Chocolate industry avoids meltdown during credit crunch as sales increase

THE chocolate industry has avoided the worst effects of the credit crunch with sales rising ten per cent in the last two years, according to a new report.

Market analysts Mintel said that healthier dark chocolate sales nearly doubled to £85 million between 2005 and 2007, while luxury chocolate sales increased by 46 per cent to £140m.

Mintel said: "Consumers are cutting back on their 'unhealthy' treats. Yet, when they do indulge, they often want the best."

The firm said another five per cent growth was expected this year.