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.

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

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.

As of 2021, the price of cocoa in Ghana was projected at *** U.S. dollars per kilogram. This price was forecast to reach *** U.S. dollars per kilogram between 2022 and 2024. However, in 2025, it is expected that *** U.S. dollars would be paid for every kilogram of cocoa purchased from Ghana. The country is a leading producer of cocoa worldwide.

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

Lindt & Spruengli plans significant price hikes in 2025 to counter rising cocoa costs, reflecting trends across the chocolate sector.

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.

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...

Ghana Commodity Price: Cocoa LIFFE data was reported at 1,805.800 GBP/Tonne in Apr 2018. This records an increase from the previous number of 1,756.570 GBP/Tonne for Mar 2018. Ghana Commodity Price: Cocoa LIFFE data is updated monthly, averaging 1,569.320 GBP/Tonne from Dec 2003 (Median) to Apr 2018, with 173 observations. The data reached an all-time high of 2,419.860 GBP/Tonne in Jul 2016 and a record low of 774.800 GBP/Tonne in Jun 2004. Ghana Commodity Price: Cocoa LIFFE data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P001: Commodity 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.

In June 2023, the price of Cocoa Powder was $3,210 per ton (CIF, China), marking a 4.8% increase compared to the previous month.

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

Hershey announces a price hike for its chocolates, citing a significant increase in cocoa costs due to poor harvests and climate change impacts in major cocoa-producing regions.

The revenue of the cocoa market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the cocoa market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

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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 June 2024, cocoa in Brazil was traded at an average price of ***** Brazilian reals per **** kilograms (one arroba*), a significant increase of over *** percent in comparison to the same month of the previous year. In the indicated period, the price of cocoa in Brazil reached a peak in June 2024. Cocoa production in Brazil was forecasted to reach *** thousand metric tons in crop year 2022/2023.

In March 2023, the cocoa butter price stood at $5,136 per ton (FOB, Netherlands), with an increase of 2.7% against the previous month.

The Chocolate and Confectionery Production industry in France is undergoing a period of change, driven by changing consumer demands and market conditions. Chocolate sales make up the bulk of the market and are highly sensitive to the price of cocoa. Cocoa prices remained largely untouched by global financial disruptions in 2022, but the market has since grappled with supply shortfalls, which caused a dramatic spike in cocoa prices in 2024. This drove a sudden rise in chocolate and confectionery production revenue in 2024 and it’s set to edge up by a further 0/.3% in 2025. Nonetheless, revenue is projected to dip at a compound annual rate of 1.9% over the five years through 2025 to €4.3 billion. Health consciousness is at an all-time high. Even when they’re looking to treat themselves, French consumers are gravitating towards products perceived to be healthier, like dark chocolate and sugar-free treats. This trend has been in part driven by governmental health campaigns. At the same time, there’s been a notable shift towards ethical and sustainable production, indicated by programmes like Initiative Française pour un Cacao Durable, launched in 2021. Producers’ growing commitment to sustainability is seen not just as a moral requirement but also as a differentiator in an increasingly socially aware market. While price hikes for key ingredients like cocoa and sugar have increased costs for producers, they’ve passed much of the cost increase on through higher selling prices, keeping revenue steady. In the medium term, chocolate and confectionery producers will continue to grapple with cocoa shortages. This will bring a continued period of high costs and price volatility, challenging producers to mitigate impacts and sustain profitability. Meanwhile, tightening government regulations aimed at reducing sugar consumption are expected to direct producers’ innovation efforts towards healthier products, like dark chocolate and other low-sugar variations. It’s not all bad news, though; improving economic conditions are likely to bolster demand for premium and artisanal chocolates, inviting more luxurious brands into the market. Revenue is projected to grow at a compound annual rate of 0.9% over the five years through 2030 to reach €4.6 billion.

The combined price in the 'Cocoa' segment of the hot drinks market in Brazil was forecast to continuously increase between 2024 and 2029 by in total *** U.S. dollars (+***** percent). After the ninth consecutive increasing year, the combined price is estimated to reach **** U.S. dollars and therefore a new peak in 2029. Find other key market indicators concerning the average consumption per capita and volume. The Statista Market Insights cover a broad range of additional markets.

The global cocoa beans market, valued at $11,920 million in 2025, is poised for significant growth. While the exact CAGR is unavailable, considering the consistent demand driven by the confectionery and beverage industries, coupled with the increasing popularity of chocolate and cocoa-based products globally, a conservative estimate of a 5% CAGR is plausible for the forecast period 2025-2033. This growth is fueled by several factors. Rising disposable incomes in emerging economies, particularly in Asia and Africa, are leading to increased consumption of chocolate and cocoa products. Furthermore, innovation in cocoa product formulations, such as the development of new chocolate varieties and cocoa-infused beverages, is expanding the market's appeal to a broader consumer base. However, challenges remain, including fluctuating cocoa bean prices influenced by climate change and weather patterns impacting harvests, and concerns regarding sustainable sourcing and ethical production practices. Major players like Cargill, Barry Callebaut, Meridian Cacao Company, Cocoa Supply Company, and Olam Group are actively involved in addressing these concerns through initiatives aimed at improving farmer livelihoods and enhancing sustainability throughout the supply chain. The market segmentation, while not explicitly detailed, likely includes distinctions based on bean type (Forastero, Criollo, Trinitario), processing methods (fermentation, drying), and product form (beans, nibs, liquor, butter). Regional variations in consumption patterns and production capabilities also contribute to market segmentation. The historical period (2019-2024) likely witnessed periods of both growth and volatility, reflecting the inherent sensitivity of agricultural commodities to external factors. The forecast period (2025-2033) presents opportunities for market expansion, particularly through increased investment in sustainable farming practices, improved supply chain transparency, and targeted marketing efforts to capitalize on evolving consumer preferences. This will likely lead to a shift towards higher-quality, sustainably sourced cocoa beans, with increased premium pricing for products that meet these criteria.