The Canada Chocolate Market is segmented by Confectionery Variant (Dark Chocolate, Milk and White Chocolate) and by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

The Canada cocoa market size was valued at USD 458.32 Million in 2024. The market is further projected to grow at a CAGR of 5.60% between 2025 and 2034, reaching a value of USD 790.33 Million by 2034.

In Canada Cocoa Market, The primary driver of the cocoa market is the increasing demand for chocolate, which is the leading end-use product of cocoa.

The chocolate production industry in Canada has shown resilience and adaptability in the face of evolving consumer preferences and market dynamics. Recent years have highlighted a growing demand for premium, artisanal and sustainably sourced chocolate products, which has driven growth in this sector. Despite facing challenges like rising ingredient costs and supply chain disruptions, the industry has maintained its performance, with producers innovating to meet the diverse tastes of Canadian consumers. The increasing focus on health-conscious options and ethical sourcing has redefined the market, positioning Canadian chocolate producers to thrive in a competitive landscape. Because revenue declines early in the period, industry revenue is expected to climb at a CAGR of 4.9% to $3.4 billion through the end of 2025, despite a 0.2% dip in 2025. Over the past five years, the chocolate production industry has experienced notable shifts. The premium and artisanal segments have outperformed the broader industry, fueled by heightened consumer interest in high-quality, unique chocolate offerings. Brands prioritizing ethical sourcing and transparency have gained traction, increasing brand loyalty. However, traditional mass-market chocolate products have faced declining sales as consumers become more selective. The rise of e-commerce has also reshaped how chocolate is sold, with more producers adopting direct-to-consumer models to engage with customers effectively. These trends have not only changed consumer purchasing behaviors but have also prompted manufacturers to innovate continuously Looking ahead, the Canadian chocolate production industry is expected to continue evolving over the next five years. Anticipated trends include a push toward sustainability and health-conscious products, as consumers increasingly demand chocolate made with natural ingredients and ethical practices. The growth of technology in production processes will enhance efficiency and allow for more personalized product offerings. Also, as e-commerce expands, brands will need to adapt their marketing strategies to capture the attention of online shoppers. Overall, the chocolate production sector in Canada is poised for growth, driven by its ability to innovate and respond to consumer demands in an ever-changing market. Overall, revenue is estimated to rise at a CAGR of 0.7% to an estimated $3.6 billion over the five years to 2030.

The Canadian cocoa bean market surged to $569M in 2024, increasing by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a buoyant increase. Cocoa bean consumption peaked in 2024 and is likely to continue growth in the near future.

In 2023, supplies from abroad of cocoa beans decreased by -6.6% to 126K tons for the first time since 2019, thus ending a three-year rising trend.

The average volume per capita in the 'Chocolate Confectionery' segment of the food market in Canada was forecast to continuously increase between 2025 and 2030 by in total *** kilograms (+**** percent). After the eighth consecutive increasing year, the average volume per capita is estimated to reach *** kilograms and therefore a new peak in 2030. Find other key market indicators concerning the volume and average price per unit (PPU). The Statista Market Insights cover a broad range of additional markets.

The volume in the 'Chocolate Confectionery' segment of the food market in Canada was forecast to continuously increase between 2025 and 2030 by in total **** thousand tons (+***** percent). After the eighth consecutive increasing year, the volume is estimated to reach ****** thousand tons and therefore a new peak in 2030. Find other key market indicators concerning the average consumption per capita and average price per unit (PPU). The Statista Market Insights cover a broad range of additional markets.

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Cocoa Beans Market Size 2025-2029

The cocoa beans market size is forecast to increase by USD 3.58 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the escalating popularity of chocolate-flavored beverages. This trend is fueled by consumers' increasing preference for indulgent and convenient food and beverage options, particularly in the rapidly expanding coffee shop and quick-service restaurant sectors. Furthermore, the expanding global middle class, particularly in emerging economies, is fueling a surge in demand for chocolate products. However, the market is not without challenges. The volatility in prices of cocoa beans poses a significant risk for market participants. Cocoa bean prices are influenced by various factors, including weather conditions, supply and demand dynamics, and geopolitical tensions. These price fluctuations can impact the profitability of cocoa bean producers and processors, as well as manufacturers of chocolate and chocolate-flavored products. Additionally, the increasing number of mergers and acquisitions in the industry is intensifying competition and reshaping the market landscape. Companies must navigate these challenges to capitalize on the market's growth opportunities and maintain a competitive edge.

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

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by various factors that shape its dynamics. Price fluctuations are a persistent feature, influenced by supply chain management, global trade, and international standards. The demand for cocoa powder supplements in the health and wellness sector and the antioxidant properties of cocoa have fueled growth. Farming practices, from organic certification to sustainable agriculture, impact bean quality and consumer preferences. Retail distribution channels have expanded, with e-commerce and digital marketing playing increasingly significant roles. The cosmetic industry and chocolate truffles have emerged as new applications for cocoa, while food safety remains a critical concern. Chocolate making, from chocolate bars to chocolate confectionery, requires precise ingredient cost management and quality control. Cocoa nibs and cocoa butter extract are gaining popularity due to their unique flavor profiles and nutritional value. The food industry's evolving trends, such as consumer education and demand forecasting, influence pricing strategies. Theobroma cacao, the source of cocoa beans, is subject to market volatility, affecting the entire supply chain. Fair trade and brand building initiatives are shaping the market, with consumers increasingly aware of the social and environmental implications of their choices. The ongoing unfolding of these market activities highlights the continuous nature of the market and the need for adaptive strategies.

How is this Cocoa Beans Industry 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. ApplicationConfectioneryFunctional food and beverageCosmeticsOthersProductCocoa butterCocoa powderCocoa beveragesOthersTypeForasteroTrinitarioCriolloNatureOrganicConventionalSale ChannelB2BB2CGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAEAPACChinaIndiaJapanSouth AmericaArgentinaBrazilRest of World (ROW).

By Application Insights

The confectionery segment is estimated to witness significant growth during the forecast period.The market is experiencing significant growth due to the increasing demand for low-fat alkalized and natural cocoa powders in various confectionery products, such as toffee, hard candy, boiled sweets, marshmallows, count lines, and fondants. The confectionery segment is anticipated to dominate the market during the forecast period, driven by the popularity of cocoa-based chocolate and confectionery drops/chunks. Companies like Mars and Nestle are innovating by producing chocolate liquor with high cocoa mass, enhancing the chocolate flavor. For instance, Prodigy Snacks Ltd, a UK confectionery company, introduced Phenomenoms, a new chocolate biscuit range, on May 30, 2022. International standards, certification schemes, and fair trade practices are essential in maintaining quality control and consumer trust. Supply chain management and global trade play crucial roles in ensuring a steady supply of cocoa beans. Consumer education, demand forecasting, and flavor profiles influence purchasing decisions. Cocoa nibs, sustainable agriculture, and health benefits are emerging trends. Market volatility and pri

Cocoa rose to 8,390.48 USD/T on July 31, 2025, up 2.24% from the previous day. Over the past month, Cocoa's price has fallen 4.01%, but it is still 11.20% higher than a year ago, 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 July of 2025.

The Canadian chocolate market is projected to grow at a CAGR of 4.20% during the forecast period (2025-2033). The market is expected to reach a value of XX million by 2033. The growth of the market is attributed to the increasing demand for premium chocolate products, changing consumer preferences, and the growing popularity of e-commerce. Dark chocolate is the most popular confectionery variant in Canada, accounting for over 50% of the market share. Milk and white chocolate are also popular variants, with market shares of 35% and 15%, respectively. The distribution of chocolate products in Canada is primarily through supermarkets/hypermarkets, which account for over 60% of the market share. Other distribution channels include convenience stores, online retail stores, and others. Major companies operating in the Canadian chocolate market include La Siembra Co-operative Inc, Nestlé SA, Newfoundland Chocolate Company, Chocoladefabriken Lindt & Sprüngli AG, Palette de Bine, Soma Chocolate, Roger's Chocolate, Ferrero International SA, Mars Incorporated, Qantu Chocolate, The Hershey Company, Purdys Chocolatier, Laura Secord SEC, Mondelēz International Inc, and Alfred Ritter GmbH & Co KG. Recent developments include: October 2023: Camino Chocolates released a new line of biodegradable and compostable wood pulp inner wrappers for its chocolate bars. The new wood pulp packaging is from responsibly managed forests and is certified by the Forest Certification Council (FSC).March 2023: Camino Chocolates announced the launch of two milk-style, plant-based chocolate bars made with oat milk. The two new flavors —Hazelnuts & Salted Caramel and Creamy Chocol-oat —are great options for milk chocolate lovers who are looking for plant-based and ethical options.January 2023: Ritter Sport launched a Travel Retail Edition Vegan Tower 5x100 g set globally, offering three varieties of non-dairy chocolate in a five-pack. The travel edition assortment's flavors include Smooth Chocolate, Roasted Peanut, and Salted Caramel, which were introduced in domestic markets in January 2023.. Key drivers for this market are: Escalating Demand for Processed Poultry Products, Favorable Government Initiatives to Boost Production. Potential restraints include: Rising Vegan Trend among Young Consumers, Deeper Penetration of Red Meat Across Saudi Arabia. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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Chocolate Market Size 2025-2029

The chocolate market size is forecast to increase by USD 52.7 billion, at a CAGR of 5.1% between 2024 and 2029.

The market is characterized by the increasing trend towards premiumization, as consumers seek high-quality, artisanal, and ethically-sourced chocolate products. Simultaneously, innovation in chocolate packaging continues to shape the market landscape, with manufacturers focusing on sustainable, eco-friendly, and visually appealing solutions to differentiate their products. However, the market faces challenges in the form of unstable cocoa prices and declining per capita consumption in some regions. These challenges necessitate strategic planning and agility from market players, as they navigate price fluctuations and adapt to evolving consumer preferences.
To capitalize on opportunities and mitigate risks, companies must focus on sustainable sourcing, product innovation, and effective marketing strategies. By staying attuned to these market dynamics, chocolate manufacturers can position themselves for long-term success in this dynamic and evolving market.

What will be the Size of the Chocolate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, with dynamic market dynamics shaping its various sectors. Milk solids remain a crucial component, as manufacturers strive for optimal product quality and consumer preferences shift towards milk chocolate. Chocolate spread and hot chocolate segments experience growth, driven by innovation and expanding application areas. Supply chain management plays a pivotal role, with cocoa butter and import markets influencing production capacity. E-commerce sales surge, disrupting traditional distribution channels. Dark chocolate, with its health benefits, gains popularity, while premium chocolate and gourmet offerings cater to discerning consumers. Ingredient sourcing, including fair trade cocoa beans, and pricing strategies are critical factors.

Shelf life and food safety concerns are addressed through rigorous quality control measures. The market's continuous unfolding is reflected in the emergence of new product categories, such as chocolate liquor and chocolate syrup. Cocoa nibs and white chocolate find applications in various industries, from food and beverage to cosmetics. Brand loyalty and consumer preferences shape the competitive landscape, with mass production and candy making companies vying for market share. Waste management and sustainability become increasingly important considerations. The market's evolution underscores its versatility and adaptability, as it caters to diverse consumer demands and industry trends.

How is this Chocolate Industry segmented?

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

Product

  Milk chocolate
  Dark chocolate
  White chocolate


Distribution Channel

  Offline
  Online


Type

  Traditional
  Artificial


Cocao Content

  Low (<30%)
  Medium (30-60%)
  High (>60%)


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 Product Insights

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

The market encompasses various product categories, including gourmet chocolate, milk chocolate, and chocolate candies. Milk chocolate, made with milk and containing 10%-20% cocoa solids and milk solids, is a popular choice due to its smoother, creamier taste. However, health concerns have led to a decrease in demand, with each pound containing approximately 2,300 calories, 140 grams of fat, and 100 milligrams of cholesterol. Product innovation continues to drive the market, with new flavors and product lines introduced regularly. Export markets and fair trade practices have expanded, ensuring ethical sourcing of cocoa beans and premium ingredients. Production capacity has increased, enabling mass production while maintaining quality control.

Consumer preferences for dark chocolate and healthier options have influenced pricing strategies. Distribution channels have expanded to include e-commerce sales and retail outlets. Ingredient sourcing, shelf life, and food safety are critical considerations. Cocoa powder, chocolate chips, chocolate bars, chocolate spread, hot chocolate, chocolate liquor, cocoa butter, and import markets are integral components of this dynamic ma

Cameroon Exports of cocoa beans (whole or broken) to Canada was US$267.92 Thousand during 2022, according to the United Nations COMTRADE database on international trade. Cameroon Exports of cocoa beans (whole or broken) to Canada - data, historical chart and statistics - was last updated on July of 2025.

The Canadian cocoa powder market is expected to exceed USD 220 million by 2029, fueled by rising consumer preference for baked goods and desserts. Canada heavily imports cocoa prod

The Canadian chocolate market soared to $3.2B in 2024, growing by 16% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2024: its value increased at an average annual rate of +4.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +39.3% against 2019 indices.

Canada Chocolate Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition, Forecast & Opportunities.

Canada Imports from Ivory Coast of Cocoa and cocoa preparations was US$431.6 Million during 2024, according to the United Nations COMTRADE database on international trade. Canada Imports from Ivory Coast of Cocoa and cocoa preparations - data, historical chart and statistics - was last updated on August of 2025.

Nestlé was the leading chocolate company in Canada in 2018, holding a share of around 18.6 percent of all chocolate sales in Canada in the 52 weeks ending July 21, 2018. Hershey and Mondelez were in second and third place, with market shares of 16.7 and 14.8 percent respectively.

The growth of Nestlé

Nestlé is a Swiss food and drink company which was formed through a merger in 1905. The company witnessed significant growth during and after the two world wars, when they started to extend their products beyond condensed milk and infant formula. Today, the company owns over 2,000 brands. Besides their world-renowned chocolate brands, such as KitKat and Smarties, they now also produce several other FMCG products including baby food, bottled water and other beverages, cereals, coffee and tea and snacks.

Nestlé on a global scale

In 2017, Nestlé was ranked the top FMCG company in the world, with net sales reaching an impressive 91.19 billion U.S. dollars. In this same year, the company employed approximately 323,000 people globally. When it comes to regional sales distribution, the Americas accounted for around 44.9 percent of Nestlé’s global sales in 2018.

Technological advancements in the Canada Chocolate industry are shaping the future market landscape. The report evaluates innovation-driven growth and how emerging technologies are transforming industry practices, offering a comprehensive outlook on future opportunities and market potential.

In Canada Cocoa Fillings Market, It has experienced steady growth, driven by the increasing demand for cocoa-based confectionery products.