Trick or Treat? 3 Chocolate Stocks to Watch
Long-term investors may want to look at these stocks, which have strong fundamentals, product innovation, and bountiful demand from emerging markets.
Halloween is a time of year when decadent desserts trump calorie counting, and there has been no better time for emotional eating than during the coronavirus pandemic. At least, that's what we tell ourselves, and chocolate is the top "cheat" snack for many people.
No other food item has survived the onslaught of the healthy eating trend quite as well as chocolate. The worldwide chocolate confectionery market was valued at $114.33 billion at the end of 2019 and is projected to reach $136.42 billion by 2027, growing 2.3% annually. A more optimistic projection indicates the global chocolate market is set to reach $171.6 billion by 2026, rising 5.3% annually.
Vikram Barhat does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.