Cocoa rose to 8,275.30 USD/T on July 14, 2025, up 1.20% from the previous day. Over the past month, Cocoa's price has fallen 18.06%, and is down 3.20% 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 July of 2025.

Cocoa prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 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

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.

This statistic depicts the average annual prices for cocoa from 2014 through 2026*. In 2023, the average price for cocoa stood at 3.28 nominal U.S. dollars per kilogram.

For the period between October and December 2023, the price of marketed cocoa in Côte d'Ivoire was measured at 2,731 West African CFA francs (XOF) per kilogram. This corresponded to roughly 4.5 U.S. dollars per kilogram. The market prices of the farm product are set to increase in the first quarter of 2024, and then follow a gradual quarterly decreasing trend.

As of 2021, the price of cocoa in Ghana was projected at 2.4 U.S. dollars per kilogram. This price was forecast to reach 2.5 U.S. dollars per kilogram between 2022 and 2024. However, in 2025, it is expected that 2.6 U.S. dollars would be paid for every kilogram of cocoa purchased from Ghana. The country is a leading producer of cocoa worldwide.

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

Cocoa bean production in Papua New Guinea reached ** thousand tons in 2019. Papua New Guinea’s cocoa production was seriously affected by an outbreak of Cocoa Pod Borer in 2008. Despite production remaining relatively stable over the past few years, volumes have struggled to recover to pre-2008 levels since the outbreak.

What is cocoa’s contribution to Papua New Guinea’s economy

Cocoa is farmed across the entire country, having a presence in ** out of 22 provinces. At least *** thousand Papua New Guinean families rely on cocoa farming for their livelihood, and the economic contribution was estimated as *** million Papua New Guinean kina (about ** million U.S. dollars).

On a global scale, cocoa production in Papua New Guinea was not significant - Côte d'Ivoire, for example, produced ***** thousand tons in the same year. Despite this, Papua New Guinea has a global reputation of producing some of the highest quality cocoa in the world. Currently, most of the country’s cocoa exports are to the Asia region, however, initiatives to develop specialty markets have been recently introduced. The global cocoa price was ***** U.S. dollars per metric ton as of June 2019.

While European and United States markets are responsible for the highest consumption volumes of cocoa respectively, growth in cocoa consumption is being driven by emerging markets such as Brazil, China, and India. With upcoming demand expected to exceed supply according to the International Cocoa Organisation (ICCO), the future for Papua New Guinean cocoa looks promising.

Macau Composite Consumer Price Index (CPI): FB: NA: Coffee, Tea and Cocoa data was reported at 115.877 Jul2004-Jun2005=100 in Sep 2009. This records an increase from the previous number of 115.696 Jul2004-Jun2005=100 for Aug 2009. Macau Composite Consumer Price Index (CPI): FB: NA: Coffee, Tea and Cocoa data is updated monthly, averaging 104.546 Jul2004-Jun2005=100 from Jan 2006 (Median) to Sep 2009, with 45 observations. The data reached an all-time high of 115.877 Jul2004-Jun2005=100 in Sep 2009 and a record low of 100.080 Jul2004-Jun2005=100 in Jan 2006. Macau Composite Consumer Price Index (CPI): FB: NA: Coffee, Tea and Cocoa data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau – Table MO.I019: Composite Consumer Price Index: July 04- June 05=100.

The North American premium chocolate market, valued at approximately $XX million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 7.20% from 2025 to 2033. This expansion is fueled by several key drivers. Increasing consumer disposable incomes, particularly within the millennial and Gen Z demographics, are supporting premiumization trends within the confectionery sector. A growing preference for high-quality, ethically sourced ingredients and a rising demand for unique flavor profiles and gourmet experiences are also contributing to market growth. The market segmentation reveals a strong preference for dark premium chocolate, likely driven by health-conscious consumers seeking antioxidants and a less-sweet option. Supermarkets and hypermarkets remain the dominant distribution channel, although online sales are experiencing significant growth, reflecting the increasing popularity of e-commerce and the convenience it offers. The United States holds the largest market share within North America, followed by Canada and Mexico. However, all three countries are expected to witness substantial growth throughout the forecast period. Competitive pressures from established players like Lindt & Sprungli, Ferrero, Hershey, Mondelez, and Nestle, alongside the emergence of smaller, artisanal brands, are shaping product innovation and market dynamics. The market's growth trajectory is, however, subject to certain restraints. Fluctuations in cocoa prices and supply chain disruptions can impact profitability and pricing strategies. Furthermore, increasing health consciousness, alongside concerns over sugar consumption, may necessitate the development of innovative products featuring reduced sugar content or alternative sweeteners to sustain the market's momentum. Nevertheless, the premium chocolate market is expected to maintain its upward trajectory, driven by continuous innovation in flavors, packaging, and marketing strategies to capture the evolving preferences of a discerning consumer base increasingly seeking indulgence and premium experiences. The strategic expansion of distribution channels, particularly online, further supports the positive market outlook. Recent developments include: June 2022: Pennsylvania-based confectionery giant Hershey applied for a patent for using roasted grain in vegan chocolate products. The company is focused on offering innovative products as a strategy in the United States in the upcoming future., June 2022: Mars launched an animal-free chocolate bar in the United States. This vegan chocolate called CO2COA is made with biotech unicorn Perfect Day's animal-free whey protein., February 2022: Lindt & Sp.rungli expanded its vegan chocolate product portfolio by launching a new vegan bar made with oat milk, which is presently available in three different varieties. The company launched all three varieties in the Canadian market.. Notable trends are: Growing Influence of Endorsements, Aggressive Marketing, and Strategic Investment.

Macau SAR (China) CPI (B): Weight: FB: NA: Coffee, Tea & Cocoa data was reported at 0.260 % in Sep 2009. This stayed constant from the previous number of 0.260 % for Aug 2009. Macau SAR (China) CPI (B): Weight: FB: NA: Coffee, Tea & Cocoa data is updated monthly, averaging 0.260 % from Jan 2006 (Median) to Sep 2009, with 45 observations. The data reached an all-time high of 0.260 % in Sep 2009 and a record low of 0.260 % in Sep 2009. Macau SAR (China) CPI (B): Weight: FB: NA: Coffee, Tea & Cocoa data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau SAR (China) – Table MO.I036: Consumer Price Index (B): July 04- June 05=100: Weights.

This statistic shows the production of cocoa beans from 2020/21 to 2022/23, with a forecast for 2023/24, by country. In crop year 2022/2023, about **** million metric tons of cocoa beans were produced in Côte d'Ivoire. Cocoa production Cocoa, a native to the Americas, was a valuable crop in the earliest South American cultures. The term cocoa originated from the Nahuatl word “cacahuatl”. Many believe that the plant first grew in the Amazon and upper Orinoco basins but the Mayans and the Aztecs eventually developed techniques to cultivate cocoa successfully. The plant was considered as a symbol of wealth for these civilizations and its beans were used as currency. Cocoa beans are the main ingredient for making chocolate.Cocoa beans are produced in tropical zones around the Equator, where climate conditions are well suited for growing cocoa trees. About 70 percent of the world’s cocoa beans come from four West African countries: Ivory Coast, Ghana, Nigeria and Cameroon. The Ivory Coast and Ghana are by far the two largest producers of cocoa, accounting for more than ** percent of the world´s cocoa. In 2021, the Ivory Coast alone produced approximately *** million metric tons of cocoa beans. The nation is expected to produce a slightly higher volume of cocoa beans during the 2022/2023 crop year.

Macau Composite Consumer Price Index (CPI): FB: Food: Sugar, Jam, Chocolate & Confectionery data was reported at 120.456 Jul2004-Jun2005=100 in Sep 2009. This records an increase from the previous number of 120.373 Jul2004-Jun2005=100 for Aug 2009. Macau Composite Consumer Price Index (CPI): FB: Food: Sugar, Jam, Chocolate & Confectionery data is updated monthly, averaging 109.554 Jul2004-Jun2005=100 from Jan 2006 (Median) to Sep 2009, with 45 observations. The data reached an all-time high of 120.456 Jul2004-Jun2005=100 in Sep 2009 and a record low of 100.650 Jul2004-Jun2005=100 in Feb 2006. Macau Composite Consumer Price Index (CPI): FB: Food: Sugar, Jam, Chocolate & Confectionery data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau – Table MO.I019: Composite Consumer Price Index: July 04- June 05=100.

The global chocolate market is a dynamic and expansive sector, exhibiting robust growth driven by several key factors. Rising disposable incomes, particularly in emerging economies, are fueling increased consumer spending on premium and indulgent food products, including chocolate. Changing lifestyles and a growing preference for convenient, on-the-go snacks are further boosting demand. Innovation within the chocolate industry, such as the introduction of new flavors, formats (e.g., healthier options, unique fillings), and sustainable sourcing practices, are also significant drivers. The market is segmented by product type (dark chocolate, milk chocolate, white chocolate, etc.), distribution channel (supermarkets, hypermarkets, online retailers), and region. Competition is fierce, with established multinational players and smaller regional brands vying for market share. While premiumization and health-conscious offerings are creating growth opportunities, challenges remain, such as fluctuations in raw material prices (cocoa beans, sugar) and increasing consumer awareness of ethical and environmental concerns related to chocolate production. Successfully navigating these challenges will require companies to focus on sustainability initiatives, product diversification, and effective marketing strategies that resonate with evolving consumer preferences. Looking ahead, the chocolate market is poised for continued expansion, although the rate of growth may fluctuate based on macroeconomic conditions and global events. The forecast period (2025-2033) is expected to witness significant growth in Asia-Pacific and other developing regions, driven by rising purchasing power and urbanization. Companies are investing heavily in research and development to create innovative products catering to specific dietary needs and preferences (e.g., vegan, sugar-free options). Furthermore, the trend toward personalized and experiential consumption is expected to influence product development and marketing strategies. Maintaining transparency and ethical sourcing practices will be crucial for long-term success, as consumers become increasingly conscious of the environmental and social impact of their food choices. The competitive landscape will continue to be shaped by mergers, acquisitions, and strategic partnerships, as companies seek to expand their market reach and strengthen their brand portfolios. Recent developments include: August 2023: Lotte Corporation partnered with DLT Labs to promote sustainability and ethical practices in the cacao bean supply chain. Lotte is commencing its pilot project on the traceability of cacao beans from Ghana and child labor monitoring using blockchain technology.July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.February 2023: The Hershey Company launched limited-edition chocolate bars to honor the celebration of International Women’s Day.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Macau Composite Consumer Price Index (CPI): FB: Food: Sugar, Jam, Chocolate & Confectionery:Sugar data was reported at 152.907 Jul2004-Jun2005=100 in Sep 2009. This records an increase from the previous number of 148.631 Jul2004-Jun2005=100 for Aug 2009. Macau Composite Consumer Price Index (CPI): FB: Food: Sugar, Jam, Chocolate & Confectionery:Sugar data is updated monthly, averaging 134.604 Jul2004-Jun2005=100 from Jan 2006 (Median) to Sep 2009, with 45 observations. The data reached an all-time high of 152.907 Jul2004-Jun2005=100 in Sep 2009 and a record low of 108.370 Jul2004-Jun2005=100 in Jan 2006. Macau Composite Consumer Price Index (CPI): FB: Food: Sugar, Jam, Chocolate & Confectionery:Sugar data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau – Table MO.I019: Composite Consumer Price Index: July 04- June 05=100.

The industrial chocolate market, valued at approximately $XX million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 12.50% from 2025 to 2033. This growth is fueled by several key drivers. The rising demand for convenient and ready-to-eat foods, particularly in developed economies, is significantly boosting the consumption of chocolate in various applications like bakery products, confectionery, and beverages. Furthermore, the increasing popularity of premium and specialized chocolates, coupled with innovative product development and the expanding global middle class, are contributing to market expansion. The bakery and confectionery segments remain dominant, driven by consistent demand from the food processing industry. However, the frozen desserts and ice cream sector presents a significant growth opportunity due to increasing consumer preference for convenient, indulgent treats. While price fluctuations in raw materials like cocoa beans pose a challenge, the industry's continuous innovation in chocolate manufacturing processes and the exploration of sustainable sourcing practices are mitigating these risks. Major players like Barry Callebaut, Cargill, and others are focusing on strategic partnerships, mergers and acquisitions, and product diversification to maintain their competitive edge. Geographical expansion, particularly in emerging Asian markets, also offers substantial growth potential. The market segmentation reveals a diverse landscape. Cocoa powder and cocoa liquor are core ingredients, with compound chocolate gaining traction due to its cost-effectiveness. Regionally, North America and Europe currently hold significant market shares, driven by high chocolate consumption. However, the Asia-Pacific region is witnessing rapid growth, fueled by rising disposable incomes and changing consumption patterns. South America, with its strong cocoa bean production, is also expected to contribute significantly to the market's overall growth. Competition in the market is intense, with both large multinational corporations and smaller specialized chocolate manufacturers vying for market share. The future outlook remains positive, with continued growth projected, driven by consumer demand, product innovation, and expansion into new markets. The industry's focus on sustainability and ethical sourcing will likely play an increasingly important role in shaping future market trends. Recent developments include: In June 2022, Organic and fair-trade ingredients supplier PRONATEC started operations at its new 100% organic cocoa processing plant in Beringen, Switzerland. The facility, the first of its kind in Switzerland, produces organic cocoa mass, cocoa butter, and cocoa powder. The facility can process 15,000 tonnes/yr of cocoa beans acquired from small shareholder cooperatives., In February 2022, Guan Chong Berhad, a Malaysian-owned cocoa maker, signed a contract with Clegg Food Projects to convert a former Philips Avent facility in Glemsford, Suffolk, into a cocoa and chocolate-producing factory., In December 2021, an indigenous company, Johnvents Industries Limited launched a multi-billion-naira cocoa processing company in Akure, the Ondo State capital to boost the nation's export trade.. Notable trends are: Increasing Consumption of Dark Chocolates Owing to Health Benefits.

According to Cognitive Market Research, the global Bean-to-bar Chocolate market size will be USD 27124.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.80% 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 10849.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8137.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6238.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1356.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% 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 542.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.
The chocolate bar segment dominates the bean-to-bar chocolate market due to its widespread consumer preference and versatility

Market Dynamics of Bean-to-bar Chocolate Market

Key Drivers for Bean-to-bar Chocolate Market

Growing Consumer Preference for Ethical and Sustainable Chocolate to Boost Market Growth

Consumers are increasingly favoring ethically sourced and sustainably produced chocolate, which directly supports the bean-to-bar chocolate market. Transparency in sourcing and production practices, such as fair trade certification and direct trade relationships with farmers, has become a significant purchasing factor. Bean-to-bar brands emphasize sustainability and ethical responsibility, appealing to environmentally conscious and socially responsible buyers. This trend is further amplified by the younger generation, who prioritize sustainability in their purchasing decisions, thereby driving demand for authentic and traceable chocolate products. For instance, in July 2022, Blue Gourmet, an Indian-based company is going to launch new bean-to-bar chocolate in September. The company has a presence in Kerala where the cocoa is grown providing the company a geographical advantage when it comes to sourcing and controlling the quality from the start

Rising Popularity of Premium and Artisanal Chocolates to Drive Market Growth

The bean-to-bar chocolate market benefits from the growing consumer inclination toward premium and artisanal products. As customers seek unique flavors, high-quality ingredients, and distinct textures, bean-to-bar brands cater to these preferences with their handcrafted processes and limited-edition offerings. These chocolates often showcase diverse cacao origins, appealing to connoisseurs and adventurous consumers. Additionally, premiumization in the chocolate industry has made bean-to-bar products a preferred choice for gifting and luxury consumption, boosting their market presence across specialty stores, cafes, and online platforms.

Restraint Factor for the Bean-to-bar Chocolate Market

High Production Costs and Limited Scalability, will Limit Market Growth

One of the significant restraints in the bean-to-bar chocolate market is the high production cost associated with small-scale manufacturing. Sourcing high-quality cacao beans, specialized equipment, and the manual nature of the production process lead to elevated expenses. Unlike mass-produced chocolates, bean-to-bar operations often face challenges in achieving economies of scale, resulting in higher retail prices. This limits their accessibility to cost-conscious consumers and restricts market expansion in price-sensitive regions. Moreover, the niche positioning of these products further intensifies the cost-related challenges for manufacturers.

Impact of Covid-19 on the Bean-to-bar Chocolate Market

Covid-19 pandemic had a mixed impact on the bean-to-bar chocolate market. On one hand, disruptions in supply chains, including the sourcing of high-quality cacao beans and challenges in logistics, posed significant obstacles for manufacturers. Many small-scale producers struggled with fluctuating raw material prices and limited access to international markets. On the other hand, the pandemic spurred a shift in consumer behavior, with increased dem...

Macau SAR (China) Composite Consumer Price Index (CPI): Weight: FB: NA: Coffee, Tea & Cocoa data was reported at 0.241 % in Sep 2009. This stayed constant from the previous number of 0.241 % for Aug 2009. Macau SAR (China) Composite Consumer Price Index (CPI): Weight: FB: NA: Coffee, Tea & Cocoa data is updated monthly, averaging 0.241 % from Jan 2006 (Median) to Sep 2009, with 45 observations. The data reached an all-time high of 0.241 % in Sep 2009 and a record low of 0.241 % in Sep 2009. Macau SAR (China) Composite Consumer Price Index (CPI): Weight: FB: NA: Coffee, Tea & Cocoa data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau SAR (China) – Table MO.I032: Composite Consumer Price Index: July 04- June 05=100: Weights.

This aims to build the resilience of coconut and cacao smallholder farmers in the Philippines through improved crop productivity and diversification, increased access and usage of financial services, improved access to higher paying markets and value chains, and access to valuable early warning systems related to pest-control and weather events. Grameen Foundation’s FarmerLink project combines satellite and farm data collected by mobile-equipped field agents to help coconut farmers increase productivity, deal with crop pests and diseases and increase the sustainability of their farms3.The project duration was from 1 January 2016 until 30 June 2017 (18 months). Farmers are registered under the FarmerLink program, entitled to receive both SMS and IVR messages from time to time on coconut and cacao good agricultural practices, market price information, pest and disease information, and weather forecasts. Collects info about the farmers. This aims to build the resilience of coconut and cacao smallholder farmers in the Philippines through improved crop productivity and diversification, increased access and usage of financial services, improved access to higher paying markets and value chains, and access to valuable early warning systems related to pest-control and weather events. Grameen Foundation’s FarmerLink project combines satellite and farm data collected by mobile-equipped field agents to help coconut farmers increase productivity, deal with crop pests and diseases and increase the sustainability of their farms3.The project duration was from 1 January 2016 until 30 June 2017 (18 months).

Macau SAR (China) CPI(A): FB: Non-alcoholic Beverages: Coffee, Tea & Cocoa data was reported at 105.507 Jul2023-Jun2024=100 in Mar 2025. This records a decrease from the previous number of 105.675 Jul2023-Jun2024=100 for Feb 2025. Macau SAR (China) CPI(A): FB: Non-alcoholic Beverages: Coffee, Tea & Cocoa data is updated monthly, averaging 105.498 Jul2023-Jun2024=100 from Oct 2024 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 106.359 Jul2023-Jun2024=100 in Jan 2025 and a record low of 104.601 Jul2023-Jun2024=100 in Dec 2024. Macau SAR (China) CPI(A): FB: Non-alcoholic Beverages: Coffee, Tea & Cocoa data remains active status in CEIC and is reported by Statistics and Census Service. The data is categorized under Global Database’s Macau SAR (China) – Table MO.I003: Consumer Price Index (A): July 2023-June 2024=100.