Turkey: The growing chocolate market has become the new favorite of investors

Published Nov 26, 2021

Tridge summary

The article provides an overview of the global chocolate market, which has seen significant growth reaching a value of 140 billion dollars and is projected to surpass 200 billion dollars by 2028, with an annual consumption of over 7 million tons. The majority of the chocolate produced, around 5 million tons, is sourced from West African countries, Ivory Coast and Ghana. The article also touches on the debate around fair trade and the challenges faced by the cocoa industry, including the impacts of Covid-19 and climate change. Chef Jacques Torres discusses how these challenges have presented opportunities for innovation and growth in the chocolate industry, emphasizing the importance of customer connection and adaptation to market changes.

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

Original content

Over 7 million tons of chocolate are consumed worldwide each year. Thanks to this ever-increasing consumption, the chocolate market has reached a value of approximately 140 billion dollars. This data is expected to exceed 200 billion dollars by 2028. At least 5 million tons of chocolate are produced each year, of which 70 percent comes from West African countries, Ivory Coast and Ghana. As human rights activists press big corporations for "fair trade", more and more consumers are choosing to consume ethically sourced chocolate. What about the cocoa market, which is the main ingredient of chocolate? How are chocolate manufacturers tackling major threats like Covid-19 and climate change? World-renowned French chocolate producer chef Jacques Torres shares with us the secret of his success. Stating that Covid-19 and the climate crisis have affected the market but brought new opportunities, Torres said, “There is a lot of discussion about what is going on in the industry today. Yes, ...

Source: Gidatarim