Cacao: the Mayans and Aztecs believed it was the “food of the gods.” If you start eating it, you may have some trouble stopping. A study by Drexel University concluded that “people experienced psychological reactions while eating chocolate — such as intense pleasure and craving for more — that were similar to reactions caused by some drugs.”
Whether or not you believe it is addictive, the evidence is clear that people will not stop consuming chocolate. In fact, Allied Market Research estimate that worldwide sales for cocoa products are on the rise. Sales of cocoa products are anticipated to reach over $30 billion in 2026. This represents a compound annual growth rate of 3.1 percent. In 2019, this sector generated over $24 billion in sales.
As you could imagine, confections contributed the most towards total revenue and accounted for more than two-fifths of the whole market. Allied Market Research expect this trend to continue through 2026.
Because of this trend, however, it is important to point out that Allied Market Research predicts that the cosmetics containing cacao will see the highest growth rate through 2026, with a CAGR of 4.7 percent.
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