Cocoa rose to 8,237.45 USD/T on August 15, 2025, up 0.16% from the previous day. Over the past month, Cocoa's price has risen 7.83%, but it is still 6.90% 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.

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

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.

The Indian cocoa bean market skyrocketed to $337M in 2024, with an increase of 45% against the previous year. Overall, consumption showed prominent growth. Cocoa bean consumption peaked in 2024 and is expected to retain growth in years to come.

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.

This statistic depicts the average annual prices for cocoa from 2014 through 2026*. In 2024, the average price for cocoa stood at 7.33 nominal U.S. dollars per kilogram.

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.

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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

Global Cocoa market size 2021 was recorded $13021 Million whereas by the end of 2025 it will reach $15653 Million. According to the author, by 2033 Cocoa market size will become $22620.5. Cocoa market will be growing at a CAGR of 4.71% during 2025 to 2033.

The cocoa market is projected to grow from USD 16.6 billion in 2025 to USD 26.2 billion by 2035, registering a CAGR of 4.7% during the forecast period.

Metrics	Values
Industry Size 2025	USD 16.6 billion
Industry Value 2035	USD 26.2 billion
CAGR 2025 to 2035	4.7%

Semi-Annual Industry Update

Particular	Value CAGR
H1 (2024 to 2034)	4.3%
H2 (2024 to 2034)	4.9%
H1 (2025 to 2035)	4.5%
H2 (2025 to 2035)	5.0%

Country-wise Insights

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

The Asia-Pacific cocoa bean market surged to $5.4B in 2024, picking up by 22% against the previous year. The total consumption indicated noticeable growth from 2012 to 2024: its value increased at an average annual rate of +4.6% 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 +49.8% against 2014 indices.

The global cocoa mass market is projected to expand at a CAGR of XX% during the forecast period (2023-2030). The market is valued at XXX million in 2023 and is expected to reach XXX million by 2030. Cocoa mass, a versatile and rich ingredient, is widely used in the production of chocolate, confectionery, and bakery products. Growing demand for premium chocolate and confectionery items, coupled with increased awareness of the health benefits associated with cocoa, is driving the market growth. The market is also fueled by the rising disposable income and changing consumer preferences in emerging economies. Major players in the cocoa mass market include Cargill, Olam International, Barry Callebaut, SunOpta, Blommer, Niche Cocoa Industry Ltd, Ciranda, United Cocoa Processor, JB Cocoa, Cofina Cocoa, and Altınmarka. These companies are engaged in product innovation, expansion, and strategic partnerships to strengthen their market presence. The market is also influenced by factors such as fluctuating cocoa bean prices, weather conditions, and geopolitical issues in cocoa-producing regions.

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 Indian cocoa powder market reached $578M in 2024, surging by 2.5% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 8%. Cocoa powder consumption peaked in 2024 and is expected to retain growth in the immediate term.

The EU cocoa bean market surged to $8.7B in 2024, jumping by 75% against the previous year. In general, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

The global cocoa products market, encompassing a diverse range of products from raw cocoa beans to finished chocolate confections, presents a robust and dynamic landscape. While precise market size figures are unavailable, industry reports consistently highlight substantial growth. Considering the historical period (2019-2024) and a projected CAGR (let's assume a conservative 5% for illustrative purposes), the market size in 2025 could be estimated in the tens of billions of dollars. Key drivers include rising global demand for chocolate and cocoa-based products, fueled by increasing disposable incomes, particularly in emerging economies. Growing consumer preference for premium and specialized chocolate varieties, including organic and fair-trade options, further boosts market growth. Significant trends include the increasing integration of cocoa into health and wellness products, driven by its antioxidant properties and the emergence of innovative cocoa product formats like cocoa-infused beverages and protein bars. However, challenges exist including fluctuations in cocoa bean prices due to climate change and agricultural uncertainties, as well as ethical sourcing concerns impacting consumer purchasing decisions. Major players like ADM, Cargill, and Nestle dominate the market, leveraging their extensive supply chains and brand recognition. Smaller, specialized companies are also thriving by focusing on niche segments and high-quality, sustainably sourced cocoa. Market segmentation plays a crucial role in understanding the cocoa product market. This includes differentiating between raw cocoa beans, cocoa powder, cocoa butter, and a variety of chocolate products such as dark, milk, and white chocolate, each with their own growth trajectories. Geographical variations in consumption patterns and preferences also present significant segmentation opportunities. North America and Europe remain significant markets, while Asia-Pacific exhibits high growth potential due to rising consumption and changing dietary habits. Effective strategies for players in this market include robust supply chain management to mitigate price volatility, investments in sustainable sourcing practices to address ethical concerns, and the development of innovative products that appeal to evolving consumer preferences. Continued focus on product diversification and expansion into new markets will be critical to success within this competitive and dynamic sector.

According to Cognitive Market Research, the global Cacao market size will be USD 13651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 5460.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4095.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3139.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 682.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 273.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
The Beans category is the fastest growing segment of the Cacao industry

Market Dynamics of Cacao Market

Key Drivers for Cacao Market

Growth in Chocolate Consumption to Boost Market Growth

Chocolate continues to be one of the most beloved indulgent treats worldwide, with a growing demand for high-quality options, particularly premium and organic varieties, driving cacao consumption. Consumers are increasingly choosing chocolates with higher cocoa content, attracted by their perceived health benefits, including antioxidants and other nutrients. Switzerland leads the world in chocolate consumption per capita, with the average person consuming around 8.8 kg (22 lbs) of chocolate annually. Austria follows closely, with each person consuming about 9 kg (20 lbs) of chocolate per year. The United States ranks among the top 10 chocolate-consuming nations, with an average annual consumption of approximately 4.5 kg per person. The rising popularity of artisanal, craft, and organic chocolates, which demand superior quality cacao, is a growing trend not only in established markets like Europe and North America but also in emerging markets such as Asia and Latin America.

Growing Use of Cacao in Non-Chocolate Products to Drive Market Growth

Cacao's usage is extending beyond traditional chocolate products into a variety of other food segments. In the 2022/2023 cocoa season, approximately 5 million tonnes of cocoa were produced globally. The two largest producers, Côte d'Ivoire and Ghana, together account for 50% of the world's cocoa supply, followed by Ecuador with 9%. In Asia, Indonesia is the leading producer. Cocoa production has been steadily increasing over the last 40 years, with up to 95% of cocoa beans traded on international commodity markets. Cacao is increasingly incorporated into health and wellness products, including protein bars, energy drinks, smoothies, and baked goods. Its potential health benefits, coupled with the growing demand for natural and clean-label ingredients, are driving its broader adoption in the food industry.

Restraint Factor for the Cacao Market

Climate Change and Environmental Impact Will Limit Market Growth

Cacao is a highly climate-sensitive crop. It thrives in tropical regions with specific temperature and rainfall conditions. However, changing climate patterns, such as rising temperatures, altered rainfall patterns, and the increasing frequency of extreme weather events (e.g., droughts, floods, and storms), threaten cacao production. Cacao farming can contribute to deforestation, especially in regions like West Africa and South America, where forests are cleared to make way for new plantations. This not only disrupts biodiversity but also leads to soil degradation, reducing the land's ability to support cacao cultivation in the long term. These environmental issues can impact supply, increase production costs, and affect market stability. Cacao crops are vulnerable to several diseases, including black pod disease, cacao swollen shoot virus (CSSV), and frosty pod rot. These diseases can devastate cacao yields and quality, leading to significant losses for farmers and supply shortages in the market.

Impact of Covid-19 on the Cacao Market

The economic uncertainty caused by the pandemic led to a decline...

The global cocoa liquor market is estimated to be worth USD 7,918.6 million in 2025 and is projected to reach USD 14,450.8 million by 2035, expanding at a CAGR of 6.2% over the assessment period of 2025 to 2035. The widening market, which is mainly driven by increased consumer preference for natural and premium chocolate ingredients, has also paved the way for manufacturers to invest in smart process techniques and eco-friendly sourcing modalities.

Attributes	Description
Estimated Global Cocoa Liquor Business Size (2025E)	USD 7,918.6 million
Projected Global Cocoa Liquor Business Value (2035F)	USD 14,450.8 million
Value-based CAGR (2025 to 2035)	6.2%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.6%
H2 (2024 to 2034)	6.2%
H1 (2025 to 2035)	5.7%
H2 (2025 to 2035)	6.3%

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)
Dutch Cocoa (By Product Type)	21%

Segment	Value Share (2025)
Chocolate & Confectionery (By Application)	21%

The global cocoa and chocolate market, valued at $79.14 billion in 2025, is poised for substantial growth. While the exact Compound Annual Growth Rate (CAGR) isn't provided, considering the historical growth of the confectionery industry and the rising demand for chocolate products globally, a conservative estimate of the CAGR for the forecast period (2025-2033) would be between 4% and 6%. This projection factors in increasing consumer spending on premium chocolate, the expansion of the chocolate confectionery market in developing economies, and the growing popularity of chocolate in diverse food and beverage applications beyond traditional bars and candies. Key drivers include the increasing disposable incomes in emerging markets, changing consumer preferences toward indulgence and premiumization, and the continuous innovation in product formats and flavors. However, challenges like fluctuating cocoa bean prices, concerns over sustainability and ethical sourcing, and the impact of potential health regulations could act as restraints on market growth. The market's segmentation reveals a diverse landscape of players, with major corporations like Barry Callebaut, Cargill, Nestlé, and Mars dominating the production and distribution of cocoa and chocolate products. The regional distribution will likely see continued strength in North America and Europe, but significant growth potential exists in Asia-Pacific and Latin America driven by rising consumption. The forecast period will witness significant investments in sustainable sourcing practices by leading companies aiming to enhance their brand image and appeal to environmentally conscious consumers. The strategic partnerships, mergers, and acquisitions within the industry are also anticipated to intensify competition and shape the market landscape over the next decade.

In value terms, cocoa exports amounted to $43M in 2016. The total export value increased at an average annual rate of +3.0% over the period from 2007 to 2016, however, the trend pattern remained relat...