Cocoa derivatives are products which are derived from cocoa. The major cocoa derivatives include cocoa butter, cocoa beans, cocoa powder, cocoa liquor, etc. These derivatives are produced by the processing of cocoa. Cocoa processing involves several steps, from harvesting cocoa beans, fermentation, drying, roasting, winnowing, etc.
The trend of clean and clear labelling products is increasing across the globe. An understandable and clear ingredient label provides great opportunities to add value to the food product. Companies claim that their products are made using natural fruit/vegetables on the front side of the packaging to attract consumers. Moreover, manufacturers are reducing the usage of chemical additives such as emulsifiers and preservatives in cocoa products. Many companies utilize sunflower lecithin, a healthier and cleaner ingredient in cocoa products, as consumers demand clean labels. According to Global Clean Label Consumer Study 2019 by Ingredion, 78% of 600 consumers said it is important to know the ingredients before purchasing a product. According to the Institute of Food Technologists Organization, in 2018, more than 50% of product launches claimed to be clean labels across the globe. Furthermore, with the rising demand for clean-label products, manufacturers are launching different clean-label cocoa-based products. For instance, in September 2019, Barry Callebaut AG launched its clean-label cocoa powder from chicory root fibers. Additionally, they have launched a cocoa powder named ‘Bensdorp Clean’. It is formulated using baking soda instead of alkalizing agents, which makes the brand more suitable and marks it as a clean label. Thus, rising demand for clean-label products is emerging as a significant trend in the overall cocoa derivatives market.
A few players operating in the cocoa derivatives market are Olam Group Ltd, Indcre SA, Cargill Inc, Natra SA, JB Foods Ltd , Ecuakao Group Ltd, United Cocoa Processor Inc, Barry Callebaut AG, Moner Cocoa SA, Altınmarka Gıda San ve Tic AS among few others.