Three chocolate stocks to sweeten your portfolio

With the consumer season upon us and a US$140 billion market by 2024, it might be time to treat yourself with a confectionary company

Vikram Barhat 27 November, 2019 | 1:01AM

Raw chocolate pieces

It’s the time of year when calorie-counting gracefully steps aside to make way for some good old festive indulgence. And what better way to get into the holiday spirit than by sinking your teeth into a decadent block of chocolate.

The default comfort food for many globally, chocolate continues to enjoy the special status that keeps it relatively immune from the vagaries of diet and nutrition trends. It’s little surprise that the global chocolate market is forecast to reach US$140 billion by 2024, growing at 4.5% annually, led by the U.S. (US$11.32 billion in 2019 sales), the cocoa-derived confectionery’s biggest market, but also supported by emerging markets where chocolate consumption is growing at a faster pace.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Mondelez International Inc Class A49.70 USD0.85
The Hershey Co130.26 USD1.74

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.