Cocoa rose to 10,208.10 USD/T on June 9, 2025, up 0.34% from the previous day. Over the past month, Cocoa's price has risen 9.29%, and is up 7.62% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa - values, historical data, forecasts and news - updated on June of 2025.

This statistic depicts the average annual prices for cocoa from 2014 through 2026*. In 2023, the average price for cocoa stood at 3.28 nominal U.S. dollars per kilogram.

This statistic shows the worldwide cocoa price from 2008 to 2023 in U.S. dollars per metric kilogram. In the 2023, the price per kilogram of cocoa was 3.28 U.S. dollars.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Cocoa Butter, Liquor, and Cocoa Base Chocolate Syrup Made from Cacao Beans was 103.00000 Index Dec 2011=100 in June of 2020, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Cocoa Butter, Liquor, and Cocoa Base Chocolate Syrup Made from Cacao Beans reached a record high of 124.80000 in December of 2015 and a record low of 86.00000 in July of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Cocoa Butter, Liquor, and Cocoa Base Chocolate Syrup Made from Cacao Beans - last updated from the United States Federal Reserve on June of 2025.

The consumer price index (CPI) of cocoa and powdered chocolate in Norway fluctuated from 2012 to 2024. In 2024, the average CPI of cocoa and powdered chocolate in Norway was measured at 168.4, the base year being 2015.

The global cocoa ingredients market, valued at $5,797.5 million in 2025, is poised for substantial growth. While the precise CAGR isn't provided, considering the consistent demand driven by the confectionery, food & beverage, and pharmaceutical industries, a conservative estimate of 5-7% annual growth over the forecast period (2025-2033) is reasonable. This growth is fueled by several key factors. Rising disposable incomes in emerging economies, coupled with a growing preference for chocolate and cocoa-based products, are significantly boosting market demand. Furthermore, the increasing use of cocoa ingredients in health-conscious products, like protein bars and functional beverages, is expanding the application base. Innovation in cocoa processing techniques, leading to improved product quality and shelf life, is also contributing to market expansion. However, factors like price volatility of cocoa beans due to climatic conditions and potential supply chain disruptions represent significant challenges to consistent growth. The market is segmented by ingredient type (cocoa beans, cocoa paste, cocoa fat & oil, cocoa shells, cocoa powder) and application (chocolate and confectionery, dairy, bakery, beverages, pharmaceutical). Major players, including Archer Daniels Midland Company, Barry Callebaut, and Cargill, are driving innovation and expanding their global reach to capitalize on market opportunities. Regional analysis reveals strong demand from North America and Europe, with emerging markets in Asia Pacific showing significant growth potential. The market’s future hinges on sustainable cocoa sourcing initiatives and addressing the environmental impact of cocoa production. Consumer demand for ethically sourced and sustainably produced cocoa is increasing, pressuring companies to adopt responsible practices. This shift towards sustainability is likely to create new market opportunities for companies committed to transparency and environmentally friendly production. Technological advancements in processing and product development, such as the creation of new cocoa-based products with enhanced health benefits, will also play a crucial role in shaping future market dynamics. Competition will likely intensify as companies strive to innovate and cater to evolving consumer preferences and demands for high-quality, sustainably sourced cocoa ingredients. Therefore, a focused approach on sustainable practices, coupled with product innovation, is vital for success in this dynamic and ever-evolving market.

In 2021, the average unit price of chocolate products with a chocolate base content of 20 to 59 percent in Japan amounted around 1,729 Japanese yen per kilogram. That year, the total average per kilogram price of chocolate products stood at just under 1.6 thousand yen. Chocolate base refers to the a mass made by kneading the raw materials from cacao beans with water. It has a cocoa content of at least 35 percent and three percent of moisture.

The global cocoa butter market is experiencing robust growth, driven by increasing demand across diverse sectors. The market's expansion is fueled by the rising popularity of natural and organic ingredients in cosmetics and personal care products, where cocoa butter's moisturizing and emollient properties are highly valued. The food industry also contributes significantly, leveraging cocoa butter's flavor and texture enhancement capabilities in confectionery, chocolate, and other food applications. Pharmaceutical applications, utilizing cocoa butter's properties as a base for ointments and suppositories, further bolster market growth. While precise market sizing data is unavailable, considering a plausible CAGR of 5% (a conservative estimate given the trends in natural ingredient markets) and assuming a 2025 market value of $500 million, the market could reach approximately $650 million by 2030. This growth is projected to continue through 2033, though at a potentially slightly reduced rate as the market matures. Significant regional variations exist, with North America and Europe currently holding the largest market shares due to established consumption patterns and strong regulatory frameworks supporting the use of cocoa butter in food and cosmetic products. However, developing economies in Asia Pacific are showing significant growth potential, driven by rising disposable incomes and increased awareness of natural personal care products. The market faces challenges including price volatility of cocoa beans, which directly impacts cocoa butter pricing, and the potential for supply chain disruptions due to factors like climate change and geopolitical instability. Furthermore, the emergence of synthetic alternatives and potential concerns about sustainability in cocoa production could pose threats. However, the inherent benefits of cocoa butter, coupled with increasing consumer demand for natural products and innovation in sustainable sourcing practices, are expected to outweigh these challenges. The market is segmented by application (food, cosmetics, pharmaceuticals, others) and type (food grade, pharmaceutical grade), reflecting the diverse usage and quality standards within the industry. Leading companies are focusing on product innovation, sustainability initiatives, and strategic partnerships to gain a competitive edge in this thriving market. This includes expanding product lines to meet diverse consumer preferences, developing more sustainable sourcing models, and partnering with retailers and distributors to enhance market reach.

The global natural cocoa extracts market is experiencing robust growth, driven by increasing consumer demand for natural and clean-label food and beverage products. The market, valued at approximately $1.5 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated market size of $2.3 billion by 2033. This growth is fueled by several key factors, including the rising popularity of cocoa-based functional foods and beverages, increasing awareness of the health benefits of cocoa flavanols (antioxidants), and the growing demand for sustainable and ethically sourced ingredients within the food and pharmaceutical industries. The powder form of natural cocoa extracts currently dominates the market due to its ease of use and integration into various applications. However, liquid extracts are gaining traction, particularly in the beverage sector, due to improved solubility and enhanced flavor profiles. Significant market expansion is anticipated in the Asia-Pacific region, driven by increasing disposable incomes and changing dietary habits. North America and Europe, while already established markets, are expected to maintain steady growth, propelled by the premiumization of food and beverage products and the burgeoning demand for natural ingredients in cosmetics and personal care. While the market shows significant promise, challenges remain. Price volatility of cocoa beans, fluctuating raw material costs, and stringent regulatory requirements in certain regions could act as potential restraints. However, the industry's focus on sustainable sourcing practices and technological advancements in extraction methods is likely to mitigate these challenges to some extent. Leading players like Barry Callebaut, Mars, and Kerry Group are strategically investing in research and development to innovate new product formulations and enhance the functional properties of natural cocoa extracts, further fueling market expansion. The segmentation by application reveals the food and beverage sector as the dominant user, followed by the pharmaceutical and cosmetic industries. This diversified application base enhances market resilience and ensures consistent growth across various sectors.

The global cocoa bean extract market is experiencing robust growth, driven by increasing demand across diverse sectors. The market, valued at approximately $800 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This expansion is fueled by several key factors. The burgeoning food and beverage industry, particularly in the confectionery and chocolate sectors, represents a significant driver, as cocoa bean extract offers both flavor enhancement and natural coloring. The cosmetics and personal care industries are also embracing cocoa bean extract for its antioxidant and skin-beneficial properties, contributing to the market's growth. Further fueling this expansion is the increasing consumer preference for natural and organic ingredients, making cocoa bean extract a highly sought-after ingredient. The pharmaceutical industry is also exploring the extract's potential therapeutic applications. However, fluctuations in cocoa bean prices, alongside potential supply chain disruptions, pose challenges to consistent market growth. The market is segmented by application (food & beverage, cosmetics & personal care, pharmaceuticals, others), type (liquid, powder), and region, with North America and Europe currently holding significant market shares. Competition is moderate, with several key players including Bioriginal Food & Science, Kerry Group, and Ambe Phytoextracts, strategically focusing on innovation and product diversification to maintain their market presence. The diverse applications of cocoa bean extract, combined with its inherent health benefits, position this market for sustained growth in the coming years. The projected CAGR indicates considerable opportunities for market expansion, particularly in emerging economies where consumer demand for value-added food and cosmetic products is rising. Companies are focusing on developing innovative product formulations featuring cocoa bean extract, catering to the growing health-conscious consumer base. While challenges remain, such as price volatility and supply constraints, proactive strategies by market players are likely to mitigate these risks, paving the way for continued market expansion. The significant growth potential across various sectors makes cocoa bean extract a promising market segment for investment and innovation.

According to Cognitive Market Research, The Global Deodorized Cocoa Butter market will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.

The demand for deodorized cocoa butter is rising due to the increased consumer awareness of cocoa butter's nutritional and therapeutic benefits and rising demand for chocolate, frozen desserts, and nutritional drinks, which are expected to drive market growth.
Demand for chocolate and confectionery remains higher in the deodorized cocoa butter market.
The Offlinecategory held the highest deodorized cocoa butter market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific deodorized cocoa butter marketwill experience the strongest growth until 2030.

Growing Demand for Clean-Label Ingredients to Provide Viable Market Output

The deodorized Cocoa Butter Market is the increasing demand for natural and clean-label ingredients, particularly in the food and cosmetic industries. Consumers are becoming conscious of their products' ingredients and actively seeking natural alternatives. Cocoa butter, with its natural origin, fits well into this trend. In the food sector, it is a healthier substitute for synthetic fats in confectionery, bakery, and dairy products due to its creamy texture and appealing taste.

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Its antioxidant-rich properties also align with the broader health and wellness movement. Likewise, cocoa butter is favored in cosmetics for its moisturizing and emollient attributes, making it a valuable ingredient in clean-label skincare and cosmetic formulations.Cocoa butter's natural origin and the absence of synthetic additives make it an eco-friendly choice. Manufacturers are increasingly adopting cocoa butter in their formulations to cater to environmentally conscious consumers, contributing to the market's growth.

Expanding Chocolate Industry to Propel Market Growth

The expansion of the global chocolate industry is a pivotal driver for the deodorized cocoa butter market. Chocolate remains a beloved indulgence worldwide, and the industry is continuously evolving. As consumer tastes shift toward premium and gourmet chocolates and increased disposable income levels in emerging markets, the demand for high-quality cocoa products like cocoa butter rises in tandem. Cocoa butter is crucial in chocolate production, impacting texture, flavor, and the coveted melt-in-the-mouth quality. With the heightened interest in high-quality chocolates and innovations in chocolate formulations (such as healthier and specialty chocolates), the requirement for specific types of cocoa butter to achieve desired characteristics surges, driving substantial growth in the cocoa butter market.

Market Dynamics of Deodorized Cocoa Butter

Fluctuating Cocoa Prices and Supply Concerns to Hinder Market Growth

The Deodorized Cocoa Butter Market is the volatility of cocoa prices and supply concerns. Cocoa butter is obtained from cocoa beans and the cost of cocoa beans is prone to change because of different factors such as climate conditions, crop illnesses, and geopolitical concerns in key cocoa-producing areas such as West Africa. These fluctuations can lead to unpredictable cost variations for cocoa butter manufacturers, impacting their profit margins and pricing strategies. Additionally, supply chain disruptions related to cocoa bean sourcing can create challenges in maintaining a consistent supply of cocoa butter, affecting the market's stability and potentially leading to shortages or higher prices for consumers and businesses.

Impact of COVID–19 on the Deodorized Cocoa Butter Market

The COVID-19 pandemic had a notable impact on the deodorized cocoa butter market. with lockdowns, disruptions in supply chains, and reduced consumer spending on non-essential products, the market witnessed a slowdown in demand during the initial phases of the pandemic. As consumer priorities shifted towards essential items, the sales of deodorized cocoa butter in cosmetics and personal care products and the hospitality industry were adversely affected. H...

The Middle East and Africa chocolate market, valued at $9.33 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.3% from 2025 to 2033. This expansion is fueled by several key drivers. Rising disposable incomes across several MEA countries, particularly in urban centers, are boosting consumer spending on premium confectionery products, including chocolate. A growing young population with a penchant for Westernized diets further fuels demand. The increasing popularity of chocolate in diverse food applications, such as desserts, beverages, and baked goods, contributes to market expansion. Furthermore, strategic marketing initiatives by major players focusing on innovative product offerings, such as healthier chocolate options with added nutritional benefits or unique flavors catering to local preferences, are driving sales. However, challenges remain. Fluctuations in raw material prices, particularly cocoa beans, can impact profitability. Furthermore, increased competition from local and international brands necessitates constant innovation and adaptation to maintain market share. The market is segmented by chocolate type (milk, dark, white), with milk chocolate currently dominating due to its broad appeal, while dark chocolate is gaining popularity driven by health-conscious consumers. South Africa, with its established confectionery industry and substantial consumer base, is a significant market within the region. The market landscape comprises a mix of multinational giants and regional players, each employing various competitive strategies focusing on product diversification, branding, and distribution network expansion to secure market dominance. The forecast period (2025-2033) anticipates continued growth, albeit at a potentially moderating pace towards the later years as the market matures. The sustained growth will be driven by ongoing urbanization, rising middle classes, and the continuing evolution of consumer preferences and demands for novel flavors, textures, and ethically sourced chocolate. However, economic instability in certain regions and potential supply chain disruptions could exert downward pressure. A key aspect for success will involve adapting product offerings and marketing strategies to suit the specific cultural nuances and tastes across the diverse markets within the Middle East and Africa. Companies need to prioritize sustainable sourcing and ethical practices to resonate with increasingly conscious consumers.

The global Theobroma Cacao Seed Butter market is experiencing robust growth, driven by increasing demand across diverse applications, including food, cosmetics, and pharmaceuticals. The market, valued at approximately $800 million in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated $1.2 billion by 2033. This expansion is fueled by several key factors. Firstly, the rising consumer awareness of natural and organic ingredients is boosting the demand for natural cocoa butter in cosmetics and personal care products. Its moisturizing and emollient properties make it a highly sought-after ingredient in lotions, creams, and lip balms. Secondly, the growing food industry's focus on clean-label products further propels the market's growth, as cocoa butter is increasingly used as a natural fat substitute and flavor enhancer in chocolates, confectionery, and other food items. Finally, the pharmaceutical sector utilizes cocoa butter for its skin-soothing and healing properties, contributing to its overall market demand. While the market faces challenges like price volatility of cocoa beans and potential supply chain disruptions, the inherent benefits of cocoa butter and the expanding application base are expected to outweigh these restraints, leading to sustained market expansion. The market segmentation reveals a strong preference for natural cocoa butter over its deodorized counterpart, driven by the consumer preference for minimally processed ingredients. Geographically, North America and Europe currently hold significant market shares, attributed to high consumer spending power and established cosmetic and food industries in these regions. However, emerging economies in Asia-Pacific, particularly India and China, are showing promising growth potential due to rising disposable incomes and increasing awareness of cocoa butter's benefits. Leading players in the market, including Protameen Chemicals, Clariant, and AAK, are focusing on product innovation, strategic partnerships, and expanding their geographical footprint to maintain their competitive edge. This proactive approach, combined with the market's inherent strengths, promises a positive growth trajectory for the Theobroma Cacao Seed Butter market in the foreseeable future.

The global cocoa pulp equipment market, valued at $1758 million in 2025, is projected to experience robust growth, driven by the rising demand for cocoa products and increasing investments in the food processing industry. The market's Compound Annual Growth Rate (CAGR) of 5.3% from 2025 to 2033 indicates a significant expansion, primarily fueled by the growth of the food industry, particularly in developing economies with burgeoning populations and increasing disposable incomes. The increasing adoption of automated and efficient cocoa processing techniques, along with advancements in equipment technology offering improved yield and reduced operational costs, further contributes to market growth. Segmentation reveals a strong presence of both large and small equipment manufacturers catering to diverse needs within the food and non-food industries. The strong presence of established players like Bühler and Royal Duyvis Wiener, alongside emerging regional manufacturers, indicates a competitive landscape with opportunities for both innovation and expansion. Geographical analysis suggests that North America and Europe currently hold significant market shares, but Asia Pacific, particularly China and India, is anticipated to witness considerable growth due to expanding cocoa processing infrastructure and increasing domestic consumption. The market faces challenges including fluctuating cocoa bean prices, stringent food safety regulations, and the need for sustainable and environmentally friendly processing technologies. However, the overall growth trajectory remains positive, presenting substantial prospects for companies specializing in innovative and cost-effective cocoa pulp equipment solutions. The forecast period (2025-2033) promises continued growth, with the increasing adoption of advanced technologies such as automated systems and energy-efficient designs driving innovation. The rising awareness of sustainability and the demand for eco-friendly processing methods are expected to influence future equipment designs. Market players are likely to focus on providing customized solutions tailored to specific client needs, along with comprehensive after-sales services and support. Regional variations in market dynamics will continue to exist, with different growth rates observed across various geographical regions. However, the overall outlook for the cocoa pulp equipment market is optimistic, offering substantial investment opportunities for businesses across the entire value chain. This comprehensive report provides a detailed analysis of the global cocoa pulp equipment market, offering invaluable insights for industry stakeholders, investors, and researchers. The study covers the historical period (2019-2024), the base year (2025), and forecasts market trends until 2033. The market is segmented by application (food and non-food industries), type (large and small), and key players, including Royal Duyvis Wiener, Bühler, SOLLICH, and others. This report, covering a market valued in the hundreds of millions of dollars, offers a granular understanding of this dynamic sector.

The global market size of Cocoa Seed Extract is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Cocoa Seed Extract Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Cocoa Seed Extract industry. The key insights of the report:
1.The report provides key statistics on the market status of the Cocoa Seed Extract manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Cocoa Seed Extract industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Cocoa Seed Extract Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Cocoa Seed Extract as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Cocoa Seed Extract market
* Liquid
* Solid
For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Foods
* Skin Care Products
* Others

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

This statistic shows the price per kilogram of cocoa butter, fat and oil manufactured in the United Kingdom (UK) from 2008 to 2011 and 2018. The price of cocoa butter, fat and oil decreased to approximately 8.33 British pounds per kilogram in 2011.

Cocoa Butter Equivalent (CBE) Market Outlook

The global Cocoa Butter Equivalent (CBE) market size was valued at approximately USD 2.1 billion in 2023 and is projected to reach around USD 4.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.4% during the forecast period. This significant growth is largely driven by increasing consumer preference for healthier and sustainable alternatives to traditional cocoa butter, alongside the rising demand in various end-use industries such as confectionery, cosmetics, and pharmaceuticals.

One of the primary growth factors for the CBE market is the rising consumer awareness regarding the health benefits associated with CBEs. CBEs are known for their lower content of trans fatty acids compared to traditional cocoa butter, which makes them a healthier alternative for use in food products. This shift towards healthier food ingredients is largely driven by increasing incidences of lifestyle-related health issues such as obesity and cardiovascular diseases. As consumers become more health-conscious, they are more likely to opt for products containing CBE, thus driving market growth.

Another significant growth driver is the sustainability factor associated with CBEs. Traditional cocoa butter production has been linked to various environmental and ethical issues, including deforestation and child labor. CBEs, on the other hand, are often derived from sustainable sources such as palm oil, shea butter, and mango butter. These sources tend to have a lower environmental impact and are easier to produce in a sustainable manner. The increasing consumer demand for sustainably sourced products is pushing manufacturers to adopt CBEs, thereby propelling market growth.

The expanding applications of CBEs across various industries are also contributing to market growth. Originally used primarily in the confectionery industry as an alternative to cocoa butter, CBEs are now finding their way into other sectors such as cosmetics, pharmaceuticals, and bakery products. For instance, in the cosmetics industry, CBEs are valued for their moisturizing properties and are used in products ranging from lotions to lip balms. Similarly, in the pharmaceutical industry, CBEs are used as excipients in drug formulations. This diversification in application is creating new avenues for market expansion.

Regionally, the Asia Pacific region is expected to show the highest growth during the forecast period. This growth is driven by the increasing urbanization and rising disposable incomes in emerging economies such as China and India. The growing middle-class population in these countries is leading to higher consumption of processed and packaged foods, cosmetics, and pharmaceuticals, all of which utilize CBEs. Additionally, the region's strong agricultural base and favorable climatic conditions for the cultivation of CBE sources such as palm oil and shea butter are further supporting market growth.

Source Analysis

The CBE market is segmented into various sources including palm oil, shea butter, sal fat, kokum butter, mango butter, and others. Palm oil is expected to dominate the market due to its widespread availability and cost-effectiveness. Palm oil-based CBEs offer a similar melting profile to cocoa butter, making them an ideal substitute in many applications. The palm oil industry has also seen significant technological advancements in extraction and processing, which has improved the quality and yield of palm oil-based CBEs. However, sustainability concerns and environmental impacts related to palm oil cultivation are driving regulatory scrutiny, which could affect its market share in the future.

Shea butter is another prominent source for CBEs, known for its excellent moisturizing properties and rich nutrient profile. Shea butter-based CBEs are increasingly being used in the cosmetics and pharmaceutical industries. The growing trend of natural and organic products is boosting the demand for shea butter as a sustainable and ethical alternative to traditional cocoa butter. However, the supply of shea butter is limited to certain regions in Africa, which poses a challenge in terms of consistent supply and pricing.

Sal fat, derived from the sal tree found in India, is gradually gaining traction as a viable source of CBEs. Sal fat has a similar fatty acid composition to cocoa butter, making it a suitable replacement in various applications. The Indian government's initiatives to promote sustainable forestry practices are expected to support the growth of sal fat-based CBEs. However, the lack of

This statistic shows the production of cocoa beans from 2020/21 to 2022/23, with a forecast for 2023/24, by country. In crop year 2022/2023, about 2.24 million metric tons of cocoa beans were produced in Côte d'Ivoire.

Cocoa production

Cocoa, a native to the Americas, was a valuable crop in the earliest South American cultures. The term cocoa originated from the Nahuatl word “cacahuatl”. Many believe that the plant first grew in the Amazon and upper Orinoco basins but the Mayans and the Aztecs eventually developed techniques to cultivate cocoa successfully. The plant was considered as a symbol of wealth for these civilizations and its beans were used as currency. Cocoa beans are the main ingredient for making chocolate. Cocoa beans are produced in tropical zones around the Equator, where climate conditions are well suited for growing cocoa trees. About 70 percent of the world’s cocoa beans come from four West African countries: Ivory Coast, Ghana, Nigeria and Cameroon. The Ivory Coast and Ghana are by far the two largest producers of cocoa, accounting for more than 50 percent of the world´s cocoa. In 2021, the Ivory Coast alone produced approximately 2.1 million metric tons of cocoa beans. The nation is expected to produce a slightly higher volume of cocoa beans during the 2022/2023 crop year.

India WPI: Mfg: Food: CC: Chocolate & Cocoa Powder data was reported at 134.100 2011-2012=100 in Oct 2018. This records an increase from the previous number of 128.000 2011-2012=100 for Sep 2018. India WPI: Mfg: Food: CC: Chocolate & Cocoa Powder data is updated monthly, averaging 122.600 2011-2012=100 from Apr 2012 (Median) to Oct 2018, with 79 observations. The data reached an all-time high of 135.700 2011-2012=100 in Aug 2016 and a record low of 100.200 2011-2012=100 in May 2012. India WPI: Mfg: Food: CC: Chocolate & Cocoa Powder data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under Global Database’s India – Table IN.IH007: Wholesale Price Index: 2011-12=100: Manufactured Products: Food.