|Chocolate will increase.|
The average king size candy bar is going to increase this year. The price of chocolate will skyrocket because there's a shortage. A huge shortage of chocolate.
I seen a king size candy bar priced at $1.99. Only five years ago, the average price for a candy bar was $1.29.
American chocolate maker Mars, Incorporated announced that it's going to be a rough year for the supply.
CBS News reports that the cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. And it's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.
The chocolate industry, a steadily growing, $50 billion-a-year worldwide business centered on the sale and consumption of chocolate, is prevalent throughout most of the world. Europe accounts for 45% of the world's chocolate revenue.
Big Chocolate is the grouping of major international chocolate companies in Europe and the U.S.
The U.S. companies, such as Mars and Hershey’s alone, generate $13 billion a year in chocolate sales and account for two-thirds of U.S. production.
Despite the expanding reach of the chocolate industry internationally, cocoa farmers and laborers in the Ivory Coast are unaware of the uses of the beans. The high cost of chocolate in the Ivory Coast also means that it is inaccessible to the majority of the population, who are unaware of what it tastes like.
The biggest days to sell chocolate is Valentine's Day, Easter, and Halloween.
The most popular chocolate products, Kit Kat, NesQuik Chocolate Milk, Reese's, Oreo cookies and Pillsbury cookies.