Market Data & Overview
Chocolate confectionery is an important and dynamic market, expected to be worth over $128 billion in global retail sales by the end of 2023, with volume growth of 1.9% CAGR over the next 3 years to 20251. In Southeast Asia, revenue in the chocolate confectionery market amounts to US$28.56bn in 2023 and is expected
to value US$41.21bn in 2028. The market is expected to grow annually by 7.61% (CAGR 2023-2028)7.
Source: Statista, 20237
Market Consumer Survey
Chocolate is more than just food. Eating it is a rich, multi-sensorial journey, perfect for those looking for novel, exciting experiences, for seekers of tailor-made treats, and for fans of the finer things in life. Whether it’s a new texture beyond the common crunchy or smooth, a stylish invention, or a new way of consumption, chocolate innovation is sure to pique the senses1.
· New
