Cocoa fell to 5,359.52 USD/T on December 1, 2025, down 0.82% from the previous day. Over the past month, Cocoa's price has fallen 18.29%, and is down 41.61% 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 December of 2025.

This statistic depicts the average annual prices for cocoa from 2014 through 2027*. In 2025, the average price for cocoa stood at eight nominal U.S. dollars per kilogram.

Between 2016 and 2025, the monthly price of cocoa worldwide peaked in January 2025 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.

View monthly updates and historical trends for Cocoa Price. Source: World Bank. Track economic data with YCharts analytics.

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Cocoa Beans Market Size 2025-2029

The cocoa beans market size is valued to increase by USD 3.58 billion, at a CAGR of 4.5% from 2024 to 2029. Rising popularity of chocolate-flavored beverages will drive the cocoa beans market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 39% growth during the forecast period.
By Application - Confectionery segment was valued at USD 5.14 billion in 2023
By Product - Cocoa butter segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 42.75 million
Market Future Opportunities: USD 3576.90 million
CAGR from 2024 to 2029 : 4.5%

Market Summary

Cocoa beans, the primary ingredient in chocolate, have long held a significant place in the global market due to their versatility and universal appeal. The demand for cocoa beans is driven by the growing popularity of chocolate-based products, particularly beverages, which have witnessed a notable increase in consumer preference. This trend is fueled by the expanding health-conscious population seeking alternatives to sugar-laden beverages. The market is characterized by a dynamic business landscape, with numerous players vying for market share. Mergers and acquisitions have become a common strategy for companies aiming to expand their operations and strengthen their market position.
Despite this competition, the market remains volatile due to various factors, including weather conditions in cocoa-producing regions and fluctuations in supply and demand. However, the market is not without challenges. Volatility in the prices of cocoa beans, influenced by weather conditions and supply chain disruptions, poses a significant risk for market participants. Cocoa bean prices have experienced significant volatility, reflecting the market's complexities. Factors such as disease outbreaks, weather conditions, and geopolitical instability can significantly impact prices. However, the long-term outlook for the market remains positive, with continued growth expected due to increasing consumer demand and ongoing innovation in chocolate-based products. In conclusion, the market is a dynamic and complex business environment, shaped by various factors including consumer preferences, competition, and external influences. Companies operating in this sector must stay informed about market trends and be prepared to adapt to changing conditions to remain competitive.

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

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How is the Cocoa Beans Market 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


Nature

  Organic
  Conventional


Sale Channel

  B2B
  B2C


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

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

The market continues to evolve, driven by the increasing demand for low-fat alkalized and natural cocoa powders in various confectionery items, such as toffee, hard candy, and marshmallows. This trend is fueling the growth of the confectionery segment, with companies like Mars and Nestle focusing on producing chocolate liquor with higher cocoa mass for stronger flavors. For example, Prodigy Snacks Ltd, a UK confectionery firm, recently introduced Phenomenoms, a new chocolate biscuit range with two flavors, highlighting this market development. Additionally, ongoing activities include the implementation of sustainable farming practices, yield optimization techniques, and soil nutrient management to enhance production efficiency.

Bean drying methods, packaging technology, and traceability systems are also evolving to ensure product quality and consumer safety, with a focus on reducing aflatoxin contamination levels. Theobroma cacao cultivation continues to adapt to climate change, with research on pest management strategies, microbial community composition, and disease resistance mechanisms. The market is further characterized by improvements in processing efficiency, sensory evaluation protocols, and polyphenol oxidase activity analysis for assessing health benefits. Cocoa butter extraction and flavonoid conte

View monthly updates and historical trends for Cocoa Bean Price. Source: International Monetary Fund. Track economic data with YCharts analytics.

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...

The revenue of the cocoa market in Sierra Leone amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate outstanding growth. The pace of growth appeared the most rapid in 2010 when the market value increased by X% year-to-year. Over the period under review, the cocoa market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption failed to regain its momentum.

The revenue of the cocoa market in Papua New Guinea amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. Cocoa consumption peaked in 2018 and is expected to retain its growth in the near future.

The revenue of the cocoa market in Haiti amounted to $X in 2018, going up by X% against the previous year. In general, cocoa consumption continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Haiti cocoa consumption peaked at $X in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.

The Chocolate Market report segments the industry into Confectionery Variant (Dark Chocolate, Milk and White Chocolate), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Five years of historical data and five-year forecasts are provided.

Chocolate milk crumb imports into the U.S. stood at X tons in 2017, going up by X% against the previous year. The total import volume had been increasing at an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. The U.S.

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Industrial Chocolate Market Size 2025-2029

The industrial chocolate market size is forecast to increase by USD 2.76 billion, at a CAGR of 5% between 2024 and 2029.

Major Market Trends & Insights

Europe dominated the market and accounted for a 38% growth during the forecast period.
By the Application - Milk chocolate segment was valued at USD 3.97 billion in 2023
By the End-user - Confectionery segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 45.15 billion
Market Future Opportunities: USD 2.76 billion 
CAGR : 5%
Europe: Largest market in 2023

Market Summary

The market is a significant player in the global food industry, with a steady growth trajectory. According to recent market studies, the sector is expected to experience a notable increase in demand, driven by the expanding food processing and manufacturing sectors. This trend is particularly prominent in regions with a high consumption of chocolate products, such as Europe and North America. Moreover, there is a growing emphasis on sustainability within the chocolate industry, with companies focusing on sourcing ethically produced cocoa. This shift is in response to increasing consumer awareness and demand for sustainable and ethically produced goods.
In terms of production, the market is witnessing a transition towards automation and technological advancements to improve efficiency and productivity. Despite these positive developments, the market faces challenges such as price fluctuations in raw materials, including cocoa and sugar. These price variations can significantly impact the profitability of chocolate manufacturers. However, the industry remains dynamic, with ongoing research and development efforts aimed at creating innovative chocolate products that cater to diverse consumer preferences.

What will be the Size of the Industrial Chocolate Market during the forecast period?

Explore market size, adoption trends, and growth potential for industrial chocolate market Request Free Sample

The market exhibits consistent growth, with current production accounting for approximately 4.5 million metric tons annually. Looking forward, this sector anticipates a steady expansion, projected to reach a CAGR of around 3.5% over the next several years. Notably, the market's focus on enhancing flavor through the use of compounds and improving refining efficiency has led to significant advancements. For instance, the adoption of fat substitutes and yield optimization techniques has resulted in a 15% increase in production capacity for some manufacturers.
In comparison, the integration of process control technologies, such as sensory attributes analysis and ingredient interactions monitoring, has enabled a 20% reduction in production costs for others. This juxtaposition highlights the strategic importance of both efficiency improvements and quality enhancements in the market.

How is this Industrial Chocolate Industry segmented?

The industrial chocolate 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

  Milk chocolate
  Dark chocolate
  White chocolate


End-user

  Confectionery
  Biscuits and bakery products
  Dairy and desserts
  Ice creams and frozen items
  Others


Product Type

  Cocoa Powder
  Cocoa Liquor
  Cocoa Butter
  Compound Chocolate
  Cocoa Powder
  Cocoa Liquor
  Cocoa Butter
  Compound Chocolate


Geography

  North America

    US
    Canada


  Europe

    Belgium
    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

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

In the market, process optimization and fat content optimization are key trends driving growth. For instance, manufacturers are focusing on reducing fat content to cater to health-conscious consumers, with some milk chocolates now containing as little as 5% milk fat. Additionally, advancements in drying methods have led to improved energy efficiency, reducing energy consumption by up to 30% in some cases. Sugar reduction strategies are another significant trend, with sugar alternatives like stevia and erythritol gaining popularity. Rheological properties, flavor profiling, and aeration techniques are also essential aspects of chocolate production, ensuring the desired texture, taste, and aroma. Encapsulation technology, sensory evaluation, and ingredient sourcing are crucial for maintaining flavor stability and ensuring the highest quality.

Energy consumption is a critical concern in the chocolate industry, with some manufacturers implementing mass production technique

Chocolate Spread Exports in Northern AmericaThe exports amounted to X tons in 2017, going up by X% against the previous year. The total exports indicated a prominent expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the chocolate spread exports decreased by -X% against 2014 indices.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Candy and Chewing Gum in U.S. City Average (CUUR0000SEFR02) from Dec 1997 to Sep 2025 about gum, confectionery, urban, consumer, CPI, price index, indexes, price, and USA.

The Chocolate and Confectionery Production industry can be divided into three categories: cocoa products, sugar confectionery products and chewing gum. The industry has struggled in recent years as rising health consciousness undermines long-term demand for chocolate and sweets, with consumers instead turning to functional alternatives like protein bars, fruit and plant-based snacks to satisfy their cravings. As consumer attitudes shift, there has been a resurgence in luxury chocolate, with moderated consumption boosting demand for more indulgent experiences when people choose to treat themselves. However, this trend is fuelling imports of foreign chocolate, particularly from Switzerland and France, which leverage long-standing associations for quality chocolate making to appeal to Brits, undermining domestic revenue.

Chocolate and Confectionery Production revenue is expected to swell at a compound annual rate of 0.6% to £4.2 billion over the five years through 2025-26, with revenue expected to dip by 2.9% in the current year. A major shortage of cocoa drove prices sharply higher in 2024-25, prompting widespread price hikes across the industry. While the initial surge lifted revenue, it has since weighed on long-term demand as consumers turned away from costly chocolate in favour of cheaper alternatives, dragging on sales. Producers have adapted to unpredictable costs through measures like shrinkflation. Mars reduced the size of its Galaxy Minstrels More to Share bags from 215 grams to 197 grams in February 2025 while keeping the price unchanged. Profit is expected to nudge upwards to 17.3% of revenue in 2025-26, reflecting easing cocoa prices and producers' efforts to cut per-unit costs of their chocolates and confectionery.

Revenue is set to decline modestly in the coming years as manufacturers adapt to evolving consumer trends by developing healthier and more ethically sourced products. In anticipation of upcoming bans on TV and online advertisements for high-fat, salt or sugar products from 2026, chocolate manufacturers are gearing up to introduce healthier products and adapt their marketing strategies. Companies will also stoke consumer demand through product innovation, especially in the market's premium segment, where customers perceive better value for money. A heightened focus on sustainability is also expected as the industry works to shed its negative environmental image and strengthen its appeal among increasingly eco-conscious consumers. Revenue is expected to push downwards at a compound annual rate of 0.4% over the five years through 2030-31 to £4.1 billion.

Chocolate Market size was valued at USD 130.72 Billion in 2024 and is projected to reach USD 172.89 Billion by 2030. Along with a CAGR of 4.17%.

Allulose Chocolate Syrup Market Outlook

As per our latest research, the global allulose chocolate syrup market size reached USD 422.3 million in 2024, and the industry is expected to expand at a robust CAGR of 9.4% during the forecast period of 2025 to 2033. With the current growth trajectory, the market is projected to achieve USD 950.7 million by 2033. The primary growth driver for this market is the rising demand for healthier, low-calorie sweetener alternatives in chocolate-based products, coupled with increasing consumer awareness regarding sugar reduction and clean-label ingredients.

One of the most significant growth factors for the allulose chocolate syrup market is the global shift towards healthier lifestyles and dietary habits. Consumers are becoming more conscious of their sugar intake due to the increasing prevalence of obesity, diabetes, and other chronic diseases. As a rare sugar with only a fraction of the calories of regular sugar, allulose is gaining traction as a preferred sweetener in chocolate syrup formulations. The rising popularity of keto, paleo, and other low-sugar diets further accelerates the adoption of allulose-based products. Manufacturers are responding to this demand by launching innovative allulose chocolate syrups that cater to health-conscious consumers without compromising on taste, texture, or indulgence.

Another critical driver is the food and beverage industryÂ’s ongoing commitment to product reformulation and sugar reduction. Regulatory pressures, such as sugar taxes and labeling requirements, are compelling companies to seek alternative sweeteners that deliver the desired sweetness profile without the negative health connotations of traditional sugar. Allulose, which is recognized as Generally Recognized As Safe (GRAS) by the FDA and similar authorities in other regions, fits well into this narrative. Its functional properties, such as browning and bulking, are similar to sucrose, making it an attractive ingredient for chocolate syrup manufacturers aiming to maintain product quality while meeting regulatory and consumer demands.

The marketÂ’s growth is also fueled by robust investments in research and development, resulting in improved production technologies and cost efficiencies for allulose. As production scales up, the price of allulose is gradually becoming more competitive, enabling broader adoption in mainstream food products, including chocolate syrups. Strategic partnerships between ingredient suppliers and food manufacturers are leading to the development of customized allulose chocolate syrup solutions for diverse applications, from beverages to bakery and dairy products. This collaborative ecosystem is expected to sustain the marketÂ’s upward trajectory over the next decade.

Regionally, North America dominates the allulose chocolate syrup market, accounting for approximately 41.5% of the global share in 2024, driven by high consumer awareness, strong presence of health-centric brands, and favorable regulatory frameworks. Europe follows closely, with increasing demand for sugar-reduced products and a growing base of health-conscious consumers. The Asia Pacific region is emerging as a high-growth market, propelled by rising disposable incomes, urbanization, and evolving dietary preferences. Latin America and the Middle East & Africa are also witnessing gradual adoption, albeit at a slower pace, due to limited consumer awareness and higher price sensitivity. These regional dynamics are expected to shape the competitive landscape and innovation trends in the allulose chocolate syrup market through 2033.

In the pursuit of healthier sweetening options, Low-GI Sweetener Syrup has emerged as a noteworthy contender in the market. This type of syrup is particularly appealing to consumers who are mindful of their glycemic index intake, as it offers a sweet taste without causing significant spikes in blood sugar levels. With the increasing awareness of the health implications of high sugar consumption, low-GI alternatives are gaining traction among health-conscious individuals. This trend is further supported by the growing popularity of diets that emphasize low glycemic foods, such as the low-carb and diabetic-friendly diets. As such, the integration of low-GI sweetener syrup into various food products, including chocolate syrups, is becoming a strategic move for manufacturers aimin

The revenue of the cocoa market in Democratic Republic of the Congo amounted to $X in 2018, going up by X% against the previous year. Over the period under review, cocoa consumption continues to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Democratic Republic of the Congo cocoa consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

In 2017, approx. X tons of chocolate milk crumb were imported into South Africa; going up by X% against the previous year. In general, chocolate milk crumb imports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2015, an increase of X% against the previous year. In that year, the chocolate milk crumb imports reached its maximum volume of X tons.