According to the estimates from strategic procurement experts, emerging economies in APAC that include India, China, and Thailand are likely to drive the majority of demand for cocoa-based products.
LONDON: The procurement research report on the cocoa market is an indispensable part of SpendEdge’s agro commodities and raw materials category portfolio and offers a comprehensive analysis of the key factors influencing strategic procurement decisions, pricing models, supply market, and procurement best practices. Furthermore, it also offers profound insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
The growing need for purchasing managers to build a personalized confectionary portfolio is driving the growth of the global cocoa market. There is an increasing need for chocolate and confectionery manufacturers to focus on building a long-term business model aligned on developing personalized products for all end-user segments. This requires the need to develop a robust product portfolio that focuses on indulgence, quality, health, sustainability, and safety.
“Purchasing managers must have their specific-control mechanisms prior to use of cocoa beans for roasting and further processing,” says A Kowshik, an agro commodities and raw materials industry procurement research specialist at SpendEdge.
The threat from cartelization and informal setup of cocoa intervention program is one of the major challenges faced by strategic procurement experts. The government organizations across the globe along with local NGOs and cocoa processors have launched various interventions such as the circulation of high-quality cocoa seedlings and free establishment of farming inputs such as equipment and fertilizers.
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This procurement research report on the cocoa market offers insights on:
- Supply markets, growth drivers, trends, and challenges
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
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