EXCLUSIVE MARKET INFORMATION

Chocolate market recap 2025 and outlook 2026​

Chocolate ingredient markets stay under strain as cocoa challenges ripple through supply and pricing.

  • Cocoa remained highly volatile amid tight West African supply and disease pressures
  • EU sugar stayed capped by weak global benchmarks
  • Almonds reached multi-year highs driven by weather losses and low stocks
  • Walnuts firmed on strong U.S. crop quality and tight inventories
  • Glucose & dextrose stayed supported by Europe’s tight corn balance
  • Dairy inputs (WMP, butter, SMP, SWP) reflected abundant milk and soft export demand
  • and more…

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EOY 2025/ Outlook 2026 - Chocolate

What procurement leaders say about Vesper

“We look at Vesper’s forecasts on a daily basis. Knowing what prices are expected to do in three, six, or nine months is the most important feature for us as buyers”
— Jan Bert Banga, Global Procurement Manager Dairy, Nestle

“Vesper is an excellent benchmark for buyers to double-check whether the quotes they get represent the market.”

— Yue Li, Market Intelligence Manager at Danone