Cocoa rose to 8,650.30 USD/T on August 8, 2025, up 0.07% from the previous day. Over the past month, Cocoa's price has risen 3.27%, but it is still 4.81% lower 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 August of 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 depicts the average annual prices for cocoa from 2014 through 2026*. In 2024, the average price for cocoa stood at 7.33 nominal U.S. dollars per kilogram.

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

This statistic shows the worldwide cocoa price from 2008 to 2023 in U.S. dollars per metric kilogram. In the 2023, the price per kilogram of cocoa was 3.28 U.S. dollars.

Between 2016 and 2024, the monthly price of cocoa worldwide peaked in April 2024 at about ***** U.S. dollars per metric ton. Global cocoa industry Global cocoa production is expected to reach about *** million tons in the 2023/2024 crop year. Most of the world’s cocoa beans are grown in Africa; in 2023/2024, about *** million tons of cocoa beans were produced there, while about *** million tons were grown in the Americas. Within Africa, Côte d'Ivoire and Ghana were the countries with the highest production of cocoa beans. Chocolate retail worldwide In 2016, Mars controlled a **** percent share of the chocolate market worldwide, making it the single biggest player in the chocolate industry. Mars owns such chocolate brands as M&Ms, Snickers, and Dove. The countries with the highest per capita chocolate consumption are Switzerland, Austria, and Germany.

The cocoa market is witnessing mixed dynamics with price fluctuations influenced by varying demand and supply forecasts. Explore the latest insights on global cocoa production and market trends.

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...

Cocoa prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 1.89 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

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%

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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 price of cocoa beans in the international market is influenced by various factors including supply and demand dynamics, weather conditions, government policies, and economic factors. This article explores the impact of these factors on cocoa prices and highlights the importance of tracking and understanding them for market participants and stakeholders in the cocoa industry.

Explore the projected growth of the cocoa powder market over the next six years, driven by increasing worldwide demand. Market volume is expected to reach 4M tons by 2030.

Cocoa prices have plummeted, with significant drops in both NY and London futures. Key factors include reduced cocoa grindings, favorable weather in major producing regions, and high inventory levels.

According to Cognitive Market Research, the global Cocoa Powder market size will be USD 22145.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 8858.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 6643.68 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 5093.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1107.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 442.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Natural cocoa powder category is the fastest growing segment of the Cocoa Powder industry

Market Dynamics of Cocoa Powder Market

Key Drivers for Cocoa Powder Market

Growing demand for chocolate and cocoa-based products to Boost Market Growth

The growing demand for chocolate and cocoa-based products is significantly boosting market growth. This surge is driven by an increasing consumer preference for indulgent, premium, and health-conscious chocolate products, including dark chocolates, organic varieties, and functional chocolates with added ingredients like antioxidants and superfoods. The rise in disposable incomes, especially in emerging economies, along with changing consumer lifestyles and preferences for premium and unique flavors, are propelling the demand for premium chocolates and artisanal cocoa products. Additionally, the increasing use of cocoa ingredients in various food applications such as beverages, snacks, and bakery products is driving market expansion. Innovations in product offerings, such as health-oriented chocolates and sustainable sourcing practices, are further boosting market growth, making the chocolate and cocoa industry a dynamic and evolving market sector.

Health benefits of cocoa, such as its antioxidant properties

The cocoa market is driven by its numerous health benefits, particularly its antioxidant properties. Cocoa is rich in flavonoids, a type of antioxidant that can help protect cells from damage. These antioxidants have been linked to a reduced risk of heart disease, stroke, and certain types of cancer. Additionally, cocoa may help improve cognitive function and mood. As consumers become more aware of the health benefits of cocoa, demand for cocoa products is expected to continue to grow.

Restraint Factor for the Cocoa Powder Market

Price fluctuations due to weather and supply chain disruptions

Extreme weather events disrupt supply chains, causing delays, production halts, and damage to infrastructure. This leads to shortages, higher transportation costs, and increased prices for consumers. Supply chain disruptions also ripple through interconnected industries, further amplifying price fluctuations.

Impact of Covid-19 on the Cocoa Powder Market

The COVID-19 pandemic caused disruptions in the cocoa powder market. Supply chains were affected by transportation restrictions and labor shortages, leading to price fluctuations. Demand also shifted as lockdowns closed restaurants and cafes, impacting foodservice sales. However, increased home baking and a surge in comfort food consumption partially offset these losses. Introduction of the Cocoa Powder Market

The cocoa powder market encompasses the global trade and utilization of finely ground cocoa derived from cocoa beans. It finds extensive use across various industries, primarily in the food and beverage sector. Cocoa powder is a key ingredient in the production of chocolate, confectionery, baked goods, beverages, and more. Its rich flavor, aroma, and nutritional properties contribute to its widespread popularity. Several factors, including the increasing demand for natural and organic ingredients, the growing health consciousness among consumers, and the expanding use of cocoa powder in various applications beyond traditional food and bevera...

Global Cocoa market size 2021 was recorded $13021 Million whereas by the end of 2025 it will reach $15653 Million. According to the author, by 2033 Cocoa market size will become $22620.5. Cocoa market will be growing at a CAGR of 4.71% during 2025 to 2033.

Learn about the factors that can affect cocoa dry bean prices per kg, including supply and demand, quality, origin, and market conditions. Understand how weather conditions, production levels, and currency exchange rates can influence cocoa prices. Discover the impact of disruptions in supply, extreme weather, bean quality, and currency fluctuations on cocoa prices. Stay informed about the dynamics of the cocoa market and make informed decisions as a cocoa farmer, trader, or chocolate manufacturer.

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

The cocoa powder market is expected to experience continued growth driven by global demand for unsweetened cocoa powder. Market performance is projected to increase gradually with a +1.0% CAGR in volume and +2.3% CAGR in value from 2024 to 2035, reaching 3.5M tons and $13.5B respectively by the end of 2035.

Cocoa Ingredients Market Size And Forecast

The Cocoa Ingredients Market size was valued at USD 14 Billion in 2024 and is projected to reach USD 19.6 Billion by 2031, growing at a CAGR of 4% from 2024 to 2031.

Global Cocoa Ingredients Market Drivers

Growing demand for chocolate: The global demand for chocolate continues to rise, driven by factors such as increasing disposable incomes, urbanization, and changing consumer preferences.

Increasing use of cocoa in food and beverages: Cocoa is being used in a wider range of food and beverage products, including bakery goods, ice cream, and beverages, driving demand for cocoa ingredients.

Health benefits of cocoa: Cocoa is increasingly recognized for its potential health benefits, such as being a source of antioxidants and flavonoids, which can contribute to heart health.

Global Cocoa Ingredients Market Restraints

Fluctuating cocoa prices: The price of cocoa can fluctuate significantly due to factors such as weather conditions, production levels, and global demand, which can impact the profitability of cocoa ingredient manufacturers

Sustainability concerns: There are growing concerns about the sustainability of cocoa production, particularly in terms of deforestation and child labor, which can impact the reputation of the cocoa industry.