Rosselkhozbank expects hot chocolate consumption in Russia to grow by 10-15% in 2025

Published 2024년 12월 24일

Tridge summary

Russia is experiencing a significant growth in the demand for hot chocolate, with market projections estimating a 10-15% increase by 2025, according to Ekaterina Vinokurova, an expert at the Russian Agricultural Bank's Center for Industry Expertise. This surge is largely driven by the introduction of new cocoa products, especially those using organic and special varieties, and Russia has increased its cocoa bean importing countries from 27 to 28. Côte d'Ivoire remains the primary supplier, though Ecuador and Guinea also contribute notably. The taste of the hot chocolate varies depending on the type of cocoa beans, offering Russians nearly three dozen options for unique flavors. Globally, the hot chocolate market has seen a steady annual growth of 5-7% since 2020, with Russia mirroring this trend, particularly during the winter months.

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Original content

There is a high demand for hot chocolate in Russia, and its consumption in 2025 may grow by 10-15%. This was reported to TASS by Ekaterina Vinokurova, an expert at the Center for Industry Expertise (CIE) of the Russian Agricultural Bank. "We see a high demand for hot chocolate in Russia. Market research shows that consumption of this drink may grow by another 10-15%. Drivers may be new products based on cocoa - beans from organic and special varieties, which will attract the attention of consumers. In this regard, Russia has expanded the list of countries from which cocoa beans are supplied. Over the year, this number has grown to 28 countries," Vinokurova said. According to her, the first place in terms of cocoa bean supplies in 2024 is occupied by Côte d'Ivoire with a share of about 60%, which is 26 percentage points less than a year earlier. "This is explained by the expansion of the list of importers and the reorientation of supplies," Vinokurova noted. Ecuador is in second ...

Source: Kvedomosti