Cocoa fell to 9,161.21 USD/T on June 30, 2025, down 3.02% from the previous day. Over the past month, Cocoa's price has fallen 3.40%, but it is still 25.10% 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 June of 2025.

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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?

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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 (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 market. Supply chain management and waste

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.

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Dark Chocolate Market Size 2025-2029

The dark chocolate market size is forecast to increase by USD 37.37 billion, at a CAGR of 9.1% between 2024 and 2029.

The market is driven by the growing health consciousness among consumers, fueling the demand for dark chocolate due to its numerous health benefits. Dark chocolate, rich in antioxidants and minerals, is increasingly preferred over milk chocolate. Furthermore, the trend towards gourmet, artisanal, vegan, and gluten-free dark chocolate is gaining momentum, expanding the market's reach and appeal. However, the market faces challenges due to the volatility in raw material prices, primarily cocoa beans.
Producers and manufacturers must navigate this price instability to maintain profitability and competitiveness. To capitalize on the market's growth potential, companies should focus on innovation, catering to diverse consumer preferences, and implementing effective supply chain strategies to mitigate the impact of raw material price fluctuations.

What will be the Size of the Dark 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 dynamic nature of the market continues to unfold, driven by evolving consumer preferences and technological advancements. Health benefits associated with dark chocolate, derived from its high cocoa percentage and antioxidant properties, fuel demand across various sectors. Ingredient sourcing, from luxury chocolate to mass market varieties, influences production efficiency and sensory experience. Cocoa beans, the foundation of chocolate production, undergo rigorous quality control measures to ensure consistency and purity. Chocolate liquor, a key ingredient in chocolate bars and confections, is subject to process optimization for improved efficiency and cost savings. Consumer preferences for artisan chocolate, single origin, and fair trade options have led to product innovation and direct sales channels.

Cocoa powder, a versatile ingredient, finds applications in baking and beverages, including ice cream and chocolate cakes. Brand loyalty, driven by unique flavor profiles and sustainability practices, shapes pricing strategies for both luxury and mass market chocolate. Milk solids, cocoa mass, and cocoa butter are essential components in chocolate production, requiring ongoing process optimization to meet consumer demands and dietary restrictions. The continuous unfolding of market activities in the dark chocolate industry underscores the importance of ingredient sourcing, production efficiency, and consumer preferences. The sensory experience, from the first bite of a chocolate bar to the final luscious morsel of a chocolate truffle, remains a key differentiator for brands and manufacturers.

How is this Dark Chocolate Industry segmented?

The dark chocolate 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.

Type

  Conventional
  Organic


Distribution Channel

  Supermarkets
  Online Retail
  Specialty Stores


Product Type

  Bars
  Truffles
  Chips and Chunks
  Others


Geography

  North America

    US
    Canada


  Europe

    Belgium
    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

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

In the dynamic the market, various formats cater to diverse consumer tastes and preferences. Dark chocolate bars, available in varying cocoa percentages, are popular choices, offering a rich, smooth texture and intense cocoa flavor. These bars, ranging from semi-sweet to bittersweet, are favored by chocolate connoisseurs. Additionally, dark chocolate blocks are widely used in baking and confectionery applications due to their versatility. Dark chocolate pieces or chunks, convenient for snacking and recipe incorporation, are also prevalent. Furthermore, the market presents an array of flavored dark chocolate products, infused with fruits, nuts, spices, and herbs, to add complexity and depth to taste profiles.

Dark chocolate is not only consumed as standalone bars but also used in the production of chocolate liquor, chocolate chips, chocolate cakes, chocolate mousses, chocolate truffles, ice cream, and other confectionery items. Wholesale distribution and retail channels ensure easy accessibility to consumers, while quality control measures maintain consistency in product offerings. Brand loyalty is a significant factor, with artisan chocolate and fair trade options appealing to consumers seeking ethically sourced, high-quality ingredients. Production effici

Cocoa prices have dropped significantly due to demand concerns and market challenges, affecting the chocolate industry.

Graph and download economic data for Producer Price Index by Industry: Chocolate and Confectionery Manufacturing (PCU3113531135) from Dec 2011 to May 2025 about chocolate, confectionery, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Chocolate bar price in the United States: Get access to datasets from the world's biggest and respectable market research tool. 2 million reports updated monthly.

Chocolate Market size was valued at USD 130.72 Billion in 2024 and is projected to reach USD 172.89 Billion by 2030. Along with a CAGR of 4.17%.

The global dark chocolate market, as revealed in a new study published by Fact.MR, is expected to reach US$ 69.97 billion in 2024. Over the forecasted period from 2024 to 2034, revenue from the sales of dark chocolate is forecasted to advance at a CAGR of 7.2%, culminating in a market value of US$ 140.25 billion by 2034-end.

Report Attribute	Detail
Dark Chocolate Market Size (2024E)	US$ 69.97 Billion
Forecasted Market Value (2034F)	US$ 140.25 Billion
Global Market Growth Rate (2024 to 2034)	7.2% CAGR
Market Share of Organic Dark Chocolate (2034F)	55.4%
North America Market Share (2034F)	24.3%
Canada Market Growth Rate (2024 to 2034)	7.7% CAGR
Key Companies Profiled	Mondelez International; The Hershey Company; GCPPL Ltd.; Agostoni Chocolate; Barry Callebaut; Nestlé SA; Unilever and Mars Incorporated; Ghirardelli Chocolate Co.; Chocolatiers (UK) Ltd.; Godiva; Lindt & Sprungli AG; Patchi; Blommer Chocolate Company.

Country-wise Insights

Attribute	United States
Market Value (2024E)	US$ 7.44 Billion
Growth Rate (2024 to 2034)	7.6% CAGR
Projected Value (2034F)	US$ 15.54 Billion

Attribute	China
Market Value (2024E)	US$ 7.66 Billion
Growth Rate (2024 to 2034)	7.2% CAGR
Projected Value (2034F)	US$ 15.39 Billion

Attribute	Japan
Market Value (2024E)	US$ 4.53 Billion
Growth Rate (2024 to 2034)	7.7% CAGR
Projected Value (2034F)	US$ 9.52 Billion

Category-wise Insights

Attribute	Organic Chocolate
Segment Value (2024E)	US$ 37.81 Billion
Growth Rate (2024 to 2034)	7.5% CAGR
Projected Value (2034F)	US$ 77.7 Billion

Attribute	Food & Beverages
Segment Value (2024E)	US$ 53.88 Billion
Growth Rate (2024 to 2034)	7.1% CAGR
Projected Value (2034F)	US$ 106.59 Billion

The price per unit in the 'Chocolate Confectionery' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total *** U.S. dollars (+***** percent). After the tenth consecutive increasing year, the price per unit is estimated to reach ***** U.S. dollars and therefore a new peak in 2030. Notably, the price per unit of the 'Chocolate Confectionery' segment of the food market was continuously increasing over the past years.Find more key insights for the price per unit in countries and regions like the revenue in the 'Fresh Fruits' segment of the food market in the world and the average volume per capita in the 'Convenience Food' segment of the food market in Panama.The Statista Market Insights cover a broad range of additional markets.

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.

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Industrial Chocolate Market Size 2025-2029

The industrial chocolate market size is forecast to increase by USD 2.76 billion at a CAGR of 5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing consumer awareness and preference for dark chocolate due to its perceived health benefits. This trend is expected to continue, providing a promising opportunity for market participants. Volatility in the prices of essential ingredients like cocoa and sugar can significantly impact the profitability of chocolate manufacturers. The distribution chain for chocolate confectionery includes premium and high-quality chocolate manufacturers, chocolate confectionery companies, and food service providers.
Additionally, companies are placing greater emphasis on sustainable cocoa production to meet evolving consumer demands and mitigate potential risks. However, the market is not without challenges. Fluctuations in the prices of key raw materials, such as cocoa and sugar, pose significant risks to profitability and operational planning for chocolate manufacturers.
Effective supply chain management and price risk mitigation strategies will be essential for companies seeking to capitalize on market opportunities and navigate these challenges successfully.

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

The market is characterized by its continuous evolution and dynamic nature, with various sectors and applications driving market growth and innovation. Chocolate tempering and quality control remain crucial aspects of industrial chocolate processing, ensuring the production of high-quality bulk chocolate for diverse industries. The foodservice sector and retail industry are significant consumers of chocolate, with a growing demand for chocolate inclusions and customized formulations. Chocolate distributors play a vital role in the supply chain, facilitating the delivery of chocolate products to various markets. Chocolate robotics and automation are transforming industrial chocolate production, enhancing efficiency and reducing waste.
Chocolate trends continue to unfold, with sustainability and safety standards becoming increasingly important. Chocolate formulations are continually evolving to cater to changing consumer preferences, with innovations in chocolate technology and flavorings driving new applications in confectionery manufacturing. The bakery industry also relies heavily on chocolate, with chocolate enrobing and decoration being essential processes. Chocolate storage and logistics are critical components of the chocolate supply chain, ensuring the stability and shelf life of chocolate products. Chocolate recycling and certifications are also gaining importance, reflecting the industry's commitment to reducing waste and maintaining ethical production practices. Compound chocolate and chocolate fillings are popular choices for various applications, from bakery products to chocolate bars.
Chocolate stability and customization are key considerations in chocolate engineering, with chocolate labeling and packaging playing a crucial role in marketing and branding efforts. The ongoing unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in the ever-changing the market.

How is this Industrial Chocolate Industry segmented?

The industrial chocolate 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

  Milk chocolate
  Dark chocolate
  White chocolate


End-user

  Confectionery
  Biscuits and bakery products
  Dairy and desserts
  Ice creams and frozen items
  Others


Product Type

  Cocoa Powder
  Cocoa Liquor
  Cocoa Butter
  Compound Chocolate


Geography

  North America

    US
    Canada


  South America

    Brazil
    Argentina


  Middle East and Africa

    UAE


  Europe

    Belgium
    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

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

Milk chocolate, a popular type of chocolate with a smoother and creamier taste due to the addition of milk solids, has seen a decelerating demand as consumers prioritize healthier options. One pound of milk chocolate contains approximately 2,300 calories, 140 grams of fat, and 100 mg of cholesterol. This has led to an increasing preference for dark chocolate, which contains higher amounts of cocoa solids and less sugar and milk. Chocolate suppliers cater to this trend by offering a wider range of dark chocolate varieties. In the industrial chocolate processing sector, chocolat

The Chocolate Market report segments the industry into Confectionery Variant (Dark Chocolate, Milk and White Chocolate), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Five years of historical data and five-year forecasts are provided.

After two years of growth, the GCC chocolate market decreased by -16.2% to $1.6B in 2024. The market value increased at an average annual rate of +1.3% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The level of consumption peaked at $1.9B in 2023, and then declined markedly in the following year.

In 2024, the Hong Kong chocolate market increased by 7.9% to $927M, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Chocolate consumption peaked in 2024 and is likely to continue growth in years to come.

The UK chocolate market reached $5.5B in 2024, with an increase of 14% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2024: its value increased at an average annual rate of +4.2% 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 +72.1% against 2017 indices.

European Filled Boxed Chocolate Market Size Value Per Capita by Country, 2023 Discover more data with ReportLinker!

The global market size for real and compound chocolate reached a value of more than USD 45.95 Billion in 2024. The global real and compound chocolate market is expected to grow at a CAGR of 4.90% between 2025 and 2034, reaching a value of USD 74.14 Billion by 2034.

In September 2022, the chocolate price amounted to $5,372 per ton (CIF, US), increasing by 7.5% against the previous month.