Cocoa fell to 5,359.52 USD/T on December 1, 2025, down 0.82% from the previous day. Over the past month, Cocoa's price has fallen 18.29%, and is down 41.61% compared to the same time last year, 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 December of 2025.

Between 2016 and 2025, the monthly price of cocoa worldwide peaked in January 2025 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.

View monthly updates and historical trends for Cocoa Price. Source: World Bank. Track economic data with YCharts analytics.

The price of cocoa beans in the international market is influenced by various factors including supply and demand dynamics, weather conditions, government policies, and economic factors. This article explores the impact of these factors on cocoa prices and highlights the importance of tracking and understanding them for market participants and stakeholders in the cocoa industry.

This statistic depicts the average annual prices for cocoa from 2014 through 2027*. In 2025, the average price for cocoa stood at eight nominal U.S. dollars per kilogram.

View monthly updates and historical trends for Cocoa Bean Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

Monthly and long-term cocoa price data (US$/mt): historical series and analyst forecasts curated by FocusEconomics.

The closure of the HoReCa segment caused the demand for cocoa beans to collapse in 2020, while the production remained stable. This led to a surge in unsold cocoa bean stocks in exporter-countries. EU chocolate producers are now trying to enlist a range of measures to ensure stable demand and secure supply chains on the cocoa bean market.

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Cocoa Beans Market Size 2025-2029

The cocoa beans market size is valued to increase by USD 3.58 billion, at a CAGR of 4.5% from 2024 to 2029. Rising popularity of chocolate-flavored beverages will drive the cocoa beans market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 39% growth during the forecast period.
By Application - Confectionery segment was valued at USD 5.14 billion in 2023
By Product - Cocoa butter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 42.75 million
Market Future Opportunities: USD 3576.90 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

Cocoa beans, the primary ingredient in chocolate, have long held a significant place in the global market due to their versatility and universal appeal. The demand for cocoa beans is driven by the growing popularity of chocolate-based products, particularly beverages, which have witnessed a notable increase in consumer preference. This trend is fueled by the expanding health-conscious population seeking alternatives to sugar-laden beverages. The market is characterized by a dynamic business landscape, with numerous players vying for market share. Mergers and acquisitions have become a common strategy for companies aiming to expand their operations and strengthen their market position.
Despite this competition, the market remains volatile due to various factors, including weather conditions in cocoa-producing regions and fluctuations in supply and demand. However, the market is not without challenges. Volatility in the prices of cocoa beans, influenced by weather conditions and supply chain disruptions, poses a significant risk for market participants. Cocoa bean prices have experienced significant volatility, reflecting the market's complexities. Factors such as disease outbreaks, weather conditions, and geopolitical instability can significantly impact prices. However, the long-term outlook for the market remains positive, with continued growth expected due to increasing consumer demand and ongoing innovation in chocolate-based products. In conclusion, the market is a dynamic and complex business environment, shaped by various factors including consumer preferences, competition, and external influences. Companies operating in this sector must stay informed about market trends and be prepared to adapt to changing conditions to remain competitive.

What will be the Size of the Cocoa Beans Market during the forecast period?

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How is the Cocoa Beans Market 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.

Application

  Confectionery
  Functional food and beverage
  Cosmetics
  Others


Product

  Cocoa butter
  Cocoa powder
  Cocoa beverages
  Others


Type

  Forastero
  Trinitario
  Criollo


Nature

  Organic
  Conventional


Sale Channel

  B2B
  B2C


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The confectionery segment is estimated to witness significant growth during the forecast period.

The market continues to evolve, driven by the increasing demand for low-fat alkalized and natural cocoa powders in various confectionery items, such as toffee, hard candy, and marshmallows. This trend is fueling the growth of the confectionery segment, with companies like Mars and Nestle focusing on producing chocolate liquor with higher cocoa mass for stronger flavors. For example, Prodigy Snacks Ltd, a UK confectionery firm, recently introduced Phenomenoms, a new chocolate biscuit range with two flavors, highlighting this market development. Additionally, ongoing activities include the implementation of sustainable farming practices, yield optimization techniques, and soil nutrient management to enhance production efficiency.

Bean drying methods, packaging technology, and traceability systems are also evolving to ensure product quality and consumer safety, with a focus on reducing aflatoxin contamination levels. Theobroma cacao cultivation continues to adapt to climate change, with research on pest management strategies, microbial community composition, and disease resistance mechanisms. The market is further characterized by improvements in processing efficiency, sensory evaluation protocols, and polyphenol oxidase activity analysis for assessing health benefits. Cocoa butter extraction and flavonoid conte

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...

Learn about the factors that can affect cocoa dry bean prices per kg, including supply and demand, quality, origin, and market conditions. Understand how weather conditions, production levels, and currency exchange rates can influence cocoa prices. Discover the impact of disruptions in supply, extreme weather, bean quality, and currency fluctuations on cocoa prices. Stay informed about the dynamics of the cocoa market and make informed decisions as a cocoa farmer, trader, or chocolate manufacturer.

Cocoa prices in , October, 2025 For that commodity indicator, we provide data from January 1960 to October 2025. The average value during that period was 1.92 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

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%

In 2024, the global cocoa bean market increased by 22% to $21.4B, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Cocoa Market reached USD 14.52 billion in 2025 and is expected to grow at a CAGR of 5.27% from 2026 to 2032, reaching USD 19.76 billion by 2032.

This statistic shows the worldwide cocoa price from 2008 to 2024 in U.S. dollars per metric kilogram. In 2024, the price per kilogram of cocoa was over seven U.S. dollars.

Nigeria Commodity Price: Cocoa data was reported at 3,625.540 USD/Ton in Sep 2023. This records an increase from the previous number of 3,444.000 USD/Ton for Aug 2023. Nigeria Commodity Price: Cocoa data is updated monthly, averaging 2,519.660 USD/Ton from Jan 2009 (Median) to Sep 2023, with 177 observations. The data reached an all-time high of 3,625.540 USD/Ton in Sep 2023 and a record low of 178.930 USD/Ton in Jan 2011. Nigeria Commodity Price: Cocoa data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

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 Sep 2025 about chocolate, confectionery, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

Learn about the factors that influence the price of cocoa beans per kg, including supply and demand dynamics, market conditions, and global cocoa market indicators. Explore the impact of factors such as weather conditions, political instability, and consumer demand on cocoa bean prices. Discover the role of futures contracts in determining cocoa prices and understand the importance of considering the entire cocoa supply chain. Find out the current average price of cocoa beans and the significance of certifi

The cocoa market is witnessing mixed dynamics with price fluctuations influenced by varying demand and supply forecasts. Explore the latest insights on global cocoa production and market trends.