Chocolate liquor is a thick paste and is a key component in various types of chocolates. It is mostly made of cocoa butter, which accounts for more than half of the ingredients used to manufacture it.
It has an oily mouthfeel, which comes from cocoa butter. It is not alcoholic, despite what its name might imply. It is also referred to as cocoa butter.
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It is produced through the milling process. At first, the cocoa beans undergo fermentation, after that, they are dried and roasted to obtain the cocoa nibs. Then, cocoa nibs are grounded and milled in order to form chocolate liquor.
The largest producing chocolate liquor countries are Ivory Coast, Ghana, Nigeria, Cameroon, Brazil, Ecuador, Indonesia, and Papua New Guinea.
Key Details About the Chocolate Liquor Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Chocolate Liquor price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Chocolate Liquor price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Chocolate Liquor Price Trend:
The demand for chocolate liquor is high in both the baking and chocolate-making sectors. Because it serves as a base for a variety of chocolates, demand for it has sharply increased.
It has a strong hold on bakeries as well because they utilise it to make a variety of pastries, cookies, biscuits, and brownies.
Thus, the food industry is the main source of its increasing demand.
Key Players:
- Guan Chong Berhad (GCB)
- Wuxi Huadong Cocoa Food Co., Ltd.
- Lotus Chocolate Co. Ltd.
- Olam International
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