Growing Global Retail Sector To Propel Compound Chocolate Market

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London — The global compound chocolate market is anticipated to increase 5 percent, compounded annually, by 2023, according to Technavio.

The market research company reports exponential growth of the global retail sector is one factor priming the market for growth.

While Europe and North America led the market during 2018, Asia Pacific is expected to register the highest incremental growth because of the rising popularity of chocolates in the region.

While sales for compound chocolate are expected to grow, consumer interest in premium products has the potential to hinder the compound market, Technavio reports.