Prevalent popularity of chocolate-based products in the food & beverage sector continue to influence companies towards increasing the production of cocoa liquor. A wide range of cocoa products are being made from cocoa liquor, which include cocoa butter, cocoa-based creams, and other chocolate solids. Over the years, the demand for cocoa liquor is surging vigorously, while producers are struggling to extend their production capacities. While increasing inclination of farmers towards cash crops has spurred the cultivation of cocoa in the global agricultural sector, companies partaking in the global cocoa liquor market are facing challenges with respect to high use of alcohols. The presence of edible alcohol in cocoa liquor continues to become a major concern for environmental companies as the production of cocoa liquors entails emission of toxic elements.
Market Taxonomy
|
Region |
Product Type |
End Use Industry |
Cocoa Variety |
Form |
|
North America |
Dutch |
Chocolate and Confectionery |
Criollo |
Wafers |
|
Latin America |
Natural |
Ice Cream |
Forastero |
Blocks |
|
Europe |
Food and Beverage Coatings |
Trinitario |
Chips |
|
|
Japan |
Beverages |
Other Cocoa Varieties |
Liquid |
|
|
APEJ |
Bakery |
|||
|
MEA |
Other End Use Industries |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
Marginally High Demand for Dutch Cocoa Liquors
Increasing adoption of the Dutching process among producers of chocolate products in the global food and beverage sector is slated to influence the demand for Dutch cocoa liquor. Being darker in color, consumers are expected to remain inclined towards Dutch cocoa liquor over natural cocoa liquor, particularly for baking applications. In 2017, over 630,000 tons of Dutch cocoa liquor is estimated to have been sold in the global market.
On the basis of the variety of cocoa beans, Criollo and Forastero are expected to remain in great demand as cocoa liquor made from these varieties are likely to influence the consumer taste preferences more as compared to Trinitario and other cocoa varieties. Over the forecast period, Trinitario cocoa liquor will register fast growth at a CAGR of 5.2%. The report further projects that the demand for Criollo cocoa liquor will dwindle towards the latter half of the forecast period, albeit, accounting for more than half of the global cocoa liquor market volumes.
Surging Demand for Cocoa Liquor Wafers in the Chocolates & Confectionaries Industry
The report has analyzed the global cocoa liquor market on the basis of the form of liquor. It is forecasted that in 2017 and beyond, high amounts of cocoa liquor in the form of wafers will be sold globally. The report also reveals that chocolates and confectionaries will be the largest end-use industry for cocoa liquor, followed by ice-cream production. By the end of 2026, these two industry verticals will account for nearly half of the global cocoa liquor market volumes.
Competition Tracking
Key producers of cocoa liquor have been profiled in the report, which include Hershey's, Ghirardelli, Nestle, ADM, Cargill, Inc., Valrhona, Mars, Inc., Cocoa Processing Company, Bloomer Chocolate, and Barry Callebaut. These companies are expected to remain active in the expansion of the global cocoa liquor market during the forecast period.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
Growing demand for chocolate products in the food & beverage industry continues to fuel the production of cocoa liquor. Over the years, traditional products such as cocoa powder and cocoa butter are being mechanically processed from cocoa liquor. Companies producing high-quality chocolates are actively extending the processing capacities and optimizing the operating costs by procuring cocoa liquor at affordable prices. This report, published by Fact.MR, provides in-depth analysis of the global cocoa liquor market for the forecast period 2017-2026, and offers key insights about future market direction.
Scope
The scope of Fact.MR’s report is to analyze the global cocoa liquor market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Cocoa liquor producers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to cocoa liquor.
Summary
The report commences with a brief information of the global cocoa liquor market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global cocoa liquor market.
Overview
The next section offers an overview of the global cocoa liquor market. This comprises an introduction to the market, along with a standard definition of the product – cocoa liquor. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global cocoa liquor market, the report provides updates about market opportunities, which can benefit leading manufacturers of cocoa liquor. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for cocoa liquor manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global cocoa liquor market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The cocoa liquor market has been categorized on the basis of product type, form, cocoa variety, end-use industry, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global cocoa liquor market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global cocoa liquor market.
Research Methodology
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- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Cocoa Liquor Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026