Global Cocoa Liquor Market Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026
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The report 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.
6 Key Takeaways from The Report
1) 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.
2) 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.
3) 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.
4) 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.
5) Over the forecast period, chocolates and confectionaries will represent the largest end-use industrial vertical for cocoa liquor products, followed by ice-cream industry.
6) 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.
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.
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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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