Cocoa fell to 5,836.31 USD/T on October 10, 2025, down 1.83% from the previous day. Over the past month, Cocoa's price has fallen 22.47%, and is down 24.75% 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 October of 2025.

In 2024, the global cocoa bean market increased by 22% to $21.4B, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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.

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.

This statistic shows the worldwide cocoa price from 2008 to 2024 in U.S. dollars per metric kilogram. In 2024, the price per kilogram of cocoa was over seven U.S. dollars.

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.

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%

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...

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

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.

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.

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.

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.

According to Cognitive Market Research, the global Cacao market size was USD 13651.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.20% 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 5460.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4095.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3139.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 682.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.6% 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 273.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.
The Beans category is the fastest growing segment of the Cacao industry

Market Dynamics of Cacao Market

Key Drivers for Cacao Market

Growth in Chocolate Consumption to Boost Market Growth

Chocolate continues to be one of the most beloved indulgent treats worldwide, with a growing demand for high-quality options, particularly premium and organic varieties, driving cacao consumption. Consumers are increasingly choosing chocolates with higher cocoa content, attracted by their perceived health benefits, including antioxidants and other nutrients. Switzerland leads the world in chocolate consumption per capita, with the average person consuming around 8.8 kg (22 lbs) of chocolate annually. Austria follows closely, with each person consuming about 9 kg (20 lbs) of chocolate per year. The United States ranks among the top 10 chocolate-consuming nations, with an average annual consumption of approximately 4.5 kg per person. The rising popularity of artisanal, craft, and organic chocolates, which demand superior quality cacao, is a growing trend not only in established markets like Europe and North America but also in emerging markets such as Asia and Latin America.

Growing Use of Cacao in Non-Chocolate Products to Drive Market Growth

Cacao's usage is extending beyond traditional chocolate products into a variety of other food segments. In the 2022/2023 cocoa season, approximately 5 million tonnes of cocoa were produced globally. The two largest producers, Côte d'Ivoire and Ghana, together account for 50% of the world's cocoa supply, followed by Ecuador with 9%. In Asia, Indonesia is the leading producer. Cocoa production has been steadily increasing over the last 40 years, with up to 95% of cocoa beans traded on international commodity markets. Cacao is increasingly incorporated into health and wellness products, including protein bars, energy drinks, smoothies, and baked goods. Its potential health benefits, coupled with the growing demand for natural and clean-label ingredients, are driving its broader adoption in the food industry.

Restraint Factor for the Cacao Market

Climate Change and Environmental Impact Will Limit Market Growth

Cacao is a highly climate-sensitive crop. It thrives in tropical regions with specific temperature and rainfall conditions. However, changing climate patterns, such as rising temperatures, altered rainfall patterns, and the increasing frequency of extreme weather events (e.g., droughts, floods, and storms), threaten cacao production. Cacao farming can contribute to deforestation, especially in regions like West Africa and South America, where forests are cleared to make way for new plantations. This not only disrupts biodiversity but also leads to soil degradation, reducing the land's ability to support cacao cultivation in the long term. These environmental issues can impact supply, increase production costs, and affect market stability. Cacao crops are vulnerable to several diseases, including black pod disease, cacao swollen shoot virus (CSSV), and frosty pod rot. These diseases can devastate cacao yields and quality, leading to significant losses for farmers and supply shortages in the market.

Impact of Covid-19 on the Cacao Market

The economic uncertainty caused by the pandemic led to a decline in ...

Cocoa prices in , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 1.91 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 global cocoa processing market is poised for steady expansion, driven by the world's enduring appetite for chocolate and cocoa-based products. The market is projected to grow from USD 13,582.6 million in 2021 to USD 23,034.5 million by 2033, reflecting a compound annual growth rate of 4.5%. This growth is largely fueled by increasing consumer demand for premium and specialty chocolates, coupled with a rising awareness of cocoa's health benefits. While North America and Europe remain the dominant markets in terms of value, the Asia-Pacific and Middle Eastern regions are emerging as high-growth hotspots. Key industry trends include a significant shift towards sustainable and ethically sourced cocoa, technological advancements in processing to enhance efficiency, and product innovation to cater to health-conscious consumers. Challenges such as price volatility of raw cocoa beans and stringent regulations persist, but the overall outlook remains positive.

Key strategic insights from our comprehensive analysis reveal:

The Asia-Pacific and Middle East regions are emerging as the fastest-growing markets, with CAGRs of 5.27% and 5.42% respectively, presenting significant expansion opportunities for manufacturers.
While North America and Europe are mature markets, they collectively account for over 67% of the global market share in 2025, underscoring their continued strategic importance for volume and value leadership.
There is a strong consumer-driven trend towards premium, sustainable, and ethically sourced cocoa products, compelling processors to invest in transparent supply chains and certification programs to gain a competitive edge.

Global Market Overview & Dynamics of Cocoa Processing Market Analysis The global cocoa processing market demonstrates robust and consistent growth, primarily propelled by the ever-increasing demand within the confectionery, food and beverage, and cosmetics industries. The transformation of raw cocoa beans into essential ingredients like cocoa liquor, butter, and powder forms the core of this market. As consumer preferences evolve, there is a marked shift towards products with higher cocoa content and clear origin stories. Market dynamics are heavily influenced by the interplay between consumer trends, raw material price fluctuations, and technological innovation in processing techniques.

Global Cocoa Processing Market Drivers

Rising Global Demand for Chocolate: The expanding confectionery industry, particularly in emerging economies, acts as a primary driver, with chocolate being a key ingredient in a vast array of products.
Growing Awareness of Health Benefits: Increased consumer knowledge about the antioxidant properties and health benefits of cocoa, especially dark chocolate, is fueling demand for cocoa-rich products.
Increasing Disposable Income: In developing nations, rising disposable incomes are leading to higher spending on premium and indulgent food products, including high-quality chocolates and cocoa-based beverages.

Global Cocoa Processing Market Trends

Surge in Demand for Sustainable and Certified Cocoa: Consumers and manufacturers are increasingly prioritizing ethically sourced and certified (e.g., Fair Trade, Rainforest Alliance) cocoa, pushing for greater transparency in the supply chain.
Innovation in Processing and Product Application: Technological advancements are enabling the creation of novel cocoa products, such as specialty powders and butters for artisanal and health-food applications.
Premiumization and Single-Origin Products: A growing niche of consumers is seeking premium, single-origin cocoa products that offer unique flavor profiles, driving a trend towards artisanal and gourmet chocolate.

Global Cocoa Processing Market Restraints

Volatility in Raw Cocoa Bean Prices: The market is susceptible to price fluctuations caused by climate change, crop diseases, and political instability in major cocoa-producing countries.
Stringent Food Safety Regulations: Compliance with complex and evolving international food safety standards and regulations adds to the operational costs for processors.
Competition from Cocoa Alternatives: The development of cocoa butter equivalents (CBEs) and other substitutes poses a competitive threat, particularly in lower-end product segments.

Strategic Recommendations for Manufacturers To capitalize on market growth, manufacturers should prioritize strategic expansion into high-p...

The market value of cocoa in all regions worldwide is forecast to grow between 2020 and 2028. ****** is the region with largest market value and is forecast to be valued at just over ***** billion U.S. dollars by 2028.