The Report On Cocoa Beans Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa) Based On Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. It Also Offers Market Estimates and Forecasts in Terms of Value (USD) and Volume (Metric Tons) for all the Above Segments.

Cocoa decreased 3,489.42 USD/MT or 30.33% since the beginning of 2025, 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 March of 2025.

Between 2016 and 2024, the monthly price of cocoa worldwide peaked in April 2024 at about 9,876 U.S. dollars per metric ton. Global cocoa industry Global cocoa production is expected to reach about 4.5 million tons in the 2023/2024 crop year. Most of the world’s cocoa beans are grown in Africa; in 2023/2024, about 3.2 million tons of cocoa beans were produced there, while about one 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 14.4 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.

The market is expected to grow at a CAGR of 6.5 % with a market value of USD 15.5 Billion in 2025 and USD 29.1 Billion in 2035. The market growth is primarily driven by increasing demand for premium and artisanal chocolate along with quality cacao beans.

Market Metrics

Country-wise Outlook

Competitive Outlook

The size of the Cocoa Beans Market was valued at USD 178.9 billion in 2023 and is projected to reach USD 243.46 billion by 2032, with an expected CAGR of 4.5 % during the forecast period. Cocoa beans are the seeds of the cacao tree (Theobroma cacao), native to the tropical regions of Central and South America, and are primarily used in the production of chocolate and cocoa products. The beans are encased in pods that grow directly from the trunk and branches of the cacao tree. Inside these pods, the cocoa beans are surrounded by a sweet, white pulp, which is also edible but is not the main product. To harvest cocoa beans, farmers cut the pods from the tree, split them open, and remove the beans, which are then fermented for several days. This fermentation process is crucial as it develops the beans' flavor and aroma, laying the foundation for the chocolate-making process. After fermentation, the beans are dried, roasted, and winnowed to remove their outer shells, leaving behind the cocoa nibs, which are the essence of chocolate. Cocoa beans contain a complex mixture of compounds, including flavonoids, theobromine, and caffeine, contributing to their unique flavor profile and potential health benefits. The primary product derived from cocoa beans is chocolate, available in various forms such as dark, milk, and white chocolate, each differing in cocoa content and processing methods. Cocoa beans also produce cocoa powder and cocoa butter, which are used in baking, confectionery, and cosmetic products. The cocoa industry has significant economic implications, particularly for farmers in developing countries who rely on cocoa cultivation for their livelihoods. However, the industry faces challenges such as price volatility, climate change, and ethical concerns regarding labor practices. As a result, sustainable and fair-trade practices are gaining importance in cocoa production, ensuring that farmers receive fair compensation while promoting environmentally friendly cultivation methods.

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 Indian cocoa bean market soared to $256M in 2024, picking up by 18% against the previous year. In general, consumption saw a resilient increase. Over the period under review, the market hit record highs at $262M in 2022; however, from 2023 to 2024, consumption failed to regain momentum.

Global Cocoa Beans Market Size Volume Per Capita by Country, 2023 Discover more data with ReportLinker!

The cocoa bean market in the United Arab Emirates declined notably to $7.8M in 2024, dropping by -32% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market attained the peak level at $30M in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

Global Cocoa Value Chain Industry Report Covers A Detailed Supply Chain Analysis and Value Chain Analysis of the Cocoa Bean Industry At A Global Level. A Typical Cocoa Beans Value Chain System Involves the Operation of Five Major Segments: Cocoa Bean Production, Sourcing and Trading, Marketing, Processing, Distribution, and Retailing To the Final Consumers. Stakeholders Across the Value Chain, The Price Margin At Each Stakeholder Level, and Issues Prevalent in the Cocoa Beans Value Chain are Also Provided in the Report.

Forecast: Cocoa Beans Market Size Volume in South America 2023 - 2027 Discover more data with ReportLinker!

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

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..

In 2024, after four years of growth, there was significant decline in the Russian cocoa bean market, when its value decreased by -27% to $62M. Over the period under review, consumption saw a noticeable reduction. As a result, consumption reached the peak level of $85M, and then dropped rapidly in the following year.

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.

Forecast: Cocoa Beans Market Size Volume Per Capita in Chile 2023 - 2027 Discover more data with ReportLinker!

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.

Middle East and Africa Cocoa Beans market size is USD 276.28 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

The market size of the North America Organic Cocoa Beans Market is categorized based on Application (Type 1, Type 2, Type 3, Type 4) and Product (Type 1, Type 2, Type 3, Type 4) and geographical region of North America which includes United States of America, Canada and Mexico.