|07-05-2018 12:19 PM CET - Industry, Real Estate & Construction||
Key Insights on Cocoa Liquor Market: Trend Evaluation & Future Forecast during the Period 2017-2026
Press release from: Fact.MR
Prevalence of chocolate as one of the most sought-after and widely consumed product in the world of food & beverages has urged companies to extend the production of cocoa liquor. Over the years, a range of chocolate products such as cocoa butter have been processed through cocoa liquor. Farmers from across the globe are increasingly shifting towards cash crops, which has incidentally spurred the global cocoa production. With ample cocoa beans at their disposal, companies in the global cocoa liquor market are setting up new processing plants and extending their production capacities. However, a key impediment for production of cocoa liquor is the cost-intensive of edible alcohols. Since production of cocoa liquor entails the use of alcohols, environmental protection agencies are creating stringency in their supply chain, and companies are being compelled to control the toxic emissions of their processing plants.
The scope of FactMR’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.
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A new report by FactMR projects that the demand for cocoa liquor will remain high in the near future, however, companies will struggle to meet them cost-effectively. During the forecast period, 2017-2026, the global market for cocoa liquor is expected to expand at a CAGR of 2.9%. By the end of 2026, over 1.4 million tons of cocoa liquor is likely to be sold in the global market. The report has addressed and analyzed a slew of factors influencing the production and consumption of cocoa liquor in the global food & beverage industry.
Key Takeaways from The Report
North America and Europe is poised to remain at the forefront of global cocoa liquor consumption. Increasing presence of chocolates in European dietary lifestyles will instrument the region’s dominance in the global cocoa liquor market. In 2017, Europe has been dubbed as the largest market for cocoa liquor, registering sales of half a million tons of cocoa liquor.
Asia-Pacific excluding Japan (APEJ) region, on the other hand, is pegged to register high production of cocoa liquor, with increasing cultivation of cocoa beans in countries such as China and India.
In terms of products, cocoa liquor made from Dutch-processed cocoa beans will be witnessing a marginally high demand compared to natural cocoa liquor products. In 2017, over 630,000 tons of Dutch cocoa liquor products are estimated to have been sold in the global cocoa liquor market.
Through 2026, cocoa liquor made from the Trinitario cocoa variety is expected to register rapid sales at a CAGR of 5.2%, while Criollo cocoa variety will account for more than 50% of the global market volumes.
Over the forecast period, chocolates and confectionaries will represent the largest end-use industrial vertical for cocoa liquor products, followed by ice-cream industry.
On the basis of form, the wafers segment is poised to dominate the global cocoa liquor market in terms of volume, bringing in revenues from sales of nearly 700,000 tons by the end of 2026.
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.
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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.
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.
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