💡 The Sweet Taste of Luxury Chocolate

Recently, the Odd Night team had a surprising encounter at the Godiva Café in Dubai.

Amid business discussions over coffee, we came across an eye-catching chocolate bouquet priced at a whopping 5,000 AED ($1,300).

This sparked not just surprise but a deeper reflection on the vast potential of the luxury chocolate market.

Here’s what we got for you today:

🍫 The hidden business of luxury Chocolate
📉 The crypto rollercoaster
💻 The new M4 Ai chips for the Mac

Today’s Drop 💼

Luxury Chocolate

🍿 The Big Picture:

In a setting as opulent as Dubai, it's easy to underestimate the allure of luxury goods.

Yet, as we learned from our waiter, these extravagant chocolate bouquets are not just a niche novelty; they are “flying off the shelves”

This encounter reminded us that the luxury market, with its high ticket items, should never be underestimated.

🛠 The Idea:

Venturing into the chocolate industry, especially at the luxury end, can be as profitable as it is delightful.

Whether it’s creating gourmet chocolate bouquets or innovating with healthy chocolate alternatives, the opportunities are rich and varied.

🔥 Is the Market Hot?

The global chocolate market was valued at $115.80 billion in 2022, with expectations to grow steadily.

This growth is fueled by both traditional and innovative chocolate products meeting diverse consumer demands.

🍞 Revenue Potential:

The renowned Godiva Chocolatier garners an impressive annual revenue of $710.2 million.

On the smaller end of the spectrum, newer companies like Mid-Day Squares illustrate the potential for growth and success in this niche.

Starting from a humble operation, Mid-Day Squares now produces about 50,000 bars per day and has reported $17 million CAD in annual revenue with a growth rate of 45%.

🎯 Conclusion:

Our unexpected lesson at Godiva Café revealed a sweet truth: the luxury market is vibrant and varied.

By entering the chocolate industry with a focus on high-end, unique products, you can capture the imagination and the wallets of luxury consumers.

Ready to explore how the other half indulges and carve out your slice of this billion-dollar industry?

Tweet of the Day

Midnight Meme 😂

Odd Notes🕵️‍♂️

Snippets from the shadows

• Apple plans Mac line overhaul with AI focused m4 chips.

• As used car prices stabilise, the car insurance prices skyrocket.

• Dur to rising inflation, Costco is clearing $200 million a month in gold and silver.

That wraps up today's business, we'll meet again on the next odd night with more inside news from the family.

Have a business idea that we could feature? Hit reply and share the 411. If we ride with your plan, you'll see your name in the credits. That a deal?

Disclaimer: This newsletter is educational, not financial advice. Exercise caution and conduct personal research before making investment decisions.