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Worldwide Sales Of Cocoa Liquor Is Slated To Accelerate At A CAGR Of 2.9% By 2032 | Fact.MR Analysis

01-18-2023 05:52 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: fact.mr

Cocoa Liquor

Cocoa Liquor

The worldwide sales of cocoa liquor market is set to surpass a valuation of US$ 6.2 Bn by the end of 2022. The market size is expected to grow at a CAGR of 2.9% during the period of assessment.

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Competitive Landscape

The competitive landscape of the cocoa liquor market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies. Some notable developments are as follows:

• In October 2021, Hershey India announced the addition of two new flavors to its 'Hershey's Exotic Dark' range of premium chocolates. The newly announced flavors include 'Blackberry Granules' and 'Guava & Mexican Chili' made with whole roasted California Almonds especially curated for the next generation of consumer who has an ever-evolving palate.

• In March 2021, Nestle launched its latest range of 'Incoa' bars, a unique product that uses cocoa fruit pulp as a healthy and eco-friendly sugar substitute. The usage of cocoa pulp is ingenious. As per reports, the 'Incoa' bar will be launched in France and the Netherlands, with other markets in Europe soon to follow. The use of cocoa fruit pulp in making chocolate doesn't just reduce added sugar but also cuts on product waste in chocolate manufacturing.

Key Companies Profiled:

• Hershey's
• Ghirardelli
• Nestle
• ADM
• Cargill Inc.
• Valrhona
• Mars Inc.
• Cocoa Processing Company
• Bloomer Chocolate
• Barry Callebaut

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"Rising in Demand for Cocoa Liquor Industry"

The cocoa liquor industry is experiencing a surge in demand due to the increasing popularity of chocolate products. Cocoa liquor is a key ingredient in the production of chocolate, and its demand is expected to continue to grow as consumers become more aware of the health benefits associated with dark chocolate.

The rising demand for cocoa liquor is being driven by the growing demand for premium chocolate products, as well as the increasing popularity of vegan and organic chocolate products.
Additionally, the growing demand for cocoa-based beverages such as hot chocolate and mocha is also contributing to the growth of the cocoa liquor industry. The rising demand for cocoa liquor has led to an increase in production, with many companies investing in new production facilities and expanding their existing ones. This has resulted in an increase in the number of suppliers in the market, which has helped to drive down prices and make cocoa liquor more accessible to consumers.

Furthermore, the increasing demand for cocoa liquor has also led to an increase in research and development activities, which has resulted in improved quality and better tasting products. The rising demand for cocoa liquor is expected to continue in the coming years, as more consumers become aware of the health benefits associated with dark chocolate.

Additionally, the increasing popularity of vegan and organic chocolate products is also expected to drive up demand for cocoa liquor. As such, the cocoa liquor industry is expected to remain a lucrative market for producers and suppliers in the near future.

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Key Segments :

• By Product Type :

o Dutch
o Natural

• By End Use Industry :

o Chocolates & Confectionery
o Ice Cream
o Food and Beverage Coatings
o Beverages
o Bakery Products
o Other End Use Industries

• By Cocoa Variety :

o Criollo Forastero
o Trinitario
o Other

• By Form :

o Wafers
o Blocks
o Chips
o Liquid

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

Explore Fact.MR's More Insights on the Food & Beverage Domain

https://www.prnewswire.com/news-releases/probiotic-soda-market-to-grow-two-fold-as-on-the-go-consumption-trend-gains-impetus-301590969.html

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