Industrial Chocolate Market Has Projected 4.4% Growth Rate

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Dublin — The global industrial chocolate market is poised to increase 4.4 percent by 2022, according to projections from Researchandmarkets.com

Among the biggest trends in the sector is growing support for sustainable cocoa production by industrial suppliers, according to the research company.

Growing consumption of seasonal and premium chocolate during holidays is largely propelling sales projections, as consumers show a willingness to pay higher prices for chocolates given as gifts.

A major factor that could slow the market is uncertainty in the cocoa supply chain, according to Researchandmarkets.com, which cites a host of factors including pests and disease, extreme weather conditions, political instability and civil unrest in growing regions as threats to the supply.