Choconomics
High cocoa prices have triggered a wave of “reformulations” — the industry’s polite term for recipe changes across the U.S. chocolate market. The familiar “milk chocolate” label (a term regulated by the FDA) is quietly being replaced by the more flexible “chocolate candy.” Over the last decade, climate change has added six extra weeks of extreme heat every year to most West African cocoa-growing regions. The result? Declining yields and rising prices. Major players like Nestlé have saved more than $500 million by adjusting recipes in response to the cocoa and coffee price surge. To cut costs, companies are swapping cocoa butter for vegetable fats, using compound coatings, and adding emulsifiers like E476 (polyglycerol polyricinoleate) to stretch limited cocoa supplies. Others are bulking up bars with sugar or chunky add-ins or even switching to cheaper beans and different manufacturers. Chocolate Standards: A Global Contrast U.S. (FDA): Milk chocolate must contain at least 10% cocoa s...