Kerry, a global frontrunner in offering sustainable nutrition solutions to the food, beverage, and pharmaceutical sectors, introduces a groundbreaking alternative to cocoa. This solution aims to address the rising cocoa prices and supply challenges. Forecasts indicate an 11% deficit in cocoa supply for 2024, contributing to a remarkable 300% surge in prices over the previous year.
The cocoa production crisis, unprecedented in its scale, has been chiefly fueled by factors like the swollen shoot virus and soil degradation, profoundly impacting pivotal cocoa-producing nations. Countries such as Côte d’Ivoire and Ghana, responsible for approximately 54% of the world’s cocoa supply, are witnessing substantial drops in their stock reserves.
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Responding to the demand, Kerry has engineered a variety of Cocoa Taste solutions, offering an authentic cocoa experience that doesn’t rely solely on conventional cocoa bean derivatives. Their cocoa solution not only maintains the beloved indulgence of cocoa taste for consumers but also assists manufacturers in navigating the unpredictable cocoa market by reducing their dependency on cocoa mass.
Advantages of Kerry’s Cocoa Alternative Solution:
Delivering Authentic Cocoa Taste
Kerry’s proficiency in cocoa extraction and flavor crafting guarantees that our Cocoa Taste solutions provide the sumptuous, indulgent cocoa experience consumers anticipate. Our lineup of solutions facilitates up to a 35% decrease in cocoa powder usage in formulations, assisting in the reduction of cocoa powder in baked goods, dairy beverages, and confectionery, all while preserving and enriching cocoa nuances and sensory delight.
Cost Reduction and Supply Stability
Through the incorporation of Kerry’s Cocoa Taste Solutions into their products, manufacturers can notably mitigate their vulnerability to the unpredictable cocoa commodity market. This leads to significant cost reductions and a steadier supply chain, enabling businesses to sustain competitiveness in the face of external market pressures.
Expert Guidance and Support
Kerry offers access to a team of seasoned food scientists and flavor specialists who provide valuable insights and assistance, aiding manufacturers in fine-tuning their product formulations to preserve or even elevate sensory attributes. This ensures that the end product meets consumer expectations seamlessly, even amidst cocoa constraints.
“Our dedication to sustainability is at the core of our cocoa replacement solution. This crisis doesn’t just pose challenges; it represents a crucial juncture for innovation and transformation in cocoa sourcing strategies. Sustainability is paramount in exploring potential solutions; if effectively tackled, it can revolutionize the cocoa production landscape. This not only helps alleviate current supply hurdles, fostering long-term industry resilience and environmental well-being, but also nurtures ongoing product innovation for brands and manufacturers,” said Young Kim, Vice President of Taste at Kerry Asia Pacific, Middle East & Africa.
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