Top Africa Cocoa Butter Market Companies With Market Size | Manufacturers With Official Website 2024

Top Africa Cocoa butter Market Companies with Market Size

The Africa cocoa butter market has been steadily growing over the years, driven by factors such as rising consumer demand for premium and organic chocolate products, as well as increased usage of cocoa butter in cosmetics and personal care products.

Africa is the world's third-largest producer of cocoa, with countries such as Cote d'Ivoire, Ghana, and Nigeria being major suppliers. Cocoa production plays a significant role in the economy of these countries, providing employment opportunities for millions of people. In recent years, there has been a growing trend towards sustainability and ethical sourcing in the cocoa industry. This has led to companies implementing various initiatives to ensure fair wages and working conditions for cocoa farmers. As a result, many chocolate manufacturers and cosmetic companies have started sourcing their cocoa butter from Africa due to its high-quality and sustainable production practices. According to 6Wresearch, the Africa Cocoa Butter Market size is anticipated to grow, reaching a CAGR of 6.7% during the 2024-2030.

List of Leading Companies in the Africa Cocoa butter Market

1. Barry Callebaut

This company is the world's largest cocoa and chocolate manufacturer, with a strong focus on sustainability and ethical sourcing. They have been working closely with cocoa farmers in Africa to improve their livelihoods and promote sustainable farming practices. In 2020, Barry Callebaut launched "Forever Chocolate", a program aiming for 100% sustainable chocolate production by 2025.

2. Cargill

Cargill is another major player in the Africa cocoa butter market, with a focus on sustainability and reducing their carbon footprint. The company has implemented various initiatives such as the Cargill Cocoa Promise, which aims to improve farmer livelihoods and promote sustainable farming practices. They also have partnerships with local governments and organizations to support cocoa-growing communities in Africa.

3. Nestlé

Nestlé is a well-known multinational company that has a strong presence in the Africa cocoa butter market. They have been implementing various sustainability initiatives to ensure responsible sourcing of cocoa and improve farmer livelihoods. In 2020, Nestlé launched the "Cocoa Plan" which aims to improve the lives of cocoa farmers and their communities through education, training, and support for sustainable farming practices.

4. Mondelez International

Mondelez International is another major player in the Africa cocoa butter market with popular brands such as Cadbury, Toblerone, and Oreo under its portfolio. The company has been working towards sustainability in cocoa production through initiatives such as the Cocoa Life Program which focuses on empowering cocoa farmers, promoting sustainable farming practices and protecting the environment. In 2019, Mondelez International announced a partnership with Ghanaian government agencies and other organizations to promote sustainable cocoa farming in the country.

5. Olam International

Olam International is a global agribusiness company with operations in 70 countries, including several African countries. They have been actively involved in the Africa cocoa industry, sourcing cocoa beans from various countries and promoting sustainable farming practices through initiatives such as the Olam Livelihood Charter. In 2020, Olam International announced a partnership with Ghana Cocoa Board to launch a $1.3 billion sustainable cocoa plan.

6. Hershey's

Hershey's is a well-known chocolate manufacturer that has been using cocoa butter sourced from Africa for its products. The company has also implemented sustainability initiatives such as the "Cocoa For Good" program, which aims to improve the lives of cocoa farmers and their communities. In 2019, Hershey's announced a partnership with Ghanaian cocoa supplier ECOM to promote sustainable cocoa production in the country.

7. Touton S.A

Touton S.A is a leading supplier of cocoa and coffee products, with operations in various African countries. The company has been actively promoting sustainable cocoa production through its "Cocoa Horizons" program, which focuses on improving farmer livelihoods and reducing the environmental impact of cocoa farming. In 2020, Touton S.A announced plans to expand its sustainable cocoa sourcing to reach at least 250,000 farmers by 2030.

8. Ferrero Group 

Ferrero Group is a well-known chocolate and confectionery company, with brands such as Nutella, Kinder, and Ferrero Rocher under its portfolio. The company has been investing in sustainable cocoa production through initiatives such as the "Ferrero Farming Values Cocoa Programme" which aims to promote responsible sourcing of cocoa and improve farmer livelihoods. In 2020, Ferrero announced that 100% of their cocoa beans are sustainably sourced.

9. Divine Chocolate

Divine Chocolate is a unique player in the Africa cocoa butter market as it is co-owned by cocoa farmers in Ghana. The company has a strong commitment to fair trade and ethical sourcing practices, ensuring that cocoa farmers receive a fair share of profits. In 2019, Divine Chocolate announced plans to expand its partnership with cocoa farming cooperatives in Ghana to improve farmer livelihoods and promote sustainable production methods.

10. Blommer Chocolate Company

Blommer Chocolate Company is a major cocoa and chocolate manufacturer in the US with a strong focus on sustainable sourcing. The company has implemented various initiatives such as the "Sustainable Origins" program, which aims to promote responsible sourcing of cocoa and improve farmer livelihoods. In 2020, Blommer announced plans to expand its renewable energy sources for cocoa processing facilities in Ghana and Cote d'Ivoire.

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