Global Dutch Cocoa Liquor Market Analysis Highlighting Opportunities
Posted by Arslan on September 24th, 2019
The report studies the cocoa liquor market worldwide, especially in North America, Europe, Southeast Asia, India and Other Regions with production, size, growth, revenue, consumption, import and export in these regions. In order to study the various trends and patterns prevailing in the concerned market, Fact.MR has included a new report on cocoa liquor market to its wide online database including upcoming trends and market growth factors through 2026. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.The insights structured for presenting the target market are procured from both primary research and secondary research, and are utilized for validation that is valuable to investors, manufacturers and new entrants.
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. 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 FactMR 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.
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.
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.
Ask Industry Experts about this Report - https://www.factmr.com/connectus/sample?flag=AE&rep_id=374
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.
Like it? Share it!
About the AuthorArslan
Joined: December 18th, 2017
Articles Posted: 13,297
More by this author