Cocoa fell to 9,161.21 USD/T on June 30, 2025, down 3.02% from the previous day. Over the past month, Cocoa's price has fallen 3.40%, but it is still 25.10% 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 June 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 Apr 2025 about cocoa, World, and price.

The price of cocoa powder can fluctuate based on factors like production, market dynamics, quality, and type. This article discusses the influences on cocoa powder prices and suggests checking with specific suppliers or retailers for the most accurate and current prices.

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.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans (WPU025401052) from Dec 2011 to Dec 2018 about cocoa, 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 168.4, the base year being 2015.

In June 2022, the cocoa powder price per tonamounted to $3,470 per ton, increasing by 4.6% against the previous month.

Sweetened Cocoa Powder Price Per Unit in Spain, 2019 Discover more data with ReportLinker!

Sweetened Cocoa Powder Price Per Unit in Finland, 2020 Discover more data with ReportLinker!

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 June of 2025.

The global cocoa powder market has reached a capacity to generate a revenue of around US$ 2,667.5 million in 2024. The sales of cocoa powder are all set to follow a moderate growth rate of 2.9% during the forecast period. By following this sluggish CAGR global cocoa powder industry share is expanding to achieve a valuation of US$ 3,441.1 million by 2034.

Report Attribute	Details
Global Market Size (2024)	US$ 2,667.5 million
Market Anticipated Forecast Value (2034)	US$ 3,441.1 million
Market Projected Growth Rate (2024 to 2034)	2.9% CAGR

Global Cocoa Powder Market Historical Analysis (2019 to 2023) Vs Forecast Outlook (2024 to 2034)

Attributes	Details
Global Cocoa Powder Market Value (2019)	US$ 2,387.4 million
Market Historical Growth Rate (CAGR 2019 to 2023)	2.1% CAGR

Country-wise Insights

Regional Market Comparison	CAGR (2024 to 2034)
United States	2.8%
Germany	2.3%
Japan	4.3%
China	3.5%
India	5.4%

Category-wise Insights

Attributes	Details
Top Product Type or Segment	Natural Cocoa Powder
Total Market Share in 2024 to 2034	64.3%

Attributes	Details
Top Sales Channel Segment	Direct Sales
Total Market Share in 2024	73.5%

Cocoa Powder Market Report Scope

Attribute	Details
Estimated Market Size (2024)	US$ 2,667.5 million
Projected Market Size (2034)	US$ 3,441.1 million
Anticipated Growth Rate (2024 to 2034)	2.9%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	US$ million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Product Type, By Sales Channel, By End Use Verticals, and By Region
Key Companies Profiled	Olam Cocoa Cargill Barry Callebaut Plot Ghana Dutch Cocoa Cocoa Processing Company Limited Indcresa Blommer JB Foods Limited
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

The global cocoa powder and chocolate powder market is experiencing robust growth, driven by increasing consumer demand for convenient and indulgent food and beverages. The market, segmented by product type (cocoa powder and chocolate powder) and application (drinks, desserts, candy, and others), is witnessing a significant expansion fueled by several factors. Rising disposable incomes, particularly in developing economies, are boosting consumption of chocolate and cocoa-based products. The growing popularity of chocolate confectionery, bakery items, and ready-to-drink beverages containing cocoa and chocolate further contributes to market expansion. Health and wellness trends are also influencing the market, with manufacturers increasingly focusing on products with reduced sugar content and added health benefits, such as antioxidants. This trend is evident in the rise of dark chocolate products and cocoa powder incorporated into health-conscious food and beverage options. The significant presence of established players like Nestle, Mars, and Hershey, alongside regional and emerging brands, indicates a competitive yet dynamic landscape. Innovation in product formulations, flavors, and packaging further intensifies competition and drives market expansion. However, factors such as fluctuating cocoa bean prices and supply chain disruptions pose challenges to consistent growth. Furthermore, concerns regarding sustainability and ethical sourcing of cocoa are prompting industry players to adopt more responsible practices, which although a positive step, can influence costs and profitability in the short term. Looking ahead, the market is projected to maintain a steady growth trajectory. The expansion into new markets, the development of novel product offerings, and increasing consumer awareness of cocoa's health benefits will continue to fuel market expansion. The continuous innovation in product diversification, including the introduction of cocoa powder and chocolate powder in various forms like instant mixes and single-serve sachets, contributes to accessibility and consumer convenience. Moreover, the growing integration of cocoa and chocolate into diverse food and beverage applications beyond traditional confectionery products reflects the expanding market opportunities. Regional differences in market size and growth rates are likely to persist, influenced by factors like cultural preferences, economic conditions, and purchasing power. North America and Europe are expected to retain significant market share, while emerging markets in Asia-Pacific and Africa present substantial growth opportunities. This dynamic interplay of factors points towards a promising outlook for the cocoa powder and chocolate powder market over the forecast period.

The Indian cocoa powder market rose notably to $749M in 2024, surging by 7.1% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in years to come.

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

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...

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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

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...

This statistic shows the consumer price index (CPI) of cocoa and powdered chocolate in Denmark monthly from June 2020 to April 2024. In April 2024, the CPI of cocoa and powdered chocolate in Denmark was measured at 120.4, where the year 2015 equals 100.