Chocolate Liqueur Market By Product Type (Dutch, Natural Cocoa Liquor), By Cocoa Variety (Forastero, Criollo, Trinitario), By Form (Wafers, Blocks, Chips, Liquid), By Application (Chocolate and Confectionery, Ice Cream, Food and Beverage Coatings, Bakery)

Chocolate Liqueur Market By Product Type (Dutch, Natural Cocoa Liquor), By Cocoa Variety (Forastero, Criollo, Trinitario), By Form (Wafers, Blocks, Chips, Liquid), By Application (Chocolate and Confectionery, Ice Cream, Food and Beverage Coatings, Bakery): Global Opportunity Analysis and Industry Forecast, 2021-2031

The chocolate liqueur market size was valued at $4,548.7 million in 2021, and is projected to reach $6,885.8 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.

The chocolate liqueur is meant to provide chocolate flavored liqueur made from a base liqueur of whisky or vodka. It is to be consumed straight as an after-dinner drink and is also mixed in drinks and desserts, especially in desert sauces, cakes, and truffles. Increase in popularity of chocolate-based products in the food & beverage sector continues to influence companies toward increasing the production of chocolate liqueur. Different products are being made from chocolate liqueur. These include chocolate butter chocolate-based creams and other chocolate solids.

The application of chocolate liqueur in drinks has increased particularly among the working population as the time required for the preparation of these drinks is less. Manufacturers across the world are introducing chocolate infused drinks to increase their respective customer base.

The demand for chocolate liqueur has increased drastically in recent years owing to consumer preference for new flavors. However, the production has not increased as per demand; thus, high investment to ramp up production capacities and enhanced R&D to develop chocolate liqueur-based products that appeals the consumer in terms of taste is the primary focus for market players. Consumer preference for new texture, flavor along with taste and health benefits of cocoa is inspiring key market players to develop new products.

The mixing of chocolate liqueur with beetroot in cakes is an example of new consumer trend that attracts the consumer attention toward chocolate liqueur. In addition, inclination of consumers toward premium cocoa-based chocolate liqueur has increased consumption in the U.S., Germany, the UK, and other developed countries. This ultimately led to chocolate companies such as Ferrero to invest in expanding their offerings and incorporating chocolate liqueur in their products.

During the initial stage of the COVID-19 lockdown, there was a negative impact on the chocolate liqueur market, as sales and production facilities of chocolate liqueur products were completely shut down. However, relaxation in the protocols in both import and export of cocoa as well as opening of production facilities has helped the market to stabilize in recent times. The consumption of chocolates at home increased dramatically and the chocolate consumable products were purchased in bulk resulting in higher volume of sales through supermarket, hypermarket, and online sales channel during lockdown.

Europe dominated the global chocolate liqueur market owing to high consumer demand and preference for chocolate liqueur-based confectionery and food products. The demand for chocolate liqueur has also increased as preference of chocolate liqueur as ingredient in various confectionery and beverage products. In addition, increase in demand for premium chocolates has led chocolate manufacturers to expand their product line which includes new flavors such as chocolate liqueur caramel for the premium chocolate consumers. Also, countries such as Germany, Belgium, and The Netherlands, have higher consumption of chocolate liqueur products per person as compared to various countries across the globe. Also, the European countries are major exporters of chocolate across the globe. Moreover, developing economies such as China, India, Thailand, and South Africa has also seen increased demand for chocolate liqueur-based products mainly in confectionery and bakery industry.

However, some of the malpractices in the chocolate liqueur market which includes using of low-quality sugar and addition of minerals to increase final product weight has hampered the market growth. Also, inclusion of starch during the manufacturing of chocolates and use of non-permitted artificial colors are projected to impact with the taste and quality of the chocolate liqueur.

The chocolate liqueur market is segmented into product type, cocoa variety, form, application, and region. On the basis of product type, it is bifurcated into Dutch, and natural cocoa liquor. On the basis of cocoa variety, the market is classified into forastero, criollo, and trinitario. On the basis of form, it is categorized into wafers, blocks, chips, and liquid. On the basis of application, it is fragmented into chocolate and confectionery, ice cream, food & beverage coatings, and bakery. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, The Netherlands, Switzerland and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East & Africa).

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chocolate liqueur market analysis from 2021 to 2031 to identify the prevailing chocolate liqueur market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the chocolate liqueur market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global chocolate liqueur market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Form

Wafers
Blocks
Chips
Liquid

By Application

Chocolate and Confectionery
Sales channel
Hypermarket and supermarket
Specialty stores
Convenience stores
Online sales channel
Ice Cream
Food and Beverage Coatings
Bakery
Sales channel
Hypermarket and supermarket
Specialty stores
Convenience stores
Online sales channel

By Product Type

Dutch
Natural Cocoa Liquor

By Cocoa Variety

Forastero
Criollo
Trinitario

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Italy
Germany
France
Spain
The Netherlands
Switzerland
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Thailand 
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Key Market Players

Cargill, Incorporated
ADM
United Cocoa Processor, Inc.
Blommer Chocolate Company
Nestlé S.A
Barry Callebaut
JB Cocoa
Delfi Limited
Tootsie Roll Industries
Mars Incorporated
Mondelez International Inc.
Ferrero International S.A
The Hershey Company
Olam Group
Ciranda, Inc.

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