Alcohol types

Dutch chocolate liqueur will outperform other types of liqueurs in the cocoa liqueur market

NEW YORK, January 13, 2022 /PRNewswire/ — Fact.MR – A market research and competitive intelligence provider: By the end of 2022, the global cocoa liquor market is expected to reach a value of US$6.2 billion. Over the assessment period, the market is expected to grow at a CAGR of 2.9%.

The demand for cocoa liquor has steadily increased over the years, but companies are struggling to expand production capacity. While farmers’ increased preference for cash crops has boosted cocoa planting in the global agricultural sector, companies competing in the global market face obstacles due to the widespread use of alcohol.

The number of people buying premium and specialty chocolate has increased in recent years. One of the major causes for the increase in market demand is the great flavor of cocoa liquor.

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Customer penetration for high-priced chocolate products is also increasing. As a result, world leaders such as Mars and Ferrero are investing in improving their existing and future offerings, as well as introducing cocoa liquor into their offerings.

Consumers engage in more greedy activities, especially when it comes to food. They want texture, flavor and color which is a key driver for the growth of the cocoa liquor market.

Attributes

Details

Market size (2022)

US$6.2 billion

Projected value of market forecast by 2032

US$8.25 billion

CAGR Value (2022-2032)

2.9%

The widespread popularity of chocolate-based items in the food and beverage industry continues to drive companies to increase production of cocoa liquor. Cocoa liquor is used to make a variety of cocoa products, including cocoa butter, cocoa creams and various chocolate solids.

Manufacturers are working on a variety of flavors to appeal to a wide range of consumer tastes. Chocolate and vegetables, for example, have become increasingly popular in recent years in various categories.

For example, combining chocolate flavors with beetroot in cakes and fusing chocolate bars with radically contrasting yet complementary cabbage flavors are two recent market trends.

The cocoa liquor sector in United States should have the largest market share and be the most profitable North America.

“Growing consumer preference for different flavored foods and beverages is prompting manufacturers to incorporate cocoa liquor flavored ready-to-eat products, broadening the growth prospects of the market,” remarks a Fact.MR analyst.

Key points to remember:

  • Trinitario cocoa liquor is expected to grow at a CAGR of 5.2% through 2032.
  • Forastero cocoa liquor revenues will account for 3/4 of the global cocoa liquor market.
  • Cocoa liquor wafers are estimated to account for 50% of market demand.
  • From 2022 to 2032, coca liquor sales are expected to grow at a CAGR of 3% in United States.
  • india demand for cocoa liquor is expected to grow at a rate of 5.5% per year.
  • Until 2032, Germany will represent 1/5and of the world’s cocoa liquor revenues.
  • Cocoa liquor revenues are expected to reach US$6.2 billion by 2022.

Growth drivers:

  • Rising demand for premium and specialty chocolate to drive cocoa liquor market growth.
  • New cocoa liquor flavors to create lucrative market opportunities.

Key constraints:

  • Toxic elements are released during the production of cocoa liquor due to the presence of edible alcohol.

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Competitive landscape

Product innovation and strategic mergers and acquisitions are influencing the competitive landscape of the cocoa liquor market. To take advantage of lucrative opportunities in developing markets, leaders are focusing on capacity increases and expanding their global footprint. Here are some notable developments:

  • In October 2021, Hershey India has announced the addition of two new flavors to its “Hershey’s Exotic Dark” line of premium chocolates. ‘Blackberry Granules’ and ‘Guava & Mexican Chili’, both produced with whole roasted California almonds, are among the new flavors, which have been specifically selected for the next generation of customers with ever-changing palates.
  • In March 2021, Nestlé introduced its latest range of ‘Incoa’ bars, a unique product that uses cocoa fruit pulp as a nutritious and environmentally friendly sugar substitute. This is a brilliant use of cocoa pulp. According to reports, the “Incoa” bar will debut in France and the Netherlands, with other European countries to follow soon. Chocolate made with cacao fruit pulp not only reduces added sugar, but also product waste in the manufacturing process.

Some of the Major Players operating in the Cocoa Liquor Market profiled by Fact.MR are:

Fact.MR provides an unbiased analysis of the cocoa liquor market, presenting historical demand data (2017-2021) and forecast statistics for the period (2022-2032). The study discloses compelling insights into the Global Cocoa Liquor Market with detailed segmentation on the basis of:

  • By product type:
    • Dutch cocoa liquor
    • Natural cocoa liquor
  • By end-use industry:
    • Cocoa liquor for chocolates and confectionery
    • Cocoa liquor for ice cream
    • Cocoa liquor for food and beverage coatings
    • Coca liquor for beverages
    • Cocoa liquor for baked goods
    • Coca liquor for other end use industries
  • By cocoa variety:
    • Criollo Cocoa Liquor
    • Forastero Cocoa Liqueur
    • Trinitario Cocoa Liqueur
    • Other varieties of cocoa liquor
  • By form:
    • Cocoa liquor wafers
    • Cocoa liquor blocks
    • Cocoa Liquor Chips
    • Liquid cocoa liquor

Key questions covered in Cocoa liquor Market report

  • The report provides an overview of the cocoa liquor market demand outlook for 2022-2032.
  • The market study also highlights the forecasted sales growth for the cocoa liquor market between 2022 and 2032.
  • The Cocoa Liquor Market investigation identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current and forecast market size and technological advancements in within the industry.
  • Cocoa Liquor Market share analysis of major companies in the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, etc.

Explore Fact.MR’s Food & Beverage Coverage –

Cocoa market analysisIn the coming years, the growing demand for chocolate in emerging economies will create profitable potential for the cocoa market. As a result, the demand for cocoa products has exploded. Flavored Dutch cocoa to dominate the market.

Cocoa Powder Market Forecast Increased production of confectionery syrup and chocolates with growing preference for better flavor, color and texture to drive demand for cocoa powder as a coloring agent.

Cocoa Extract Market Trends – Growing consumer interest in healthy living, along with concerns about the influence of dietary intake on health and well-being, has fueled demand for higher quality cocoa, which is expected to drive the expansion of the cocoa extract market.

Cocoa butter market overview – Consumer demand for improved texture, appearance and flavor has driven unprecedented levels of innovation around the world. Cocoa butter, which imparts a delicate creaminess and makes chocolate products visually appealing, is more in demand than ever in this sector.

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