Global Sales of Cocoa Liquor Is Set To Surpass A Valuation of US$ 6.2 Billion by 2032

The global 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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The presence of edible alcohol in cocoa liquor continues to become a major concern for environmental companies as the production of cocoa liquors entails the emission of toxic elements. Considering the aforementioned factors, the market for cocoa liquor is projected to touch US$ 8.25 Bn by the end of the forecast period (2022-2032).

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.

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Key Companies Profiled:

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

"Rising in Demand for Cocoa Liquor"

Cocoa liquor is a key ingredient in the production of chocolate and other cocoa-based products. The demand for cocoa liquor has been rising in recent years due to the increasing popularity of chocolate and other cocoa-based products. This is due to the growing demand for healthier snacks and treats, as well as the increasing popularity of specialty chocolates.

Additionally, the rising demand for organic and fair trade cocoa products has also contributed to the rising demand for cocoa liquor. Furthermore, the increasing demand for vegan and dairy-free chocolate products has also driven up the demand for cocoa liquor.

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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
o 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?

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This release was published on openPR.