Rising cocoa prices create a challenging environment for NPD

chocolate

In the dynamic landscape of the food industry, where market fluctuations and supply chain challenges are the norm, staying ahead requires innovation and adaptability. At JPL Flavours, we understand the need for cost-effective solutions without compromising on quality or taste.

As cocoa prices soar due to the climate-inducing constraints, our clean label chocolate flavourings offer a sustainable and efficient alternative, allowing food manufacturers to maintain the indulgent taste consumers crave while mitigating raw material costs.

Understanding the cocoa market

The global cocoa market is facing unprecedented challenges driven by climate instability, characterised by intense rainfall and drought cycles significantly impacting cocoa production in West Africa, the primary source of cocoa for most manufacturers.

The heatwaves have left crops unable to thrive and the wet weather has created the ideal conditions for the spread of black pod disease which causes cocoa beans to rot on the trees.

This erratic weather pattern has led to a limited supply of cocoa and subsequent surges in prices. Prices have skyrocketed, reaching almost $8,500 (£6,500) per tonne in March 2024, placing immense pressure on businesses reliant on cocoa for their products.

As climate change continues to disrupt cocoa production, it becomes imperative for businesses to adapt and innovate to reduce the impact on their operations and supply chains. However, with strategic solutions in place, such as leveraging chocolate flavourings from JPL Flavours, businesses can proactively address these economic challenges.

Cost reduction strategies

JPL Flavours offer a diverse range of chocolate flavourings created to replicate the rich and decadent taste of cocoa. By incorporating our chocolate flavourings into your products, you can achieve a similar taste experience whilst reducing your dependence on raw cocoa. This innovative approach not only ensures cost stability but also allows a versatile approach when it comes to chocolate NPD.

A comprehensive flavour portfolio

Our extensive range of chocolate flavourings are suitable for a wide range of taste preferences. From classic favourites like dark chocolate and milk chocolate to more trending variants such as the tart berry-like flavour of ruby chocolate and indulgence of caramelised white chocolate.

Our chocolate collection includes:

  • Brownie batter
  • Ruby Chocolate
  • White Chocolate
  • Dark Chocolate
  • Rich Milk Chocolate
  • Cacao Nibs
  • Chocolate Malt
  • Melted Chocolate
  • Chocolate Biscuit
  • Swiss-type Chocolate
  • Chocolate Cake Batter
  • Chocolate Fudge

Plus, confectionery based tastes and flavour combinations such as:

  • Chocolate Caramel
  • Chocolate Coconut
  • Chocolate Honeycomb
  • Chocolate Banana
  • Chocolate Orange
  • Chocolate Mint
  • Chocolate Peanut
  • Chocolate Praline
  • Chocolate Vanilla

Our flavour collections are always indicative rather than exhaustive – we will always create new flavours to meet your exact requirements.

Bespoke chocolate flavourings

At JPL Flavours we recognise the importance of having a unique flavour. That’s why we collaborate closely with our clients to develop bespoke flavour formulations tailored to your precise application. We have liquid or powder flavourings that are suitable for ambient or baked products.

Embracing natural and clean label trends

Even though most chocolate food developments will fall near the indulgent end of the scale, consumers are still aware of product labelling. We have chocolate flavourings that can be labelled as ‘flavouring’ or ‘natural flavouring’, allowing clean label declarations where necessary. Our formulations are also of course allergen-free.

Get in touch today

Our chocolate flavourings not only offer a solution to rising cocoa prices but also offer endless possibilities for product differentiation and market expansion. Whether you’re seeking to reformulate existing products or embark on new product developments, our dedicated team can support.

Contact our team for more information about our new chocolate flavour collection or to request a sample click here.

 

References:
https://www.bbc.co.uk/news/science-environment-68619912
https://www.foodmanufacture.co.uk/Article/2024/02/16/cocoa-inflation-set-to-continue-for-whole-of-2024#

 

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