Cocoa

By: Chad Smith

What is Cocoa?

For those who do not know and you might know what it is but do not know the definition. Cocoa is a chocolate powder made from roasted and ground cacao seeds.

Did you know nearly 70% of the world Cocoa comes from the continent of Africa

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The History of the Cocoa Bean

Don Hernán Cortés

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It is said that the first people to harvest cocoa beans and use it for social purposes, were both the Mayan and Aztec societys.

Cocoa beans weren't introduced to European culture until an Spanish Conquistador named Don Hernán Cortés, who first realised their commercial value. He brought cocoa beans back to Spain in 1528 and very gradually, the custom of drinking the chocolate spread across Europe, reaching England in the 1650s.
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After the beans are removed out of the cocoa pod, it is used as animal feed so it never goes to waste

Although cocoa beans is mostly used to make chocolate there us other uses for it as well

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The World uses almost 3 million tonnes of Cocoa beans annually

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Chocolate is an $83 billion a year business, according to research firm MarketsandMarkets. That makes the industry's value larger than the Gross Domestic Product (GDP) of more than 130 nations on earth, World Bank figures show.

Who eats the most?

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The Top Chocolate Loving Nations are (lbs/yr):

  1. Switzerland 22.36
  2. Austria 20.13
  3. Ireland 19.47
  4. Germany 18.04
  5. Norway 17.93

Europeans account for nearly half of all the chocolate the world eats, according to the International Cocoa Organization. The average Brit, Swiss or German will each eat around 11 kilograms (24 pounds) of chocolate a year.
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Chocolate Consumption Distribution Worldwide

The reality exists that the processing and consumption of chocolate products is Western World dominated. 70% of the worldwide profit from chocolate sales is concentrated in these countries. 80% of the world chocolate market is accounted for by just six transnational companies, including Nestle, Mars and Cadbury. Europeans alone consume around 40% of the world's cocoa per year, 85% of which is imported from West Africa. There have recently been efforts to initiate a fair-trade movement, which would encourage the purchase of cocoa from developing country producers at a fair price. However, tariff escalation continues to me a major problem, which acts to drive chocolate comsumers and cocoa exporters further apart.