Cocoa rose to 8,650.30 USD/T on August 8, 2025, up 0.07% from the previous day. Over the past month, Cocoa's price has risen 3.27%, but it is still 4.81% 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.

Get the latest insights on price movement and trend analysis of Cocoa Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

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

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.

Get the latest insights on price movement and trend analysis of Cocoa in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Cocoa Powder Market Outlook

The global cocoa powder market size was valued at USD 3.5 billion in 2023 and is expected to reach USD 5.8 billion by 2032, growing at a CAGR of 5.5% from 2024 to 2032. This robust growth is attributed to increasing consumer preference for chocolate-flavored products, rising awareness about the health benefits of cocoa, and expanding application areas in the food and beverage industry.

The cocoa powder market is witnessing significant growth due to a surge in consumer demand for chocolate and cocoa-based products. Consumers are increasingly opting for premium and innovative chocolate products, which has necessitated the demand for high-quality cocoa powder. Moreover, the rising health consciousness among consumers and the increasing popularity of dark chocolate, known for its antioxidant properties and less sugar content, are driving the market's expansion. Additionally, the trend of clean-label products and the preference for natural and organic ingredients are further propelling the growth of the cocoa powder market.

Another critical growth driver is the robust expansion of the food and beverage industry globally. The bakery and confectionery sectors, in particular, are significant consumers of cocoa powder, utilizing it as a key ingredient in a wide range of products from cakes and cookies to chocolates and pastries. The increasing urbanization and changing lifestyle patterns, leading to higher consumption of ready-to-eat and convenience foods, are fueling the demand for cocoa powder. Furthermore, the beverage industry is also experiencing a surge in demand for cocoa powder for manufacturing cocoa-based drinks and flavored milk products.

Technological advancements and innovations in the cocoa processing techniques are also contributing to the market's growth. Improved processing methods enhance the quality and flavor of the cocoa powder, making it more suitable for various applications. Innovations in packaging and the development of more efficient supply chains are also playing a pivotal role in expanding the market reach of cocoa powder. The increasing investments in research and development activities to introduce new cocoa powder variants and improve the existing ones are further accelerating the market growth.

The increasing demand for cocoa powder has also influenced the Cocoa Machine Sales market significantly. As more manufacturers strive to meet the rising consumer demand for chocolate and cocoa-based products, the need for efficient and high-capacity cocoa processing machines has surged. These machines play a crucial role in ensuring the quality and consistency of cocoa powder, which is essential for maintaining the standards expected by both consumers and industry players. Furthermore, advancements in cocoa processing technology have led to the development of more sophisticated machines that enhance production efficiency and reduce operational costs. As a result, the cocoa machine sales market is poised for growth, driven by the expanding cocoa powder industry and the continuous innovation in processing techniques.

Regionally, the cocoa powder market exhibits varied growth patterns. North America and Europe are the leading regions in terms of market share, driven by the high consumption of chocolate products and the presence of established food and beverage industries. The Asia Pacific region is anticipated to witness the fastest growth during the forecast period, owing to the rising disposable incomes, changing dietary habits, and increasing popularity of Western confectionery products. Latin America, being a major producer of cocoa beans, is also expected to see substantial growth in the cocoa powder market.

Product Type Analysis

The cocoa powder market is segmented by product type into Natural Cocoa Powder, Dutch-Processed Cocoa Powder, and Black Cocoa Powder. Natural Cocoa Powder, which retains the natural acidity of the cocoa beans, is widely used due to its rich flavor and health benefits. It is preferred in recipes that require a strong chocolate flavor and is often used in baking and cooking. The rising trend of health-conscious eating has also bolstered the demand for natural cocoa powder, as it is perceived to be less processed and more nutritious than its counterparts.

Dutch-Processed Cocoa Powder, also known as alkalized cocoa powder, has been treated with an alkalizing agent to neutralize its acidity. This process gives it a milder fla

The global cocoa powder market is projected to grow from USD 2.7 billion in 2025 to USD 3.6 billion by 2035, registering a CAGR of 2.9%.

Metric	Value
Industry Size (2025E)	USD 2.7 billion
Industry Value (2035F)	USD 3.6 billion
CAGR (2025 to 2035)	2.9%

Top Countries Producing, Consuming, Regulating, and Driving Demand for Cocoa Powder

Countries	CAGR (2025 to 2035)
Japan	4.3%
USA	2.8%
France	2.5%
Germany	2.3%
UK	2.2%

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

Cocoa powder prices surged YoY in MEA, rising up to 80% in Dec 2024. 2025 outlook remains steady with improved supply and stable processing.

According to Cognitive Market Research, the global Cocoa Powder market size will be USD 22145.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% 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 8858.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6643.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5093.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1107.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% 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 442.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Natural cocoa powder category is the fastest growing segment of the Cocoa Powder industry

Market Dynamics of Cocoa Powder Market

Key Drivers for Cocoa Powder Market

Growing demand for chocolate and cocoa-based products to Boost Market Growth

The growing demand for chocolate and cocoa-based products is significantly boosting market growth. This surge is driven by an increasing consumer preference for indulgent, premium, and health-conscious chocolate products, including dark chocolates, organic varieties, and functional chocolates with added ingredients like antioxidants and superfoods. The rise in disposable incomes, especially in emerging economies, along with changing consumer lifestyles and preferences for premium and unique flavors, are propelling the demand for premium chocolates and artisanal cocoa products. Additionally, the increasing use of cocoa ingredients in various food applications such as beverages, snacks, and bakery products is driving market expansion. Innovations in product offerings, such as health-oriented chocolates and sustainable sourcing practices, are further boosting market growth, making the chocolate and cocoa industry a dynamic and evolving market sector.

Health benefits of cocoa, such as its antioxidant properties

The cocoa market is driven by its numerous health benefits, particularly its antioxidant properties. Cocoa is rich in flavonoids, a type of antioxidant that can help protect cells from damage. These antioxidants have been linked to a reduced risk of heart disease, stroke, and certain types of cancer. Additionally, cocoa may help improve cognitive function and mood. As consumers become more aware of the health benefits of cocoa, demand for cocoa products is expected to continue to grow.

Restraint Factor for the Cocoa Powder Market

Price fluctuations due to weather and supply chain disruptions

Extreme weather events disrupt supply chains, causing delays, production halts, and damage to infrastructure. This leads to shortages, higher transportation costs, and increased prices for consumers. Supply chain disruptions also ripple through interconnected industries, further amplifying price fluctuations.

Impact of Covid-19 on the Cocoa Powder Market

The COVID-19 pandemic caused disruptions in the cocoa powder market. Supply chains were affected by transportation restrictions and labor shortages, leading to price fluctuations. Demand also shifted as lockdowns closed restaurants and cafes, impacting foodservice sales. However, increased home baking and a surge in comfort food consumption partially offset these losses. Introduction of the Cocoa Powder Market

The cocoa powder market encompasses the global trade and utilization of finely ground cocoa derived from cocoa beans. It finds extensive use across various industries, primarily in the food and beverage sector. Cocoa powder is a key ingredient in the production of chocolate, confectionery, baked goods, beverages, and more. Its rich flavor, aroma, and nutritional properties contribute to its widespread popularity. Several factors, including the increasing demand for natural and organic ingredients, the growing health consciousness among consumers, and the expanding use of cocoa powder in various applications beyond traditional food and bevera...

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.

In 2024, the Dutch cocoa powder market increased by 15% to $59M, rising for the sixth consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans was 87.60000 Index Dec 2011=100 in December of 2018, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans reached a record high of 105.30000 in December of 2015 and a record low of 81.10000 in December of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans - last updated from the United States Federal Reserve on August of 2025.

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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

In 2024, the cocoa powder market in Australia and Oceania increased by 30% to $160M, rising for the sixth year in a row after two years of decline. The total consumption indicated a moderate expansion from 2012 to 2024: its value increased at an average annual rate of +2.1% 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 +76.3% against 2018 indices.

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%

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...

Fat-Reduced Cocoa Powder Market Outlook

The global fat-reduced cocoa powder market size is projected to grow from USD 1.1 billion in 2023 to USD 1.9 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.3%. This growth is driven by increasing consumer awareness regarding healthy eating habits and the rising demand for low-fat alternatives in food products.

One of the primary growth factors for the fat-reduced cocoa powder market is the rising health consciousness among consumers. People are increasingly seeking out food products that offer indulgent flavors without the associated guilt, and fat-reduced cocoa powder fits this trend perfectly. It provides the rich taste of cocoa but with significantly lower fat content, making it an attractive ingredient for health-focused consumers. Additionally, the growing prevalence of obesity and related health issues globally has prompted a shift towards healthier eating habits, further fueling the demand for fat-reduced cocoa powder.

Another key driver is the expanding application of fat-reduced cocoa powder in various food and beverage products. The versatility of this ingredient makes it suitable for a wide range of applications, from bakery and confectionery items to beverages and dairy products. This widespread usage across different segments of the food industry is contributing to its growing market share. The trend of clean labeling and natural ingredients is also playing a significant role, as consumers prefer products that are perceived to be healthier and free from artificial additives.

The growing trend of veganism and plant-based diets is also bolstering the fat-reduced cocoa powder market. As more consumers adopt a vegan lifestyle, there is an increasing demand for plant-based ingredients that can be used in the preparation of various food items. Fat-reduced cocoa powder, being a plant-based ingredient, aligns well with this trend and is being increasingly used in vegan and vegetarian products. This shift towards plant-based diets is expected to continue, providing a sustained boost to the market.

In the pursuit of healthier food options, the role of Content Reduction Ingredients has become increasingly significant. These ingredients are designed to reduce the fat content in food products without compromising on taste or texture. In the case of fat-reduced cocoa powder, content reduction ingredients help maintain the rich, chocolatey flavor that consumers love, while significantly cutting down the fat content. This innovation not only appeals to health-conscious consumers but also aligns with the broader trend of clean labeling and natural ingredients. By incorporating content reduction ingredients, manufacturers can offer products that satisfy the growing demand for healthier indulgence options, thereby expanding their market reach.

Regionally, North America is a significant market for fat-reduced cocoa powder, driven by high consumer awareness and a strong demand for healthy food products. Europe is another important market, with a growing trend of clean eating and natural ingredients. The Asia Pacific region is also witnessing rapid growth, fueled by rising disposable incomes and increasing health consciousness among consumers. The Middle East & Africa and Latin America are expected to show moderate growth, with rising urbanization and an increasing focus on healthy lifestyles contributing to the market expansion.

Product Type Analysis

The fat-reduced cocoa powder market can be segmented by product type into natural and alkalized varieties. The natural fat-reduced cocoa powder segment is witnessing significant growth due to its pure and unprocessed nature. Consumers are increasingly leaning towards products that are minimally processed and free from artificial additives, and natural cocoa powder fits this preference. It is also popular among health-conscious consumers who prefer its antioxidant properties and nutritional benefits.

Cocoa Powder is a fundamental ingredient in the food industry, known for its rich flavor and versatility. It serves as a base for various culinary applications, from baking to beverages. In the context of fat-reduced cocoa powder, cocoa powder plays a crucial role in delivering the desired chocolate taste while minimizing fat content. This makes it an ideal choice for health-consc

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