Cocoa fell to 5,359.52 USD/T on December 1, 2025, down 0.82% from the previous day. Over the past month, Cocoa's price has fallen 18.29%, and is down 41.61% 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 December of 2025.

According to Cognitive Market Research, the global Cacao market size was USD 13651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5460.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4095.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3139.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 682.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 273.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
The Beans category is the fastest growing segment of the Cacao industry

Market Dynamics of Cacao Market

Key Drivers for Cacao Market

Growth in Chocolate Consumption to Boost Market Growth

Chocolate continues to be one of the most beloved indulgent treats worldwide, with a growing demand for high-quality options, particularly premium and organic varieties, driving cacao consumption. Consumers are increasingly choosing chocolates with higher cocoa content, attracted by their perceived health benefits, including antioxidants and other nutrients. Switzerland leads the world in chocolate consumption per capita, with the average person consuming around 8.8 kg (22 lbs) of chocolate annually. Austria follows closely, with each person consuming about 9 kg (20 lbs) of chocolate per year. The United States ranks among the top 10 chocolate-consuming nations, with an average annual consumption of approximately 4.5 kg per person. The rising popularity of artisanal, craft, and organic chocolates, which demand superior quality cacao, is a growing trend not only in established markets like Europe and North America but also in emerging markets such as Asia and Latin America.

Growing Use of Cacao in Non-Chocolate Products to Drive Market Growth

Cacao's usage is extending beyond traditional chocolate products into a variety of other food segments. In the 2022/2023 cocoa season, approximately 5 million tonnes of cocoa were produced globally. The two largest producers, Côte d'Ivoire and Ghana, together account for 50% of the world's cocoa supply, followed by Ecuador with 9%. In Asia, Indonesia is the leading producer. Cocoa production has been steadily increasing over the last 40 years, with up to 95% of cocoa beans traded on international commodity markets. Cacao is increasingly incorporated into health and wellness products, including protein bars, energy drinks, smoothies, and baked goods. Its potential health benefits, coupled with the growing demand for natural and clean-label ingredients, are driving its broader adoption in the food industry.

Restraint Factor for the Cacao Market

Climate Change and Environmental Impact Will Limit Market Growth

Cacao is a highly climate-sensitive crop. It thrives in tropical regions with specific temperature and rainfall conditions. However, changing climate patterns, such as rising temperatures, altered rainfall patterns, and the increasing frequency of extreme weather events (e.g., droughts, floods, and storms), threaten cacao production. Cacao farming can contribute to deforestation, especially in regions like West Africa and South America, where forests are cleared to make way for new plantations. This not only disrupts biodiversity but also leads to soil degradation, reducing the land's ability to support cacao cultivation in the long term. These environmental issues can impact supply, increase production costs, and affect market stability. Cacao crops are vulnerable to several diseases, including black pod disease, cacao swollen shoot virus (CSSV), and frosty pod rot. These diseases can devastate cacao yields and quality, leading to significant losses for farmers and supply shortages in the market.

Impact of Covid-19 on the Cacao Market

The economic uncertainty caused by the pandemic led to a decline in ...

The cocoa market is projected to grow from USD 16.6 billion in 2025 to USD 26.2 billion by 2035, registering a CAGR of 4.7% during the forecast period.

Metrics	Values
Industry Size 2025	USD 16.6 billion
Industry Value 2035	USD 26.2 billion
CAGR 2025 to 2035	4.7%

Semi-Annual Industry Update

Particular	Value CAGR
H1 (2024 to 2034)	4.3%
H2 (2024 to 2034)	4.9%
H1 (2025 to 2035)	4.5%
H2 (2025 to 2035)	5.0%

Country-wise Insights

Countries	CAGR (2025 to 2035)
USA	3.9%
Germany	2.8%
China	5.9%
Japan	6.8%
India	5.5%

The cacao beans market is expected to reach USD 14.49 billion in 2025, with projected growth to USD 31.98 billion by 2035, reflecting a CAGR of 8.2% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 14.49 billion
Industry Value (2035F)	USD 31.98 billion
CAGR (2025 to 2035)	8.2%

Top Countries Cultivating, Processing, and Exporting Cacao Beans

Country	CAGR (2025 to 2035)
United States	8.9%
France	8.7%
Germany	8.6%
Netherlands	8.4%
United Kingdom	8.3%

The Cocoa Beans Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, and More). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

Discover the booming cacao market! Explore key trends, growth drivers, regional insights, and leading companies shaping the future of chocolate and cocoa from 2019-2033. Learn about market size, CAGR, and segmentation in this comprehensive analysis.

Single-Origin Cacao Market Outlook

According to our latest research, the global single-origin cacao market size reached USD 1.38 billion in 2024, reflecting the growing consumer preference for premium, traceable chocolate products. The market is expected to expand at a robust CAGR of 7.6% during the forecast period, culminating in a projected value of USD 2.68 billion by 2033. This significant growth is primarily driven by rising demand for authentic, high-quality chocolate experiences, increasing awareness of ethical sourcing, and the expanding application of single-origin cacao across multiple industries.

The primary growth factor for the single-origin cacao market is the surging demand for premium and artisanal chocolate products. Consumers, particularly in developed regions, are increasingly seeking chocolate with distinctive flavor profiles, provenance, and ethical sourcing credentials. Single-origin cacao, which is sourced from a specific region or farm, offers unique taste characteristics and transparency in sourcing, making it highly attractive to discerning buyers. This demand is further fueled by the growing trend of experiential consumption, where consumers are willing to pay a premium for products that offer a story, authenticity, and a connection to the origin. As a result, both established chocolate manufacturers and boutique chocolatiers are expanding their single-origin offerings, further stimulating market growth.

Another critical driver for the single-origin cacao market is the heightened focus on sustainability and fair trade practices within the global food and beverage sector. Consumers and industry stakeholders are increasingly prioritizing products that support ethical labor practices, environmental conservation, and direct trade with cacao farmers. Single-origin cacao is often associated with transparent supply chains and certifications such as Fair Trade, Rainforest Alliance, and Organic, which appeal to ethically minded consumers. Additionally, brands leveraging single-origin cacao are actively engaging in storytelling and marketing campaigns that highlight their commitment to social and environmental responsibility, thereby enhancing brand loyalty and market differentiation.

The proliferation of single-origin cacao in non-traditional applications is also contributing to market expansion. Beyond the core confectionery segment, single-origin cacao is being incorporated into bakery items, premium beverages, and even cosmetics, capitalizing on its perceived superior quality and health benefits. The growing popularity of bean-to-bar chocolate makers and specialty cafes has further elevated consumer awareness and accessibility to single-origin cacao products. Furthermore, technological advancements in processing and packaging are enabling manufacturers to preserve the unique flavors and freshness of single-origin cacao, thus broadening its appeal and market reach.

From a regional perspective, Europe and North America continue to dominate the single-origin cacao market, driven by their well-established chocolate industries and high consumer awareness. However, emerging markets in Asia Pacific and Latin America are witnessing rapid growth, fueled by rising disposable incomes, expanding urbanization, and a growing appetite for premium chocolate experiences. Latin America, in particular, is not only a key producer of high-quality cacao but is also experiencing increased domestic consumption of single-origin products. As global supply chains become more integrated and consumer preferences evolve, the regional landscape of the single-origin cacao market is expected to become more dynamic and competitive.

Product Type Analysis

The product type segment of the single-origin cacao market is highly diversified, encompassing dark chocolate, milk chocolate, white chocolate, cocoa powder, cocoa liquor, and other specialty products. Among these, dark chocolate holds the largest market share, benefiting from its strong association with health benefits, high cacao content, and rich, complex flavor profiles. Consumers seeking single-origin products often gravitate towards dark chocolate due to its ability to showcase the unique characteristics of cacao from specific regions. The increasing awareness of the antioxidant properties of dark chocolate and its lower sugar content compared to milk and white chocolate further reinforces its dominance within this segment.

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The global cocoa market size reached around 25.48 Billion in 2024. The market growth can be attributed to the robust growth of the e-commerce sector, rising demand for cocoa-based products, increasing focus on sustainability, and technological advancements and innovations.

The Cocoa and Chocolate Market Report is Segmented by Product Type (Dark Chocolate, Milk/White Chocolate, Industrial Chocolate, and Filled/Compound Chocolate), End User (Foodservice, Retail, and Industrial), Nature (Conventional and Organic), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD).

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Cocoa Beans Market Size 2025-2029

The cocoa beans market size is valued to increase by USD 3.58 billion, at a CAGR of 4.5% from 2024 to 2029. Rising popularity of chocolate-flavored beverages will drive the cocoa beans market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 39% growth during the forecast period.
By Application - Confectionery segment was valued at USD 5.14 billion in 2023
By Product - Cocoa butter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 42.75 million
Market Future Opportunities: USD 3576.90 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

Cocoa beans, the primary ingredient in chocolate, have long held a significant place in the global market due to their versatility and universal appeal. The demand for cocoa beans is driven by the growing popularity of chocolate-based products, particularly beverages, which have witnessed a notable increase in consumer preference. This trend is fueled by the expanding health-conscious population seeking alternatives to sugar-laden beverages. The market is characterized by a dynamic business landscape, with numerous players vying for market share. Mergers and acquisitions have become a common strategy for companies aiming to expand their operations and strengthen their market position.
Despite this competition, the market remains volatile due to various factors, including weather conditions in cocoa-producing regions and fluctuations in supply and demand. However, the market is not without challenges. Volatility in the prices of cocoa beans, influenced by weather conditions and supply chain disruptions, poses a significant risk for market participants. Cocoa bean prices have experienced significant volatility, reflecting the market's complexities. Factors such as disease outbreaks, weather conditions, and geopolitical instability can significantly impact prices. However, the long-term outlook for the market remains positive, with continued growth expected due to increasing consumer demand and ongoing innovation in chocolate-based products. In conclusion, the market is a dynamic and complex business environment, shaped by various factors including consumer preferences, competition, and external influences. Companies operating in this sector must stay informed about market trends and be prepared to adapt to changing conditions to remain competitive.

What will be the Size of the Cocoa Beans Market during the forecast period?

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How is the Cocoa Beans Market Segmented ?

The cocoa beans industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Confectionery
  Functional food and beverage
  Cosmetics
  Others


Product

  Cocoa butter
  Cocoa powder
  Cocoa beverages
  Others


Type

  Forastero
  Trinitario
  Criollo


Nature

  Organic
  Conventional


Sale Channel

  B2B
  B2C


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The confectionery segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, driven by the increasing demand for low-fat alkalized and natural cocoa powders in various confectionery items, such as toffee, hard candy, and marshmallows. This trend is fueling the growth of the confectionery segment, with companies like Mars and Nestle focusing on producing chocolate liquor with higher cocoa mass for stronger flavors. For example, Prodigy Snacks Ltd, a UK confectionery firm, recently introduced Phenomenoms, a new chocolate biscuit range with two flavors, highlighting this market development. Additionally, ongoing activities include the implementation of sustainable farming practices, yield optimization techniques, and soil nutrient management to enhance production efficiency.

Bean drying methods, packaging technology, and traceability systems are also evolving to ensure product quality and consumer safety, with a focus on reducing aflatoxin contamination levels. Theobroma cacao cultivation continues to adapt to climate change, with research on pest management strategies, microbial community composition, and disease resistance mechanisms. The market is further characterized by improvements in processing efficiency, sensory evaluation protocols, and polyphenol oxidase activity analysis for assessing health benefits. Cocoa butter extraction and flavonoid conte

Between 2016 and 2025, the monthly price of cocoa worldwide peaked in January 2025 at about ****** U.S. dollars per metric ton. Global cocoa industry Global cocoa production is expected to reach about *** million tons in the 2023/2024 crop year. Most of the world’s cocoa beans are grown in Africa; in 2023/2024, about *** million tons of cocoa beans were produced there, while about *** million tons were grown in the Americas. Within Africa, Côte d'Ivoire and Ghana were the countries with the highest production of cocoa beans. Chocolate retail worldwide In 2016, Mars controlled a **** percent share of the chocolate market worldwide, making it the single biggest player in the chocolate industry. Mars owns such chocolate brands as M&Ms, Snickers, and Dove. The countries with the highest per capita chocolate consumption are Switzerland, Austria, and Germany.

Explore the booming global Cacao market, projected to reach $30,000 million by 2025 with a 5% CAGR. Discover key drivers like rising demand for premium chocolate, health benefits, and innovations, alongside market restraints and leading companies.

The market value of cocoa in all regions worldwide is forecast to grow between 2020 and 2028. ****** is the region with largest market value and is forecast to be valued at just over ***** billion U.S. dollars by 2028.

The global organic cocoa market is estimated to be worth USD 10.31 billion in 2025 and is projected to grow at a CAGR of 4.1%, reaching USD 15.40 billion by 2035.

Attributes	Description
Estimated Global Organic Cocoa Market Size (2025E)	USD 10.31 billion
Projected Global Organic Cocoa Market Value (2035F)	USD 15.40 billion
Value-based CAGR (2025 to 2035)	4.1%

Market Segmentation

Attributes	Details
Top Form	Cocoa Powder
Market Share in 2025	35%

Attributes	Details
Top End Use Application	Bakery and Confectionery
Market Share in 2025	36%

Country-wise Insights

Countries	CAGR
India	6.8%
Germany	4.6%
The United States	5.6%
Japan	6.4%
Thailand	6%

The chocolate market attained a value of about USD 45.95 Billion in 2024. The market is further estimated to grow at a CAGR of 5.67% in the forecast period of 2025-2034 to reach a value of around USD 79.76 Billion by 2034. The global cocoa market reached about USD 25.48 Billion in 2024. Growth is driven by rising cocoa product demand, focus on sustainability, and tech innovations.

In 2024, the United States ranked first by revenue, combined in the 'Cocoa' segment of the hot drinks market among the 34 countries presented in the ranking. United States' revenue, combined amounted to ************ U.S. dollars, while Japan and Indonesia, the second and third countries, had records amounting to ************ U.S. dollars and ************ U.S. dollars, respectively.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Cocoa.

Single-Origin Cacao Market Outlook

The global Single-Origin Cacao market size reached USD 1.92 billion in 2024, reflecting robust growth and consumer demand for premium chocolate experiences and traceable sourcing. According to our latest research, the market is expected to expand at a CAGR of 8.1% during the forecast period, projecting a value of USD 3.80 billion by 2033. This significant growth is driven by increasing consumer preference for high-quality, ethically sourced cacao products, rising awareness of the health benefits associated with dark chocolate, and a global shift toward sustainable and transparent supply chains.

One of the primary growth factors for the Single-Origin Cacao market is the growing consumer consciousness regarding product provenance, sustainability, and ethical sourcing. Modern consumers, particularly in developed economies, are increasingly seeking products that are not only superior in taste but also support environmental and social responsibility. The farm-to-bar movement, which emphasizes direct relationships between cacao farmers and chocolate makers, has significantly boosted demand for single-origin cacao. This trend is further amplified by the proliferation of craft and artisanal chocolate brands, which prioritize transparency, unique flavor profiles, and direct trade practices. As a result, both established chocolate manufacturers and new entrants are expanding their single-origin product lines to capture this discerning market segment.

Another key driver of market expansion is the rising awareness of the health benefits associated with cacao, especially in its less processed forms. Single-origin dark chocolate, in particular, is rich in antioxidants, flavonoids, and essential minerals, which are linked to improved cardiovascular health, cognitive function, and mood enhancement. Health-conscious consumers are gravitating towards products with higher cacao content and minimal additives, fueling demand for single-origin offerings that promise purity and authenticity. This health-driven consumption pattern is also influencing product innovation in adjacent categories such as beverages, bakery, and even cosmetics, where single-origin cacao is valued for its natural, nutrient-rich profile.

Cocoa and Chocolate have long been cherished for their rich flavors and versatile applications, making them integral to the global confectionery landscape. In recent years, there has been a growing emphasis on the quality and origin of cocoa beans, particularly in the production of premium chocolates. This shift has led to an increased demand for single-origin cacao, where the unique characteristics of cocoa from specific regions are celebrated. The focus on Cocoa and Chocolate extends beyond taste, as consumers are also interested in the ethical and sustainable practices involved in their production. This trend is driving innovation and differentiation in the market, as brands strive to offer products that not only delight the palate but also align with consumer values.

The Single-Origin Cacao market is also benefiting from evolving retail landscapes and digital transformation. The rapid growth of e-commerce platforms, coupled with the rise of specialty stores and boutique chocolatiers, has made premium single-origin products more accessible to a global audience. Online channels, in particular, provide consumers with detailed information about product origin, flavor notes, and ethical credentials, facilitating informed purchasing decisions. Additionally, partnerships between cacao growers, cooperatives, and multinational chocolate brands are enhancing supply chain efficiency and traceability, further strengthening consumer trust and market growth.

Regionally, Latin America remains the epicenter of single-origin cacao production, owing to its ideal climatic conditions and centuries-old cultivation traditions. However, demand is surging across North America, Europe, and Asia Pacific, driven by increasing disposable incomes, urbanization, and a growing appreciation for gourmet chocolate experiences. Each region presents unique growth opportunities and challenges, from regulatory frameworks and import tariffs to consumer preferences and competitive dynamics. As the market continues to evolve, stakeholders are focusing on innovation, sustainability, and strategic partnerships to captu

This statistic depicts the average annual prices for cocoa from 2014 through 2027*. In 2025, the average price for cocoa stood at eight nominal U.S. dollars per kilogram.

Cocoa Market reached USD 14.52 billion in 2025 and is expected to grow at a CAGR of 5.27% from 2026 to 2032, reaching USD 19.76 billion by 2032.

The closure of the HoReCa segment caused the demand for cocoa beans to collapse in 2020, while the production remained stable. This led to a surge in unsold cocoa bean stocks in exporter-countries. EU chocolate producers are now trying to enlist a range of measures to ensure stable demand and secure supply chains on the cocoa bean market.