Cocoa rose to 8,632 USD/T on August 7, 2025, up 1.91% from the previous day. Over the past month, Cocoa's price has risen 6.70%, and is up 1.93% 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 August of 2025.

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

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.

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

The revenue of the cocoa market in Papua New Guinea amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. Cocoa consumption peaked in 2018 and is expected to retain its growth in the near future.

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 2024, the average price for cocoa stood at 7.33 nominal U.S. dollars per kilogram.

Global Cocoa market size 2021 was recorded $13021 Million whereas by the end of 2025 it will reach $15653 Million. According to the author, by 2033 Cocoa market size will become $22620.5. Cocoa market will be growing at a CAGR of 4.71% during 2025 to 2033.

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.

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%

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.

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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

European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery was 170.40 points in June 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 August of 2025. Historically, European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery reached a record high of 172.80 points in May of 2025 and a record low of 73.30 points in April of 2005.

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

The Indian cocoa bean market skyrocketed to $337M in 2024, with an increase of 45% against the previous year. Overall, consumption showed prominent growth. Cocoa bean consumption peaked in 2024 and is expected to retain growth in years to come.

The Ugandan cocoa bean market shrank to $267K in 2024, reducing by -8.6% against the previous year. Overall, consumption recorded a dramatic downturn. As a result, consumption reached the peak level of $10M. From 2016 to 2024, the growth of the market remained at a lower figure.

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...

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.

United States - Producer Price Index by Industry: Chocolate and Confectionery Manufacturing from Cacao: Other Chocolate and Cocoa Products, Made from Cacao Beans was 357.16000 Index Dec 2011=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Chocolate and Confectionery Manufacturing from Cacao: Other Chocolate and Cocoa Products, Made from Cacao Beans reached a record high of 414.18200 in April of 2025 and a record low of 88.90000 in July of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Chocolate and Confectionery Manufacturing from Cacao: Other Chocolate and Cocoa Products, Made from Cacao Beans - last updated from the United States Federal Reserve on July of 2025.