Cocoa rose to 10,208.10 USD/T on June 9, 2025, up 0.34% from the previous day. Over the past month, Cocoa's price has risen 9.29%, and is up 7.62% 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 June of 2025.

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.

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

Nigeria Commodity Price: Cocoa data was reported at 3,625.540 USD/Ton in Sep 2023. This records an increase from the previous number of 3,444.000 USD/Ton for Aug 2023. Nigeria Commodity Price: Cocoa data is updated monthly, averaging 2,519.660 USD/Ton from Jan 2009 (Median) to Sep 2023, with 177 observations. The data reached an all-time high of 3,625.540 USD/Ton in Sep 2023 and a record low of 178.930 USD/Ton in Jan 2011. Nigeria Commodity Price: Cocoa data remains active status in CEIC and is reported by Central Bank of Nigeria. The data is categorized under Global Database’s Nigeria – Table NG.P001: Commodity Prices.

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.

Understanding the factors that influence the price of cocoa beans including supply and demand dynamics, weather conditions, production costs, and market speculation. Insights into fluctuations in cocoa bean prices can help chocolate manufacturers, traders, and investors make informed decisions and manage potential risks in the market.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Chocolate/Chocolate-Type Confectionery Products, Cacao Beans (WPU025503011) from Dec 2011 to Apr 2025 about chocolate, confectionery, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

Cocoa prices in , March, 2025 For that commodity indicator, we provide data from January 1960 to March 2025. The average value during that period was 1.87 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

Ghana Commodity Price: Cocoa LIFFE data was reported at 1,805.800 GBP/Tonne in Apr 2018. This records an increase from the previous number of 1,756.570 GBP/Tonne for Mar 2018. Ghana Commodity Price: Cocoa LIFFE data is updated monthly, averaging 1,569.320 GBP/Tonne from Dec 2003 (Median) to Apr 2018, with 173 observations. The data reached an all-time high of 2,419.860 GBP/Tonne in Jul 2016 and a record low of 774.800 GBP/Tonne in Jun 2004. Ghana Commodity Price: Cocoa LIFFE data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P001: Commodity Price.

As of June 2024, cocoa in Brazil was traded at an average price of 807.4 Brazilian reals per 14.7 kilograms (one arroba*), a significant increase of over 270 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 220 thousand metric tons in crop year 2022/2023.

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 June of 2025.

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.

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).

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 increasing popularity of chocolate-flavored beverages. This trend is particularly prominent in emerging economies, where consumers' disposable income is on the rise, leading to a growing demand for indulgent food and beverage products. However, market expansion is not without challenges. Volatility in the prices of cocoa beans, influenced by weather conditions and supply chain inconsistencies, poses a significant risk to market growth. Furthermore, regulatory hurdles impact adoption, with stricter regulations on the use of cocoa in food and beverage products in various regions. To capitalize on market opportunities and navigate challenges effectively, companies must focus on supply chain optimization, exploring alternative sources for cocoa beans, and investing in research and development to create innovative, sustainable, and cost-effective cocoa-based products.
By addressing these challenges and leveraging market trends, players in the market can seize opportunities for growth and maintain a competitive edge.

What will be the Size of the Cocoa Beans Market during the forecast period?

Request Free Sample

The market encompasses various segments, including cocoa bean farming, agronomy, harvesting, baking, confectionery, organic, shade-grown, and agroforestry. Cocoa bean antioxidants and flavonoids have gained significant attention due to their health benefits, driving research and development in the industry. Sustainable cocoa bean farming practices, such as agroforestry, are increasingly adopted to ensure long-term productivity and environmental sustainability. The organic segment continues to grow as consumers demand healthier and ethically sourced products. Cocoa bean cultivation techniques and conferences serve to exchange knowledge and innovations, fostering market competitiveness.
The baking sector utilizes cocoa beans to create a wide range of delectable treats, while confectionery companies incorporate them into their premium chocolate products. Overall, the market exhibits dynamic trends and continuous evolution, catering to diverse consumer preferences and industry demands.

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.

Application

  Confectionery
  Functional food and beverage
  Cosmetics
  Others


Product

  Cocoa butter
  Cocoa powder
  Cocoa beverages
  Others


Type

  Forastero
  Trinitario
  Criollo
  Forastero
  Trinitario
  Criollo


Nature

  Organic
  Conventional
  Organic
  Conventional


Sale Channel

  B2B
  B2C
  B2B
  B2C


Geography

  North America

    US
    Canada


  Europe

    Belgium
    France
    Germany
    Italy
    The Netherlands


  APAC

    China
    India
    Indonesia


  Rest of World (ROW)

By Application Insights

The confectionery segment is estimated to witness significant growth during the forecast period.

The market experiences continuous growth due to the increasing demand for cocoa-based chocolate and confectionery products, particularly low-fat alkalized or natural cocoa powders in items like toffee, hard candy, boiled sweets, marshmallows, count lines, and fondants. This trend is driven by consumers' preference for healthier options. Companies such as Mars and Nestle are innovating by launching products with high cocoa mass, enhancing chocolate liquor flavor. For instance, Prodigy Snacks Ltd, a UK confectionery firm, introduced Phenomenoms, a new chocolate biscuit range in two flavors on May 30, 2022. Cocoa bean processing involves several stages, including fermentation, drying, grinding, and packaging, which must adhere to sustainability and certification standards.

Regulations, labor concerns, and technology advancements impact the market dynamics. Cocoa bean storage, acquisitions, and logistics are crucial for maintaining quality and efficiency. Pests, diseases, and counterfeiting pose challenges, while research and breeding efforts aim to increase yield and improve flavor. The market is competitive, with various alternatives and deforestation concerns. Cocoa bean trading, automation, and genetics also influence production and pricing.

Request Free Sample

The Confectionery segment was valued at USD 5.14 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape th

As of 2021, the price of cocoa in Ghana was projected at 2.4 U.S. dollars per kilogram. This price was forecast to reach 2.5 U.S. dollars per kilogram between 2022 and 2024. However, in 2025, it is expected that 2.6 U.S. dollars would be paid for every kilogram of cocoa purchased from Ghana. The country is a leading producer of cocoa worldwide.

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.

Cocoa prices have dropped significantly due to demand concerns and market challenges, affecting the chocolate industry.

Learn about the factors that influence the price of cocoa beans per kg, including supply and demand dynamics, market conditions, and global cocoa market indicators. Explore the impact of factors such as weather conditions, political instability, and consumer demand on cocoa bean prices. Discover the role of futures contracts in determining cocoa prices and understand the importance of considering the entire cocoa supply chain. Find out the current average price of cocoa beans and the significance of certifi

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.

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.

Impact of Covid-19 on the Cocoa Beans Market

The Covid-19 pandemic has had a significant impact on the generators market, both positively and negatively. On one hand, the pandemic has spurred increased demand for generators, particularly in sectors such as healthcare, telecommunications, and data centers, where uninterrupted power supply is critical for maintaining essential services and supporting remote work infrastructure. Additionally, the pandemic has highlighted the importance of backup power solutions in ensuring business continuity and resilience against unforeseen disruptions. On the other hand, the economic downturn resulting from the ...

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.