Here’s why chocolate is about to get a whole lot more expensiveKMJNOW.COM The meteoric rise in palm oil prices is poised to inflate costs for everyone from restaurants to confectionery and cosmetic manufacturers, and could potentially change consumption patterns.
A Maryland candy company is cooking up chocolate covered cicadas
A Maryland candy company is selling chocolate covered cicadas to celebrate the emergence of the noisy insects that have spent the last 17 years underground. Chouquette Chocolates is selling the cicadas — dipped in either milk or dark chocolate — online, but it also posted the recipe on its Facebook page for brave chefs looking for something to do with the bugs.
The Hershey Company Plans To Acquire Health Conscious Chocolate Company Lily
The Hershey Company has signed an agreement to acquire Lily’s, health conscious chocolate company. Lily’s makes low-sugar products include dark and milk chocolate bars, baking chips, peanut butter cups and other confection products that align with Hershey’s multi-pronged better-for-you snacking strategy.
The chocolate market was impacted by COVID-19 during its onset in 2020
Reportlinker.com announces the release of the report “Chocolate Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06067779/?utm_source=GNW. Consumers’ in-home consumption of chocolates witnessed a steep rise during the lockdown. Chocolates, among other consumables, were bought in bulk, which led to higher volume sales through supermarkets and hypermarkets. On the other hand, the premium sector of the global chocolate market was severely affected by low sales volume due to the COVID-19 pandemic, partly due to supply-side issues linked to quality and certification. Consequently, varied public sectors provided support to the strengthening partnership between fine cocoa producers and chocolate companies to enhance the resilience of marketing infrastructure. In 2020, the chocolate market witnessed an inclination toward the darker varieties of chocolate, as consumers showed preference for them over other varieties, on account of better health benefits, lower in calories, and altering perception toward premiumization.