Cocoa fell to 7,990.30 USD/T on July 11, 2025, down 8.60% from the previous day. Over the past month, Cocoa's price has fallen 18.47%, and is down 4.35% 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 July of 2025.

Get the latest insights on price movement and trend analysis of Cocoa Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

The price of cocoa powder can fluctuate based on factors like production, market dynamics, quality, and type. This article discusses the influences on cocoa powder prices and suggests checking with specific suppliers or retailers for the most accurate and current prices.

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

Cocoa powder imports into Turkey skyrocketed to 44K tons in 2023, picking up by 20% on the year before.

The consumer price index (CPI) of cocoa and powdered chocolate in Norway fluctuated from 2012 to 2024. In 2024, the average CPI of cocoa and powdered chocolate in Norway was measured at 168.4, the base year being 2015.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans was 87.60000 Index Dec 2011=100 in December of 2018, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans reached a record high of 105.30000 in December of 2015 and a record low of 81.10000 in December of 2017. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Sweetened/Unsweetened Chocolate/Cocoa Powder, Cacao Beans (WPU025401052) from Dec 2011 to Dec 2018 about cocoa, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

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 global cocoa powder market is projected to grow from USD 2.7 billion in 2025 to USD 3.6 billion by 2035, registering a CAGR of 2.9%.

Top Countries Producing, Consuming, Regulating, and Driving Demand for Cocoa Powder

In June 2022, the cocoa powder price per tonamounted to $3,470 per ton, increasing by 4.6% against the previous month.

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...

Sweetened Cocoa Powder Price Per Unit in Finland, 2020 Discover more data with ReportLinker!

This statistic depicts the average annual prices for cocoa from 2014 through 2026*. In 2023, the average price for cocoa stood at 3.28 nominal U.S. dollars per kilogram.

The global cocoa powder market is a dynamic and substantial sector, exhibiting considerable growth potential. While precise figures for market size and CAGR are not provided, leveraging industry knowledge and reports, we can estimate a 2025 market size of approximately $5 billion, growing at a Compound Annual Growth Rate (CAGR) of around 4% between 2025 and 2033. This growth is primarily driven by increasing consumer demand for chocolate and cocoa-based products, fueled by rising disposable incomes, particularly in developing economies. Furthermore, the growing popularity of health-conscious cocoa products, such as high-flavonoid cocoa powder emphasizing health benefits, is a key trend boosting market expansion. The rising prevalence of confectionery and bakery products globally also contributes significantly to market growth. However, challenges remain, including fluctuations in cocoa bean prices due to weather patterns and geopolitical factors, and increasing competition from substitute ingredients. Strategic partnerships and vertical integration within the supply chain are crucial for companies to mitigate these risks. The market is segmented by various factors such as product type (natural, alkalized, Dutch-processed), application (confectionery, bakery, beverages, others), and region. Key players in this competitive landscape include Olam Cocoa, Cargill, Barry Callebaut, and others mentioned. These companies are actively engaged in expanding their product portfolios, investing in R&D, and pursuing strategic acquisitions to solidify their market positions. Regional variations in consumption patterns and economic development influence market dynamics, with North America and Europe currently holding significant market shares, while Asia-Pacific is expected to show considerable growth in the coming years due to increasing urbanization and changing consumer preferences. Analyzing these trends and regional nuances is critical for businesses aiming to capitalize on the cocoa powder market's expanding opportunities.

The global cocoa powder and chocolate powder market is experiencing robust growth, driven by increasing consumer demand for convenient and indulgent food and beverages. The market, segmented by product type (cocoa powder and chocolate powder) and application (drinks, desserts, candy, and others), is witnessing a significant expansion fueled by several factors. Rising disposable incomes, particularly in developing economies, are boosting consumption of chocolate and cocoa-based products. The growing popularity of chocolate confectionery, bakery items, and ready-to-drink beverages containing cocoa and chocolate further contributes to market expansion. Health and wellness trends are also influencing the market, with manufacturers increasingly focusing on products with reduced sugar content and added health benefits, such as antioxidants. This trend is evident in the rise of dark chocolate products and cocoa powder incorporated into health-conscious food and beverage options. The significant presence of established players like Nestle, Mars, and Hershey, alongside regional and emerging brands, indicates a competitive yet dynamic landscape. Innovation in product formulations, flavors, and packaging further intensifies competition and drives market expansion. However, factors such as fluctuating cocoa bean prices and supply chain disruptions pose challenges to consistent growth. Furthermore, concerns regarding sustainability and ethical sourcing of cocoa are prompting industry players to adopt more responsible practices, which although a positive step, can influence costs and profitability in the short term. Looking ahead, the market is projected to maintain a steady growth trajectory. The expansion into new markets, the development of novel product offerings, and increasing consumer awareness of cocoa's health benefits will continue to fuel market expansion. The continuous innovation in product diversification, including the introduction of cocoa powder and chocolate powder in various forms like instant mixes and single-serve sachets, contributes to accessibility and consumer convenience. Moreover, the growing integration of cocoa and chocolate into diverse food and beverage applications beyond traditional confectionery products reflects the expanding market opportunities. Regional differences in market size and growth rates are likely to persist, influenced by factors like cultural preferences, economic conditions, and purchasing power. North America and Europe are expected to retain significant market share, while emerging markets in Asia-Pacific and Africa present substantial growth opportunities. This dynamic interplay of factors points towards a promising outlook for the cocoa powder and chocolate powder market over the forecast period.

The global cocoa powder market, valued at $5.912 billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 3.1% from 2025 to 2033. This growth is fueled by several key factors. Increasing consumer demand for chocolate and cocoa-based products, driven by rising disposable incomes and changing dietary preferences in developing economies, is a significant driver. The burgeoning food and beverage industry, incorporating cocoa powder into diverse products ranging from confectionery and baked goods to beverages and nutritional supplements, further propels market expansion. Furthermore, the growing awareness of cocoa's health benefits, such as its antioxidant properties, contributes to its sustained popularity. However, the market faces challenges such as fluctuations in cocoa bean prices due to climate change and agricultural practices, and potential supply chain disruptions impacting overall production and distribution. Increased competition from alternative ingredients and the rising cost of raw materials also pose moderate restraints. Market segmentation plays a crucial role in understanding specific growth opportunities. While detailed segment data is unavailable, it's reasonable to assume significant variations exist based on product type (e.g., natural, processed, alkalized), application (e.g., confectionery, beverages, bakery), and geographical region. Major players like Olam Cocoa, Cargill, Barry Callebaut, and others are strategically positioned to capitalize on emerging market trends, investing in research and development to innovate and cater to evolving consumer preferences. Understanding these dynamics and leveraging technological advancements in cocoa processing and sustainability initiatives will be crucial for future market success.

The global unsweetened cocoa powder market is a significant segment within the broader cocoa and chocolate industry, exhibiting steady growth driven by increasing consumer demand for healthier food options and the rising popularity of baking and confectionery products. The market's value in 2025 is estimated at $5 billion, reflecting a robust Compound Annual Growth Rate (CAGR) of approximately 4% between 2019 and 2024. This growth trajectory is anticipated to continue throughout the forecast period (2025-2033), propelled by several key factors. The increasing preference for natural and minimally processed ingredients is fueling demand for unsweetened cocoa powder as a versatile ingredient in various food and beverage applications, including hot chocolate, baked goods, and protein supplements. Furthermore, the expanding global population and rising disposable incomes in developing economies are contributing to market expansion. However, fluctuations in cocoa bean prices and potential supply chain disruptions due to climatic factors present challenges to consistent growth. Major players in the unsweetened cocoa powder market, including Barry Callebaut, Cargill, Blommer, Olam International, and Mondelez, leverage their established supply chains and extensive distribution networks to maintain market share. The market is segmented based on various factors, including application (baking, confectionery, beverages, etc.), distribution channel (retail, food service, etc.), and geographic region. North America and Europe currently hold significant market shares due to established consumer preferences and a developed food processing industry. However, emerging economies in Asia-Pacific and Latin America present lucrative growth opportunities owing to increasing consumption and expanding manufacturing capacity. To capitalize on these trends, market players are investing in product innovation, exploring sustainable sourcing practices, and expanding into new geographical markets. Competitive strategies focus on offering high-quality products, value-added services, and cost-effective solutions.

Sweetened Cocoa Powder Price Per Unit in Spain, 2019 Discover more data with ReportLinker!

In 2023, overseas shipments of cocoa powder (not sweetened) decreased by -6.1% to 41K tons, falling for the second consecutive year after two years of growth.