Cocoa decreased 3,489.42 USD/MT or 30.33% since the beginning of 2025, 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 March of 2025.

In the fourth quarter of 2023, the price of cocoa in Ecuador reached 3224 USD/MT. The price of cocoa reached 2858 USD/MT during Q4 2023 in Netherlands. Meanwhile, during the fourth quarter of 2023, Belgium recorded the cocoa prices at 3139 USD/MT.

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.

Between 2016 and 2024, the monthly price of cocoa worldwide peaked in April 2024 at about 9,876 U.S. dollars per metric ton. Global cocoa industry Global cocoa production is expected to reach about 4.5 million tons in the 2023/2024 crop year. Most of the world’s cocoa beans are grown in Africa; in 2023/2024, about 3.2 million tons of cocoa beans were produced there, while about one 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 14.4 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.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened Chocolate, Excluding Coatings, Cacao Beans was 106.10000 Index Dec 2011=100 in June of 2020, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened Chocolate, Excluding Coatings, Cacao Beans reached a record high of 106.10000 in June of 2020 and a record low of 94.30000 in August of 2013. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened Chocolate, Excluding Coatings, Cacao Beans - last updated from the United States Federal Reserve on March of 2025.

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.

The price of cocoa butter in the United States for 2023 reached 5691 USD/MT. The price of cocoa butter in Germany for 2023 reached 5871 USD/MT.

Explore IMARC’s newly published report, titled “Cocoa Butter Pricing Report 2025: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of cocoa butter pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans was 87.60000 Index Dec 2011=100 in December of 2018, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans reached a record high of 105.30000 in December of 2015 and a record low of 81.10000 in December of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans - last updated from the United States Federal Reserve on March of 2025.

Browse London Cocoa Options (C) market data. Get instant pricing estimates and make batch downloads of binary, CSV, and JSON flat files.

ICE Futures Europe iMpact is the primary data feed for ICE Futures Europe and covers 50% of worldwide crude and refined oil futures trading, as well as other options and futures contracts like natural gas, power, coal, emissions, and soft commodities. This dataset includes all commodities on ICE Futures Europe—all listed outrights, spreads, options, and options combinations across every expiration month. Interest rates and financial products are not included at this time and will be part of a separate dataset.

Asset class: Futures, Options

Origin: Captured at Aurora DC3 with an FPGA-based network card and hardware timestamping. Synchronized to UTC with PTP

Supported data encodings: DBN, CSV, JSON (Learn more)

Supported market data schemas: MBO, MBP-1, MBP-10, TBBO, Trades, OHLCV-1s, OHLCV-1m, OHLCV-1h, OHLCV-1d, Definition, Statistics (Learn more)

Resolution: Immediate publication, nanosecond-resolution timestamps

Graph and download economic data for Producer Price Index by Industry: Chocolate and Confectionery Manufacturing from Cacao: Chocolate Coatings, Made from Cacao Beans (PCU3113513113511) from Dec 2011 to Feb 2025 about chocolate, confectionery, beans, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Global Cocoa Chocolate market size 2025 was XX Million. Cocoa Chocolate Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Report On Cocoa Beans Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Africa) Based On Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. It Also Offers Market Estimates and Forecasts in Terms of Value (USD) and Volume (Metric Tons) for all the Above Segments.

In 2024, the global cocoa butter market increased by 38% to $13B, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2024: its value increased at an average annual rate of +6.3% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +44.4% against 2022 indices.

The Indian cocoa powder market rose notably to $749M in 2024, surging by 7.1% against the previous year. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in years to come.

According to Cognitive Market Research, the global Cacao market size will be USD 13651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.20% 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 5460.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4095.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3139.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 682.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% 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 273.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
The Beans category is the fastest growing segment of the Cacao industry

Market Dynamics of Cacao Market

Key Drivers for Cacao Market

Growth in Chocolate Consumption to Boost Market Growth

Chocolate continues to be one of the most beloved indulgent treats worldwide, with a growing demand for high-quality options, particularly premium and organic varieties, driving cacao consumption. Consumers are increasingly choosing chocolates with higher cocoa content, attracted by their perceived health benefits, including antioxidants and other nutrients. Switzerland leads the world in chocolate consumption per capita, with the average person consuming around 8.8 kg (22 lbs) of chocolate annually. Austria follows closely, with each person consuming about 9 kg (20 lbs) of chocolate per year. The United States ranks among the top 10 chocolate-consuming nations, with an average annual consumption of approximately 4.5 kg per person. The rising popularity of artisanal, craft, and organic chocolates, which demand superior quality cacao, is a growing trend not only in established markets like Europe and North America but also in emerging markets such as Asia and Latin America.

Growing Use of Cacao in Non-Chocolate Products to Drive Market Growth

Cacao's usage is extending beyond traditional chocolate products into a variety of other food segments. In the 2022/2023 cocoa season, approximately 5 million tonnes of cocoa were produced globally. The two largest producers, Côte d'Ivoire and Ghana, together account for 50% of the world's cocoa supply, followed by Ecuador with 9%. In Asia, Indonesia is the leading producer. Cocoa production has been steadily increasing over the last 40 years, with up to 95% of cocoa beans traded on international commodity markets. Cacao is increasingly incorporated into health and wellness products, including protein bars, energy drinks, smoothies, and baked goods. Its potential health benefits, coupled with the growing demand for natural and clean-label ingredients, are driving its broader adoption in the food industry.

Restraint Factor for the Cacao Market

Climate Change and Environmental Impact Will Limit Market Growth

Cacao is a highly climate-sensitive crop. It thrives in tropical regions with specific temperature and rainfall conditions. However, changing climate patterns, such as rising temperatures, altered rainfall patterns, and the increasing frequency of extreme weather events (e.g., droughts, floods, and storms), threaten cacao production. Cacao farming can contribute to deforestation, especially in regions like West Africa and South America, where forests are cleared to make way for new plantations. This not only disrupts biodiversity but also leads to soil degradation, reducing the land's ability to support cacao cultivation in the long term. These environmental issues can impact supply, increase production costs, and affect market stability. Cacao crops are vulnerable to several diseases, including black pod disease, cacao swollen shoot virus (CSSV), and frosty pod rot. These diseases can devastate cacao yields and quality, leading to significant losses for farmers and supply shortages in the market.

Impact of Covid-19 on the Cacao Market

The economic uncertainty caused by the pandemic led to a decline...

For the period between October and December 2023, the price of marketed cocoa in Côte d'Ivoire was measured at 2,731 West African CFA francs (XOF) per kilogram. This corresponded to roughly 4.5 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.

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...

Graph and download economic data for Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Poland (CP0121PLM086NEST) from Jan 1996 to Feb 2025 about tea, cocoa, coffee, Poland, harmonized, CPI, price index, indexes, and price.

The cocoa derivatives market's net worth is predicted to grow from US$ 29.31 billion in 2023 to over US$ 49.59 billion by 2033. The market is expected to register a 5.4% CAGR from 2023 to 2033.

Attributes	Details
Cocoa Derivatives Market Value (2023)	US$ 29.31 billion
Cocoa Derivatives Market Expected Value (2033)	US$ 49.59 billion
Cocoa Derivatives Market Projected CAGR (2023 to 2033)	5.4%

Global Cocoa Derivatives Market Historical Analysis (2018 to 2022) Vs. Forecast Outlook (2023 to 2033)

Historical CAGR	4.80%
Historical Market Value (2022)	US$ 27.81 billion
Forecast CAGR	5.40%

Category-wise Insights

Segment	Product Type
Attributes	Cocoa Beans
Details (CAGR)	7.40%
Market Value	US$ 14.20 billion

Segment	Product Type
Attributes	Cocoa Butter
Details (CAGR)	4.10%
Market Value	US$ 8.66 billion

Scope of Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2023
Market Analysis	US$ billion for Value and MT for Volume
Key Regions Covered	North America Latin America Europe The Middle East and Africa East Asia
Key Countries Covered	United States, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Türkiye
Key Segments Covered	Type Category Application Region
Key Companies Profiled	Olam Group Ltd Indcre SA Cargill Inc Natra SA JB Foods Ltd Ecuakao Group Ltd United Cocoa Processor Inc Barry Callebaut AG Moner Cocoa SA BASF SE Bühler Group Mondelez International, Inc. Nestle S.A. Cocoa Processing Company Limited Cemoi Group The Hershey Company Touton S.A.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Graph and download economic data for Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Denmark (CP0121DKM086NEST) from Jan 1996 to Feb 2025 about tea, cocoa, coffee, Denmark, harmonized, CPI, price index, indexes, and price.