The Global Chocolate Liqueur Market size is projected to reach USD 1.5 billion by 2028; growing at a CAGR of 5.8% during the forecast period 2021-2028. The rise in demand for chocolate-flavored food & beverages owing to changing consumer preferences and rising disposable income coupled with increasing public awareness about health benefits associated with cocoa are some of the major factors driving growth for this market globally.
Chocolate Liqueur is a liqueur made from chocolate. It typically contains cocoa powder, vanilla extract, and sugar as its major ingredient. Some recipes may add cream or milk for other consistency in taste.
On the basis of Types, the market is segmented into Chocolate Cream Liqueur, CràMe De Cacao, and Other.
The chocolate cream liqueur is a type of flavored spirit that has been made by infusing different ingredients, such as cocoa beans and spices. This product can be served cold or hot depending on the customer's preference. Usually, this beverage is left to stand for some time before it reaches its full flavor potential. It typically contains between 33% and 38% alcohol content which makes it stronger than other types of liquors like vodka or gin.
This is a type of liqueur made from chocolate. It is also known as dark chocolate liquor or simply cocoa liqueur. The drink usually has an alcohol content between 18 and 20% ABV (alcohol by volume). In terms of color, the Cràme De Cacao will be in various shades ranging from brownish to yellowish-brown.
On the basis of Application, the market is segmented into Supermarket, Hypermarket, E-Commerce, and Other.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the overall demand for Chocolate Liqueurs followed by Europe due to rising alcoholic beverage consumption among consumers residing in these regions.
The increasing trend of foodie culture, as well as growing disposable income, has also resulted in higher adoption rates for this segment globally which can be attributed to its rise in popularity over other types of liquors such as vodkas or gins thus driving the growth prospects during the forecast period.
The increasing demand for alcoholic beverages in the global market is a key factor driving the growth of this market. This has been fuelled by the growing preference among consumers to imbibe drinks that are low-calorie and sugar-free, as well as increase awareness about the health benefits of consuming such products.
Rising consumer interest in emerging markets like China, India, and Brazil will offer lucrative opportunities for international players operating in this space.
Chocolate liqueur manufacturers have started innovating their product offerings with new flavors to cater to an evolving palate of customers across geographies. New chocolate flavors include caramelized milk chocolate, white chocolate, ginger cocoa nibs, or hazelnut praline cream (chocolate). Such innovations provide avenues for chocolate-liquor manufacturers to increase their market share.
Up Market Research published a new report titled “Chocolate Liqueur Market research report which is segmented by Types (Chocolate Cream Liqueur, CrèMe De Cacao, Other), By Applications (Supermarket, Hypermarket, E-Commerce, Other), By Players/Companies Tempus Fugit Spirits, PatrónSpirits Company, Bottega, Godiva, Baileys”.
Report Attributes | Report Details |
Report Title | Chocolate Liqueur Market Research Report |
By Type | Chocolate Cream Liqueur, CrèMe De Cacao, Other |
By Application | Supermarket, Hypermarket, E-Commerce, Other |
By Companies | Tempus Fugit Spirits, PatrónSpirits Company, Bottega, Godiva, Baileys |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 235 |
Number of Tables & Figures | 165 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Chocolate Cream Liqueur, CrèMe De Cacao, Other and By Application Supermarket, Hypermarket, E-Commerce, Other.
Some of the companies that are profiled in this report are:
Chocolate Liqueur Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chocolate Liqueur Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Chocolate Liqueur Market Report:
Some other reports from this category!