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.

In the fourth quarter of 2023, the price of cocoa in Ecuador reached 3224 USD/MT. The price of cocoa reached 2858 USD/MT during Q4 2023 in Netherlands. Meanwhile, during the fourth quarter of 2023, Belgium recorded the cocoa prices at 3139 USD/MT.

The global cocoa market is set to observe USD 16.6 billion in 2025. The industry is expected to register 4.7% CAGR from 2025 to 2035, reaching USD 26.2 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 16.6 billion
Industry Value (2035F)	USD 26.2 billion
CAGR (2025 to 2035)	4.7%

Semi-Annual Industry Update

Particular	H1
Year	2024 to 2034
CAGR	4.3%

Particular	H2
Year	2024 to 2034
CAGR	4.9%

Particular	H1
Year	2025 to 2035
CAGR	4.5%

Particular	H2
Year	2025 to 2035
CAGR	5.0%

Country-wise Insights

Country	CAGR (2025 to 2035)
USA	3.9%
Germany	2.8%
China	5.9%
Japan	6.8%
India	5.5%

Competitive Outlook

Company Name	Estimated Industry Share (%)
Barry Callebaut	20-25%
Olam International	15-20%
Cargill Inc.	12-16%
Ecom Agroindustrial Corp.	8-12%
Touton S.A.	6-10%
Other Companies (combined)	25-35%

The revenue of the cocoa market in Papua New Guinea amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. Cocoa consumption peaked in 2018 and is expected to retain its growth in the near future.

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.

Forecast: Cocoa Beans Demand in China 2022 - 2026 Discover more data with ReportLinker!

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

Forecast: Cocoa Beans Demand in Netherlands 2022 - 2026 Discover more data with ReportLinker!

The revenue of the cocoa market in Trinidad and Tobago amounted to $X in 2018, declining by -X% against the previous year. Overall, cocoa consumption continues to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, the cocoa market attained its maximum level at $X in 2007; however, from 2008 to 2018, consumption remained at a lower figure.

The revenue of the cocoa market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the cocoa market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

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 Saudi market for chocolate and other food preparations containing cocoa skyrocketed to $302M in 2024, surging by 23% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $427M in 2017; however, from 2018 to 2024, consumption stood at a somewhat lower figure.

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.

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.

The cocoa derivatives market's net worth is predicted to grow from US$ 29.31 billion in 2023 to over US$ 49.59 billion by 2033. The market is expected to register a 5.4% CAGR from 2023 to 2033.

Attributes	Details
Cocoa Derivatives Market Value (2023)	US$ 29.31 billion
Cocoa Derivatives Market Expected Value (2033)	US$ 49.59 billion
Cocoa Derivatives Market Projected CAGR (2023 to 2033)	5.4%

Global Cocoa Derivatives Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

Historical CAGR	4.80%
Historical Market Value (2022)	US$ 27.81 billion
Forecast CAGR	5.40%

Category-wise Insights

Segment	Product Type
Attributes	Cocoa Beans
Details (CAGR)	7.40%
Market Value	US$ 14.20 billion

Segment	Product Type
Attributes	Cocoa Butter
Details (CAGR)	4.10%
Market Value	US$ 8.66 billion

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2023
Market Analysis	US$ billion for Value and MT for Volume
Key Regions Covered	North America Latin America Europe The Middle East and Africa East Asia
Key Countries Covered	United States, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Türkiye
Key Segments Covered	Type Category Application Region
Key Companies Profiled	Olam Group Ltd Indcre SA Cargill Inc Natra SA JB Foods Ltd Ecuakao Group Ltd United Cocoa Processor Inc Barry Callebaut AG Moner Cocoa SA BASF SE Bühler Group Mondelez International, Inc. Nestle S.A. Cocoa Processing Company Limited Cemoi Group The Hershey Company Touton S.A.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

In 2024, overseas shipments of chocolate and other food preparations containing cocoa increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. The volume of export peaked in 2024 and is expected to retain growth in the immediate term.

The Europe cocoa market reached USD 9.89 Billion in 2024. The market is expected to grow at a CAGR of 4.20% between 2025 and 2034, reaching USD 14.92 Billion by 2034.

Forecast: Food Products with Cocoa Market Size Value in Germany 2022 - 2026 Discover more data with ReportLinker!

In 2024, the global cocoa butter market increased by 38% to $13B, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2024: its value increased at an average annual rate of +6.3% 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 +44.4% against 2022 indices.

The Asia-Pacific cocoa bean market contracted to $4.1B in 2024, waning by -2.6% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $4.2B in 2023, and then fell in the following year.