Nutrition and ingredients company, Kerry, has launched a cocoa replacement solution, designed to tackle the escalating cocoa pricing and supply crisis.
The unprecedented crisis in cocoa production has primarily been driven by factors such as the swollen shoot virus and soil degradation, and has significantly affected key cocoa-producing countries.
These countries, including Côte d'Ivoire and Ghana, which together contribute approximately 54 per cent of the global cocoa supply, are experiencing sharp declines in stock levels.
Cocoa supplies are predicted to fall short by 11 per cent in 2024, leading to tripling prices over the past year.
In response, Kerry has developed a range of Cocoa Taste solutions that provide an authentic cocoa taste experience, without sole reliance on traditional cocoa bean derivatives. The solution preserves the cocoa taste, while reducing manufacturers dependance on cocoa mass.
Kerry Asia Pacific, Middle East & Africa vice president Taste, Young Kim, said that the company’s commitment to sustainability was integral to the development of its cocoa replacement solution.
“This crisis presents not just challenges but also a pivotal moment for innovation and change for cocoa sourcing strategies. When it comes to potential solutions, there is a critical need for sustainability — if properly addressed, it can transform the landscape of cocoa production for the better.
“This will not only mitigate current supply challenges, leading to long-term industry resilience and environmental health, but support continued product innovation for brands and manufacturers.”
The Cocoa Taste range reduces cocoa powder use in formulation by up to 35 per cent.
Kerry introduced its digital innovation hub last month which can provide information, research, and interviews about its portfolio, including the Cocoa Taste range, for brands and manufacturers.
