Cocoa fell to 8,211.11 USD/T on August 1, 2025, down 3.47% from the previous day. Over the past month, Cocoa's price has fallen 0.17%, but it is still 9.00% higher 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.

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%

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.

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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

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 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 global organic cocoa market is estimated to be worth USD 10.31 billion in 2025 and is projected to grow at a CAGR of 4.1%, reaching USD 15.40 billion by 2035.

Attributes	Description
Estimated Global Organic Cocoa Market Size (2025E)	USD 10.31 billion
Projected Global Organic Cocoa Market Value (2035F)	USD 15.40 billion
Value-based CAGR (2025 to 2035)	4.1%

Market Segmentation

Attributes	Details
Top Form	Cocoa Powder
Market Share in 2025	35%

Attributes	Details
Top End Use Application	Bakery and Confectionery
Market Share in 2025	36%

Country-wise Insights

Countries	CAGR
India	6.8%
Germany	4.6%
The United States	5.6%
Japan	6.4%
Thailand	6%

The global cocoa market size reached around 25.48 Billion in 2024. The market growth can be attributed to the robust growth of the e-commerce sector, rising demand for cocoa-based products, increasing focus on sustainability, and technological advancements and innovations.

Cocoa prices have plummeted, with significant drops in both NY and London futures. Key factors include reduced cocoa grindings, favorable weather in major producing regions, and high inventory levels.

The cocoa derivatives market is estimated to be worth USD 25.23 billion in 2025 and is projected to reach USD 72.96 billion by 2035, expanding at a CAGR of 11.2% over the forecast period. The industry is on an upward trajectory due to the rise in demand for cocoa-based ingredients in various sectors including food, drinks, and cosmetics.

Metrics	Values
Industry Size (2025E)	USD 25.23 billion
Industry Value (2035F)	USD 72.96 billion
CAGR (2025 to 2035)	11.2%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	10.8%
H2 (2024 to 2034)	11.2%
H1 (2025 to 2035)	10.9%
H2 (2025 to 2035)	11.4%

Segment-wise Analysis

Segment	Value Share (2025)
Cocoa Butter (By Type)	42%

Segment	Value Share (2025)
Bakery & Confectionery (By Application)	55%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	5.5%
UK	5.1%
France	5.8%
Germany	6.3%
Italy	5.2%
South Korea	4.7%
Japan	4.5%
China	4.2%
Australia	5.0%
New Zealand	4.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
Barry Callebaut	22-26%
Cargill	18-22%
Olam International	14-18%
Blommer Chocolate Company	10-14%
ECOM Agroindustrial Corp.	8-12%
Other Companies (combined)	30-40%

The Cocoa Value Chain Market report provides an overview of key industry trends. Get five years of historical data alongside five-year market forecasts.

Cocoa and Chocolate Market projected to exceed USD 69.1 billion by 2030, growing at a CAGR of 4.6%.

Cocoa prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 1.89 USD per kilogram with a minimum of 0.26 USD per kilogram in July 1965 and a maximum of 10.75 USD per kilogram in January 2025. | TheGlobalEconomy.com

The market value of cocoa in all regions worldwide is forecast to grow between 2020 and 2028. ****** is the region with largest market value and is forecast to be valued at just over ***** billion U.S. dollars by 2028.

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.

Cocoa Market is estimated to be valued at US$ 19.59 0 Bn by 2032 and is expected to expand at CAGR of 4.9%, reaching US$ 14.01 .00 Bn in 2025.

The market size of cocoa in the Asia-Pacific region amounted to over *** billion U.S. dollars in 2020. The cocoa market size in the Asia-Pacific region was forecast to reach over *** billion U.S. dollars by 2028.

According to the Cognitive Market Research Report, the Cocoa and Chocolate Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2033. The key driver of this market is health benefits offered by cocoa and chocolates and the key opportunity is reaching out to untapped emerging economies. In 2023, filled chocolates held the biggest market share. The increased popularity of filled chocolates such as truffles and bonbons indicates that customers are seeking a novel way to enjoy their favourite indulgence making it a dominant chocolate type than others. In 2023, butter held the biggest market share. The increased usage of cocoa butter in the cosmetic sector for the creation of skincare and food items, together with a rising desire for natural cosmetics among key consumers, is expected to increase demand for cocoa butter. Europe dominates the global market, accounting for USD XX billion in 2023. Many of the world's main industrial chocolate makers are headquartered in Europe, including Belgium, the Netherlands, Germany, and Switzerland. The region is a major producer and consumer of chocolate and related items. The European cocoa market is quite diversified, with European purchasers sourcing cocoa beans of varying quality and origins to fulfill the demands of the cocoa and chocolate sectors. The competitive landscape analysis of the Cocoa and Chocolate market is primarily concerned with expanding the global growth of the cocoa and chocolate industries through new product innovation, business expansion, and the growing presence of a variety of manufacturers operating in the cocoa and chocolate sectors, which has resulted in increased market demand.

Market Dynamics of Cocoa And Chocolate Industry

Key Driver of Cocoa And Chocolate Market

Health benefits offered by cocoa and chocolates drive the market growth.

Chocolate is a product made with cocoa as a main component. Cocoa contains many polyphenols, particularly flavonoids, which have a high antioxidant activity. According to reports, cocoa contains around 6 - 8% polyphenols by dry weight. The flavonoids are responsible for the health advantages of cocoa and chocolate. Moreover, Cocoa has more flavonoids than tea or red wine. A high concentration of flavonoids boosts advantages in a variety of health-related conditions, including heart disease, cancer, stroke, insulin-dependent disorders, vascular diseases, and many more. Cocoa beans, particularly cocoa powders, are high in flavonoids, a kind of polyphenol that exists naturally. Many studies show that eating foods high in flavonoids or antioxidants reduces the incidence of cardiovascular diseases. Several studies show that consuming cocoa products is helpful to cardiovascular health. Cocoa's high polyphenol content gives it a broad range of disease prevention and health advantages. Aside from cardiovascular disease, cocoa is effective against a variety of other ailments like diabetes, and inflammatory illnesses. On the other hand, intake of chocolate improves blood flow and reduces blood pressure. It also boosts HDL and shields LDL from oxidation. Chocolate consumption may reduce the risk of heart disease and stroke, as well as improve cognitive performance. However, further study is needed, and chocolate may have some detrimental health consequences. Regular intake of PS and CF chocolate bars as part of a low-fat diet may benefit cardiovascular health by decreasing cholesterol and improving blood pressure. Harvard Medical School researchers hypothesized that drinking two cups of hot chocolate per day might help maintain brain health and slow memory impairment in the elderly. The researchers discovered that hot chocolate improved blood flow to critical brain areas. For instance, THEO Chocolate Sea Salt Organic Dark Chocolate Bar is one brand that provides health benefits. With 70% cacao, people can enjoy the delightful sea salt flavour while benefiting from the healthful antioxidants. The brand is also available in delightful flavours such as citrus and caramel bars. (Source: https://www.prevention.com/food-nutrition/healthy-eating/g25728973/healthy-chocolate-bars-snacks/#:~:text=THEO%20Chocolate%20Sea%20Salt%20Organic%20Dark%20Chocolate%20Bar,-%2449%20at%20Amazon&text=Clocking%20in%20at%2070%25%20cacao,like%20citrus%20and%20caramel%20bars.)

Rising culture of ...

The market revenue for cocoa has been steadily growing worldwide since 2016, and is projected to continue growing into 2028. From 2016 to 2020, the cocoa market revenue has grown by about ***** million U.S. dollars.