Rising Cocoa Prices Shift Halloween Candy Trends
Chocolate shortages and price hikes push consumers toward non-chocolate treats this Halloween.
- Cocoa costs have surged 45% this year due to poor crop yields and erratic weather in West Africa, causing chocolate prices to soar.
- Retailers have reduced the number of chocolate items on shelves, while sales of non-chocolate candies are increasing at double-digit rates.
- Popular chocolate brands like Hershey are introducing new non-chocolate products, such as gummies, to diversify offerings.
- M&M's has become the most popular Halloween candy, surpassing Reese's Cups, with Sour Patch Kids and Butterfinger also gaining popularity.
- Concerns over ingredients like Red Dye 3, linked to cancer, are prompting some manufacturers to reassess candy formulations.