| Chocolatier’s Delight: Exploring the World of Cocoa Derivatives |
Cocoa derivatives are derived from the processing of cocoa beans. These derivatives include cocoa butter, cocoa powder, and whole cocoa beans, and are available in both organic and conventional categories. The global market for organic and Fairtrade-certified cocoa beans is growing due to an increasing demand for safer and healthier food products among consumers. This trend is positively affecting the demand for organically grown cocoa, as consumers become more interested in pesticide-free food products.
According to the World of Organic Agriculture 2022 report, which was published by the Research Institute of Organic Agriculture (FiBL) and the International Federation of Organic Agriculture Movements (IFOAM), the cultivation area of organic cocoa worldwide reached 3.1% in 2020. Furthermore, Lindt & Sprüngli, a Swiss chocolatier, has reported that their organic cocoa products sales in Europe are growing at a much faster pace than overall cocoa product sales. As a result, manufacturers are adding organic products to their portfolios to cater to the increasing demand. For example, Barry Callebaut now offers domestically produced, organic-certified, non-alkalized cocoa powder as part of their product line.
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What are the different products derived from cocoa?
- Chocolate: Chocolate is a popular form of cocoa that is made by combining cocoa powder with cocoa butter and sugar. Chocolate can come in many different forms, including bars, chips, and chunks.
- Chocolate liquor: Chocolate liquor is a thick, paste-like substance that is made by grinding roasted cocoa beans into a fine paste. It contains both cocoa solids and cocoa butter and is used as the base ingredient for chocolate.
- Cocoa-nibs: Small pieces of roasted cocoa beans are known as cocoa nibs. They are often used as a topping or ingredient in baked goods or as a healthy snack on their own.
- Unsweetened chocolate: Unsweetened chocolate, also known as baking chocolate, is pure chocolate made from cocoa solids and cocoa butter with no added sugar.
- Sweetened chocolate: Sweetened chocolate is made by combining chocolate liquor with sugar and sometimes additional ingredients such as vanilla. It is used in a wide range of chocolate products, including candy bars and baked goods.
- Milk chocolate: Milk chocolate is a type of chocolate that includes milk powder or condensed milk.
Olam Group Ltd launched Olam Cocoa for professionals in September 2020, which made its premium deZaan cocoa powders available to restaurants, caterers, and patisseries. This strategic move aimed to meet the rising demand for high-quality cocoa ingredients from professional chefs and bakers. Experts anticipate that such strategic developments by key players in the market will drive the growth of the cocoa derivatives market in the years to come. The cocoa derivatives market is expected to witness substantial growth, with its market size predicted to increase from US$ 27,807.13 million in 2022 to US$ 37,799.86 million by 2028. The market is estimated to register a CAGR of 5.3% between 2022 and 2028.
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