Overview

• Cocoa prices have surged over 300% in the past two years due to climate-related challenges such as droughts, unpredictable weather, and diseases impacting key producers like Côte d’Ivoire and Ghana.
• U.S. chocolate consumption declined in 2024, with mainstream candy sales falling while demand for high-end, artisanal chocolate remained resilient despite price increases of 10-20%.
• Confectionery companies are adapting by shrinking product sizes, introducing bold flavors, and exploring cocoa-free alternatives like spreads made from grape seeds and sunflower kernels.
• Farmers are being encouraged to adopt climate-resilient practices, such as agroforestry systems, drought-tolerant cocoa varieties, and improved soil and water management techniques.
• Consumers are urged to support sustainable and ethically sourced chocolate through certifications like Fair Trade and Rainforest Alliance, which promote better environmental and labor practices.