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.

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.

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).

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.

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%.

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

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

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Chocolate/Chocolate-Type Confectionery Products, Cacao Beans (WPU025503011) from Dec 2011 to Jun 2025 about chocolate, confectionery, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

The consumer price index (CPI) of cocoa and powdered chocolate in Norway fluctuated from 2012 to 2024. In 2024, the average CPI of cocoa and powdered chocolate in Norway was measured at *****, the base year being 2015.

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.

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.

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

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.

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

Low Fat Cocoa Powder Market Outlook

The global low-fat cocoa powder market size was valued at USD 0.8 billion in 2023 and is expected to grow to USD 1.3 billion by 2032, exhibiting a CAGR of 5.5% over the forecast period. The growth of this market can be attributed to the rising demand for healthier and lower-calorie alternatives in the food and beverage industry, driven by an increasing awareness of health and wellness among consumers worldwide.

The growing prevalence of lifestyle-related diseases such as obesity, diabetes, and cardiovascular issues has significantly influenced consumer preferences towards low-fat and low-calorie products. Low-fat cocoa powder, known for its reduced fat content without compromising on the rich flavor of regular cocoa powder, has become a popular ingredient in various food and beverage products. Additionally, the rise in disposable incomes and the increased spending on health and wellness products have further propelled the market's growth. This trend is particularly strong in urban areas where consumers are more health-conscious and willing to pay a premium for better-quality products.

Technological advancements in food processing have also played a crucial role in the growth of the low-fat cocoa powder market. Innovations in extraction and processing techniques have allowed manufacturers to produce low-fat cocoa powder with improved taste, texture, and nutritional value. These developments have not only enhanced the product's appeal but have also expanded its application across various segments such as bakery, confectionery, beverages, and nutritional supplements. Moreover, the increasing availability of these products through various distribution channels has made them more accessible to a broader consumer base.

Another major growth factor is the rising trend of veganism and plant-based diets. Low-fat cocoa powder, being plant-based, aligns well with the dietary preferences of vegans and those following plant-based diets. The growing awareness of the environmental impact of animal agriculture and the benefits of plant-based diets has led to an increased demand for plant-based food products, including low-fat cocoa powder. Furthermore, the ongoing research and development in the field of functional foods and nutritional supplements have opened new avenues for the application of low-fat cocoa powder, thereby driving its market growth.

Cocoa Mass plays a pivotal role in the production of various cocoa products, including low-fat cocoa powder. It is the purest form of chocolate, made by grinding cocoa beans into a thick paste. This ingredient is essential in determining the flavor profile and quality of the final cocoa product. As consumers become more discerning about the ingredients in their food, the demand for high-quality cocoa mass has increased. Manufacturers are focusing on sourcing premium cocoa mass to enhance the taste and nutritional value of their low-fat cocoa powder offerings. This focus aligns with the growing trend of health-conscious consumers seeking products that do not compromise on flavor while offering reduced fat content.

Regionally, the North American market is expected to dominate the low-fat cocoa powder market, followed by Europe and Asia Pacific. The high consumer awareness and the strong presence of health-conscious consumers in these regions are key factors contributing to the market's growth. Additionally, the well-established food and beverage industry in these regions provides a solid foundation for the adoption of low-fat cocoa powder. In contrast, the markets in Latin America and the Middle East & Africa are anticipated to grow at a slower pace due to lower consumer awareness and limited availability of such products.

Product Type Analysis

The low-fat cocoa powder market is segmented by product type into natural and Dutch-processed. The natural low-fat cocoa powder segment holds a significant share of the market, driven by its perceived health benefits and minimal processing. Natural cocoa powder is less processed compared to Dutch-processed cocoa, retaining more of the natural antioxidants and nutrients found in cocoa beans. This segment is particularly popular among health-conscious consumers who prioritize minimally processed foods in their diets. The rising awareness of the health benefits associated with natural cocoa, such as its rich antioxidant content and potential cardiovascular benefits, has further fueled its demand.

Graph and download economic data for Producer Price Index by Industry: Chocolate and Confectionery Manufacturing from Cacao: Other Chocolate and Cocoa Products, Made from Cacao Beans (PCU3113513113517) from Dec 2011 to Jun 2025 about chocolate, cocoa, confectionery, beans, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Cocoa Powder Market Outlook

According to our latest research, the global cocoa powder market size reached USD 3.45 billion in 2024, reflecting a robust industry supported by diverse applications and a growing consumer base. The market is projected to expand at a CAGR of 4.8% from 2025 to 2033, with the total market value anticipated to reach USD 5.32 billion by the end of the forecast period. This steady growth is fueled by rising demand for chocolate-based products, increasing health consciousness among consumers, and the expanding use of cocoa powder across a range of end-use industries. As per our comprehensive analysis, evolving consumer preferences and innovations in product formulations are contributing significantly to the sustained momentum of the global cocoa powder market.

One of the primary growth factors driving the cocoa powder market is the escalating demand for premium and artisanal chocolate products worldwide. Consumers are increasingly seeking high-quality chocolate experiences, which has prompted manufacturers to focus on sourcing superior cocoa powder and experimenting with new blends. This trend is particularly pronounced in developed markets such as North America and Europe, where consumers are willing to pay a premium for ethically sourced and sustainably produced cocoa. Additionally, the growing popularity of home baking and cooking, accelerated by the global pandemic, has led to a surge in retail sales of cocoa powder. Social media trends and cooking shows have further amplified consumer interest, driving both volume and value growth in the market.

Health and wellness trends are also playing a pivotal role in shaping the cocoa powder market. There is a marked shift towards healthier lifestyles, with consumers increasingly opting for food products that offer functional health benefits. Cocoa powder, renowned for its rich antioxidant content and potential cardiovascular benefits, is being incorporated into a wide array of health-oriented products such as protein bars, beverages, and dietary supplements. The pharmaceutical and nutraceutical industries are leveraging cocoa powder’s bioactive compounds to develop products aimed at improving heart health, cognitive function, and overall well-being. This diversification of cocoa powder applications beyond traditional confectionery is broadening the market’s scope and attracting new consumer segments.

Another significant growth driver is the rapid expansion of the food and beverage industry in emerging economies, particularly in Asia Pacific and Latin America. Rising disposable incomes, urbanization, and the influence of Western dietary patterns are spurring the consumption of chocolate and cocoa-based products in these regions. Manufacturers are responding by introducing localized flavors and innovative product formats to cater to diverse tastes. Furthermore, the increasing penetration of modern retail formats and e-commerce platforms is making cocoa powder more accessible to a broader audience. These factors, combined with strategic investments in supply chain optimization and sustainable sourcing, are expected to reinforce the market’s growth trajectory over the coming years.

Regionally, Europe continues to dominate the global cocoa powder market, accounting for the largest share in 2024, followed closely by North America. However, the Asia Pacific region is witnessing the fastest growth, fueled by changing dietary habits, rising health awareness, and expanding middle-class populations. Latin America, as a major producer of cocoa beans, is also playing a crucial role in shaping global supply dynamics. Meanwhile, the Middle East & Africa region is experiencing steady growth, driven by increasing demand for chocolate products and evolving food processing industries. The interplay of these regional trends is contributing to a dynamic and competitive global cocoa powder market landscape.

Product Type Analysis

The cocoa powder market is segmented by product type into Natural Cocoa Powder, Dutch-Processed

The global cocoa and chocolate powder market is experiencing robust growth, driven by increasing consumer demand for convenient and versatile food and beverage products. The market's expansion is fueled by several key factors: the rising popularity of chocolate confectionery and cocoa-based beverages, particularly in developing economies; the growing awareness of cocoa's health benefits, including antioxidants; and the increasing innovation in product offerings, such as functional chocolate powders enriched with vitamins and minerals. Furthermore, the rise of online retail channels and e-commerce platforms has significantly broadened market reach, providing convenient access for consumers and boosting sales. Major players like Nestlé, Mars, and Barry Callebaut are driving innovation through product diversification and strategic partnerships, furthering market expansion. However, factors like fluctuating cocoa bean prices and concerns about sustainable sourcing practices present challenges to the market’s sustained growth. Despite these restraints, the long-term outlook remains positive, projected to maintain a considerable compound annual growth rate (CAGR) over the forecast period (2025-2033). This growth is expected to be particularly strong in Asia-Pacific and Latin America, regions experiencing rapid economic development and rising disposable incomes. The competitive landscape is characterized by both established multinational corporations and smaller, specialized companies. Large players leverage their extensive distribution networks and brand recognition to maintain significant market share. Smaller players often focus on niche segments, such as organic or fair-trade cocoa powders, catering to specific consumer preferences. Strategic mergers and acquisitions are common, facilitating market consolidation and expanding product portfolios. Furthermore, an increasing emphasis on sustainability and ethical sourcing is reshaping the industry, with many companies adopting responsible sourcing policies to meet growing consumer demand for ethically produced cocoa and chocolate. This focus on sustainability, coupled with continuous innovation in product development and marketing strategies, will be crucial for success in this dynamic and competitive market. Successful companies will need to balance profitability with ethical sourcing and environmental responsibility to maintain their market position.