Global Chocolate Market is estimated to be US$ 71.10 billion by 2030 with a CAGR of 5% during the fo

Abhi795430 May, 2022Business

Global Chocolate Market accounted for US$ 43.62 billion in 2020 and is estimated to be US$ 71.10 billion by 2030 and is anticipated to register a CAGR of 5%. Chocolate is a liquid, solid, or paste formed from roasted and powdered cacao pods that can be consumed on its own or used as a flavouring element in other meals. Cacao has been consumed in some form since the Olmec culture (19th-11th century BCE), and chocolate beverages were prepared by the majority of Mesoamerican peoples, including the Maya and Aztecs. To create the flavour, the cocoa tree's seeds must be fermented. The beans are dried, cleaned, and roasted once they have finished fermenting. The shell is removed to yield cocoa nibs, which are subsequently processed into cocoa mass, or raw chocolate.