The global chocolate market is projected to reach $160.9 billion by 2027, according to a new report from MarketsandMarkets.
The research firm noted the global chocolate market is expected to grow at a compound annual growth rate (CAGR) of 4.7 percent over the next six years. Meanwhile, the global cocoa market is projected to reach $26.3 billion by 2027, growing at a CAGR of 4.5 percent.