Global Cocoa Liquor Market By Production Type, By Variety of Cocoa, By Product Type, By Distribution Channel, By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

A variety of cocoa products are made from cocoa liquor, including cocoa butter and other chocolate solids. Over the years, demand for cocoa liquor has surged, and producers are working on increasing their production capacity. Although farmers are increasingly motivated to cash crops, which has stimulated cocoa cultivation in the agricultural sector. Cocoa liquor, which is also known as chocolate liquor, is a semi-solid, or solid sugar-free baked chocolate obtained from ground cocoa beans. Cocoa beans are treated to produce three main products: cocoa butter, cocoa liquor and cocoa powder. To make cocoa liquor, the cocoa beans are dried, fermented, roasted, and then crushed to transform it into a paste, i.e. cocoa liquor. Chocolate liquor and cocoa butter are different products because liquor is a chocolate-based alcohol base. As compared to cocoa butter, cocoa butter has a lower fat content and is, therefore, less valuable than cocoa butter. Chocolate liquor is one of the most important ingredients in chocolate production because it imparts unique physical properties to chocolate, such as flavor and color.

The global cocoa liquor market is focused on the actual use of products in deserts, ice cream, confectionery and bakery products. The cocoa liquor market accounts for more than 35% of the global cocoa market. Chocolate liquor is even used to manufacture cocoa powder and cocoa butter utilizing pressing operations. The cocoa liquor produced by these companies does not contain any gluten, allergens, and is not made from any genetically modified materials. The cocoa liquor varieties provided by different companies are different, and each variety may vary depending on the region in which the cocoa beans are obtained for production. They are also manufactured using different processes (such as natural cocoa liquor).

The global food and beverage industry’s chocolate products producers are increasingly adopting Dutch production processes. This has affected the demand for Dutch cocoa liquor. Darker in color, consumers are likely to prefer Dutch cocoa liquor than natural cocoa liquor, especially in baking applications. It is projected that almost 630,000 tons of Dutch cocoa liquor were sold in the global market in 2017. Based on the variety of cocoa beans, Forastero and Creolelo are still expected to be in high demand, as cocoa liquors made with these varieties may be more abundant than Trinitario and other cocoa varieties affect consumer taste preferences. Over the forecast period, Trinitario cocoa liquor will proliferate at a compound annual growth rate of 5.2%.

The regional breakdown of the cocoa wine market is divided into seven different regions: Western Europe, North America, Eastern Europe, Latin America, Asia Pacific, the Middle East and Africa. The Western Europe and the United States dominate the growth of cocoa liquor because of their high demand for chocolate production.

Based on the Production Type, it can be classified into:

• Continuous Roasting System
• Batch Roasting System
• Other Production Types

Based on the Variety of Cocoa it can be segmented as:

• Criollo
• Forastero
• Trinitario
• Other Cocoa Varieties

Based on the Product Type cocoa liquor can be further segmented into:

• Organic Cocoa Liquor
• Conventional Cocoa Liquor

Various Industrial Vertical for cocoa liquor is:

• Chocolate and Confectionery
• Ice Cream
• Food and Beverage Coatings
• Bakery
• Other Industries

Based on the Distribution Channel, it can be further classified into:

• Hypermarkets/Supermarkets
• Retailers
• Online Stores
• Convenience Stores
• Other Distribution Channels

Key Players in the market are:

• Cargill Inc.
• Archer Daniels Midland Company
• Niche Cocoa Industry Ltd.
• United Cocoa Processor, Inc.
• JBCOCOA
• Blommer Chocolate Company
• Barry Callebaut
• Valrhona, Mars, Inc.