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Renubresearch0124 Apr, 2024Business

The global chocolate market had a value of US$ 132.65 Billion in 2023, and it is expected to expand at a CAGR of 4.48% from 2024 to 2032, reaching a worth of US$ 196.79 Billion by 2032. Chocolate is made from cocoa beans, which are roasted, husked, and ground. Cocoa powder, used in baking and beverages, is made by grinding cocoa beans. Dark chocolate consists of cocoa butter, sugar, and 50-90% cocoa solids. On the other hand, milk chocolate consists of milk, butter, sugar, and 10-50% cocoa solids.