The Europe cocoa market reached a value of USD 9.40 Billion in 2024, with growth expected over the forecast period driven by rising demand and evolving consumer preferences.

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.

In Europe Cocoa Market, The primary driver of the cocoa market is the increasing demand for chocolate, which is the leading end-use product of cocoa.

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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

Europe Cocoa Beans market size is USD 4144.26 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

According to the Cognitive Market Research Report, the Cocoa and Chocolate Market size in 2023 was XX Million and is projected to have a compounded annual growth rate of XX% from 2024 to 2033. The key driver of this market is health benefits offered by cocoa and chocolates and the key opportunity is reaching out to untapped emerging economies. In 2023, filled chocolates held the biggest market share. The increased popularity of filled chocolates such as truffles and bonbons indicates that customers are seeking a novel way to enjoy their favourite indulgence making it a dominant chocolate type than others. In 2023, butter held the biggest market share. The increased usage of cocoa butter in the cosmetic sector for the creation of skincare and food items, together with a rising desire for natural cosmetics among key consumers, is expected to increase demand for cocoa butter. Europe dominates the global market, accounting for USD XX billion in 2023. Many of the world's main industrial chocolate makers are headquartered in Europe, including Belgium, the Netherlands, Germany, and Switzerland. The region is a major producer and consumer of chocolate and related items. The European cocoa market is quite diversified, with European purchasers sourcing cocoa beans of varying quality and origins to fulfill the demands of the cocoa and chocolate sectors. The competitive landscape analysis of the Cocoa and Chocolate market is primarily concerned with expanding the global growth of the cocoa and chocolate industries through new product innovation, business expansion, and the growing presence of a variety of manufacturers operating in the cocoa and chocolate sectors, which has resulted in increased market demand.

Market Dynamics of Cocoa And Chocolate Industry

Key Driver of Cocoa And Chocolate Market

Health benefits offered by cocoa and chocolates drive the market growth.

Chocolate is a product made with cocoa as a main component. Cocoa contains many polyphenols, particularly flavonoids, which have a high antioxidant activity. According to reports, cocoa contains around 6 - 8% polyphenols by dry weight. The flavonoids are responsible for the health advantages of cocoa and chocolate. Moreover, Cocoa has more flavonoids than tea or red wine. A high concentration of flavonoids boosts advantages in a variety of health-related conditions, including heart disease, cancer, stroke, insulin-dependent disorders, vascular diseases, and many more. Cocoa beans, particularly cocoa powders, are high in flavonoids, a kind of polyphenol that exists naturally. Many studies show that eating foods high in flavonoids or antioxidants reduces the incidence of cardiovascular diseases. Several studies show that consuming cocoa products is helpful to cardiovascular health. Cocoa's high polyphenol content gives it a broad range of disease prevention and health advantages. Aside from cardiovascular disease, cocoa is effective against a variety of other ailments like diabetes, and inflammatory illnesses. On the other hand, intake of chocolate improves blood flow and reduces blood pressure. It also boosts HDL and shields LDL from oxidation. Chocolate consumption may reduce the risk of heart disease and stroke, as well as improve cognitive performance. However, further study is needed, and chocolate may have some detrimental health consequences. Regular intake of PS and CF chocolate bars as part of a low-fat diet may benefit cardiovascular health by decreasing cholesterol and improving blood pressure. Harvard Medical School researchers hypothesized that drinking two cups of hot chocolate per day might help maintain brain health and slow memory impairment in the elderly. The researchers discovered that hot chocolate improved blood flow to critical brain areas. For instance, THEO Chocolate Sea Salt Organic Dark Chocolate Bar is one brand that provides health benefits. With 70% cacao, people can enjoy the delightful sea salt flavour while benefiting from the healthful antioxidants. The brand is also available in delightful flavours such as citrus and caramel bars. (Source: https://www.prevention.com/food-nutrition/healthy-eating/g25728973/healthy-chocolate-bars-snacks/#:~:text=THEO%20Chocolate%20Sea%20Salt%20Organic%20Dark%20Chocolate%20Bar,-%2449%20at%20Amazon&text=Clocking%20in%20at%2070%25%20cacao,like%20citrus%20and%20caramel%20bars.)

Rising culture of ...

In 2022, Côte d'Ivoire was by far the largest supplier of cocoa beans to Europe, accounting for over 50 percent of the total market. Ghana also made up a significant share of the cocoa bean market in Europe, at about 15 percent.

The Chocolate Market in Europe size was valued at USD 47.89 Million in 2023 and is projected to reach USD 61.42 Million by 2032, exhibiting a CAGR of 4.20 % during the forecasts periods. The European chocolate market includes a wide range of chocolate products, including bars, candies, truffles and specialty chocolate, which are marketed in several countries of the continent. This market is characterized by a variety of products to suit the different tastes and preferences of consumers, including milk, dark and white chocolates, as well as premium and artisanal. Europe is known for its rich chocolate heritage, with several countries such as Switzerland, Belgium and France historically important producers and innovators in the chocolate industry. The market has shown significant growth, fueled by, among other things, the growing demand for high-quality and ethically produced chocolates, increasing interest in healthier alternatives with less sugar and added functional ingredients, and the continuous introduction of new and exotic flavors. the market includes a wide range of chocolate products, including bars, candies, truffles and specialty chocolate, which are distributed to several countries of the continent. This market is characterized by a diverse product offer that meets the different tastes and preferences of consumers, including milk, dark and white chocolates, as well as high-quality and artisan chocolates. Europe is known for its rich chocolate heritage, with several countries such as Switzerland, Belgium and France historically important producers and innovators in the chocolate industry. The market has shown significant growth, driven by factors such as increasing demand for high-quality and ethically produced chocolates, increasing interest in healthier options with less sugar and added functional ingredients, and the continued introduction of new and exotic flavors. Recent developments include: March 2023: Whitakers Chocolates unveiled its investment in enhancing its printing process and flow wrapping capabilities as it expands its chocolate production focused on private label ranges. The company’s launch product is a 90-gram flow wrap square pack of dark chocolate Fondant Creams.February 2023: Barry Callebaut AG launched plant-based chocolate in Cologne, Germany. The new chocolate is part of a wider portfolio of ‘Plant Craft’ products ranging from chocolate, cocoa, nuts, and fillings to decorations.January 2023: Ritter Sport launched a Travel Retail Edition Vegan Tower 5x 100g set globally, offering three varieties of non-dairy chocolate in a five-pack. The travel edition assortment flavors are Smooth Chocolate and new Roasted Peanut and Salted Caramel, which were introduced in domestic markets in January 2023.. Key drivers for this market are: Escalating Demand for Processed Poultry Products, Favorable Government Initiatives to Boost Production. Potential restraints include: Rising Vegan Trend among Young Consumers, Deeper Penetration of Red Meat Across Saudi Arabia. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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

European Sugar Confectionery Containing Cocoa Market Size Value by Country, 2023 Discover more data with ReportLinker!

Europe has a robust chocolate and confectionary manufacturing sector owing to European consumers’ appetite for sweet treats. Europe is the world's leading producer and consumer of chocolate. The continent was responsible for 56% of the world’s cocoa beans in 2021 and accounted for 76% of worldwide chocolate sales. Notably, renowned chocolate manufacturers from Belgium and Switzerland contribute significantly to this high export rate. Germany also leads in per-capita chocolate consumption, consuming an average of 11kg of chocolate per capita annually. Consequently, the huge demand for chocolate within and outside Europe creates a profitable market for European manufacturers. While nominal sales of chocolate and sweets have grown in recent years, in real terms, industry revenue is estimated to fall at a compound annual rate of 2.9% over the five years through 2024, reaching €71.1 billion owing to the massive wave of inflation. The chocolate and confectionery industry faces challenges due to increasing sugar and cocoa prices. These rising costs have compelled European manufacturers to raise their selling prices. Although consumers continued to buy chocolate and sweets despite the price hikes, the growing cost of living threatens to reduce consumption. Statistics show that EU sugar prices alone rose by 80% in the year through June 2023, sparking attempts to minimise sugar usage in chocolate products. Industry revenue is projected to sink by 3.5% in 2024. Confectionary manufacturers are set to implement healthier solutions and pursue more sustainable practices. An increased health awareness among European consumers threatens the consumption of sugary products like chocolate. However, it could also present an opportunity for healthier alternatives like dark chocolate, which contains less sugar. Ethical sourcing and sustainability are becoming more popular as consumers increasingly demand information about their chocolate's origin and production process. As a result, European chocolate manufacturers are keen on sourcing cocoa from sustainable farms and promoting transparency in their supply chains. Overall, industry revenue is forecast to grow at a compound annual rate of 2.1% over the five years through 2029 to reach €78.9 billion.

The Europe Premium Chocolate Market report segments the industry into By Product Type (Dark Premium Chocolate, White/ Milk Premium Chocolates), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels), and Europe (United Kingdom, France, Germany, Italy, Spain, Russia, Switzerland, Rest of Europe).

The global cacao market is a dynamic and expanding sector, projected to experience significant growth over the coming years. While precise figures for market size and CAGR are not provided, industry analyses suggest a substantial market value, possibly exceeding $10 billion in 2025, given the scale of companies involved and the widespread consumption of chocolate and cocoa products globally. The market's growth is driven by several key factors: increasing consumer demand for chocolate confectionery and cocoa-based beverages in both developed and emerging economies; rising disposable incomes, particularly in Asia-Pacific regions; and the expanding applications of cacao in various food and beverage products, including health and wellness segments. Further fueling growth are ongoing innovations in cacao processing, leading to new product formats and improved taste and texture. However, the market also faces challenges, such as price volatility in raw cacao beans due to climate change and supply chain disruptions, as well as increasing competition among major players. The market segmentation by application (business, family, other) and type (particles, powder) reflects the diverse utilization of cacao products across various sectors. The significant presence of major players like Archer Daniels Midland, Barry Callebaut, and Cargill points to a highly competitive landscape, where strategic partnerships, product diversification, and efficient supply chain management are crucial for success. The regional distribution of the cacao market is geographically diverse, with North America and Europe currently holding substantial market shares, driven by high per capita chocolate consumption. However, the Asia-Pacific region shows immense growth potential due to its rapidly expanding middle class and increasing chocolate consumption. South America, being a major producer of cacao beans, also holds a significant position within the global market. Future growth will hinge on effective management of supply chain sustainability, ethical sourcing practices to address consumer concerns about deforestation and labor standards, and the development of innovative, healthier cacao-based products. Further research and development to improve crop yields and resilience to climate change will also be critical to supporting the long-term stability and growth of the cacao industry.

Europe Chocolate Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.33% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 117.38 Billion by the end of 2033, up from USD 80.15 Billion in 2024.

The Europe Chocolate market size to cross USD 117.38 Billion by 2033. [https://edison.valuemarket

European Union Imports of cocoa and cocoa preparations from Peru was US$330.83 Million during 2024, according to the United Nations COMTRADE database on international trade. European Union Imports of cocoa and cocoa preparations from Peru - data, historical chart and statistics - was last updated on August of 2025.

European Craft Chocolate Market accounted for approximately 30% of the global revenue. Europe emerges as the fastest-growing region in the Craft Chocolate Market, exhibiting a compelling market size of $3.99 billion and an impressive Compound Annual Growth Rate (CAGR) of 8.9%.

The report covers Europe Compound Chocolate Market Analysis and it is segmented by Flavor (Dark and Milk/White), Form (Chocolate Chips/Drops/Chunks, Chocolate Slab, Chocolate Coatings, and Other Forms), Application (Bakery, Confectionery, Ice Cream, and Frozen Desserts, Beverages, Cereals, and Other Applications), and Geography (Germany, United Kingdom, France, Russia, Italy, Spain, and Rest of Europe).

The global bulk (ordinary) cocoa market is a substantial industry, exhibiting consistent growth driven by several key factors. While precise market size figures for 2025 are not provided, considering the presence of major players like Barry Callebaut, Cargill, and Nestle, and a typical CAGR in the food ingredient sector of around 5-7%, we can reasonably estimate the 2025 market value to be in the range of $8-10 billion USD. This growth is primarily fueled by increasing global chocolate consumption, particularly in emerging economies with burgeoning middle classes. The rising demand for confectionery products and cocoa-based beverages further contributes to the market's expansion. Furthermore, the growing popularity of artisanal chocolate and the increasing awareness of cocoa's health benefits, such as its antioxidant properties, are creating additional avenues for growth. However, fluctuating cocoa bean prices due to climatic conditions and political instability in producing regions pose a significant challenge. Sustainability concerns, including deforestation and fair-trade practices, are also influencing consumer preferences and prompting companies to adopt more responsible sourcing strategies. These factors are shaping the market's trajectory and driving innovation in cocoa processing and product development. The forecast period (2025-2033) promises continued growth, with a projected CAGR aligning with industry averages. We estimate a steady increase in market value, reaching approximately $12-15 billion by 2033, assuming consistent demand growth and relatively stable cocoa bean prices. Market segmentation is likely based on cocoa type (e.g., Forastero, Criollo), processing method, and end-use applications (confectionery, beverages, baking). Competition is intense amongst established players, with smaller companies vying for market share through innovative product offerings and niche market penetration. Regional variations exist, with North America and Europe likely dominating market share due to high chocolate consumption, but growth is anticipated in Asia-Pacific and Latin America fueled by rising incomes and changing dietary habits. This complex interplay of factors ensures a dynamic and evolving landscape for the bulk (ordinary) cocoa market.

Discover the projected growth of the chocolate and cocoa market in the European Union, with an expected increase in consumption and market performance. By 2035, the market volume is forecasted to reach 5.8M tons, with a value of $43.8B.

The global cocoa beans grindings market is experiencing robust growth, driven by increasing chocolate consumption, particularly in developing economies. The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors, including rising disposable incomes, changing consumer preferences towards premium chocolate products, and the expanding use of cocoa beans in various food and beverage applications beyond traditional chocolate. The organic cocoa beans grindings segment is anticipated to witness faster growth than its inorganic counterpart, driven by escalating health consciousness and consumer demand for natural and sustainable products. Key applications, such as cocoa powder, cocoa butter, and cocoa liquor, are expected to contribute significantly to overall market expansion, with cocoa powder maintaining its dominant position due to its widespread use in confectionery and bakery products. Geographic expansion is also playing a significant role, with Asia-Pacific emerging as a high-growth region due to increasing chocolate consumption in countries like China and India. However, factors like fluctuating cocoa bean prices, climate change impacting cocoa bean production, and increasing competition from alternative confectionery options represent potential restraints on market growth. The major players in this market, including Barry Callebaut, Cargill, Nestlé, and Mars, are focusing on strategic partnerships, acquisitions, and product innovation to enhance their market share and cater to the evolving consumer preferences. These companies are investing heavily in research and development to improve the sustainability of cocoa bean sourcing and to develop new products with enhanced flavor profiles and health benefits. Furthermore, the industry is witnessing a growing trend towards fair trade and ethically sourced cocoa beans, which is pushing companies to adopt sustainable and transparent sourcing practices. The competitive landscape is marked by both large multinational corporations and smaller specialized companies, leading to significant innovation and a diverse range of products available to consumers. The forecast period will see continued market consolidation and a focus on premiumization, with higher-value cocoa bean grindings commanding premium prices.