Global Industrial Chocolate Market to Reach $77.4 Billion by 2030. In the changed post-COVID-19 business landscape, the global market for Industrial Chocolate estimated at US$54.7 Billion in the year 2022, is projected to reach a revised size of US$77.4 Billion by 2030, growing at aCAGR of 4.4% over the period 2022-2030.
Confectionery, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$22.1 Billion by the end of the analysis period. Considering the ongoing post-pandemic recovery, growth in the Biscuits & Bakery Products segment is readjusted to a revised 4.3% CAGR for the next 8-year period.
The Industrial Chocolate market in the U.S. is estimated at US$12.3 Billion in the year 2022. China, the world`s second-largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2030 trailing a CAGR of 6.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
GLOBAL MARKET PERSPECTIVE:
World Recent Past, Current & Future Analysis for
Industrial Chocolate by Geographic Region - USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets - Independent Analysis of Annual Sales in US$
Million for Years 2022 through 2027 and % CAGR
World Historic Review for Industrial Chocolate by
Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2021 and % CAGR
Source: https://www.globenewswire.com/
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