Cocoa rose to 8,275.30 USD/T on July 14, 2025, up 1.20% from the previous day. Over the past month, Cocoa's price has fallen 18.06%, and is down 3.20% 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 July of 2025.

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

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

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.

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 July of 2025.

The Industrial Chocolate Production industry has experienced growth, despite volatility from fluctuating cocoa prices. The industry's production, which includes processed cocoa beans to manufacture cocoa products, including cocoa powder, liquor and butter, is largely destined for chocolate confectionery producers, although bakers and dairy beverage producers also buy cocoa products to infuse into their foods. In recent years, fluctuations in cocoa prices have been offset by improving disposable incomes and greater demand for premium chocolate goods. Despite an added emphasis on health consciousness by American consumers, overall industry revenue has been increasing at a CAGR of 8.7% over the past five years and is expected to reach $3.4 billion in 2024, including a 34.0% revenue boost in 2024 alone. Revenue for producers corresponds with demand for chocolate and the price of cocoa beans. High demand for chocolate raises the selling price of cocoa beans and products, especially when supply is limited. This allows industrial chocolate producers to charge higher prices for products. Conversely, weak demand and falling cocoa prices devalue inventory, forcing losses on operators. Cocoa prices fluctuated wildly in recent years, which has ultimately made it difficult for producers to optimally price goods, even as overall selling prices have risen slightly in recent years. As a result, profit only marginally increased over the past five years. Market conditions are expected to be more stable moving forward, although a projected decline in cocoa prices will hurt selling prices for industrial chocolate producers. According to current projections, the world price of cocoa will decline moving forward. This will outweigh new opportunities for small companies, which will enter the industry to meet demand from health-conscious and environmentally friendly consumers who seek to purchase organic, sustainably sourced cocoa that demands premium prices. Consequently, industry revenue is forecast to contract at a CAGR of 1.1% over the five years to 2029 to $3.2 billion in 2029.

The industry has experienced significant growth in recent years, propelled by changing consumer preferences and innovative product developments. The sector has remained popular despite challenges like fluctuating cocoa prices and ever-growing health consciousness. Companies have adapted by introducing new flavors, healthier options and sustainable practices, appealing to a broader audience. This adaptability has kept consumer interest alive and expanded market reach, ensuring the chocolate production industry remains a crucial contributor to the US economy. Still, industry-wide revenue is projected to shrink at a CAGR of 1.0% over the five years through 2025. In the current year, revenue is expected to dip by an estimated 1.4% to a total of $22.0 billion. Several trends have influenced the industry's performance in recent years. The rising demand for dark and organic chocolate reflects a shift towards healthier eating, with consumers seeking products that offer nutritional benefits without compromising taste. A strong emphasis on sustainability and ethical sourcing has become essential, with more brands adopting fair trade practices and eco-friendly packaging. Technological advancements have also enhanced production efficiency and ensured consistent quality. Also, e-commerce has reshaped sales channels, with online shopping and direct-to-consumer models becoming increasingly popular, especially during the COVID-19 pandemic. Looking forward, the chocolate production industry is set for continued growth and transformation, with revenue forecast to expand at a CAGR of 1.0% over the five years to 2030 to a total of $23.2 billion. The trend towards health-conscious consumption is expected to persist, driving demand for innovative products that blend indulgence with nutritional benefits. Sustainability will remain a key focus, with companies likely to invest in ethical sourcing and environmentally friendly practices. Technological innovations will continue to improve production capabilities and supply chain efficiency. Expanding e-commerce and digital marketing will attract new customers and foster brand loyalty. The US chocolate production industry is poised to thrive, adapting to changing consumer preferences and market dynamics.

The North America Cocoa Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 843.7 Kilo Tonnes, showcasing a growth of 4.6% (2019-2022). The confectionery industry remains the primary adopter of cocoa,

United States Imports from Colombia of Cocoa and cocoa preparations was US$69.42 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Colombia of Cocoa and cocoa preparations - data, historical chart and statistics - was last updated on July of 2025.

Get the latest insights on price movement and trend analysis of Cocoa in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The statistic shows the import value of cocoa and cocoa preparations of the United States from 2012 to 2024. In 2024, the U.S. import of cocoa and cocoa products amounted to about *** billion U.S. dollars.

President Trump's tariffs on cocoa-producing countries are altering the global chocolate industry, benefiting European companies over US ones.

Graph and download economic data for Producer Price Index by Industry: Chocolate and Confectionery Manufacturing from Cacao: Other Chocolate and Cocoa Products, Made from Cacao Beans (PCU3113513113517) from Dec 2011 to May 2025 about chocolate, cocoa, confectionery, beans, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

North America Cocoa Beans market size is USD 5525.68 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

In February 2025, the average cocoa bean import price amounted to $9,777 per ton, growing by 15% against the previous month.

Mexico Exports of cocoa beans (whole or broken) to United States was US$149.53 Thousand during 2024, according to the United Nations COMTRADE database on international trade. Mexico Exports of cocoa beans (whole or broken) to United States - data, historical chart and statistics - was last updated on July of 2025.

United States Imports from Mexico of Cocoa and cocoa preparations was US$725 Million during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Mexico of Cocoa and cocoa preparations - data, historical chart and statistics - was last updated on June 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.

Discover the projected growth of the cocoa market in the United States, driven by increasing demand for chocolate and other cocoa-based food products. Market performance is expected to steadily increase over the next decade, with a forecasted CAGR of +0.8% from 2024 to 2035. By the end of 2035, the market volume is expected to reach 832K tons, with a market value of $2.8B.