Liquid Chocolates Market Witness Significant Growth by 2028 | Nestle S.A., The Hershey Company, The J.M. Smucker Company, Monin

Cargill expanded its presence in liquid chocolates market with the investment of €12 million in a new liquid chocolate production line

Liquid Chocolates Market, by Product Type (White Chocolate, Dark Chocolate, and Milk Chocolate), by Application (Food (Bakery Products, Confectionary Products, Ice Cream, and Others) & Beverages (Milkshakes, Smoothies, and Others)), by End Use (Commercial & Residential), by Distribution Channel (B2C (Hypermarkets & Supermarkets, Specialty Stores, Online Channel, and Others) and B2B), Cocoa provides phytochemicals, which is an antioxidant. The amount of cacao defines different variety of chocolates such as dark, milk or white chocolate. and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ XX million in 2021 and is expected to exhibit a CAGR of XX% over the forecast period (2021-2028), as highlighted in a new report published by Coherent Market Insights

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Market Overview:
Liquid chocolate is one of the popular food ingredient used as topping to different desserts or can be mixed with milk beverages to add sweet flavor.

Competitive Landscape: Nestle S.A., The Hershey Company, The J.M. Smucker Company, Monin, R. Torre & Company, Amoretti, Ghirardelli Chocolate Company, Walden Farms, AH!LASKA, Olam International, CEMOI, Baronie Group, Blommer Chocolate Company, NATRA, and Barry Callebaut among others

Key Drivers
Growing awareness regarding health benefits of chocolate is driving growth of the liquid chocolates market. Dark chocolate are gaining popularity as its consumption protects the skin against sun damage, increases skin hydration, improve blood flow to the skin, and enhance brain functioning. Increasing chocolate syrups to decorate & provide taste to variety of bakery & confectionary products is again fostering growth of the market.

Increasing investment for expanding production of liquid chocolate by key player is again fostering growth of the market. For instance, in June 2018, Cargill has invested €12 million (US$13.8 million) in a new liquid chocolate production line at its Mouscron production facility in Belgium. This additional investment brings the total investment of the site up to €47 million (US$54.3 million).

Covid-19 Impact Analysis

After the COVID-19 virus began to spread, food &beverage industries moved decisively in order to protect their employees and secure supply chains. During initial days, the market and grocery stores were closed but later it has created a massive spike in online grocery delivery. However, key players are looking for adopting various strategies for reimagining and reforming their business in the market.

Key Takeaways:
1. The liquid chocolates market is expected to exhibit a CAGR of XX % over the forecast period owing to the increasing consumption of bakery and confectionary products and expansion of supermarket &hypermarkets around the globe.

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2. North America is expected to gain significant growth over the forecast period owing to the high sale of liquid chocolate during occasions and festivals such as Easter, Valentine’s Day, Halloween, and Christmas. According to the International Housewares Association, in 2017, the U.S. retail sales of chocolate products was highest during Easter with a value of US$ 935 million, followed by Christmas, Valentine’s Day, Halloween, and other similar public holidays/occasions with values US$ 776 million, US$ 524 million, US$ 383 million, and US$ 12 million, respectively.

Mr. Shah
Coherent Market Insights
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Email:sales@coherentmarketinsights.com

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

This release was published on openPR.