Cocoa fell to 7,990.30 USD/T on July 11, 2025, down 8.60% from the previous day. Over the past month, Cocoa's price has fallen 18.47%, and is down 4.35% 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.

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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

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.

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...

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.

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.

global cocoa beans market size was evaluated at $13 billion in 2023 and is slated to hit $26 billion by the end of 2032 with a CAGR of nearly 7% between 2024 and 2032

The Malaysian cocoa bean market soared to $1.7B in 2024, growing by 41% against the previous year. Overall, consumption, however, saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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.

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.

Top Countries Cultivating, Processing, and Exporting Cacao Beans

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

The global Cocoa Bean Extract industry is estimated to be worth USD 8.45 billion by 2024. It is projected to reach USD 12.03 billion by 2034, reflecting a CAGR of 3.6% over the assessment period 2024 to 2034.

Semi-Annual Market Update

Country-wise Insights

Category-Wise Insights

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.

Asia Pacific Cocoa Beans market size is USD 3177.27 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

Cocoa Powder: Cocoa powder is widely used in baking, confectionery, and beverages due to its rich flavor and distinct color.Cocoa Butter: Cocoa butter is a versatile ingredient used in chocolates, cosmetics, and pharmaceuticals for its emollient and antioxidant properties.Cocoa Paste/Liquor: Cocoa paste/liquor is the base ingredient for chocolate production, with varying cocoa solids content. Recent developments include: June 2021: Hershey made a strategic move by acquiring Lily's Sweets, a manufacturer specializing in low-sugar chocolate. This acquisition aligns with Hershey's objective of diversifying its product portfolio to include healthier snacking options., February 2019: Olam International has recently finalized an agreement for the acquisition of BT Cocoa in Indonesia. This deal positions Olam International to leverage the growing market in Asia and establish itself as a leading global supplier of cocoa powder.. Notable trends are: Increasing consumer demand for premium and sustainable chocolate products is driving market growth..

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.

North America Cocoa Beans market size is USD 5525.68 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

The global cacao bean market, valued at $5,113.6 million in 2025, is poised for significant growth over the forecast period (2025-2033). While the exact CAGR is not provided, considering the rising demand for chocolate and cocoa products globally, coupled with increasing consumer spending in emerging markets, a conservative estimate of a 5% annual growth rate appears reasonable. This growth is fueled by several key drivers, including the increasing popularity of chocolate confectionery, the expanding use of cocoa in the food and beverage industry (including health and wellness products incorporating cocoa), and the growing preference for premium and specialty cocoa products. Furthermore, innovations in cocoa processing and product development, such as single-origin chocolate and sustainably sourced cocoa, are contributing to market expansion. However, the market faces challenges such as volatile cocoa prices, susceptibility to climate change impacting crop yields, and increasing competition from substitute ingredients. Regional growth will vary, with North America and Europe maintaining strong positions due to established consumer markets and high consumption rates. However, faster growth is anticipated in Asia-Pacific regions driven by rising disposable incomes and increasing chocolate consumption. The market segmentation reveals strong demand across various applications, with food and beverages holding the largest share. Within this segment, the growth of the foodservice sector is particularly notable, with increasing chocolate and cocoa-based offerings in restaurants and cafes. The type of cacao bean, specifically Forastero and Criollo, influences market dynamics. Forastero, being more widely available and cost-effective, dominates production volume. However, the demand for higher-quality Criollo beans is steadily rising, driven by the increasing popularity of gourmet chocolate. Key players like Cargill, Barry Callebaut, and Olam International are strategically positioning themselves to leverage these trends through vertical integration, sustainable sourcing initiatives, and product diversification. The competitive landscape is marked by a mix of large multinational corporations and smaller niche players, creating a dynamic environment characterized by both consolidation and innovation.

In 2024, the Chinese cocoa bean market increased by 78% to $67M, rising for the second year in a row after four years of decline. Over the period under review, consumption, however, recorded a pronounced setback. Over the period under review, the market reached the maximum level at $115M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

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.