On Monday, Cargill announced it was acquiring all of ADM’s six chocolate plants as well as the Ambrosia, Merckens and Schokinag brands for $440m.
“The transaction means that Barry Callebaut and Cargill are the top two global cocoa manufacturers. Is that such a bad thing? A duopoly, especially in a volatile industry such as cocoa, could be a risk,” said Marcia Mogelonsky director of insight at Mintel.
According to a graph in Barry Callebaut’s 2013 results, Cargill has extended its lead in industrial chocolate over Blommer, but it still trails Barry Callebaut on volume sales after the ADM chocolate buy.