Dutch Chocolate Liquor to Outshine Other Liquor Types in Cocoa Liquor Market - Fact.MR

Dutch Chocolate Liquor to Outshine Other Liquor Types in Cocoa Liquor Market - Fact.MR

PR Newswire

NEW YORK, Jan. 13, 2022

Cocoa Liquor Market to Tap in US$ 6.2 Billion Valuation by 2032 – Study by Fact.MR

Fact.MR's latest report on the cocoa liquor market offers 10-year forecast through 2022 & beyond. The report explicates on vital dynamics, such as drivers, restraints and emerging opportunities shaping the market dynamics. To present the information in a more vivid manner, the report has been segmented in terms of product type, cocoa variety, form & end use industry and region.

NEW YORK, Jan. 13, 2022 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: By the end of 2022, the worldwide cocoa liquor market is expected to reach a value of US$ 6.2 billion. During the assessment period, the market is estimated to increase at a CAGR of 2.9 percent.

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The demand for cocoa liquor has risen steadily over the years, but companies have struggled to expand their production capacities. While farmers' increased preference for cash crops has boosted cocoa planting in the worldwide agricultural sector, enterprises competing in the global market face obstacles due to the widespread use of alcohol.

The number of people who buy premium and specialty chocolate has been increasing in recent years. One of the main 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, global leaders like as Mars and Ferrero are investing in improving their existing and future offers, as well as introducing cocoa liquor into their offerings.

Consumers are engaging in more indulgent activities, particularly when it comes to food. They want texture, flavor, and color, which is a key driver of the cocoa liquor market's growth.

Attributes

Details

Market Size (2022)

US$ 6.2 Bn

Projected Market Forecast Value by 2032

US$ 8.25 Bn

Value CAGR (2022-2032)

2.9%

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

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

For example, combining chocolate flavors with beetroot in cakes and merging chocolate bars with radically contrasting but complementary kale flavors are both recent market trends.

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

"Increasing consumer preference for different flavored food and beverage items is prompting manufacturers to incorporate cocoa liquor flavored ready-to-eat products, widening growth prospects for the market," remarks a Fact.MR analyst.

Key Takeaways:

Growth Drivers:

Key Restraints:

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Competitive Landscape

Product innovation and strategic mergers and acquisitions influence the competitive landscape of the cocoa liquor market. To take advantage of lucrative opportunities in developing markets, front-runners are focusing capacity increases and global footprint development. The following are some noteworthy developments:

Some of the prominent 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 from (2022-2032). The study divulges compelling insights on the global cocoa liquor market with a detailed segmentation on the basis of:

Key Questions Covered in Cocoa Liquor Market Report

Explore Fact.MR's Coverage on the Food & Beverage Domain –

Cocoa Market Analysis - In the future years, rising demand for chocolate in emerging economies will create profitable potential for the cocoa market. As a result, demand for cocoa products has soared. Dutch flavored cocoa to dominate the market.

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

Cocoa Extract Market Trends – Consumers' growing interest in healthy living, as well as their concerns about the influence of food intake on health and wellness, has fueled demand for higher-quality cocoa, which is projected to drive expansion in the cocoa extract market.

Cocoa Butter Market Insights - Consumer demand for improved texture, look, and flavor has sparked unprecedented levels of innovation around the world. Cocoa butter, which imparts a delicate smoothness and makes chocolate goods visually appealing, is in higher demand than ever before in this business.

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