Press release
Cocoa Liquor Market Projects Greater Demand Owing to Higher Contribution by Leading Players during 2017-2026| Key players Hershey's, Ghirardelli, Nestle, Mars, Cocoa Processing Company
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In the approaching years, the demand-supply gap in the global cocoa liquor market will be a key reason for its sluggish growth. Apropos a Fact.MR forecast study, over 1.4 million tons of cocoa liquor is expected to be sold across the globe by the end of 2026. The study has also assessed that during the forecast period, the global cocoa liquor market will expand at a CAGR of 2.9%. Key findings from the report also reveal that a majority of cocoa liquor will be produced in the Asia-Pacific excluding Japan (APEJ) region, while Europe and North America will represent largest consumer marketplaces for cocoa liquor through 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.
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.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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