Cocoa fell to 7,949.69 USD/T on July 3, 2025, down 2.54% from the previous day. Over the past month, Cocoa's price has fallen 18.92%, but it is still 1.88% 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 , 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

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 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.

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.

Interactive monthly chart and 35 years of historical data from 1990 to 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

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.

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...

Statistics illustrates monthly prices of cocoa beans in the World from January 2019 to May 2025.

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

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.

In 2024, the global cocoa butter market increased by 42% to $13.6B, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a strong increase from 2012 to 2024: its value increased at an average annual rate of +6.8% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The global cocoa market is set to observe USD 16.6 billion in 2025. The industry is expected to register 4.7% CAGR from 2025 to 2035, reaching USD 26.2 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 16.6 billion
Industry Value (2035F)	USD 26.2 billion
CAGR (2025 to 2035)	4.7%

Semi-Annual Industry Update

Particular	H1
Year	2024 to 2034
CAGR	4.3%

Particular	H2
Year	2024 to 2034
CAGR	4.9%

Particular	H1
Year	2025 to 2035
CAGR	4.5%

Particular	H2
Year	2025 to 2035
CAGR	5.0%

Country-wise Insights

Country	CAGR (2025 to 2035)
USA	3.9%
Germany	2.8%
China	5.9%
Japan	6.8%
India	5.5%

Competitive Outlook

Company Name	Estimated Industry Share (%)
Barry Callebaut	20-25%
Olam International	15-20%
Cargill Inc.	12-16%
Ecom Agroindustrial Corp.	8-12%
Touton S.A.	6-10%
Other Companies (combined)	25-35%

The global market for chocolate and other food preparations containing cocoa reached $19.3B in 2024, with an increase of 15% against the previous year. The market value increased at an average annual rate of +4.3% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

According to Cognitive Market Research, the global cocoa processing market was USD 15.1 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 1.50% from 2023 to 2030. Rising Number of Health Benefits to Provide Viable Market Output

Chocolate consumption has been on the rise due to its strong source of antioxidants and ability to lower cholesterol levels, reducing the risk of cardiovascular problems. Moreover, the ingestion of chocolate aids in preventing cognitive decline by improving blood flow and reducing blood pressure, ultimately enhancing brain function.

Cargill, Continental Grain Company, and Sanderson Farms, Inc. have announced their definitive agreement for a joint effort between Cargill and Continental Grain to acquire Sanderson Farms.

(Source:www.cargill.com/2021/cargill-and-continental-grain-company-to-acquire-sanderson-farms#:~:text=Our%20Stories-,Cargill%20and%20Continental%20Grain%20Company%20to%20Acquire%20Sanderson%20Farms%20for,a%20Leading%20U.S.%20Poultry%20Company&text=MINNEAPO)

This surge in chocolate consumption has also resulted in a higher need for different types of chocolate products, including dark chocolate, milk chocolate, and white chocolate. Consequently, manufacturers are investing in expanding their production capacity and refining their processing techniques to meet the increasing market demands. Furthermore, installing more chocolate processing equipment will not only meet the rising demand but also contribute to the economic growth of the global chocolate industry.

Improving standard of living and increasing disposable income to drive market growth

Market Dynamics of Cocoa Processing

Availability of Substitutes to Hinder Market Growth

The availability of substitutes presents a significant challenge and restraint for the industry. Cocoa is a primary ingredient in various food and beverage products, including chocolates, confectioneries, and beverages. However, the rising demand for healthier alternatives and changing consumer preferences have led to the developing and promotion of substitutes for cocoa-based products. Carob, for example, is often used as a cocoa substitute due to its similar appearance and flavor profile. Additionally, manufacturers are exploring other ingredients, such as cacao alternatives and synthetic flavors, to replicate the taste of cocoa. These substitutes cater to health-conscious consumers, those with dietary restrictions, and individuals looking to reduce their sugar and fat intake. Therefore, the availability of cocoa substitutes creates competition for the traditional cocoa industry, forcing companies to innovate and adapt their products to meet changing consumer preferences and manage their businesses.

Impact of COVID–19 on the Cocoa Processing Market

The cocoa processing market has been adversely affected by the COVID-19 pandemic. Since the onset of the global health crisis, there has been a decrease in demand for cocoa products, resulting in a reduced need for cocoa beans, the primary ingredient in these products. Due to this decline in cocoa demand, coffee prices have dropped, leading to decreased margins for cocoa processing. Furthermore, the pandemic has forced the closure or reduction of operations for numerous cocoa processing facilities, as governments worldwide have implemented lockdowns and social distancing measures. As a result, there has been a shortage in cocoa processing capacity, making it challenging for manufacturers to meet the demand for cocoa products. Introduction of Cocoa Processing

Cocoa processing is the method of transforming cocoa beans into a variety of products, including cocoa butter, cocoa powder, and chocolate. It involves several steps: sorting, roasting, winnowing, grinding, refining, and conching. The rising cocoa consumption leads to increased product adoption across the food and beverage industry. Additionally, cocoa powder is also widely used in preparing numerous food items, such as hot chocolate drinks, cakes, and other baked goods, which is acting as a growth-inducing factor.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the cocoa processing industry.

For instance, Cargill has made a deal to purchase Aalst Chocolate Pte. Ltd., a top-notch chocolate manufacturer based in Singapore. Once it receives regulatory approval and meets closin...

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...

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...

Imports: Price: Transformation Industry: Cocoa Powder, Butter or Cocoa Paste data was reported at 5,483.912 USD/Ton in 30 Apr 2025. This records an increase from the previous number of 5,464.927 USD/Ton for 27 Apr 2025. Imports: Price: Transformation Industry: Cocoa Powder, Butter or Cocoa Paste data is updated daily, averaging 2,615.418 USD/Ton from Mar 2019 (Median) to 30 Apr 2025, with 263 observations. The data reached an all-time high of 7,427.992 USD/Ton in 16 Mar 2025 and a record low of 1,596.460 USD/Ton in 30 Jun 2019. Imports: Price: Transformation Industry: Cocoa Powder, Butter or Cocoa Paste data remains active status in CEIC and is reported by Special Secretariat for Foreign Trade and International Affairs. The data is categorized under Brazil Premium Database’s Foreign Trade – Table BR.JAA010: Imports: Economic Activity: Product: Price.

Statistics illustrates consumption, production, prices, and trade of Cocoa Powder (Not Sweetened) in the World from Jan 2019 to May 2025.