Cocoa rose to 7,757.26 USD/T on July 18, 2025, up 6.18% from the previous day. Over the past month, Cocoa's price has fallen 19.34%, but it is still 0.27% 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 July of 2025.

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

Global Cocoa Price: 35 years of historical data from 1990 to 2025.

At the beginning of 2025, prices for both cocoa rose to record highs. In fact, in January of that year, prices for cocoa reached approximately ** U.S. dollars per kilogram. By April, the price had recovered somewhat, but was still quite high compared to previous years.

In 2024, the global cocoa bean market increased by 36% to $23.2B, rising for the second year in a row after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2024: its value increased at an average annual rate of +4.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +46.1% against 2022 indices.

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.

In 2024, the Philippine cocoa bean market increased by 28% to $32M, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, recorded prominent growth. Cocoa bean consumption peaked in 2024 and is expected to retain growth in the immediate term.

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.

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...

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.

Snapshot img

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

The revenue of the cocoa market in Liberia amounted to $X in 2018, jumping by X% against the previous year. Overall, cocoa consumption, however, continues to indicate an abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the cocoa market attained its maximum level at $X in 2010; however, from 2011 to 2018, consumption failed to regain its momentum.

Global Cocoa market size 2025 is $15653 Million whereas according out published study it will reach to $22620.5 Million by 2033. Cocoa market will be growing at a CAGR of 4.71% during 2025 to 2033.

Graph and download economic data for Global price of Cocoa (PCOCOUSDQ) from Q1 1990 to Q2 2025 about cocoa, World, and price.

The revenue of the cocoa market in Togo amounted to $X in 2018, shrinking by -X% against the previous year. In general, cocoa consumption continues to indicate a deep decrease. The most prominent rate of growth was recorded in 2014 when the market value increased by X% year-to-year. Cocoa consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

The revenue of the cocoa market in Grenada amounted to $X in 2018, going down by -X% against the previous year. Over the period under review, cocoa consumption continues to indicate an extraordinary increase. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, the cocoa market attained its maximum level at $X in 2013; however, from 2014 to 2018, consumption remained at a lower figure.

European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery was 173.00 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery - last updated from the EUROSTAT on July of 2025. Historically, European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery reached a record high of 173.00 points in May of 2025 and a record low of 73.30 points in April of 2005.

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 Fillings market size will be USD 148624.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% 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 59449.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 44587.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 34183.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7431.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% 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 2972.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
The Dairy Products category is the fastest growing segment of the Cocoa Fillings industry

Market Dynamics of Cocoa Fillings Market

Key Drivers for Cocoa Fillings Market

Rising Demand For Chocolate-Based Products In Bakery And Confectionery Drives The Cocoa Fillings Market Growth

The growing popularity of chocolate-based products in bakery and confectionery is a key factor driving the Cocoa Fillings Market. Consumers increasingly prefer indulgent and rich flavors in their baked goods and sweet treats, boosting the demand for cocoa-based fillings. Items such as pastries, cakes, cookies, and chocolates are witnessing higher consumption, fueled by changing lifestyles and the influence of social media trends. The versatility of cocoa fillings, which can be used in multiple applications and combined with other ingredients, further enhances their appeal. The rising preference for premium and artisanal products with unique cocoa-based flavors also contributes to market growth. This trend is extreme in urban areas, where consumers seek high-quality, innovative food experiences. For instance, in May 2024, Manam Chocolate, a Hyderabad-based craft chocolate company, successfully promoted Indian cacao beans on the global stage by collaborating with local farmers in the West Godavari region. The company adopted a bean-to-bar approach, emphasizing innovative flavor profiles and sustainable practices.

Increasing Preference For Premium And Artisanal Cocoa Fillings Boost Market Growth

The Cocoa Fillings Market is experiencing growth due to the rising preference for premium and artisanal cocoa fillings. Consumers today seek high-quality products that offer unique flavors and superior taste experiences, especially in bakery and confectionery items. Premium cocoa fillings, often made with carefully sourced ingredients and innovative recipes, appeal to those looking for indulgence and authenticity in their desserts and snacks. Artisanal fillings, crafted with a focus on quality and creativity, cater to the growing demand for personalized and sophisticated options. This trend is particularly evident in urban areas, where customers are willing to pay more for gourmet treats. As a result, manufacturers are introducing innovative, high-end cocoa fillings to meet the evolving preferences of modern consumers.

Restraint Factor for the Cocoa Fillings Market

High Volatility In Cocoa Bean Prices Impacting Profitability, Will Limit Market Growth

The Cocoa Fillings Market faces challenges due to the high volatility in cocoa bean prices, which directly impacts profitability. Fluctuating prices are often influenced by factors such as changing weather conditions, supply chain disruptions, and geopolitical issues in cocoa-producing regions. This unpredictability creates financial pressure for manufacturers who rely heavily on cocoa as a primary ingredient. Higher costs may force producers to adjust their pricing, which can reduce competitiveness in the market. Small and medium-sized businesses are particularly vulnerable, as they have limited capacity to absorb these fluctuations. Moreover, the instability in raw material costs affects long-term planning and innovation efforts, making it difficult for manufacturers to maintain consistent product quality and meet gro...