Cocoa fell to 6,167.43 USD/T on October 3, 2025, down 4.84% from the previous day. Over the past month, Cocoa's price has fallen 14.40%, and is down 12.59% compared to the same time last year, 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 October 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%

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Cocoa Beans Market Size 2025-2029

The cocoa beans market size is valued to increase by USD 3.58 billion, at a CAGR of 4.5% from 2024 to 2029. Rising popularity of chocolate-flavored beverages will drive the cocoa beans market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 39% growth during the forecast period.
By Application - Confectionery segment was valued at USD 5.14 billion in 2023
By Product - Cocoa butter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 42.75 million
Market Future Opportunities: USD 3576.90 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

Cocoa beans, the primary ingredient in chocolate, have long held a significant place in the global market due to their versatility and universal appeal. The demand for cocoa beans is driven by the growing popularity of chocolate-based products, particularly beverages, which have witnessed a notable increase in consumer preference. This trend is fueled by the expanding health-conscious population seeking alternatives to sugar-laden beverages. The market is characterized by a dynamic business landscape, with numerous players vying for market share. Mergers and acquisitions have become a common strategy for companies aiming to expand their operations and strengthen their market position.
Despite this competition, the market remains volatile due to various factors, including weather conditions in cocoa-producing regions and fluctuations in supply and demand. However, the market is not without challenges. Volatility in the prices of cocoa beans, influenced by weather conditions and supply chain disruptions, poses a significant risk for market participants. Cocoa bean prices have experienced significant volatility, reflecting the market's complexities. Factors such as disease outbreaks, weather conditions, and geopolitical instability can significantly impact prices. However, the long-term outlook for the market remains positive, with continued growth expected due to increasing consumer demand and ongoing innovation in chocolate-based products. In conclusion, the market is a dynamic and complex business environment, shaped by various factors including consumer preferences, competition, and external influences. Companies operating in this sector must stay informed about market trends and be prepared to adapt to changing conditions to remain competitive.

What will be the Size of the Cocoa Beans Market during the forecast period?

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How is the Cocoa Beans Market 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.

Application

  Confectionery
  Functional food and beverage
  Cosmetics
  Others


Product

  Cocoa butter
  Cocoa powder
  Cocoa beverages
  Others


Type

  Forastero
  Trinitario
  Criollo


Nature

  Organic
  Conventional


Sale Channel

  B2B
  B2C


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The confectionery segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, driven by the increasing demand for low-fat alkalized and natural cocoa powders in various confectionery items, such as toffee, hard candy, and marshmallows. This trend is fueling the growth of the confectionery segment, with companies like Mars and Nestle focusing on producing chocolate liquor with higher cocoa mass for stronger flavors. For example, Prodigy Snacks Ltd, a UK confectionery firm, recently introduced Phenomenoms, a new chocolate biscuit range with two flavors, highlighting this market development. Additionally, ongoing activities include the implementation of sustainable farming practices, yield optimization techniques, and soil nutrient management to enhance production efficiency.

Bean drying methods, packaging technology, and traceability systems are also evolving to ensure product quality and consumer safety, with a focus on reducing aflatoxin contamination levels. Theobroma cacao cultivation continues to adapt to climate change, with research on pest management strategies, microbial community composition, and disease resistance mechanisms. The market is further characterized by improvements in processing efficiency, sensory evaluation protocols, and polyphenol oxidase activity analysis for assessing health benefits. Cocoa butter extraction and flavonoid conte

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.

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

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.

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 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.

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.

Between 2016 and 2025, the monthly price of cocoa worldwide peaked in January 2025 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 Cocoa Value Chain Market report provides an overview of key industry trends. Get five years of historical data alongside five-year market forecasts.

View monthly updates and historical trends for Cocoa Price. Source: World Bank. Track economic data with YCharts analytics.

According to Cognitive Market Research, the global Cacao market size was 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 in ...

Global Organic Cocoa market size 2021 was recorded $8708.16 Million whereas by the end of 2025 it will reach $10320.4 Million. According to the author, by 2033 Organic Cocoa market size will become $14495.6. Organic Cocoa market will be growing at a CAGR of 4.338% during 2025 to 2033.

The chocolate market attained a value of about USD 45.95 Billion in 2024. The market is further estimated to grow at a CAGR of 5.67% in the forecast period of 2025-2034 to reach a value of around USD 79.76 Billion by 2034. The global cocoa market reached about USD 25.48 Billion in 2024. Growth is driven by rising cocoa product demand, focus on sustainability, and tech innovations.

The cocoa market is witnessing mixed dynamics with price fluctuations influenced by varying demand and supply forecasts. Explore the latest insights on global cocoa production and market trends.

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.

Cocoa prices in , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 1.91 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 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%

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 ...