Global Cocoa Liquor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
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“Global Cocoa Liquor Market” is the title of an exhaustive market research report offering by MarketResearch.biz. We have considered and analyzed a wide range of critical factors, along with thorough study and validation. The data and information that is presented in this report are well-planned and designed. In addition to the revenue shares of each segment, region, and country, revenue growth factors and scenarios, challenges, restraints, and opportunities in untapped regions colors. The company profiles section contains descriptions and detailed information on key industry players. It also includes recent developments, strategies, and acquisitions & mergers, etc. The global cocoa liquor market is segmented by type, application, and regions/countries.
Cocoa liquor is a chocolate liquor that is either solid or semi-solid that is procured from ground cocoa nibs and does not contain any sweeteners. It is a type of baking chocolate that is used in desserts and other confectionary items to enhance their taste. Cocoa liquors are processed through the stages of fermentation, drying, roasting and then finally converting it into a liquid or a paste. Cocoa liquor has alcohol content and is different from chocolate liquor. Cocoa liquors are low in fat and contain lower calories when compared to cocoa butter. Cocoa liquor is a major ingredient required in the production of chocolate as it gives the product its unique physical characteristics, in terms of color and flavor. However, the different processing techniques of cocoa beans, as well as the variations in climatic conditions needed for cultivating the beans, causes a variation in the taste and colors of the final product from region-to-region and company-to-company.
Global Cocoa Liquor Market: Dynamics
The demand for cocoa liquor is gaining traction and multinational companies are investing major portions of their budget towards the large-scale production of the product. The global cocoa liquor market has succeeded in maintaining its consolidated position over the years owing to its efficient business models and plans, major consumer-base, sufficient distribution channels and increasing brand loyalty. Companies are improving the liquor content and are ensuring that it does not contain any allergens, is gluten-free and is not derived from any genetically modified organism (GMO). These changes have ensured a steady growth rate of consumer-base for companies in these regions.
Global Cocoa Liquor Market Segmentation Analysis:
By Type: Among the product type segment, the chocolate segment is projected to account for a majority of the market’s revenue share.
By Application: In terms of the application segment, the food segment is slated to account for a majority of the global cocoa liquor market’s revenue.
Global Cocoa Liquor Market Regional Analysis
The market in North America is expected to account for the highest revenue share followed by the market in Europe. This can be attributed to factors such as the presence of a large cocoa processing bases and an increasing consumer-base in these regions
The Asia Pacific Market is projected to index a high Compounded Annual Growth Rate (CAGR) during the forecast period due to the rise in disposable incomes, growing consumption of chocolate products, improving working conditions in factories, the availability of adequate infrastructure and innovative marketing strategies adopted by chocolate companies.
Global Cocoa Liquor Market Segmentation:
- Chocolate product
- Cocoa butter
- Cocoa powder
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Barry Callebaut AG
- Cargill, Inc.
- Olam International
- Fuji Oil Company Ltd. (Blommer)
- ECOM Agroindustrial Corporation Ltd.
- Cocoa Processing Company Limited
- Touton S.A
- Niche Cocoa Industry Ltd.
- BD Associates Ghana Ltd.
- PLOT Enterprise Ghana Ltd.
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