In 2025, chocolate-coated almond prices showed notable ups and downs across global markets. Early in the year, almond prices rose sharply due to strong international demand and fears of crop shortfalls in major producing regions like Turkey and the United States. Limited supplies pushed prices higher, and both local and imported varieties reached similar levels. Cocoa, the main ingredient for chocolate coating, also saw steep price increases in the first half of the year. Poor harvests in West Africa, unseasonal weather, plant diseases, and trade tariffs created supply pressure, raising production costs for chocolate-coated almonds.
In the middle of the year, almond prices dropped briefly after forecast corrections and the availability of existing stocks eased immediate supply concerns. Cocoa prices fluctuated due to temporary market corrections and some improvement in supply expectations, but overall costs remained high. In the third quarter, cocoa prices eased slightly as manufacturers reduced processing and explored alternatives, while almond demand stayed steady for snacks and festive sales.
By the fourth quarter, prices stabilized moderately. Cocoa prices were lower than their early-year highs, and almond supplies became steadier. This allowed chocolate-coated almond prices to remain firm but manageable for manufacturers and consumers.
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According to Procurement Resource, Chocolate Coated Almonds prices may continue to fluctuate depending on weather, crop yields, and global demand trends.
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In 2024, the prices of chocolate-coated almonds generally moved upward in the global markets. During the first half of the year, almond prices stayed mostly range-bound, with limited changes in exports and trade activity. Spain, a key supplier, saw mixed export performance, with shipments rising to some countries and falling to others, keeping overall almond availability steady but limited. When the new harvest arrived in the second half of the year, prices briefly softened due to the higher supply. However, strong domestic and international demand, especially from festive and wedding seasons, quickly pushed prices upward again.
Cocoa, a key ingredient in chocolate coatings, also influenced prices. Global cocoa supply remained tight due to poor harvests in West Africa, aging trees, plant diseases, and adverse weather conditions such as El Niño. Rising cocoa costs increased production expenses for chocolate-coated products, supporting higher retail prices. Combined with limited almond supply and higher demand, these factors maintained a generally bullish trend for chocolate-coated almonds throughout 2024.
Chocolate Coated Almonds, as the name says, are basically those almonds which are dipped in and processed with chocolate. These are processed commercially and are widely used to enhance the taste of the dishes or food products. They contain antioxidants and flavonoids. These almonds are extensively used in food products like sweets, chocolates, custards, etc.
Sweets, Baked Goods, Chocolates, Custards, Biscuits, Ice Creams
Cadbury NZ (Mondelez International Group), Vieira De Castro, Blue Diamond Growers, Sapphire (Dugar Overseas Pvt. Ltd.), ApricotKing
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In the panning process, a large drum is utilised that is set to spin at a certain speed in order to prevent the spilling of the inner materials, in this case, almonds. The liquid chocolate is gently poured upon the almonds placed inside the drum to form a chocolate coating around them. After obtaining the desired coating thickness, these almonds are finally polished and sold.
Siddharth David
Manager - Market Research
Delivering market research and procurement intelligence at Procurement Resource with a focus on economic forecasting, commodity analysis, and client advisory to help sourcing teams make data-backed purchasing decisions.
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