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.

Cocoa trading companies play a vital role in the global chocolate supply chain by buying and selling cocoa beans. This article explores the factors influencing the market, major global players, complexities of trading, and ethical considerations in the industry.

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.

The global cocoa market is set to observe USD 16.6 billion in 2025. The industry is expected to register 4.7% CAGR from 2025 to 2035, reaching USD 26.2 billion by 2035.

Metrics	Values
Industry Size (2025E)	USD 16.6 billion
Industry Value (2035F)	USD 26.2 billion
CAGR (2025 to 2035)	4.7%

Semi-Annual Industry Update

Particular	H1
Year	2024 to 2034
CAGR	4.3%

Particular	H2
Year	2024 to 2034
CAGR	4.9%

Particular	H1
Year	2025 to 2035
CAGR	4.5%

Particular	H2
Year	2025 to 2035
CAGR	5.0%

Country-wise Insights

Country	CAGR (2025 to 2035)
USA	3.9%
Germany	2.8%
China	5.9%
Japan	6.8%
India	5.5%

Competitive Outlook

Company Name	Estimated Industry Share (%)
Barry Callebaut	20-25%
Olam International	15-20%
Cargill Inc.	12-16%
Ecom Agroindustrial Corp.	8-12%
Touton S.A.	6-10%
Other Companies (combined)	25-35%

15375 Global import shipment records of Cocoa with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

In 2023, the balance of trade of cocoa and cocoa preparations in Latin America and the Caribbean registered reached over 1.3 billion U.S. dollars. The cocoa and chocolate market value in Latin America was forecast to attain more than 11 billion U.S. dollars by 2028.

The import volume of chocolate products to Japan amounted to around 29 thousand metric tons in 2023. A decade high in inbound trade was recorded in 2021, boosted by the growing interest in high cocoa chocolate. The value of imports exceeded 43 billion Japanese yen despite the declining shipments on a volume basis, driven by the weak yen. Chocolate trade The Japanese chocolate trade market is characterized by a deficit, as imports exceeded exports by almost five times the amount. Foreign treats are imported mainly from European manufacturing countries that are renowned for their quality products, like Italy and Belgium. Whereas outbound trade of chocolate is destined for major trade partners like Hong Kong, China, and the United States, with the popularity of Japanese chocolate snacks boosted by the appearance of brands like Kit Kat and Pocky in popular culture. Domestic chocolate industry Chocolate is a major segment of the Japanese snack foods industry, with consumers indulging in various forms, flavors, and types of the sweet treat. To cover the high demand among domestic consumers, mass production takes precedence at large manufacturers. The distribution of hand-crafted and bean-to-bar chocolates is limited to small brand stores that are mainly catering to the luxury segment of the market. But the industry has been contemplating its contribution to sustainability goals as environmental, social and corporate governance (ESG) is impacting manufacturing and marketing processes in recent years. While cocoa beans used in Japanese chocolate can be traced back to producing countries like Ghana, Ecuador, and Venezuela, transparency of the supply chains is limited as large companies are gradually taking the first steps to strengthen their relationship with local farmers.

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.

Hershey's large-scale cocoa bean purchase has shaken the market, causing increased volatility and affecting global cocoa trade dynamics.

Discover the top 10 countries by import value of cocoa beans in the global market. Learn about key statistics and market trends in the cocoa bean industry.

4072 Global import shipment records of Cocoa Beans with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

The size of the Cocoa Beans Market was valued at USD 178.9 billion in 2023 and is projected to reach USD 243.46 billion by 2032, with an expected CAGR of 4.5 % during the forecast period. Cocoa beans are the seeds of the cacao tree (Theobroma cacao), native to the tropical regions of Central and South America, and are primarily used in the production of chocolate and cocoa products. The beans are encased in pods that grow directly from the trunk and branches of the cacao tree. Inside these pods, the cocoa beans are surrounded by a sweet, white pulp, which is also edible but is not the main product. To harvest cocoa beans, farmers cut the pods from the tree, split them open, and remove the beans, which are then fermented for several days. This fermentation process is crucial as it develops the beans' flavor and aroma, laying the foundation for the chocolate-making process. After fermentation, the beans are dried, roasted, and winnowed to remove their outer shells, leaving behind the cocoa nibs, which are the essence of chocolate. Cocoa beans contain a complex mixture of compounds, including flavonoids, theobromine, and caffeine, contributing to their unique flavor profile and potential health benefits. The primary product derived from cocoa beans is chocolate, available in various forms such as dark, milk, and white chocolate, each differing in cocoa content and processing methods. Cocoa beans also produce cocoa powder and cocoa butter, which are used in baking, confectionery, and cosmetic products. The cocoa industry has significant economic implications, particularly for farmers in developing countries who rely on cocoa cultivation for their livelihoods. However, the industry faces challenges such as price volatility, climate change, and ethical concerns regarding labor practices. As a result, sustainable and fair-trade practices are gaining importance in cocoa production, ensuring that farmers receive fair compensation while promoting environmentally friendly cultivation methods.

Global Cocoa Value Chain Industry Report Covers A Detailed Supply Chain Analysis and Value Chain Analysis of the Cocoa Bean Industry At A Global Level. A Typical Cocoa Beans Value Chain System Involves the Operation of Five Major Segments: Cocoa Bean Production, Sourcing and Trading, Marketing, Processing, Distribution, and Retailing To the Final Consumers. Stakeholders Across the Value Chain, The Price Margin At Each Stakeholder Level, and Issues Prevalent in the Cocoa Beans Value Chain are Also Provided in the Report.

Togo Exports of cocoa and cocoa preparations was US$17.75 Million during 2023, according to the United Nations COMTRADE database on international trade. Togo Exports of cocoa and cocoa preparations - data, historical chart and statistics - was last updated on March of 2025.

Brazil Exports of cocoa and cocoa preparations to United States was US$84.07 Million during 2024, according to the United Nations COMTRADE database on international trade. Brazil Exports of cocoa and cocoa preparations to United States - data, historical chart and statistics - was last updated on March of 2025.

In 2022, Africa exported approximately 5.7 billion U.S. dollars in cocoa beans. This decreased from a peak of about 7.6 billion U.S. dollars in the previous year, considering the period under review. The continent is the leading producer of cocoa beans worldwide.

This statistic shows the forecast market size of cacao processing worldwide from 2020 to 2027. The global cocoa processing market was valued at about 12.4 billion U.S. dollars in 2020 and is forecast to reach 14.6 billion dollars by 2027.

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.

In 2019, the export of cocoa and cocoa preparations from Côte d'Ivoire (Ivory Coast) amounted to an approximate value of five billion U.S. dollars. This was an increase in value in comparison to the preceding year, when roughly 4.6 billion U.S. dollars of the products were exported. Furthermore, the Netherlands was one of the main trade partners of Côte d'Ivoire in terms of cocoa exports, with a share of nearly 26 percent.

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