How much does the chocolate industry generate per year?
The global chocolate market size was valued at USD 130.56 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027….
| Report Attribute | Details |
|---|---|
| Base year for estimation | 2019 |
| Historical data | 2016 – 2018 |
| Forecast period | 2020 – 2027 |
How much chocolate is consumed yearly?
Americans consume 2.8 billion pounds of chocolate each year, or over 11 pounds per person.
How much chocolate is produced?
The timeline depicts the trend in global cocoa production from 1980/81 to 2019/20 and provides a forecast for 2020/21. According to the report, approximately 3.97 million tons of cocoa was produced worldwide during the crop year 2015/16.
How much is the chocolate industry worth?
The UK chocolate industry is worth £3.96billion (Source: Mintel 2012) and sales of chocolate just keep growing and growing, with an estimated 35% increase in sales over the next five years.
Is chocolate harvested by slaves?
The cocoa they grow and harvest is sold to a majority of chocolate companies, including the largest in the world. In recent years, a handful of organizations and journalists have exposed the widespread use of child labor, and in some cases slavery, on cocoa farms in Western Africa.
Why do cocoa farmers use child laborers?
The regular practice of children working on cocoa farms is often a natural way of life for cocoa farmers who, for a variety of reasons, want to train their children and at the same time use them to reduce labour costs on the family’s farm.
Is chocolate good for Cote d Ivoire?
Chocolate is not good for Côte d’Ivoire because primates and the environment are being harmed, children and adults are working with unsafe materials, and cocoa farmers are not getting enough education.
Is Lindt sustainable chocolate?
Yes. Lindt has committed to sourcing 100% ethical cocoa by 2020 with a focus on traceability. They state that they will partner with organizations such as Source Trust, World Cocoa Foundation, African Cocoa Initiative to achieve this goal. No Lindt products currently source ethical cocoa.
Is Tony’s Chocolate ethical?
The chocolate disruptor brand has been removed from a list of ethical chocolate companies due to ties with ‘Big Cocoa’. Eradicating child labour is also fundamental to disruptor brand Tony’s Chocolonely, which prides itself on producing 100% slave-free chocolate.
How does chocolate harm your body?
Also, chocolate is high in sugar and saturated fat. It is a high-energy (high calorie) food, and too much can result in excess weight, a risk factor for cardiovascular disease.
Is Cadbury ethical?
Cadbury has long been recognised as an ethical company. Adopting a stance that encourages other companies to improve their own ethical standards may well be the most socially responsible thing they have done yet.
What chocolate does not contain palm oil?
These companies produce palm oil free chocolate Divine, Beyond Good, Chocolat Madagascar, Pacari, Moo Free, Booja-Booja, Seed and Bean, Montezuma, Tony’s Chocolonely, Fairafric, Vego, Willies, Ombar, Mia.