As a general rule, the total value of the global chocolate market is on the close order of ten…

As a general rule, the total value of the global chocolate market is on the close order of ten times that of the value of the cocoa market itself.

For example, the value of the chocolate market was estimated at US$75 billion (figure cited by Paul Davis, Federation of Cocoa Commerce Dinner, May 2009 [Ryan, 2011]) in 2008 at a time when cocoa bean exports were worth US$7.6 billion. The total value of the global chocolate market was estimated at US$83 billion in 2010 and is forecasted to grow to US$98.3 billion by 2016 (MarketsandMarkets, 2013).

Source: International Institute for Sustainable Development (2014).