Report: Latin American cocoa market to grow by 4.3% through 2028
Research and Markets report highlights drivers of market growth.
Latin America’s cocoa market is expected to grow by 4.3 percent through 2028, according to a new report by Research and Markets.
The research firm says the growth in Mexico’s cocoa market is driven by a governmental push and sustainability programs by international companies. Research and Markets pointed to the Hershey Company, which has set up the Mexico Cocoa Project, a 10-year plan to re-establish cocoa growing in Southern Mexico.