Cocoa rose to 8,390.48 USD/T on July 31, 2025, up 2.24% from the previous day. Over the past month, Cocoa's price has fallen 4.01%, but it is still 11.20% 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 July of 2025.

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

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 ***** 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.

The European and Asian cocoa markets struggle with the lowest grinding levels in four years, driven by soaring prices and supply challenges.

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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

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

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.

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

Lindt & Spruengli AG enjoys a 28% rise in shares by passing costs to consumers, while Barry Callebaut AG struggles with a 30% decline amid soaring cocoa prices.

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...

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.

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).

The global cocoa and chocolate market is a dynamic and expansive industry, exhibiting robust growth driven by increasing consumer demand for premium chocolate products, coupled with the expanding applications across diverse sectors. The market's value, estimated at $100 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $140 billion by 2033. This growth is fueled by several key drivers including rising disposable incomes in emerging economies, particularly in Asia-Pacific, leading to increased consumption of confectionery and chocolate-based products. Furthermore, the burgeoning food and beverage industry, with its continuous innovation in chocolate-infused drinks and snacks, provides a significant avenue for market expansion. The health and wellness trend, however, presents both an opportunity and a challenge; the demand for dark chocolate, perceived as healthier due to its higher cocoa content, is rising, while concerns regarding sugar and calorie intake continue to influence consumer choices, necessitating product diversification and reformulation. The market is segmented by application (confectionery, food & beverage, cosmetics, pharmaceuticals) and type (cocoa, chocolate), with confectionery currently dominating market share. Significant regional variations exist, with North America and Europe representing mature markets characterized by high per capita consumption and established brand presence. Conversely, the Asia-Pacific region presents a rapidly developing market, offering substantial growth potential due to its expanding middle class and rising chocolate consumption patterns. Key players like Barry Callebaut, Cargill, Nestlé, Mars, and Hershey dominate the market, engaging in intense competition driven by product innovation, brand building, and strategic acquisitions. However, smaller niche players, particularly artisanal chocolate makers specializing in organic and sustainable products, are also gaining traction, catering to a growing segment of environmentally and health-conscious consumers. Potential restraints include fluctuating cocoa bean prices, sustainability concerns regarding cocoa farming practices, and increasing regulatory scrutiny concerning food additives and labeling.

Explore the impact of rising cocoa prices on Valentine's Day chocolates, affecting global markets and fair trade practices.

The global cocoa and chocolate market is a dynamic and substantial industry, exhibiting robust growth potential over the forecast period (2025-2033). While precise market size figures for 2019-2024 are unavailable, industry reports suggest a sizable market value in 2025 (let's assume $100 billion for illustrative purposes, acknowledging this is an estimation). A Compound Annual Growth Rate (CAGR) of, let's assume, 5% is reasonable considering historical trends and projected consumer demand. This implies a considerable expansion over the forecast period, with significant growth driven by several key factors. Rising disposable incomes in emerging economies are fueling increased consumption of chocolate and cocoa-based products, particularly in Asia and Africa. Furthermore, evolving consumer preferences towards premium, artisanal, and ethically sourced chocolate are creating new market segments and opportunities. Health and wellness trends also play a part, with the increasing availability of dark chocolate and cocoa products marketed for their health benefits influencing market dynamics. However, the industry also faces certain challenges. Fluctuations in cocoa bean prices due to weather patterns and geopolitical factors represent a significant restraint. Sustainability concerns regarding cocoa farming practices and deforestation are increasingly impacting consumer choices and regulatory policies. Competition among established players like Barry Callebaut, Cargill, Nestlé, and Mars, coupled with the rise of smaller, niche brands, necessitates continuous innovation and strategic adaptation. Segment-wise, the market is likely diversified across different product types (e.g., chocolate bars, confectionery, cocoa powder, beverages) and distribution channels. Regional analysis likely reveals strong performance in North America and Europe, alongside rapid growth in developing markets. Successfully navigating these factors will be crucial for companies aiming to capture a significant share of this expanding global market.

The global fine cocoa market is experiencing robust growth, driven by increasing consumer demand for premium chocolate products and a rising preference for high-quality ingredients. The market, estimated at $10 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $14 billion by 2033. This growth is fueled by several key factors, including the expanding e-commerce sector offering convenient access to premium chocolates, the increasing popularity of artisanal and bean-to-bar chocolate, and the growing trend towards gourmet food experiences. The market segmentation reveals a strong preference for truffle and dark chocolate series, reflecting consumer interest in intense flavors and unique textures. While the offline retail channel remains significant, the e-commerce segment is witnessing rapid expansion, driven by the convenience and wider product reach it offers. Geographical analysis suggests that North America and Europe currently hold significant market shares, but emerging economies in Asia Pacific are showing promising growth potential, presenting lucrative opportunities for market expansion. However, challenges remain, such as fluctuating cocoa bean prices and increasing competition among established and emerging players. Despite these challenges, the fine cocoa market presents a compelling investment opportunity. The ongoing premiumization of the chocolate industry, coupled with evolving consumer preferences towards healthier and ethically sourced products, contributes to the sustained growth outlook. Strategic initiatives focusing on innovation in product offerings, expanding distribution networks (particularly in rapidly developing regions), and leveraging effective marketing strategies to highlight the superior quality and unique attributes of fine cocoa will be critical for success in this dynamic market. The competitive landscape includes both established international brands and smaller, artisanal producers, emphasizing the importance of differentiating product offerings and building strong brand identities to capture market share. Furthermore, a focus on sustainable sourcing practices will be crucial in addressing consumer concerns regarding ethical and environmental responsibility.

The global bulk (ordinary) cocoa market is a significant sector within the broader chocolate and confectionery industry, characterized by substantial volume and relatively lower pricing compared to specialty cocoa beans. While precise figures are unavailable, considering the substantial size of the chocolate market and the significant proportion of ordinary cocoa beans used in mass-market products, a reasonable estimate for the 2025 market size would be around $15 billion USD. This market is driven by the ever-increasing global demand for chocolate and cocoa-based products, fueled by rising disposable incomes, particularly in developing economies, and a growing preference for convenient and affordable treats. Key trends include a focus on sustainable sourcing practices, driven by consumer awareness and regulatory pressures, and increasing demand for cocoa powder and liquor from the food processing and beverage industries. However, the market faces challenges such as fluctuating cocoa bean prices, affected by climatic conditions and global supply chain vulnerabilities, as well as increased competition from alternative ingredients and concerns regarding the environmental sustainability of cocoa production. The segment is dominated by large multinational corporations with extensive global supply chains, alongside smaller regional players focused on specific niche markets. Growth in the bulk cocoa market is projected to continue, driven by ongoing demand from the food and beverage sectors. A conservative CAGR estimation, considering market fluctuations and potential supply chain disruptions, would be around 3-4% annually over the forecast period (2025-2033). This growth will be unevenly distributed geographically, with faster expansion anticipated in emerging economies where chocolate consumption is rising rapidly. Major players are constantly adapting to changing consumer preferences and market conditions by investing in efficient processing technologies, sustainable sourcing initiatives, and product diversification to cater to the evolving needs of food manufacturers. The continued focus on ethical sourcing and transparency across the supply chain will significantly influence market dynamics, driving demand for certified sustainable cocoa and potentially impacting pricing strategies. Furthermore, technological advancements in cocoa processing and the development of innovative cocoa-based products are expected to contribute to market growth in the coming years.

The global cocoa and chocolate market, valued at $82.94 billion in 2025, is projected to experience substantial growth over the forecast period (2025-2033). While the precise CAGR is unavailable, considering the consistent demand for chocolate and cocoa products globally and the ongoing expansion of the confectionery industry, a conservative estimate of a 5% CAGR is plausible. This growth is fueled by several key factors. Rising disposable incomes, particularly in developing economies, are driving increased consumption of chocolate and cocoa-based products, moving beyond traditional markets. The increasing popularity of premium chocolate and innovative product formulations, such as organic and fair-trade options, caters to evolving consumer preferences and contributes to market expansion. Furthermore, the burgeoning food and beverage industry's increasing reliance on cocoa and chocolate as flavoring agents in various products significantly contributes to the market's overall growth. However, factors such as price volatility of cocoa beans due to climate change and fluctuating agricultural yields, along with health concerns regarding sugar consumption, pose challenges to sustained market growth. The market's segmentation is likely diverse, encompassing various product types (dark chocolate, milk chocolate, white chocolate, cocoa powder, cocoa butter, etc.), distribution channels (retail, food service, online), and geographical regions. Major players like Barry Callebaut, Cargill, Nestlé, Mars, and Hershey dominate the market, wielding significant influence on production and distribution. Their continuous investments in research and development, aimed at enhancing product quality, developing sustainable sourcing practices, and introducing innovative flavors and product formats, shape market trends. The competitive landscape is intense, with companies continuously striving for innovation and market share. The predicted growth in emerging markets like Asia-Pacific and Africa further signifies the long-term potential of the cocoa and chocolate market, offering promising avenues for expansion and investment.

According to Cognitive Market Research, the global cocoa processing market was USD 15.1 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 1.50% from 2023 to 2030. Rising Number of Health Benefits to Provide Viable Market Output

Chocolate consumption has been on the rise due to its strong source of antioxidants and ability to lower cholesterol levels, reducing the risk of cardiovascular problems. Moreover, the ingestion of chocolate aids in preventing cognitive decline by improving blood flow and reducing blood pressure, ultimately enhancing brain function.

Cargill, Continental Grain Company, and Sanderson Farms, Inc. have announced their definitive agreement for a joint effort between Cargill and Continental Grain to acquire Sanderson Farms.

(Source:www.cargill.com/2021/cargill-and-continental-grain-company-to-acquire-sanderson-farms#:~:text=Our%20Stories-,Cargill%20and%20Continental%20Grain%20Company%20to%20Acquire%20Sanderson%20Farms%20for,a%20Leading%20U.S.%20Poultry%20Company&text=MINNEAPO)

This surge in chocolate consumption has also resulted in a higher need for different types of chocolate products, including dark chocolate, milk chocolate, and white chocolate. Consequently, manufacturers are investing in expanding their production capacity and refining their processing techniques to meet the increasing market demands. Furthermore, installing more chocolate processing equipment will not only meet the rising demand but also contribute to the economic growth of the global chocolate industry.

Improving standard of living and increasing disposable income to drive market growth

Market Dynamics of Cocoa Processing

Availability of Substitutes to Hinder Market Growth

The availability of substitutes presents a significant challenge and restraint for the industry. Cocoa is a primary ingredient in various food and beverage products, including chocolates, confectioneries, and beverages. However, the rising demand for healthier alternatives and changing consumer preferences have led to the developing and promotion of substitutes for cocoa-based products. Carob, for example, is often used as a cocoa substitute due to its similar appearance and flavor profile. Additionally, manufacturers are exploring other ingredients, such as cacao alternatives and synthetic flavors, to replicate the taste of cocoa. These substitutes cater to health-conscious consumers, those with dietary restrictions, and individuals looking to reduce their sugar and fat intake. Therefore, the availability of cocoa substitutes creates competition for the traditional cocoa industry, forcing companies to innovate and adapt their products to meet changing consumer preferences and manage their businesses.

Impact of COVID–19 on the Cocoa Processing Market

The cocoa processing market has been adversely affected by the COVID-19 pandemic. Since the onset of the global health crisis, there has been a decrease in demand for cocoa products, resulting in a reduced need for cocoa beans, the primary ingredient in these products. Due to this decline in cocoa demand, coffee prices have dropped, leading to decreased margins for cocoa processing. Furthermore, the pandemic has forced the closure or reduction of operations for numerous cocoa processing facilities, as governments worldwide have implemented lockdowns and social distancing measures. As a result, there has been a shortage in cocoa processing capacity, making it challenging for manufacturers to meet the demand for cocoa products. Introduction of Cocoa Processing

Cocoa processing is the method of transforming cocoa beans into a variety of products, including cocoa butter, cocoa powder, and chocolate. It involves several steps: sorting, roasting, winnowing, grinding, refining, and conching. The rising cocoa consumption leads to increased product adoption across the food and beverage industry. Additionally, cocoa powder is also widely used in preparing numerous food items, such as hot chocolate drinks, cakes, and other baked goods, which is acting as a growth-inducing factor.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the cocoa processing industry.

For instance, Cargill has made a deal to purchase Aalst Chocolate Pte. Ltd., a top-notch chocolate manufacturer based in Singapore. Once it receives regulatory approval and meets closin...