Cocoa fell to 8,554.75 USD/T on June 23, 2025, down 0.96% from the previous day. Over the past month, Cocoa's price has fallen 13.28%, but it is still 8.44% 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 June of 2025.

Graph and download economic data for Producer Price Index by Industry: Chocolate and Confectionery Manufacturing (PCU3113531135) from Dec 2011 to May 2025 about chocolate, confectionery, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

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.

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

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

The price for chocolate candy outpaced non-chocolate in 2019, averaging 2.27 U.S. dollars per unit compared to 1.88 for non-chocolate. In private label, chocolate candy was also priced higher than non-chocolate, although the spread between prices was greater. Private label chocolate candy was priced at an average of 2.75 dollars per unit compared to 1.41 for non-chocolate.

Average price per unit explained

The average unit price of a product is derived by dividing the total sales by the number of units sold. This data is valuable in helping to understand pricing of a product that may be sold in multiple formats of size and packaging. By calculating average unit price such variance is neutralized and product prices can be fairly compared. In the example above for instance, sales of private label chocolate candy totaled 188.2 million U.S. dollars and unit sales totaled 67.9 million units. The former divided by the latter does indeed average 2.77 dollars per unit.

Chocolate bar price in the United States: Get access to datasets from the world's biggest and respectable market research tool. 2 million reports updated monthly.

After three years of growth, purchases abroad of chocolate and cocoa products decreased by -8.8% to 710K tons in 2023.

The price of chocolate bars in the UK was approximately 6.22 British pounds per kilogram in 2023. This represented an increase of 3.5 percent.

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Chocolate Market Size 2025-2029

The chocolate market size is forecast to increase by USD 52.7 billion, at a CAGR of 5.1% between 2024 and 2029.

The market is characterized by the increasing trend towards premiumization, as consumers seek high-quality, artisanal, and ethically-sourced chocolate products. Simultaneously, innovation in chocolate packaging continues to gain momentum, with companies leveraging sustainable, eco-friendly, and visually appealing packaging to differentiate their offerings and attract consumers. However, the market faces challenges, including the volatility of cocoa prices and the declining per capita consumption in certain regions due to health concerns and changing consumer preferences. Companies must navigate these challenges by implementing strategic sourcing and pricing strategies, investing in research and development for healthier chocolate alternatives, and exploring new markets and distribution channels.
By staying attuned to these market dynamics and capitalizing on opportunities for innovation and differentiation, chocolate manufacturers can effectively compete and thrive in this dynamic market.

What will be the Size of the Chocolate 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.
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The market continues to evolve, with dynamic trends shaping its various sectors. Chocolate molds and decorations add visual appeal to confectionery creations, while chocolate liquor serves as a fundamental ingredient in manufacturing milk, dark, and white chocolate. Milk chocolate, with its creamy texture and sweet taste, dominates the market, yet dark chocolate, known for its rich flavor and potential health benefits, is gaining popularity. Fair trade chocolate, emphasizing ethical sourcing, is a growing segment, as is organic chocolate, reflecting consumer preferences for sustainable and health-conscious options. Cocoa butter, a crucial component in chocolate production, influences processing methods and shelf life.

Chocolate ice cream and desserts expand the market's reach, with chocolate syrup and powder catering to various applications. Quality control is paramount, ensuring consistent taste and safety, while cocoa beans undergo rigorous testing and bean sourcing strategies evolve. Chocolate processing techniques, from traditional methods to modern technology, impact production efficiency and product innovation. Dark chocolate, with its antioxidant properties, is a focus for health-conscious consumers, while milk chocolate remains the market leader. Consumption trends shift towards artisan, single-origin, and bean-to-bar chocolates, as consumers seek unique flavors and authentic experiences. Cocoa beans, the foundation of chocolate, are subject to price volatility and sustainability concerns.

Chocolate advertising and marketing strategies adapt to consumer preferences, with e-commerce and chocolate festivals driving sales growth. Chocolate retailers and confectioners face challenges in maintaining product quality and meeting evolving consumer demands. In the ever-changing the market, cocoa butter, milk chocolate, fair trade, and dark chocolate, among others, intertwine, shaping a dynamic and intriguing industry landscape.

How is this Chocolate Industry segmented?

The chocolate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Milk chocolate
  Dark chocolate
  White chocolate


Distribution Channel

  Offline
  Online


Type

  Traditional
  Artificial


Cocao Content

  Low (60%)


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 Product Insights

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

Milk chocolate, a popular type of chocolate made with milk and containing 10%-20% cocoa solids and milk powder, is known for its smoother and creamier taste compared to dark chocolate. Manufactured by mixing cocoa solids with milk solids, sugar, and cream, milk chocolate has been a favorite among consumers. However, increasing health consciousness and awareness of health issues such as obesity and heart disease have led to a decline in demand for milk chocolate in 2023. One pound of milk chocolate contains approximately 2,300 calories, 140 grams of fat, and 100 milligrams of cholesterol. Sustainable chocolate production is gaining traction in the industry, with consumers increasingly preferrin

Cocoa prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 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

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Chocolate/Chocolate-Type Confectionery Products, Cacao Beans (WPU025503011) from Dec 2011 to May 2025 about chocolate, confectionery, processed, food, commodities, PPI, inflation, price index, indexes, price, and USA.

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

The price of milk chocolate in Poland has witnessed a steady increase over the period observed. In 2023, the average price of milk chocolate per 100 grams reached 4.59 zloty.

The German chocolate bar with filling market rose notably to $1.9B in 2024, growing by 12% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2024: its value increased at an average annual rate of +5.8% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +23.5% against 2018 indices.

European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery was 170.90 points in April of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery - last updated from the EUROSTAT on June of 2025. Historically, European Union - Producer prices in industry: Manufacture of cocoa, chocolate and sugar confectionery reached a record high of 171.50 points in March of 2025 and a record low of 73.30 points in April of 2005.

United States - Producer Price Index by Commodity: Processed Foods and Feeds: Other Chocolate and Cocoa Products, Made from Cacao Beans was 257.63700 Index Jun 1983=100 in May of 2022, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Processed Foods and Feeds: Other Chocolate and Cocoa Products, Made from Cacao Beans reached a record high of 257.63700 in May of 2022 and a record low of 90.40000 in July of 1991. 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: Other Chocolate and Cocoa Products, Made from Cacao Beans - last updated from the United States Federal Reserve on June of 2025.

In 2023, imports of chocolate and cocoa products into Vietnam skyrocketed to 14K tons, with an increase of 29% compared with the previous year.

The Industrial Chocolate Production industry has experienced growth, despite volatility from fluctuating cocoa prices. The industry's production, which includes processed cocoa beans to manufacture cocoa products, including cocoa powder, liquor and butter, is largely destined for chocolate confectionery producers, although bakers and dairy beverage producers also buy cocoa products to infuse into their foods. In recent years, fluctuations in cocoa prices have been offset by improving disposable incomes and greater demand for premium chocolate goods. Despite an added emphasis on health consciousness by American consumers, overall industry revenue has been increasing at a CAGR of 8.7% over the past five years and is expected to reach $3.4 billion in 2024, including a 34.0% revenue boost in 2024 alone. Revenue for producers corresponds with demand for chocolate and the price of cocoa beans. High demand for chocolate raises the selling price of cocoa beans and products, especially when supply is limited. This allows industrial chocolate producers to charge higher prices for products. Conversely, weak demand and falling cocoa prices devalue inventory, forcing losses on operators. Cocoa prices fluctuated wildly in recent years, which has ultimately made it difficult for producers to optimally price goods, even as overall selling prices have risen slightly in recent years. As a result, profit only marginally increased over the past five years. Market conditions are expected to be more stable moving forward, although a projected decline in cocoa prices will hurt selling prices for industrial chocolate producers. According to current projections, the world price of cocoa will decline moving forward. This will outweigh new opportunities for small companies, which will enter the industry to meet demand from health-conscious and environmentally friendly consumers who seek to purchase organic, sustainably sourced cocoa that demands premium prices. Consequently, industry revenue is forecast to contract at a CAGR of 1.1% over the five years to 2029 to $3.2 billion in 2029.

Cocoa prices have dropped significantly due to demand concerns and market challenges, affecting the chocolate industry.