Fuelled by chocolate's popularity, diverse tastes, and premium low-calorie options, the cocoa liquor market growth is driving production expansion and is already valued at $7,021 million. Even in emerging economies, deep penetration of cocoa-infused confectioneries is feeding the market’s growth as chocolate manufacturers extensively use cocoa liquor in their production processes.
According to the research, businesses are also aligning their production activity to profit from the increasing trend of organic chocolate goods and clean-label products. Additionally, increasing awareness of the health benefits associated with cocoa liquour is expected to boost its demand among end users.
Overall, the growing demand for chocolate confectionery and food is pushing the sales of cocoa liquor among multiple end users expanding its steady growth over the following years. Research shows the market is backed by escalating demand for specialty or artisan chocolates.
These premium chocolates are mostly used for gifting purposes. Low-calorie dark chocolate is also gaining widespread prominence across the globe, as reflected by the uptake of cocoa liquor-infused goods.
"Rising global demand for premium chocolate signifies a growing niche market, prompting industry leaders like Mars and Ferrero to diversify offerings with cocoa liquor integration, a strategic move capturing the evolving consumer preferences,” an FMI research consultant said.
To capitalise on the trend, manufacturers are investing and building their units in different geographies to spread their operations wide, the new research also reveals.