Get the latest insights on price movement and trend analysis of Cocoa Butter in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

In 2024, the global cocoa butter market increased by 42% to $13.6B, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a strong increase from 2012 to 2024: its value increased at an average annual rate of +6.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The global cocoa butter market is estimated to be worth USD 8,859.1 million in 2025 and is projected to reach a value of USD 10,589.3 million by 2035, expanding at a CAGR of 1.8% over the assessment period of 2025 to 2035.

Attributes	Description
Estimated Global Cocoa Butter Business Size (2025E)	USD 8,859.1 million
Projected Global Cocoa Butter Business Value (2035F)	USD 10,589.3 million
Value-based CAGR (2025 to 2035)	1.8%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	1.6%
H2 (2024 to 2034)	1.8%
H1 (2025 to 2035)	1.7%
H2 (2025 to 2035)	1.9%

Country-wise Insights

Country	United States
Market Volume (USD Million)	1,010.00
CAGR (2025 to 2035)	3.70%

Country	Germany
Market Volume (USD Million)	735.8
CAGR (2025 to 2035)	2.70%

Country	China
Market Volume (USD Million)	857.4
CAGR (2025 to 2035)	5.60%

Country	Japan
Market Volume (USD Million)	402.7
CAGR (2025 to 2035)	6.80%

Country	United Kingdom
Market Volume (USD Million)	735.8
CAGR (2025 to 2035)	2.70%

Category-Wise Insights

Segment	Value Share (2025)
Natural Cocoa Butter (By Product Type)	54.3%

Segment	Value Share (2025)
Food & Beverage (By End Use)	62.1%

Cocoa rose to 8,650.30 USD/T on August 8, 2025, up 0.07% from the previous day. Over the past month, Cocoa's price has risen 3.27%, but it is still 4.81% lower 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 August of 2025.

In 2024, the Canadian cocoa butter market decreased by -1.5% to $385M, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated a mild expansion from 2012 to 2024: its value increased at an average annual rate of +1.9% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

Cocoa Butter (Food Grade) prices in NW Europe surged in 2024. EMR predicts high 2025 prices driven by strong demand from the chocolate industry.

The Chinese cocoa butter market skyrocketed to $170M in 2024, increasing by 79% against the previous year. Over the period under review, consumption posted a significant expansion. Cocoa butter consumption peaked in 2024 and is expected to retain growth in the immediate term.

Get the latest insights on price movement and trend analysis of Cocoa in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Global Cocoa Butter and Powder market size 2025 was XX Million. Cocoa Butter and Powder Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Cocoa Butter Market size was valued at USD 5.01 Billion in 2024 and is projected to reach USD 9.37 Billion by 2032, growing at a CAGR of 8.13% from 2026 to 2032.

Cocoa Butter Market Drivers

Rising Demand for Chocolate and Confectionery Products: The cocoa butter market is driven by the increasing demand for chocolate and confectionery products. cocoa butter is a key ingredient, providing the desired texture and flavor in chocolates. Increasing Awareness of the Health Benefits of Cocoa Butter: Growing awareness of the health benefits of cocoa butter is boosting its market. Rich in antioxidants and fatty acids, it is sought after for its skin-nourishing properties and inclusion in cosmetic products. Growing Disposable Incomes and Changing Lifestyles: Rising disposable incomes and changing lifestyles in emerging economies are driving the market. As consumers' purchasing power increases, the demand for premium chocolate and skincare products rises. Expansion of Food & Beverage Industry: The expanding food and beverage industry is another significant driver. Cocoa butter is used in various applications, including bakery items, desserts, and beverages, enhancing their taste and texture. Rising Demand for Organic Products: Increased focus on natural and organic products is propelling the market. Consumers are increasingly opting for products with natural ingredients, and cocoa butter is favored for its purity and health benefits. Increasing Growth of Cosmetics Industry: The booming personal care and cosmetics industry significantly boosts the demand for cocoa butter. It is a popular ingredient in lotions, creams, and lip balms, appreciated for its moisturizing and healing properties.

Cocoa Butter Market Outlook

The global cocoa butter market size in 2023 was recorded at approximately USD 2.8 billion and is expected to reach USD 4.5 billion by 2032, growing at a CAGR of 5.2%. This growth trajectory is driven by multiple factors, including the rising demand for natural ingredients in various industries such as food and beverages, cosmetics, and pharmaceuticals. Cocoa butter, renowned for its distinctive aroma, smooth texture, and moisturizing properties, has become a preferred choice among manufacturers seeking to incorporate natural and sustainable ingredients into their products. Moreover, the increasing consumer inclination towards organic and plant-based products has significantly spurred the demand for cocoa butter across various segments.

One of the core growth factors for the cocoa butter market is the booming personal care and cosmetics industry. The industry is witnessing a significant shift towards natural and organic products, with consumers increasingly concerned about the ingredients used in their skincare and beauty products. Cocoa butter, with its natural emollient properties, has been embraced widely in the formulation of lotions, creams, lip balms, and other skincare products. Its ability to deeply moisturize the skin, combined with its presence as a natural thickener, makes cocoa butter an indispensable ingredient in the cosmetics sector. This trend is further augmented by the growing awareness of ethical sourcing, prompting companies to opt for cocoa butter sourced through sustainable practices.

In addition to cosmetics, the food and beverage industry also plays a pivotal role in the expansion of the cocoa butter market. Cocoa butter is a key ingredient in the production of chocolate, and the ever-increasing demand for chocolate-based products is a substantial growth driver. The evolving consumer preferences towards premium and artisanal chocolates, which often rely on cocoa butter for their smooth and rich texture, further bolster market growth. Moreover, the food industry's exploration of new applications for cocoa butter, such as in dairy-free and vegan products, propels its demand, as consumers continue to seek healthier and more ethical food choices.

The pharmaceutical industry also contributes to the market's growth, as cocoa butter is utilized in the production of suppositories and ointments due to its ability to melt at body temperature, providing a convenient delivery medium for medicinal compounds. This functionality, along with the growing focus on the development of natural-based medicinal products, enhances the prospects of cocoa butter within this segment. Furthermore, the advancement of research into the health benefits of cocoa butter, including its potential antioxidative properties, fuels its application within the pharmaceutical domain.

The role of Cocoa & Cocoa Products in the cocoa butter market cannot be overstated, as they form the foundational elements of many applications. Cocoa products, including cocoa powder and cocoa mass, are integral to the chocolate production process, which is a major driver of cocoa butter demand. The rich flavor and smooth texture provided by cocoa butter are complemented by these cocoa products, enhancing the overall quality of chocolate. Additionally, the versatility of cocoa products allows for their use in a variety of food and beverage applications, from baking to beverage formulations, further expanding the market's reach. As consumers continue to seek out premium and artisanal chocolate experiences, the synergy between cocoa butter and cocoa products becomes increasingly important, driving innovation and growth in this sector.

Product Type Analysis

In the cocoa butter market, the classification by product type includes natural cocoa butter, deodorized cocoa butter, and organic cocoa butter, each serving distinct market demands. Natural cocoa butter is widely appreciated for its characteristic aroma and flavor, which are retained during the production process, making it highly sought after in the chocolate and gourmet food industries. Its preservation of natural scent and taste makes it a favorite among manufacturers who aim to deliver authentic cocoa experiences in their products. This segment is poised to witness steady growth as the demand for pure and unaltered cocoa products continues to rise.

Deodorized cocoa butter is primarily employed in applications where the natural aroma and flavor of cocoa could interfere with the desir

Global Cocoa Butter Market was valued at USD 9.18 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.69% through 2029.

Pages	180
Market Size	2023: USD 9.18 Billion
Forecast Market Size	2029: USD 13.49 Billion
CAGR	2024-2029: 6.69%
Fastest Growing Segment	Personal Care & Cosmetics
Largest Market	Asia Pacific
Key Players	1. Cargill, Incorporated 2. Natra S.A. 3. Barry Callebaut AG 4. Bolmay Cocoa S.A. 5. SunOpta, Inc. 6. Olam Group Limited 7. ECOM Agroindustrial Corp. Limited 8. JB Foods Limited 9. United Cocoa Processor, Inc. 10. Mirza International Limited

The global cocoa butter market is experiencing robust growth, driven by increasing demand across diverse sectors. The market's expansion is fueled by the rising popularity of natural and organic ingredients in cosmetics and personal care products, where cocoa butter's moisturizing and emollient properties are highly valued. The food industry also contributes significantly, leveraging cocoa butter's flavor and texture enhancement capabilities in confectionery, chocolate, and other food applications. Pharmaceutical applications, utilizing cocoa butter's properties as a base for ointments and suppositories, further bolster market growth. While precise market sizing data is unavailable, considering a plausible CAGR of 5% (a conservative estimate given the trends in natural ingredient markets) and assuming a 2025 market value of $500 million, the market could reach approximately $650 million by 2030. This growth is projected to continue through 2033, though at a potentially slightly reduced rate as the market matures. Significant regional variations exist, with North America and Europe currently holding the largest market shares due to established consumption patterns and strong regulatory frameworks supporting the use of cocoa butter in food and cosmetic products. However, developing economies in Asia Pacific are showing significant growth potential, driven by rising disposable incomes and increased awareness of natural personal care products. The market faces challenges including price volatility of cocoa beans, which directly impacts cocoa butter pricing, and the potential for supply chain disruptions due to factors like climate change and geopolitical instability. Furthermore, the emergence of synthetic alternatives and potential concerns about sustainability in cocoa production could pose threats. However, the inherent benefits of cocoa butter, coupled with increasing consumer demand for natural products and innovation in sustainable sourcing practices, are expected to outweigh these challenges. The market is segmented by application (food, cosmetics, pharmaceuticals, others) and type (food grade, pharmaceutical grade), reflecting the diverse usage and quality standards within the industry. Leading companies are focusing on product innovation, sustainability initiatives, and strategic partnerships to gain a competitive edge in this thriving market. This includes expanding product lines to meet diverse consumer preferences, developing more sustainable sourcing models, and partnering with retailers and distributors to enhance market reach.

In 2024, the SADC cocoa butter market increased by 36% to $52M for the first time since 2020, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.7% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Global Cocoa Butter Substitutes market size 2025 was XX Million. Cocoa Butter Substitutes Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, The Global Deodorized Cocoa Butter market will grow at a compound annual growth rate (CAGR) of 6.50% from 2023 to 2030.

The demand for deodorized cocoa butter is rising due to the increased consumer awareness of cocoa butter's nutritional and therapeutic benefits and rising demand for chocolate, frozen desserts, and nutritional drinks, which are expected to drive market growth.
Demand for chocolate and confectionery remains higher in the deodorized cocoa butter market.
The Offlinecategory held the highest deodorized cocoa butter market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific deodorized cocoa butter marketwill experience the strongest growth until 2030.

Growing Demand for Clean-Label Ingredients to Provide Viable Market Output

The deodorized Cocoa Butter Market is the increasing demand for natural and clean-label ingredients, particularly in the food and cosmetic industries. Consumers are becoming conscious of their products' ingredients and actively seeking natural alternatives. Cocoa butter, with its natural origin, fits well into this trend. In the food sector, it is a healthier substitute for synthetic fats in confectionery, bakery, and dairy products due to its creamy texture and appealing taste.

Ashish Pande has been appointed as the new Country Head of Olam Agri in Nigeria, starting September 23, 2022. Olam Agri, a prominent agribusiness company specializing in food, feed, and fiber, made this decision.

(Source:www.olamgroup.com/news/all-news/news-bites/olam-agri-appoints-ashish-pande-as-country-head-in-nigeria.html)

Its antioxidant-rich properties also align with the broader health and wellness movement. Likewise, cocoa butter is favored in cosmetics for its moisturizing and emollient attributes, making it a valuable ingredient in clean-label skincare and cosmetic formulations.Cocoa butter's natural origin and the absence of synthetic additives make it an eco-friendly choice. Manufacturers are increasingly adopting cocoa butter in their formulations to cater to environmentally conscious consumers, contributing to the market's growth.

Expanding Chocolate Industry to Propel Market Growth

The expansion of the global chocolate industry is a pivotal driver for the deodorized cocoa butter market. Chocolate remains a beloved indulgence worldwide, and the industry is continuously evolving. As consumer tastes shift toward premium and gourmet chocolates and increased disposable income levels in emerging markets, the demand for high-quality cocoa products like cocoa butter rises in tandem. Cocoa butter is crucial in chocolate production, impacting texture, flavor, and the coveted melt-in-the-mouth quality. With the heightened interest in high-quality chocolates and innovations in chocolate formulations (such as healthier and specialty chocolates), the requirement for specific types of cocoa butter to achieve desired characteristics surges, driving substantial growth in the cocoa butter market.

Market Dynamics of Deodorized Cocoa Butter

Fluctuating Cocoa Prices and Supply Concerns to Hinder Market Growth

The Deodorized Cocoa Butter Market is the volatility of cocoa prices and supply concerns. Cocoa butter is obtained from cocoa beans and the cost of cocoa beans is prone to change because of different factors such as climate conditions, crop illnesses, and geopolitical concerns in key cocoa-producing areas such as West Africa. These fluctuations can lead to unpredictable cost variations for cocoa butter manufacturers, impacting their profit margins and pricing strategies. Additionally, supply chain disruptions related to cocoa bean sourcing can create challenges in maintaining a consistent supply of cocoa butter, affecting the market's stability and potentially leading to shortages or higher prices for consumers and businesses.

Impact of COVID–19 on the Deodorized Cocoa Butter Market

The COVID-19 pandemic had a notable impact on the deodorized cocoa butter market. with lockdowns, disruptions in supply chains, and reduced consumer spending on non-essential products, the market witnessed a slowdown in demand during the initial phases of the pandemic. As consumer priorities shifted towards essential items, the sales of deodorized cocoa butter in cosmetics and personal care products and the hospitality industry were adversely affected. H...

The Cocoa Butter Market size was valued at USD 3.78 Billion in 2023 and is projected to reach USD 4.73 Billion by 2032, exhibiting a CAGR of 3.24 % during the forecast period. Cocoa butter is a pale yellow fat recovered from cocoa beans which possess a smooth texture and a typical chocolate scent. It is available in three main types: As for the type of fertilizers, they are natural, deodorized, and raw. Natural cocoa butter has a powerful aroma and taste; in deodorized cocoa butter, these qualities are removed to accommodate the cosmetic and pharmaceutical industries. The cocoa butter in its natural state undergoes minimal processing enabling it to retain many of its nutritional benefits. Cocoa butter; has been known to have a great moisturizing factor that can be used in body lotions, skin lotions, chocolates, and in pharmaceutical products. Some of the reasons that make it useful across different industries are that it is highly stable, and it is an excellent emollient. Key drivers for this market are: Increasing Use of UCO in Biodiesel Industry Drives Market Growth. Potential restraints include: Complex Regulatory Framework of Halal Food & Beverages to Hamper Market Growth.

According to the Cognitive Market Research Report, the Cocoa Butter Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2031. Rising popularity in confectionery, food & beverage industry and rising use of cocoa butter in the pharmaceutical sector for the creation of ointments and creams are the factors driving the market growth. Natural cocoa butter has a dominant market share over deodorized and semi-deodorized cocoa butter. The reason for this is that they contain more anti-oxidants by nature. Aside from that, the odour of natural cocoa butter is quite similar to that of chocolate which makes it dominant. The European cocoa butter market is the most dominating, driven mostly by increased cosmetic demand. Cocoa butter's numerous applications in the manufacturing of chocolates and other confectionary goods have driven the industry ahead. With a focus on sustainable development, big companies are using sustainable components to guarantee that they are taking the best possible steps, mostly to enhance farmers' lifestyles.

Market Dynamics of Cocoa Butter

Key drivers

Cocoa butter is becoming increasingly popular in the confectionery, food & beverage industry. 

The rapidly increasing chocolate industry in emerging nations like India, Brazil, and China is driving up demand for cocoa butter as an intermediary. Furthermore, rising demand for premium and handcrafted chocolate with a glossy look, smooth texture, and melting behavior is boosting market growth. Chocolate's particular composition gives it a melt-in-the-mouth feel, giving each a profoundly delightful experience. Chocolate remains solid at room temperature due to the high fat content of cocoa butter, but melts easily on the tongue, resulting in a luscious creamy sensation. Cocoa butter imparts cocoa flavour and fragrance, considerably adding to chocolate's rich and nuanced flavor. Cocoa butter's mild nutty and flowery overtones balance the acidity of the cocoa solids, enriching the overall flavor profile and giving depth and character to the chocolate. Cocoa butter adds a variety of important nutrients to chocolate. Cocoa butter is a far healthier fat than highly processed fats such as palm kernel oil, coconut oil, and other hydrogenated vegetable oils. Cocoa butter includes heart-healthy monounsaturated fats, which can contribute to a balanced diet when consumed in moderation.
Cocoa Butter used in Beverages is known as cocoa liquor. These beverages combine chocolate tastes, typically with others like vanilla, cream, or coffee, into a base alcohol like vodka, rum, or brandy. Some well-known brands, such as Baileys, make cream liqueurs with a distinct chocolate taste. Cocoa liqueurs can be served plain, on the rocks, or as a component in several cocktails. They also make an excellent addition to a cup of coffee or hot chocolate for an extra warming boost. Hence, the rising consumption of chocolates and the benefits provided by cocoa butter in chocolates drives the market growth.

The rising use of cocoa butter in the pharmaceutical sector for the creation of ointments and creams. 

Cocoa butter is gaining popularity in the personal care and cosmetics business due to its high Vitamin E, phytochemical, and anti-oxidant content. It is widely utilized in the manufacture of skincare goods such as moisturizers, sunscreens, and face creams since it reduces skin aging, smoothes wrinkles, and lightens scars. Cocoa Butter melts at body temperature relieving dry, sensitive skin while decreasing and avoiding the formation of scars and unsightly blemishes. It is thought to have photoprotective qualities that protect against damaging UV rays. Cocoa Butter, when applied to hair, hydrates the strands, making them more manageable. Cocoa Butter replenishes natural oils, adds volume and gloss, promotes strength and resilience, thickens hair, and minimizes frizz while mending damage. It is also used medicinally as it acts as an anti-inflammatory moisturizer, relieving swelling, irritation, and redness in the skin. It is said to boost the body's immunity by fostering relaxation, and it is soft enough to apply to burns and infections without creating more sensitivity. For instance, Teal & Terra Cocoa Butter Face Cream blends the moisturizing powers of cocoa butter with Argan oil to deeply moisturize and nourish...

The global food-grade cocoa butter market is experiencing robust growth, driven by increasing consumer demand for premium chocolate and confectionery products. The rising popularity of artisanal chocolates, coupled with a growing awareness of cocoa butter's health benefits (e.g., rich in antioxidants), fuels this expansion. Furthermore, the market benefits from its application in cosmetics and pharmaceuticals, diversifying revenue streams and mitigating reliance on single-sector fluctuations. While precise market size figures aren't available, considering a plausible CAGR of 5% (a conservative estimate given the market's positive trajectory), and assuming a 2025 market value of $2 billion (a reasonable assumption based on industry reports and related markets), the market is projected to reach approximately $2.5 billion by 2030 and $3 billion by 2033. This growth is largely propelled by developing economies in Asia-Pacific and Latin America, where increased disposable incomes and changing consumption patterns are driving demand for higher-quality food products. However, the market also faces challenges. Fluctuations in cocoa bean prices, which directly impact cocoa butter production costs, pose a significant risk. Sustainability concerns within the cocoa supply chain are also growing in importance, pushing manufacturers toward more ethical and environmentally responsible sourcing practices. This necessitates investment in sustainable farming techniques and transparent traceability systems. Furthermore, competitive pressures from cocoa butter substitutes and potential health concerns related to high saturated fat content present ongoing obstacles for market players. Despite these hurdles, the overall outlook remains positive, with continued innovation in product applications and formulations offering significant growth potential for established players like Barry Callebaut, Cargill, and others entering the market. The diversification into areas beyond confectionery, such as cosmetics and nutraceuticals, further bolsters the market's long-term prospects.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Cocoa Butter, Liquor, and Cocoa Base Chocolate Syrup Made from Cacao Beans (WPU025401053) from Dec 2011 to Jun 2020 about chocolate, cocoa, fat, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.