roasted, fair-trade coffee beans. Brings Every bite is a delicious and refreshing experience.
UK consumers are in a fuss
According to a UK consumer survey released on World Chocolate Day by global chocolate brand Ritter Sports, an average of 1 in 4 people living in Edinburgh, Leeds, London and Manchester are addicted to chocolate, with chocolate as an edible body paint. It became clear that he thought he would use the On the other hand, 1 in 5 of her would like to take a chocolate bath.
Commenting on these quirky habits of chocolate-loving city dwellers, Josephine Skinner, Senior Brand Manager, Ritter Sport UK, said:I am delighted to discover that people across the UK are embracing their fun-loving and adventurous side. Additionally, our survey confirmed that they love chocolate, including nut chocolate. So for World Chocolate Day, which celebrates the arrival of chocolate in Europe, what better way to celebrate the city’s love of chocolate than by sampling dozens and thousands of richer Ritter Sport Nut chocolates. Isn’t there?”
Ritter Sport is giving away thousands of free nut chocolate bars to people in Edinburgh, Leeds, London and Manchester as part of a fun and vibrant nationwide sampling campaign to fend off hordes of nut-loving squirrels. took advantage of this consumer trend.
“The news that thousands of nut chocolate bars were being given away for free caught the eye of some cheeky red squirrels, and rumors spread that they were going to collect and track our nut chocolate bars. ” skinner says. “It was a high energy, fun and attention-grabbing sampling as the squirrels danced and jumped around trying to put their feet in the nut chocolate bar.
“What better way to have one of the world’s leading chocolate brands join us in celebrating World Chocolate Day!”