Global Cocoa Category - Procurement Market Intelligence Report
About Cocoa Market
Industry experts believe that as accessibility and availability of chocolates continue to increase, the acceptance rate of such products across all age-groups is expected to increase. Chocolate manufacturers are developing bars and boxed chocolates for frequent consumption as well as for gifting purposes. This is expected to increase the presence of global chocolate manufacturer in these regions through inorganic expansion. This is anticipated to increase the demand for cocoa beans as buyers need to upsurge the number of cocoa processing and chocolate manufacturing facilities in proximity to these markets.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Cocoa Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
SpendEdge’s report, Global Cocoa Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
SpendEdge Announces the Publication of its Procurement Research Report – Global Cocoa Category - Procurement Market Intelligence Report 2017-2021.
SpendEdge recognizes the following companies as the key suppliers in the Global Cocoa Category - Procurement Market Intelligence Report: Cargill, Olam International, Barry Callebaut, SunOpta, and Blommer Chocolate Company.
Commenting on the report, an analyst from SpendEdge said: “Buyers must ensure that their farm owners adopt the required approaches to control the spread of infection across non-infected trees and plants. It is important to ensure that each tree receives individual attention as single-infected plants are among the greatest sources of infection.”
According to the report, there is a rapid growth in the chocolate market across emerging and developing economies, especially in APAC such as India, China, and Thailand. Continuing urbanization, increase in disposable income, and high availability of various chocolate brands have led to an increased popularity of chocolates.
Further, the report states that a major procurement challenge faced by buyers is the lack of clarity in the calculation of premiums for certified cocoa. Cocoa certification organizations such as UTZ and Rainforest do not have a fixed premium that they can charge for the produce.
Cargill, Olam International, Barry Callebaut, SunOpta, and Blommer Chocolate Company.
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