China chocolate market seen growing to $4.3 billion by 2019: Hershey | Reuters

(Reuters) – Chocolate sales in China should grow to $4.3 billion by 2019, up nearly 60 percent from $2.7 billion in 2014 and driven by demand from the growing urban population, a senior Hershey officer forecast on Wednesday.

A Hershey's chocolate bar is shown in this photo illustration in Encinitas, California January 29, 2015. REUTERS/Mike Blake

The increase projected by Hershey International president Bert Alfonso reflects the chocolate industry‘s continued bet on growing emerging market consumption, despite recent indications of slowing demand in fast-growing Asian markets.

Hershey (HSY.N), which has been making chocolate for more than a century, expects to benefit from this demand boom, Alonso said in a webcast heard by Reuters of the Consumer Analyst Group of New York conference.

He projected the company’s China sales would grow by 35 percent to $450 million in 2015. Based on that figure, chocolate sales in China made up around 4.5 percent of Hershey’s $7.4 billion in total revenue in 2014.

The growth comes as Hershey integrates pro

via China chocolate market seen growing to $4.3 billion by 2019: Hershey | Reuters.

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