Growing Cocoa Market Demand for chocolate confectionery products from millennials and younger consumers is a major factor propelling the cocoa market. The rising popularity of newer chocolate variants such as chocolate drinks, spreads, bakery products and desserts is also fueling market growth.
Key players in the cocoa market are expanding their global footprint by entering emerging markets in Asia Pacific, Latin America, Eastern Europe, and Africa. Countries such as China, India, Brazil and Indonesia offer lucrative opportunities for cocoa producers due to a rising middle class population and changing consumption patterns.
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