ZURICH Nov 7 The global chocolate market should
grow slightly faster than the 1 percent it achieved in the year
to August, the chief executive of Barry Callebaut AG,
the world's largest maker of chocolate products, said on
"We believe the big markets, western Europe and north
America, will grow but, with today's view, it will not be a big
push," CEO Juergen Steinemann told Reuters in a telephone
interview, adding he saw global growth of more than 1 percent,
but "probably not 2-3 percent".
Market researcher Mintel said that while the global
chocolate market value will be little changed on the year at
$84.5 billion in 2012, western Europe's chocolate market value
is set to fall by around 5 percent.
Steinemann also said he expected the cocoa harvest from top
grower Ivory Coast to be slightly smaller than last year's
record crop, with the global crop roughly meeting demand.
"We will not see a surplus but not a significant deficit,"
he said, adding he expected cocoa prices to move sideways.