Liqueur Chocolate Market Size, Share, Growth, and Industry Analysis by Type (Dark chocolate, Milk chocolate, White chocolate, and Other) By Application (Chocolate Bars and Flavoring Ingredient), Regional Insights, and Forecast From 2024 To 2031

Updated On: 01 April 2024

Liqueur Chocolate Market Report Overview

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The global liqueur chocolate market size was USD 644.15 million in 2021 and is projected to touch USD 1109.66 million by 2031, exhibiting a CAGR of 5.59% during the forecast period.

Liqueur chocolate is known as cocoa liquor. It is a pure cocoa mass in semi-solid or solid form. The product contains both cocoa butter and cocoa solids in roughly equal proportion. It is produced from cocoa beans which are roasted, fermented, dried and separated from their skins. In short, liqueur chocolate means chocolate flavored liqueur made from a base liqueur of vodka or whisky.

The drink is gaining popularity among working population as it required less time for preparation. Several market players are introducing new flavors and customer base drinks is expected to fuel market growth.  High demand for lemon-flavored chocolates made with liquor and rapid innovations in the drink to attract more customers. Also, several manufacturers are focused to introduce other ingredient in liqueur cocoa end products such as yogurt, pepper, and lemon oil. The drink offers as energy booster and high need for chocolate infused drinks to attract large number of customers, which is predicted to fuel market growth in the forthcoming years. Further, increased adoption of premium chocolate and growing awareness about the benefits of the chocolates is anticipated to drive market growth in the forthcoming years. On the contrary, high costs of premium chocolates is anticipated to limit market growth in the forthcoming years.

COVID-19 Impact: Downfall in Sales and Production Facilities to Minimize Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with liqueur chocolate experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

During the initial stage of the Coronavirus pandemic the liqueur chocolate market witnessed a negative due to downfall in the sales and production facilities. Shutdown of manufacturing units to minimized production activities. Consumption rate of the chocolate dramatically falls down. However, reopening of the shops and relaxation in the protocols to recover market

LATEST TRENDS

"Growing Popularity of Chocolate-Based Product to Fuel Market Growth"

Increased popularity of chocolate-based product is expected to fuel market progress.  Growing awareness among population about low sugar content in dark chocolate and dark chocolates are good for heart. Dark chocolate is primary ingredient of liqueur chocolate, which is estimated to drive market growth. Dark chocolate improves flow of blood to skin it act as natural sun protection layer on the skin. The bioactive compounds presence in dark chocolate is good for skin. Further, it helps to boost hydration on the skin is predicted to foster market progress in the forthcoming years.

Liqueur Chocolate Market Segmentation

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• By Type

Based on type, the market is divided into dark chocolate, milk chocolate, white chocolate, and other.

Dark Chocolate is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into chocolate bars and flavoring ingredient.

Chocolate bars are expected to be the top part of application segmentation.

DRIVING FACTORS

"Heathy Benefits of the Drink to Improve Market Growth "

Cocoa contains a high concentration of phytonutrients and they are less in sugar & fat. Cocoa is used while making chocolate liqueur and health conscious population prefer to have the drink for its lower calories. High demand for lemon-flavored chocolates made with liquor and rapid innovations in the drink to attract more customers. Also, several manufacturers are focused to introduce other ingredient in liqueur cocoa end products such as yogurt, pepper, and lemon oil. The drink offers as energy booster and high need for chocolate infused drinks to attract large number of customers, which is predicted to fuel market growth in the forthcoming years. Further, increased adoption of premium chocolate and growing awareness about the benefits of the chocolates is anticipated to drive market growth in the forthcoming years.

"Increased Spending Capacity of Population to Stimulate Market Progress"

Increasing spending capacity of population and rise in disposable income is projected to stimulate market growth. Further, consumption of cocoa offers lower blood pressure and even reduce stress. The product has smooth texture and delicious in taste. Also, the drinks help to reduce hypertension, and increased number of chronic diseases is predicted to drive market growth in the upcoming years. The product helps to reduce chronic fatigue syndrome and helps to improve sex drive is anticipated to foster market growth in the forthcoming years.

RESTRAINING FACTORS

"Higher Cost of Premium Chocolates to Obstruct Market Growth "

High costs of premium chocolates is anticipated to limit market growth in the forthcoming years.

Liqueur Chocolate Market Regional Insights

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"Rise in Purchasing Power in Asia Pacific to Drive Market Growth "

Asia Pacific is anticipated to account for the highest liqueur chocolate market share owing to rise in purchasing power among consumers. Several companies are introducing new products such as chips, wafer, and liquids in developing market. Growing awareness about health awareness among population is predicted to drive market progress. Several campaigns by several market players for environmental-friendly and ethically produced is anticipated to accelerate market progress.

Europe is predicted to fuel market growth due to several market players are introducing new flavors and customer base drinks is expected to fuel market growth.  High demand for lemon-flavored chocolates made with liquor and rapid innovations in the drink to attract more customers. Also, several manufacturers are focused to introduce other ingredient in liqueur cocoa end products such as yogurt, pepper, and lemon oil. The drink offers as energy booster and high need for chocolate infused drinks to attract large number of customers, which is predicted to fuel market growth in the forthcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Mondelez (U.S.)
• Mars (U.S.)
• Blommer (U.S.)
• Stella Bernrain (Switzerland)
• Ezaki Glico (Japan)
• Barry Callebaut (Switzerland)
• Nestle (Switzerland)
• Ferrero (Italy)
• Brookside (U.S.)
• Hershey's (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.