The Spanish chocolate industry has grown 5% annually in the last three years

Published 2021년 9월 13일

Tridge summary

The cocoa and chocolate industry has seen a steady annual growth of over 5% in the past three years, with the Spanish sector leading the way, contributing 27.6% to the overall value in the sweet industry. Despite a 9.4% drop in foreign turnover in 2020 due to the pandemic, domestic market growth was notable, increasing by 12%. The industry has seen a shift in consumer preferences towards tablets and spreads, and has made significant product redesigns in response to sustainability commitments. The sector also saw an increase in direct jobs, with a 1.3% growth in 2020, and a significant portion of these jobs are held by women. The United States emerged as a top destination for chocolate and cocoa exports in 2020.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cocoa and chocolate industry is experiencing a sweet moment, never better said. In the last three years, it has increased its turnover at an annual rate of more than 5%. This is one of the data provided by the Spanish Sweet Association (Produlce) on the occasion of the celebration, this Monday, September 13, of International Chocolate Day. Through its Barometer of the Cocoa and Chocolate Industry, the entity offers the following keys to understand the status of the category. 1.- The Spanish cocoa and chocolate industry is the first contributor by production value of the sweet sector (27.6%), which means that it generates more than 1 of 4 euros invoiced by the industry. 2.- More than 7 out of every 10 euros generated by the market for cocoa and chocolate products (73.5%) are produced by the national industry. Covid-19 has redesigned the national and international market, and has increased the consumption of products such as tablets and spreads to the detriment of products ...

Source: Food Retail