Latest news with #cocoa
Yahoo
6 hours ago
- Business
- Yahoo
Cocoa and Chocolate Market worth $28.24 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., July 21, 2025 /PRNewswire/ -- According to MarketsandMarkets™, The cocoa and chocolate market is projected to grow from USD 23.69 billion in 2025 to USD 28.24 billion by 2030, at a CAGR of 3.6% from 2025 to 2030. The cocoa and chocolate market encompasses a variety of products, including confectionery items, bakery fillings, spreads, and flavored beverages. This market is experiencing growth as more consumers prioritize indulgent foods that also offer functional benefits. Contributing factors to this growth include rising disposable incomes, the introduction of premium products, and innovative offerings such as sugar-free and plant-based chocolate options. Additionally, product accessibility is improving due to the increasing prevalence of commercial options and digital-first retail strategies. Leading brands are investing in sustainable sourcing, traceability, and ethical certifications to align with consumers' expectations and comply with legislative standards, thereby gaining a competitive advantage. Browse in-depth TOC on "Cocoa and Chocolate Market" 250– Tables 40– Figures 300– Pages Download PDF Brochure: By cocoa type, cocoa powder segment accounts for largest market share The cocoa powder segment holds a dominant position in the cocoa and chocolate industry due to its wide applicability and relatively low cost, with further support coming from its long shelf life. The powder is a necessary component in various sectors, including bakery, confectionery, dairy, beverage, and nutraceuticals. It also caters to increasing health-conscious consumer demands, especially in the low-calorie and functional food categories, having the advantages of an intense flavor and low-fat content. Its dry and stable nature makes storage, shipping, and incorporation into industrial processes quite easy, thus favoring it as the cocoa form for mass production. The demand for high-quality cocoa powder is rising, driven by the popularity of ready-to-drink cocoa beverages and nutrition-focused protein products. In February 2024, Barry Callebaut introduced a line of defatted cocoa powders under its Bensdorp brand, specifically designed for health and wellness applications. These powders aim to meet the growing need for low-fat, high-flavor cocoa options in sports nutrition and functional foods. At the same time, food companies are incorporating cocoa powder into plant-based and clean-label formulations to align with shifting consumer preferences. Emerging markets in the Asia-Pacific and Latin America are experiencing significant growth due to an expanding middle-class population and increasing interest in chocolate-flavored products. As a result, cocoa powder is expected to remain a dominant category within the cocoa market during the forecast period. By distribution channel, offline segment accounts for largest market share Offline modes of distribution account for the major chunk of the cocoa and chocolate market. Supermarkets, hypermarkets, convenience stores, and specialty retail channels are primary distribution outlets for chocolate products. These channels often attract direct consumer patronage due to their wide reach, immediate product availability, and the tendency for consumers to want to inspect products physically before purchasing, particularly for premium chocolates or seasonal gifts. In retail settings, in-store promotions, festive displays, and product sampling significantly encourage impulse buying. Additionally, brands often partner with large retail chains strategically to ensure maximum visibility for their products on store shelves, which positively affects consumer recall and brand awareness. In contrast, in countries like the U.S., Germany, and Japan, where organized retailing is more developed, offline sales are well-supported. Post-pandemic, there has been a notable increase in online shopping; however, structural challenges still heavily influence the retail landscape. Offline sales continue to dominate in terms of volume, as traditional buying behaviors and the perishable nature of chocolate complicate acceptance during transit in many regions. While online sales are on the rise, offline formats will likely remain dominant due to the experiential nature of shopping and the effective introduction of new products and promotional bundles in physical stores. Request Sample Pages: By region, Asia Pacific to register highest CAGR during forecast period The Asia Pacific region is estimated to be the fastest-growing market for cocoa and chocolate during the forecast period. This rapid development is driven by several factors, including rising disposable incomes, shifting dietary preferences, and urbanization in emerging economies such as India, China, Indonesia, and Vietnam. The expanding middle-class population in these countries is increasingly interested in premium and indulgent chocolate products, particularly among the youth who are eager for new flavors and innovative packaging. Additionally, gifting chocolates during festivals and weddings has become a popular consumption trend across the region, reminiscent of Western cultural practices. Modern retail formats are rapidly expanding, and e-commerce is experiencing significant growth, ensuring better accessibility to products. Global companies are investing heavily in local marketing and developing regional product variations to cater to diverse consumer preferences. There is also a growing demand in the regional chocolate industry for clean-label, sugar-free, and fortified products due to increasing health concerns. In June 2024, Hershey established additional manufacturing capacity in Malaysia, along with a research and development innovation hub, to create tailored products for the Asian market. Moreover, governments in the region are supporting the development of food processing infrastructure, which improves supply chain efficiency. Overall, these factors are driving market growth in the Asia Pacific region, making it a key landscape for new investments and innovations in the cocoa and chocolate industry. The report profiles key players such as Cargill (US), Barry Callebaut (Switzerland), Olam Group (Singapore), Mars, Incorporated (US), Ferrero Group (Italy), Mondelez International (US), Guan Chong Berhad (Malaysia), Lindt & Sprüngli (Switzerland), and Fuji Oil (Japan). Get 10% Free Customization on this Report: Browse Adjacent Reports @ Food and Beverage Market Research Reports & Consulting Related Reports: Frozen Bakery Products Market by Type (Bread, Pizza Crusts, Cakes & Pastries), Distribution Channel (Conventional Stores, Specialty Stores), and Form of Consumption (Ready-to-Proof, Ready-to-Bake, Ready-to-Eat) - Global Forecast to 2026 Nut Products Market by Product Type (Nut Butter, Nut Paste/Marzipan Paste/Persipan Paste, Nut Fillings with Cocoa, Nut Fillings without Cocoa, Caramelized Nuts, and Nut Flour), Nut Type, Application, Quality, Category and Region - Global Forecast to 2027 About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter , LinkedIn and Facebook . Contact:Mr. Rohan SalgarkarMarketsandMarkets Inc. 1615 South Congress 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: sales@ Insight: Our Website: Source: Logo: View original content: SOURCE MarketsandMarkets
News.com.au
a day ago
- Business
- News.com.au
Chocilo gives inside look into boutique chocolate making after cocoa price tsunami
A popular Aussie chocolatier is battling to 'survive' amid a dramatic rise in cocoa prices, but Australia's renowned sweet tooth might help it through the storm. Bruce and Joanne Nethercote, the owners of boutique Melbourne chocolate seller Chocilo, say they will raise prices on their products twice this year to match the wild upward swing in cocoa prices over the past two years. Cocoa is the main input ingredient in chocolate. 'We've never had two price increases in a year, which we are doing this year,' Mr Nethercote told NewsWire this week. 'It's always been one (increase). For a small business, it's always a little unnerving to put your product up a couple time of year, but we just have to or we won't survive.' Supply shocks in northwest Africa, the prime growing zone for cocoa, sent prices soaring from around $US3000 a tonne at the beginning of 2023 to more than $US10,000 a tonne in 2024. 'It's settled down a little, but it will never go back,' Mr Nethercote said. 'That has been the biggest direct impact on us.' Chocilo buys chocolate in bulk and then crafts it into its own boutique products, like a pinata-esque offering called a 'chocolate smash cake'. The big dome of chocolate is filled with lollies inside and people smash it at parties like children hitting a pinata, Ms Nethercote said. Australia's sweet tooth has helped the business chug along, even as cocoa, freight, labour and packaging costs all rise. 'People still want to treat themselves,' Ms Nethercote said. 'They probably don't spend as much on themselves as they used to, but it's a treat for the parents to come in with their kids and buy a little dinosaur chocolate, spend $5 or $6.' The small operators aren't the only ones increasing prices in response to the cocoa tsunami. In its latest sales results from April, chocolate giant Nestle reported it had lifted prices 2.1 per cent to 'address input cost inflation in coffee and cocoa-related categories'. 'Despite the significant level of the increases in many markets, the actions were implemented with limited customer disruption,' the company said. Looking forward, the Nethercotes, both aged 57, said it was time for the business to 'hunker down and consolidate'. 'We've been quite lucky in some regards, but it's been the right time at the right place with the right structure in place,' Mr Nethercote said. 'We've still got growth. Our boutique Chocilo brand is still growing, from an online and wholesale perspective. We're still increasing there. 'It's just the dynamics, or the type of product that the end consumer is really purchasing that has changed a little bit.' There are also some gathering tailwinds for Australia's small businesses in the near term. 'We expect the business outlook to improve as strong labour market conditions and lower interest rates encourage consumers to spend and in turn help businesses grow,' ANZ economist Adelaide Timbrell told NewsWire this week.
Yahoo
3 days ago
- Business
- Yahoo
Resilient North American Q2 Cocoa Demand Sparks Short Covering in Cocoa Futures
September ICE NY cocoa (CCU25) on Friday closed up +491 (+6.72%), and September ICE London cocoa #7 (CAU25) closed up +245 (+5.10%). Cocoa prices on Friday settled sharply higher after short covering emerged when North American Q2 cocoa grindings did not decline as much as those in Europe and Asia. North American Q2 cocoa grindings fell -2.8% y/y to 101,865 MT. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! An excessive short position by commodity funds may add fuel to a short-covering rally. On Friday, ICE Futures Europe reported that funds boosted their net-short London cocoa positions by 1,010 to 6,361 short positions the week ended July 15, the most in more than two years. Cocoa prices sold off this week, with NY cocoa sinking to an 8-month nearest-futures low Thursday and London cocoa slumping to a 17-month nearest-futures low. Weakness in global cocoa demand hammered prices. The European Cocoa Association reported Thursday that Q2 European cocoa grindings fell by -7.2% y/y to 331,762 MT, a bigger decline than expectations of -5% y/y. Also, the Cocoa Association of Asia reported that Q2 Asian cocoa grindings fell -16.3% y/y to 176,644 MT, the smallest amount for a Q2 in 8 years. Cocoa prices have also seen weakness on reports of favorable weather conditions in cocoa-growing areas in the Ivory Coast and Ghana, although the weather is less favorable in Nigeria and Cameroon. Demand concerns are weighing on cocoa prices after chocolate maker Barry Callebaut AG reduced its sales volume guidance last Thursday for a second time in three months, citing persistently high cocoa prices. The company projects a decline in full-year sales volume and said there was a -9.5% drop in its March-May sales volume, the largest quarterly drop in a decade. In a bearish factor, ICE-monitored cocoa inventories held in US ports climbed to a 10-month high of 2,363,861 bags on June 18 and were modestly below that high at 2,337,085 bags as of Friday. Higher cocoa production by Ghana is bearish for cocoa prices. On July 1, the Ghana Cocoa Board projected the 2025/26 Ghana cocoa crop would increase by +8.3% y/y to 650,000 from 600,000 MT in 2024/25. Ghana is the world's second-largest cocoa producer. Monday's government data showed that Ivory Coast farmers shipped 1.73 MMT of cocoa to ports this marketing year from October 1 to July 13, up +6.8% from last year but down from the much larger +35% increase seen in December. Cocoa prices have support from quality concerns regarding the Ivory Coast's mid-crop cocoa, which is currently being harvested through September. Cocoa processors are complaining about the quality of the crop and have rejected truckloads of Ivory Coast cocoa beans. Processors reported that about 5% to 6% of the mid-crop cocoa in each truckload is of poor quality, compared with 1% during the main crop. According to Rabobank, the poor quality of the Ivory Coast's mid-crop is partly attributed to late-arriving rain in the region, which limited crop growth. The mid-crop is the smaller of the two annual cocoa harvests, which typically starts in April. The average estimate for this year's Ivory Coast mid-crop is 400,000 MT, down -9% from last year's 440,000 MT. On May 30, the International Cocoa Organization (ICCO) revised its 2023/24 global cocoa deficit to -494,000 MT from a February estimate of -441,000 MT, the largest deficit in over 60 years. ICCO said 2023/24 cocoa production fell by 13.1% y/y to 4.380 MMT. ICCO said the 2023/24 global cocoa stocks/grindings ratio fell to a 46-year low of 27.0%. Looking ahead to 2024/25, ICCO on February 28 forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7.8% y/y to 4.84 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Short Covering Boosts Cocoa Prices on Resilient North American Q2 Cocoa Demand
September ICE NY cocoa (CCU25) today is up +460 (+6.29%), and September ICE London cocoa #7 (CAU25) is up +193 (+4.02%). Cocoa prices today are sharply higher as short covering has emerged after North American Q2 cocoa grindings did not decline as much as those in Europe and Asia. North American Q2 coca grindings fell -2.8% y/y to 101.865 MT. More News from Barchart Coffee Prices Retreat Due to a Stronger Dollar Cocoa Prices Finish Sharply Lower as Global Cocoa Demand Craters Dollar Strength Sparks Long Liquidation Pressures in Coffee Futures Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Cocoa prices sold off this week, with NY cocoa sinking to an 8-month nearest-futures low Thursday and London cocoa slumping to a 17-month nearest-futures low. Weakness in global cocoa demand hammered prices. The European Cocoa Association reported Thursday that Q2 European cocoa grindings fell by -7.2% y/y to 331,762 MT, a bigger decline than expectations of -5% y/y. Also, the Cocoa Association of Asia reported that Q2 Asian cocoa grindings fell -16.3% y/y to 176,644 MT, the smallest amount for a Q2 in 8 years. Cocoa prices have also seen weakness on reports of favorable weather conditions in cocoa-growing areas in the Ivory Coast and Ghana, although the weather is less favorable in Nigeria and Cameroon. Demand concerns are weighing on cocoa prices after chocolate maker Barry Callebaut AG reduced its sales volume guidance last Thursday for a second time in three months, citing persistently high cocoa prices. The company projects a decline in full-year sales volume and said there was a -9.5% drop in its March-May sales volume, the largest quarterly drop in a decade. In a bearish factor, ICE-monitored cocoa inventories held in US ports climbed to a 10-month high of 2,363,861 bags on June 18 and were modestly below that high at 2,346,466 bags as of Thursday. Higher cocoa production by Ghana is bearish for cocoa prices. On July 1, the Ghana Cocoa Board projected the 2025/26 Ghana cocoa crop would increase by +8.3% y/y to 650,000 from 600,000 MT in 2024/25. Ghana is the world's second-largest cocoa producer. Monday's government data showed that Ivory Coast farmers shipped 1.73 MMT of cocoa to ports this marketing year from October 1 to July 13, up +6.8% from last year but down from the much larger +35% increase seen in December. Cocoa prices have support from quality concerns regarding the Ivory Coast's mid-crop cocoa, which is currently being harvested through September. Cocoa processors are complaining about the quality of the crop and have rejected truckloads of Ivory Coast cocoa beans. Processors reported that about 5% to 6% of the mid-crop cocoa in each truckload is of poor quality, compared with 1% during the main crop. According to Rabobank, the poor quality of the Ivory Coast's mid-crop is partly attributed to late-arriving rain in the region, which limited crop growth. The mid-crop is the smaller of the two annual cocoa harvests, which typically starts in April. The average estimate for this year's Ivory Coast mid-crop is 400,000 MT, down -9% from last year's 440,000 MT. On May 30, the International Cocoa Organization (ICCO) revised its 2023/24 global cocoa deficit to -494,000 MT from a February estimate of -441,000 MT, the largest deficit in over 60 years. ICCO said 2023/24 cocoa production fell by 13.1% y/y to 4.380 MMT. ICCO said the 2023/24 global cocoa stocks/grindings ratio fell to a 46-year low of 27.0%. Looking ahead to 2024/25, ICCO on February 28 forecasted a global cocoa surplus of 142,000 MT for 2024/25, the first surplus in four years. ICCO also projected that 2024/25 global cocoa production will rise +7.8% y/y to 4.84 MMT. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
3 days ago
- Business
- Zawya
Mahama reaffirms commitment: cocoa farmers to receive 70% of world market price
President John Dramani Mahama has announced that, beginning with the next cocoa season, Ghanaian cocoa farmers will receive no less than 70 per cent of the prevailing world market price for their produce. Addressing a grand durbar of chiefs and residents in Juaboso on Tuesday, the President declared: 'Let me be clear: we will honour our promise to pay our hardworking farmers 70 per cent of the world market price of cocoa. The sweat of our cocoa farmers deserves dignity and a fair reward.' Key highlights 1. 70 % price guarantee: The new pricing formula will be reflected in the producer price set by the Producer Price Review Committee ahead of the upcoming 2025/26 crop year. 2. President Mahama announced that construction works will commence this quarter on the Juaboso–Asawinso trunk road, along with 120 km of feeder roads that link farming communities to key buying centres. 3. Government will distribute five million hybrid seedlings and scale up fertiliser subsidies to increase yields and maintain Ghana's position as the world's leading cocoa producer. An additional 10,000 young people are being enrolled in the Cocoa Rehabilitation&Youth Entrepreneurship Programme to rejuvenate aged farms and create decent jobs in the sector. President Mahama described cocoa as 'the lifeblood of our rural economy' and emphasised that sustaining farmers' livelihoods is central to Ghana's growth agenda. The chiefs commended the President for honouring his pledges and called for continued collaboration to improve health, education, and market access in cocoa-growing areas. Distributed by APO Group on behalf of The Presidency, Republic of Ghana.
