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.

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.

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

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.

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

This statistic shows the worldwide cocoa price from 2008 to 2023 in U.S. dollars per metric kilogram. In the 2023, the price per kilogram of cocoa was 3.28 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.

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

For the period between October and December 2023, the price of marketed cocoa in Côte d'Ivoire was measured at ***** West African CFA francs (XOF) per kilogram. This corresponded to roughly *** 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.

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.

Ghana Export Price: Cocoa Beans data was reported at 2,225.320 USD/Metric Ton in Mar 2018. This records a decrease from the previous number of 2,318.970 USD/Metric Ton for Dec 2017. Ghana Export Price: Cocoa Beans data is updated quarterly, averaging 2,672.150 USD/Metric Ton from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 3,370.400 USD/Metric Ton in Mar 2011 and a record low of 1,555.600 USD/Metric Ton in Sep 2006. Ghana Export Price: Cocoa Beans data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P003: Export Price.

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%

Ghana Export Price: Cocoa Products data was reported at 3,056.190 USD/Metric Ton in Mar 2018. This records an increase from the previous number of 3,039.200 USD/Metric Ton for Dec 2017. Ghana Export Price: Cocoa Products data is updated quarterly, averaging 3,320.610 USD/Metric Ton from Mar 2006 (Median) to Mar 2018, with 49 observations. The data reached an all-time high of 5,142.570 USD/Metric Ton in Dec 2009 and a record low of 1,618.770 USD/Metric Ton in Mar 2007. Ghana Export Price: Cocoa Products data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P003: Export Price.

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...

The average cocoa butter import price stood at $21,302 per ton in May 2025, falling by -5.6% against the previous month.

The cacao beans market is expected to reach USD 14.49 billion in 2025, with projected growth to USD 31.98 billion by 2035, reflecting a CAGR of 8.2% over the forecast period.

Metric	Value
Industry Size (2025E)	USD 14.49 billion
Industry Value (2035F)	USD 31.98 billion
CAGR (2025 to 2035)	8.2%

Top Countries Cultivating, Processing, and Exporting Cacao Beans

Country	CAGR (2025 to 2035)
United States	8.9%
France	8.7%
Germany	8.6%
Netherlands	8.4%
United Kingdom	8.3%

The global cocoa powder market is projected to grow from USD 2.7 billion in 2025 to USD 3.6 billion by 2035, registering a CAGR of 2.9%.

Metric	Value
Industry Size (2025E)	USD 2.7 billion
Industry Value (2035F)	USD 3.6 billion
CAGR (2025 to 2035)	2.9%

Top Countries Producing, Consuming, Regulating, and Driving Demand for Cocoa Powder

Countries	CAGR (2025 to 2035)
Japan	4.3%
USA	2.8%
France	2.5%
Germany	2.3%
UK	2.2%

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.

The global cocoa liquor market is estimated to be worth USD 7,918.6 million in 2025 and is projected to reach USD 14,450.8 million by 2035, expanding at a CAGR of 6.2% over the assessment period of 2025 to 2035. The widening market, which is mainly driven by increased consumer preference for natural and premium chocolate ingredients, has also paved the way for manufacturers to invest in smart process techniques and eco-friendly sourcing modalities.

Attributes	Description
Estimated Global Cocoa Liquor Business Size (2025E)	USD 7,918.6 million
Projected Global Cocoa Liquor Business Value (2035F)	USD 14,450.8 million
Value-based CAGR (2025 to 2035)	6.2%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	5.6%
H2 (2024 to 2034)	6.2%
H1 (2025 to 2035)	5.7%
H2 (2025 to 2035)	6.3%

Country-wise Insights

Country	United States
Market Volume (USD Million)	1,010.00
CAGR (2025 to 2035)	3.70%

Country	Germany
Market Volume (USD Million)	735.8
CAGR (2025 to 2035)	2.70%

Country	China
Market Volume (USD Million)	857.4
CAGR (2025 to 2035)	5.60%

Country	Japan
Market Volume (USD Million)	402.7
CAGR (2025 to 2035)	6.80%

Country	United Kingdom
Market Volume (USD Million)	735.8
CAGR (2025 to 2035)	2.70%

Category-Wise Insights

Segment	Value Share (2025)
Dutch Cocoa (By Product Type)	21%

Segment	Value Share (2025)
Chocolate & Confectionery (By Application)	21%

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...