Chocolate Lovers Pay Up Amidst Rising Cocoa Costs
New Business Ventures
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Cocoa Legato Opening in Seattle: Aaron Lindstrom, a former Theo Chocolate employee, is set to open Cocoa Legato on April 26 in Seattle’s Greenwood neighborhood. This unique establishment will combine chocolate-making, a café, and a live music venue, aiming to revitalize Seattle's chocolate scene following recent closures of local chocolatiers. Axios
Viral Product Trends
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Dubai Chocolate Craze: A confectionery trend originating in Dubai has captivated global consumers. Created by British-Egyptian engineer Sarah Hamouda, the chocolate bars combine pistachio cream, tahini, and crispy knafeh. Gaining popularity through social media, particularly TikTok, these treats have led to high demand and inspired various retailers to produce their own versions.
Trade Policy Impacts
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U.S. Tariffs Affecting Cocoa and Coffee Imports: The recent imposition of tariffs by the U.S. administration has led to a decline in global prices for commodities like coffee, cocoa, and sugar. These tariffs have raised concerns about reduced demand in the U.S., the world’s top consumer of these products, and have disrupted global markets.
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Impact on Swiss Chocolatiers: Swiss chocolate makers are facing challenges due to newly imposed U.S. tariffs on Swiss goods. The 31% tariff affects key Swiss industries, including chocolate, and has prompted concerns about financial impacts on U.S. sales.
Industry Events
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Craft Chocolate Experience 2025: Scheduled for May 2–4, 2025, at the Palace of Fine Arts in San Francisco, this event will feature handcrafted chocolates from around the world, offering tastings, workshops, and pairings for attendees.
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Radovljica Chocolate Festival: Set for April 12–13, 2025, in Radovljica, Slovenia, this festival will showcase artisanal chocolatiers, interactive workshops, and chocolate tastings, celebrating the rich world of chocolate.