mrfrbeverages

Market Analysis Growing cultivation especially in African nations of Ghana, Ivory Coast and others have resulted in satisfying the growing demand as Western Africa produces almost two-thirds of the world's cocoa. Rise in disposable incomes, developments in global supply chains, and development of innovative products such as organic and sugar-free chocolates, and chocolate products formulated to withstand high temperature are aiding the market growth. For instance, Barry Callebaut introduced the Choc37.9 line of products with greater thermo tolerance. Traditional and growing popularity of chocolate coupled with the prosperity of complimentary industries and applications are the prime drivers of the market. The growing popularity of packaged food industry and convenience foods is another driver of the market. Innovations in food industry such as development of specialized and variety of flavors and additives such as milk, coffee etc. Are driving the popularity and the consecuti...