Some bad news for chocolate lovers: the future of cocoa, which is the basis of the 100 billion dollars chocolate industry, is under threat.
There are multiple factors behind this threat, from global warming to pest.
The extent of the threat is so serious that some scientists think that the chocolate will “disappear” in the next 40 years.
So why is cocoa supply in the world threatened?
We eat more chocolate!
The global chocolate confectionery market was equal to 94.81 billion dollars (calculated in retail prices) in 2014. Until 2024, the chocolate confectionery market in the world is forecast to reach 140.83 billion dollars (in retail prices).
Much of the increase in demand came from China and India, the world’s most populous countries.
The biggest chocolate market in the world is the USA. 20 percent of all products are consumed in this country.
The highest consumption per capita is in Switzerland. According to the Chocosuisse trade organization, 11 kg per capita chocolate is consumed in this country.
Cocoa prices have been decreasing since the 1980s…
These two countries, the Ivory Coast and Ghana, carry out half of the production in the world.
According to cocoa activists, only 6.6 percent of the cocoa sales price remains to the farmers.
What makes the situation worse is that young people turn to more profitable sectors. Today, the average cocoa producer is 51 years old and young people are not interested in this business.
Cocoa producers do not have advanced techniques. 90 percent of the products take place on small family farms.
According to the NGO Make Chocolate Fair, only half a kilo of cocoa can be obtained from the fruit a tree produces for a year.
The Intergovernmental Panel on Climate Change, which is affiliated with the United Nations, believes that there will be a serious decrease in the areas where Cacao production can be produced in Ivory Coast and Ghana.