Cocoa fell to 7,927.60 USD/T on August 20, 2025, down 1.05% from the previous day. Over the past month, Cocoa's price has fallen 2.80%, and is down 17.35% 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 August of 2025.

The cocoa market is projected to grow from USD 16.6 billion in 2025 to USD 26.2 billion by 2035, registering a CAGR of 4.7% during the forecast period.

Metrics	Values
Industry Size 2025	USD 16.6 billion
Industry Value 2035	USD 26.2 billion
CAGR 2025 to 2035	4.7%

Semi-Annual Industry Update

Particular	Value CAGR
H1 (2024 to 2034)	4.3%
H2 (2024 to 2034)	4.9%
H1 (2025 to 2035)	4.5%
H2 (2025 to 2035)	5.0%

Country-wise Insights

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

The global cocoa market size reached around 25.48 Billion in 2024. The market growth can be attributed to the robust growth of the e-commerce sector, rising demand for cocoa-based products, increasing focus on sustainability, and technological advancements and innovations.

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...

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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

The global organic cocoa market is estimated to be worth USD 10.31 billion in 2025 and is projected to grow at a CAGR of 4.1%, reaching USD 15.40 billion by 2035.

Attributes	Description
Estimated Global Organic Cocoa Market Size (2025E)	USD 10.31 billion
Projected Global Organic Cocoa Market Value (2035F)	USD 15.40 billion
Value-based CAGR (2025 to 2035)	4.1%

Market Segmentation

Attributes	Details
Top Form	Cocoa Powder
Market Share in 2025	35%

Attributes	Details
Top End Use Application	Bakery and Confectionery
Market Share in 2025	36%

Country-wise Insights

Countries	CAGR
India	6.8%
Germany	4.6%
The United States	5.6%
Japan	6.4%
Thailand	6%

Cocoa and Chocolate Market projected to exceed USD 69.1 billion by 2030, growing at a CAGR of 4.6%.

The Cocoa Value Chain Market report provides an overview of key industry trends. Get five years of historical data alongside five-year market forecasts.

Global Organic Cocoa market size 2021 was recorded $8708.16 Million whereas by the end of 2025 it will reach $10320.4 Million. According to the author, by 2033 Organic Cocoa market size will become $14495.6. Organic Cocoa market will be growing at a CAGR of 4.338% during 2025 to 2033.

Cocoa Powder Market Outlook

The global cocoa powder market size was valued at USD 3.5 billion in 2023 and is expected to reach USD 5.8 billion by 2032, growing at a CAGR of 5.5% from 2024 to 2032. This robust growth is attributed to increasing consumer preference for chocolate-flavored products, rising awareness about the health benefits of cocoa, and expanding application areas in the food and beverage industry.

The cocoa powder market is witnessing significant growth due to a surge in consumer demand for chocolate and cocoa-based products. Consumers are increasingly opting for premium and innovative chocolate products, which has necessitated the demand for high-quality cocoa powder. Moreover, the rising health consciousness among consumers and the increasing popularity of dark chocolate, known for its antioxidant properties and less sugar content, are driving the market's expansion. Additionally, the trend of clean-label products and the preference for natural and organic ingredients are further propelling the growth of the cocoa powder market.

Another critical growth driver is the robust expansion of the food and beverage industry globally. The bakery and confectionery sectors, in particular, are significant consumers of cocoa powder, utilizing it as a key ingredient in a wide range of products from cakes and cookies to chocolates and pastries. The increasing urbanization and changing lifestyle patterns, leading to higher consumption of ready-to-eat and convenience foods, are fueling the demand for cocoa powder. Furthermore, the beverage industry is also experiencing a surge in demand for cocoa powder for manufacturing cocoa-based drinks and flavored milk products.

Technological advancements and innovations in the cocoa processing techniques are also contributing to the market's growth. Improved processing methods enhance the quality and flavor of the cocoa powder, making it more suitable for various applications. Innovations in packaging and the development of more efficient supply chains are also playing a pivotal role in expanding the market reach of cocoa powder. The increasing investments in research and development activities to introduce new cocoa powder variants and improve the existing ones are further accelerating the market growth.

The increasing demand for cocoa powder has also influenced the Cocoa Machine Sales market significantly. As more manufacturers strive to meet the rising consumer demand for chocolate and cocoa-based products, the need for efficient and high-capacity cocoa processing machines has surged. These machines play a crucial role in ensuring the quality and consistency of cocoa powder, which is essential for maintaining the standards expected by both consumers and industry players. Furthermore, advancements in cocoa processing technology have led to the development of more sophisticated machines that enhance production efficiency and reduce operational costs. As a result, the cocoa machine sales market is poised for growth, driven by the expanding cocoa powder industry and the continuous innovation in processing techniques.

Regionally, the cocoa powder market exhibits varied growth patterns. North America and Europe are the leading regions in terms of market share, driven by the high consumption of chocolate products and the presence of established food and beverage industries. The Asia Pacific region is anticipated to witness the fastest growth during the forecast period, owing to the rising disposable incomes, changing dietary habits, and increasing popularity of Western confectionery products. Latin America, being a major producer of cocoa beans, is also expected to see substantial growth in the cocoa powder market.

Product Type Analysis

The cocoa powder market is segmented by product type into Natural Cocoa Powder, Dutch-Processed Cocoa Powder, and Black Cocoa Powder. Natural Cocoa Powder, which retains the natural acidity of the cocoa beans, is widely used due to its rich flavor and health benefits. It is preferred in recipes that require a strong chocolate flavor and is often used in baking and cooking. The rising trend of health-conscious eating has also bolstered the demand for natural cocoa powder, as it is perceived to be less processed and more nutritious than its counterparts.

Dutch-Processed Cocoa Powder, also known as alkalized cocoa powder, has been treated with an alkalizing agent to neutralize its acidity. This process gives it a milder fla

Cocoa Market is estimated to be valued at US$ 19.59 0 Bn by 2032 and is expected to expand at CAGR of 4.9%, reaching US$ 14.01 .00 Bn in 2025.

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.

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

The cocoa derivatives market is estimated to be worth USD 25.23 billion in 2025 and is projected to reach USD 72.96 billion by 2035, expanding at a CAGR of 11.2% over the forecast period. The industry is on an upward trajectory due to the rise in demand for cocoa-based ingredients in various sectors including food, drinks, and cosmetics.

Metrics	Values
Industry Size (2025E)	USD 25.23 billion
Industry Value (2035F)	USD 72.96 billion
CAGR (2025 to 2035)	11.2%

Semi-Annual Market Update

Particular	Value CAGR
H1 (2024 to 2034)	10.8%
H2 (2024 to 2034)	11.2%
H1 (2025 to 2035)	10.9%
H2 (2025 to 2035)	11.4%

Segment-wise Analysis

Segment	Value Share (2025)
Cocoa Butter (By Type)	42%

Segment	Value Share (2025)
Bakery & Confectionery (By Application)	55%

Country-wise Analysis

Countries	CAGR (2025 to 2035)
USA	5.5%
UK	5.1%
France	5.8%
Germany	6.3%
Italy	5.2%
South Korea	4.7%
Japan	4.5%
China	4.2%
Australia	5.0%
New Zealand	4.9%

Competitive Outlook

Company Name	Estimated Market Share (%)
Barry Callebaut	22-26%
Cargill	18-22%
Olam International	14-18%
Blommer Chocolate Company	10-14%
ECOM Agroindustrial Corp.	8-12%
Other Companies (combined)	30-40%

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.

Cocoa Derivatives Market is anticipated to experience a steady 6.0% CAGR, ultimately attaining a market size of USD $39.77 Billion by the end of 2032, according to market forecasts.

The chocolate market attained a value of about USD 45.95 Billion in 2024. The market is further estimated to grow at a CAGR of 5.67% in the forecast period of 2025-2034 to reach a value of around USD 79.76 Billion by 2034. The global cocoa market reached about USD 25.48 Billion in 2024. Growth is driven by rising cocoa product demand, focus on sustainability, and tech innovations.

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 ...

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.

The global cocoa bean market is expected to grow at a CAGR of 3.5% during the forecasted period of 2025-2033. The market is projected to grow from USD XXX million in 2025 to USD XXX million by 2033. The rising consumer demand for chocolate and cocoa-based products, coupled with increasing awareness of the health benefits associated with cocoa consumption, are major drivers of the cocoa bean market. Growing disposable income and changing lifestyles, particularly in developing countries, are further contributing to the market growth. The increasing urbanization and industrialization in developing regions have led to the emergence of organized retail formats, including supermarkets and hypermarkets, which have made cocoa beans more accessible to consumers. The growing popularity of online retail channels is also providing new opportunities for cocoa bean traders and manufacturers to reach a wider customer base. Additionally, the increasing use of cocoa beans in the food and beverage industry, cosmetics, and pharmaceuticals is expected to support the market growth during the forecast period. However, factors such as climate change, rising input costs, and price volatility in the global cocoa bean market could restrain market growth.