Cocoa and Chocolate Market 2019 - Chocolate Confectionery Demands More Cocoa than Anyone Else

Barry Callebaut AG, is one of the most active players in the global cocoa and chocolate industry. In September 2017, Barry launched the fourth type of chocolate i. e. Ruby, is derived from the intense processing of Ruby cocoa bean. The chocolate confectionery sector is leading in the Global Cocoa And Chocolate Market. Nations such as Indian and China are witnessing high demand for chocolate confectionery products. Premium chocolate is another segment witnessing high demand. Consumption of premium chocolate among people has increased. Premium chocolate producing nations such as Switzerland, Belgium, and others are generating high demands for premium quality cocoa. According to Fortune Business Insights, in 2017 the global market was valued at US$ 43.13 Bn and is projected to expand at a CAGR of 5.63% and reach US$ 67.22 Bn by the end of 2025.

Bakery products have become very popular recently and are witnessing high demand. Cocoa consumption in bakery products is very high, hence the cocoa and chocolate market may receive high cocoa demand from the bakery sector.

Cocos and Chocolate Market Players to Change Cocoa Production Game

Thanks to the Internet, today people are aware of product quality and prefer using safe and organic products. The demand for rich quality cocoa, chocolates, and other products have gone higher due to growing health concern among people. Organizations operating in the global market are making constant efforts to grow rich cocoa and capture a higher market share. The effort by organizations has led to various developments and the introduction of new projects.

• One of the leading global chocolate producers (name is not disclosed) has proposed a project to the Spanish government. The organization wishes to conduct scientific research on cocoa plants and develop genetic strain for cocoa production. Almost all the companies in the global cocoa and chocolate market get cocoa from African countries which may not be the best source. Additionally, few African countries such as Ghana is undergoing oil well discovery and the wells are gaining all the attention resulting in declined cocoa production in the country. To overcome this problem the project came into picture. The organization plans to achieve generic strains from best quality cocoa plant and use it for the commercial production of cocoa and chocolate. Trinitario Cocoa is considered to be the best quality cocoa. The project kind-of collaborates with the University of West Indies, St Augustine to utilize university resources and involve and provide employment to certain students in the project.

• Barry Callebaut has set-up a new state-of-the-art processing unit at its Zone 4C Societe Africaine de Cacao (SACO) plant in Abidjan, Cote d’Ivoire. The investment made is expected to increases the unit’s manufacturing capacity by 40% in just the next three years. 

The investment made by Barry is expected to make a major impact on the nation’s economy. Once completed the unit may provide employment to several people. The rate of production, sales, and profit will go higher. Besides, the project associated to the University of West Indies will also impact on the people and nation in diverse ways. It will be something very major for the associated students and would learn a lot. The project may change the future of the global cocoa and chocolate market. The success of the project will lead to the enablement of the production of high-quality cocoa anywhere.