Cocoa rose to 8,275.30 USD/T on July 14, 2025, up 1.20% from the previous day. Over the past month, Cocoa's price has fallen 18.06%, and is down 3.20% 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 July of 2025.

Between 2016 and 2024, the monthly price of cocoa worldwide peaked in April 2024 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.

Graph and download economic data for Global price of Cocoa (PCOCOUSDM) from Jan 1990 to Apr 2025 about cocoa, World, and price.

The market price of cocoa beans is influenced by a variety of factors including supply and demand dynamics, weather conditions, political instability in cocoa-producing regions, and currency fluctuations. Cocoa beans are the primary ingredient used in the production of chocolate, making the cocoa market an important component of the global confectionery industry. This article explores the various factors that affect cocoa bean prices and highlights the importance of understanding these factors for stakehold

Learn about the factors that influence the price of cocoa beans per kg, including supply and demand dynamics, market conditions, and global cocoa market indicators. Explore the impact of factors such as weather conditions, political instability, and consumer demand on cocoa bean prices. Discover the role of futures contracts in determining cocoa prices and understand the importance of considering the entire cocoa supply chain. Find out the current average price of cocoa beans and the significance of certifi

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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

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.

According to Cognitive Market Research, the global Cocoa Beans market size is USD 13814.2million in 2024 and will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 5525.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a share of over30% of the global market size of USD 4144.26million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 3177.27million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 690.71million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa held the major market ofaround 2.00% of the global revenue with a market size of USD 276.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Cocoa Powder held the highest Cocoa Beans market revenue share in 2024.

Market Dynamics of Cocoa Beans Market

Driving Factor of the Cocoa Beans Market

Growing Demand for Chocolate Products to Increase the Demand Globally: One key driver in the cocoa beans market is the growing demand for chocolate products worldwide. As consumer preferences shift towards indulgent and premium treats, the demand for chocolate continues to rise. This increasing demand drives the need for cocoa beans, as they are the primary ingredient in chocolate production. Additionally, the rising popularity of chocolate in emerging markets, coupled with the expansion of the confectionery industry, further contributes to the demand for cocoa beans. As a result, cocoa bean producers experience higher demand, stimulating market growth and driving up prices in the cocoa beans market.

Shift Towards Sustainable and Ethical Sourcing Practices to Propel Market Growth: Another key driver shaping the cocoa beans market is the global shift towards sustainable and ethical sourcing practices. With increasing awareness of environmental and social issues, consumers, as well as chocolate manufacturers, are placing greater emphasis on sourcing cocoa beans from sustainable and ethically responsible suppliers. This trend is driven by concerns over deforestation, child labour, and fair wages in cocoa-producing regions. As a result, there is a growing demand for certified cocoa beans, such as those with Fair Trade or Rainforest Alliance certifications. Producers and suppliers that adopt sustainable practices benefit from increased consumer trust and access to premium markets, driving the adoption of sustainable sourcing practices across the cocoa beans market.

Restraint Factor of the Cocoa Beans Market

Climate Change and Environmental Factors to Limit the Sales: One key restraint in the cocoa beans market is the impact of climate change and environmental factors on cocoa production. Cocoa trees are sensitive to changes in temperature, rainfall patterns, and humidity, all of which are influenced by climate change. Shifts in weather patterns, such as prolonged droughts or excessive rainfall, can negatively affect cocoa yields and quality, leading to reduced harvests and increased susceptibility to pests and diseases. Additionally, deforestation and habitat destruction in cocoa-producing regions further exacerbate environmental challenges, threatening the long-term sustainability of cocoa production. As a result, cocoa bean producers face increased risks and uncertainties related to climate change and environmental degradation, which can constrain supply and drive up production costs in the cocoa beans market.

Trends of the Cocoa Beans Market

Growing Interest in Artisanal Chocolate and Bean-to-Bar Products: Premium, small-batch chocolate products with little processing and transparent sourcing are becoming more and more popular with consumers. Bean-to-bar chocolate brands that emphasize ethical supply chains and single-origin cocoa beans have grown as a result of this trend. Specialty cocoa beans with distinctive qualities are becoming more and more popular as customers grow more picky about quality, flavor profiles, and origin. This change creates chances for distinction in a fiercely competitive industry and encourages the growth of...

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans was 87.60000 Index Dec 2011=100 in December of 2018, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans reached a record high of 105.30000 in December of 2015 and a record low of 81.10000 in December 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: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Chocolate/Chocolate-Type Confectionery Products, Cacao Beans (WPU025503011) from Dec 2011 to May 2025 about chocolate, confectionery, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

This data illustrates the year-on-year price development of cocoa bean imports in Germany from 2009 to 2023. In 2023, import prices of cocoa beans increased by around 34 percent compared to the year before. This was a significant change compared to 2022.

The global cocoa beans market, valued at $17.24 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.81% from 2025 to 2033. This expansion is driven by several key factors. Increasing global demand for chocolate and cocoa-based products, fueled by rising disposable incomes and changing consumer preferences in both developed and developing nations, is a primary catalyst. Furthermore, the growing popularity of premium and specialized chocolate varieties, along with the expanding confectionery industry, significantly contributes to market growth. Innovation in cocoa processing techniques and the introduction of sustainable and ethically sourced cocoa beans are also positively impacting market dynamics. Major players like Cargill, Mars, Mondelez International, Olam International, and Barry Callebaut are actively involved in shaping the market landscape through strategic acquisitions, product diversification, and supply chain optimization. However, the market faces challenges. Fluctuations in cocoa bean prices due to climatic conditions and political instability in major cocoa-producing regions create uncertainty. Concerns regarding sustainability and deforestation associated with cocoa cultivation are also emerging as significant restraints. To mitigate these risks, companies are increasingly investing in sustainable farming practices and traceability initiatives to ensure a responsible and transparent supply chain. The segmentation of the market (though not specified) likely includes distinctions based on bean type (e.g., Forastero, Criollo, Trinitario), processing methods, and geographic origin, further influencing the dynamics of this complex and ever-evolving market. The projected growth trajectory suggests a promising future for the cocoa beans market, though strategic management of supply chain risks and a focus on sustainability will be critical for long-term success. Key drivers for this market are: Increasing Demand for Indian Rice, Enhancing Production Capacities; Increasing Government Initiatives. Potential restraints include: Abiotic and Biotic Stresses in Rice Cultivation, High Market Entry Costs. Notable trends are: Wide Application of Cocoa in Different End-user Industries.

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.

The global cocoa beans market, valued at $11,920 million in 2025, is poised for significant growth. While the exact CAGR is unavailable, considering the consistent demand driven by the confectionery and beverage industries, coupled with the increasing popularity of chocolate and cocoa-based products globally, a conservative estimate of a 5% CAGR is plausible for the forecast period 2025-2033. This growth is fueled by several factors. Rising disposable incomes in emerging economies, particularly in Asia and Africa, are leading to increased consumption of chocolate and cocoa products. Furthermore, innovation in cocoa product formulations, such as the development of new chocolate varieties and cocoa-infused beverages, is expanding the market's appeal to a broader consumer base. However, challenges remain, including fluctuating cocoa bean prices influenced by climate change and weather patterns impacting harvests, and concerns regarding sustainable sourcing and ethical production practices. Major players like Cargill, Barry Callebaut, Meridian Cacao Company, Cocoa Supply Company, and Olam Group are actively involved in addressing these concerns through initiatives aimed at improving farmer livelihoods and enhancing sustainability throughout the supply chain. The market segmentation, while not explicitly detailed, likely includes distinctions based on bean type (Forastero, Criollo, Trinitario), processing methods (fermentation, drying), and product form (beans, nibs, liquor, butter). Regional variations in consumption patterns and production capabilities also contribute to market segmentation. The historical period (2019-2024) likely witnessed periods of both growth and volatility, reflecting the inherent sensitivity of agricultural commodities to external factors. The forecast period (2025-2033) presents opportunities for market expansion, particularly through increased investment in sustainable farming practices, improved supply chain transparency, and targeted marketing efforts to capitalize on evolving consumer preferences. This will likely lead to a shift towards higher-quality, sustainably sourced cocoa beans, with increased premium pricing for products that meet these criteria.

The global cacao bean market is a dynamic sector experiencing robust growth, driven by increasing consumer demand for chocolate and cocoa products worldwide. While precise market figures weren't provided, considering a typical CAGR for agricultural commodities and the established market players like Cargill and Barry Callebaut, a reasonable estimate for the 2025 market size could be in the range of $10-12 billion USD. This significant value reflects the substantial global consumption of cacao beans. The market's growth is fueled by several factors, including the rising popularity of premium chocolate, the expansion of emerging economies with increasing disposable incomes, and the diversification of cacao-based products beyond traditional chocolate into health and wellness categories like cocoa powder and nut butter blends. Furthermore, increasing awareness of cacao's health benefits, such as its antioxidant properties, contributes to its appeal. However, the industry faces challenges. Climate change poses a significant threat, impacting cacao bean yields and potentially disrupting supply chains. Sustainability concerns, including deforestation and child labor in cacao farming, are also major hurdles that are prompting increased scrutiny and pressure for ethical sourcing and sustainable farming practices. The market is segmented by various factors including bean type, processing methods, and geographical region. Major players, including Cargill, Barry Callebaut, and Olam International, are key drivers of market innovation and technological advancements, continually seeking efficient and sustainable production techniques to meet the growing global demand while addressing the ethical and environmental concerns. The forecast period of 2025-2033 suggests continued expansion, although the exact CAGR will depend on how effectively the industry addresses its challenges and adapts to evolving consumer preferences. Innovation in product development and sustainable farming practices will be critical in shaping the market's future trajectory.

The global cocoa bean market is expected to grow at a CAGR of 3.5% during the forecasted period of 2025-2033. The market is projected to grow from USD XXX million in 2025 to USD XXX million by 2033. The rising consumer demand for chocolate and cocoa-based products, coupled with increasing awareness of the health benefits associated with cocoa consumption, are major drivers of the cocoa bean market. Growing disposable income and changing lifestyles, particularly in developing countries, are further contributing to the market growth. The increasing urbanization and industrialization in developing regions have led to the emergence of organized retail formats, including supermarkets and hypermarkets, which have made cocoa beans more accessible to consumers. The growing popularity of online retail channels is also providing new opportunities for cocoa bean traders and manufacturers to reach a wider customer base. Additionally, the increasing use of cocoa beans in the food and beverage industry, cosmetics, and pharmaceuticals is expected to support the market growth during the forecast period. However, factors such as climate change, rising input costs, and price volatility in the global cocoa bean market could restrain market growth.

Ghana Export Price: Cocoa Beans data was reported at 2,225.320 USD/Metric Ton in Mar 2018. This records a decrease from the previous number of 2,318.970 USD/Metric Ton for Dec 2017. Ghana Export Price: Cocoa Beans data is updated quarterly, averaging 2,672.150 USD/Metric Ton from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 3,370.400 USD/Metric Ton in Mar 2011 and a record low of 1,555.600 USD/Metric Ton in Sep 2006. Ghana Export Price: Cocoa Beans data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P003: Export Price.

The global cocoa and chocolate market is a dynamic and substantial industry, exhibiting robust growth potential over the forecast period (2025-2033). While precise market size figures for 2019-2024 are unavailable, industry reports suggest a sizable market value in 2025 (let's assume $100 billion for illustrative purposes, acknowledging this is an estimation). A Compound Annual Growth Rate (CAGR) of, let's assume, 5% is reasonable considering historical trends and projected consumer demand. This implies a considerable expansion over the forecast period, with significant growth driven by several key factors. Rising disposable incomes in emerging economies are fueling increased consumption of chocolate and cocoa-based products, particularly in Asia and Africa. Furthermore, evolving consumer preferences towards premium, artisanal, and ethically sourced chocolate are creating new market segments and opportunities. Health and wellness trends also play a part, with the increasing availability of dark chocolate and cocoa products marketed for their health benefits influencing market dynamics. However, the industry also faces certain challenges. Fluctuations in cocoa bean prices due to weather patterns and geopolitical factors represent a significant restraint. Sustainability concerns regarding cocoa farming practices and deforestation are increasingly impacting consumer choices and regulatory policies. Competition among established players like Barry Callebaut, Cargill, Nestlé, and Mars, coupled with the rise of smaller, niche brands, necessitates continuous innovation and strategic adaptation. Segment-wise, the market is likely diversified across different product types (e.g., chocolate bars, confectionery, cocoa powder, beverages) and distribution channels. Regional analysis likely reveals strong performance in North America and Europe, alongside rapid growth in developing markets. Successfully navigating these factors will be crucial for companies aiming to capture a significant share of this expanding global market.

In 2024, the global cocoa bean market increased by 36% to $23.2B, rising for the second year in a row after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +4.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +46.1% against 2022 indices.

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