Globally the taste of chocolate has attracted large populations instead of being just a tasty treat for kids. Chocolates are considered the most popular and cherished products consumed by people of any age group. It is observed that people worldwide consume more than 3 billion tons of cocoa beans a year. The factor that also drives the popularity of chocolates is that it provides a sense of calm feeling. The main reason for this is, it releases dopamine, a feel-good neurotransmitter. A stress reducer that also helps in the improvement of the memory. With the increasing popularity of consuming chocolates, its plantations have increased in West Africa & South East Asia. Countries like Ghana, Nigeria, Brazil, Indonesia, etc., account for the world’s largest cocoa supply.
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New York, Dec. 18, 2020 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Opportunities in the Global Confectionery Sector to 2024 - https://www.reportlinker.com/p05998851/?utm source=GNW A total of 109 countries were analyzed based on risk-reward analysis to identify 10 high-potential countries by region. The high-potential countries identified include Indonesia, Vietnam, Saudi Arabia, Canada, The US, Mexico, The Netherlands, Spain, Poland and Russia. Of the top 10 high-potential countries, the US was the leading confectionery market in 2019. Confectionery with health & wellness claims accounted for 16.3% of the overall global sector sales in 2019. The top five companies in the global confectionery sector accounted for 44.9% value share in 2019. The sector is led by Mars Incorporated, which held a share of 13.8%, followed by Mondelez International, Inc, Nestle SA, Ferrero and The Hershey Co, which accounted for shares of 12.6%, 6.8%, 6.2%, and 5.5