Global Cocoa Market 2025-2035

Description

List of Tables

Cocoa Market Size, Share & Trends Analysis Report Product Type (Cocoa Butter, Cocoa Powder & Cake, and Cocoa Paste & Liquor) and by Application (Food & Beverage, Confectionery, Personal Care & Cosmetics, and Pharmaceuticals), Forecast Period (2025-2035)

Industry Overview

Cocoa market was valued at $25.68 billion in 2024 and is projected to reach $39.46 billion by 2035, growing at a CAGR of 4.1% during the forecast period (2025-2035). The global cocoa market is driven by increasing consumer demand for high-quality cocoa products. The expansion of applications in the food, confectionery, and personal care sectors is significantly contributing to market growth. Companies are investing in sustainable sourcing and advanced processing techniques to improve product quality and ensure a consistent supply. Rising awareness of premium and ethically produced cocoa is influencing purchasing decisions across major markets. Innovation in cocoa-based products is attracting diverse consumer segments and stimulating market activity. Collectively, these factors are reinforcing the sustained growth trajectory of the cocoa industry.

Market Dynamics

Rising Demand for Cocoa Beans in Food Manufacturing

The global cocoa market is witnessing significant growth driven by increased consumption of cocoa beans across various food segments. Companies such as Barry Callebaut are expanding their sourcing and processing capabilities to meet rising demand from chocolate and bakery manufacturers. Innovations in cocoa bean varieties and sustainable farming practices are further supporting production efficiency. Growing awareness of high-quality cocoa products among consumers is encouraging premium product launches. Additionally, partnerships between cocoa producers and food brands are enhancing supply chain integration. This trend reflects the central role of cocoa beans in shaping market dynamics.

Expansion of Cocoa-Based Confectionery Products

Confectionery continues to be a major driver of the cocoa market, fueled by rising global chocolate consumption. Ferrero Group has introduced new chocolate lines targeting diverse consumer tastes, highlighting the potential of cocoa in value-added products. The increasing popularity of artisanal and specialty chocolates is stimulating innovation in cocoa formulations. Retailers and manufacturers are focusing on ethically sourced cocoa to appeal to socially conscious buyers. Seasonal promotions and limited-edition products are further boosting demand. These factors collectively underscore the importance of confectionery in driving cocoa market expansion.

Market Segmentation

Based on the product type, the market is segmented into cocoa butter, cocoa powder & cake, and cocoa paste & liquor.
Based on the application, the market is segmented into food & beverage, confectionery, personal care & cosmetics, and pharmaceuticals.

Cocoa Beans Segment to Lead the Market with the Largest Share

The market growth is propelled by the rising incorporation of cocoa beans into both traditional and innovative food items. Barry Callebaut, a leading cocoa processor, has enhanced its product offerings to supply high-quality cocoa beans to global food manufacturers. The expansion of cocoa plantations in West Africa and Latin America is supporting a consistent supply. Consumer preference for premium chocolate products is also encouraging the adoption of specialty beans. Investments in sustainable farming methods are helping maintain quality and yield. Together, these aspects sustain the prominence of cocoa beans in the market.

Confectionery: A Key Segment in Market Growth

Cocoa's application in confectionery is a significant contributor to market expansion. Companies like Ferrero Group are leveraging cocoa to develop new chocolate-based products tailored for different regional tastes. Rising demand for dark and organic chocolates is encouraging innovation in cocoa blends. Seasonal campaigns and product diversification strategies are enhancing consumer engagement. Retail and online distribution channels are making these products more accessible worldwide. This segment continues to drive strong growth for the cocoa industry.

Regional Outlook

The global cocoa market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Increasing demand for Chocolate and Personal Care Products in North America

The North American cocoa market is expanding owing to strong demand in premium chocolate and personal care products. Hershey Company has been actively launching new cocoa-based confections to attract diverse consumer segments. The region's focus on quality and sustainability is encouraging the use of ethically sourced cocoa. Innovations in functional and indulgent chocolate products are boosting market growth. Retail partnerships and e-commerce expansion are improving accessibility. Collectively, these factors support a robust growth trajectory in North America.

Europe Region Dominates the Market with a Major Share

Europe's cocoa market is growing steadily, driven by confectionery demand and specialty chocolate consumption. Companies such as Mondelez International are investing in cocoa sourcing programs to ensure product quality and ethical compliance. The increasing preference for organic and fair-trade chocolate is shaping market trends. Seasonal and limited-edition product launches stimulate consumer interest. Strong collaborations between cocoa producers and food manufacturers enhance supply chain efficiency. These dynamics underline Europe's strategic importance in the global cocoa market.

Market Players Outlook

The major companies operating in the global cocoa market include Barry Callebaut AG, Cargill, Inc., Mondelez International, Inc., Nestle S.A., Olam Food Ingredients (Olam International Ltd.), among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.

Recent Developments

In September 2025, Barry Callebaut, the leading global cocoa and chocolate company, together with Maersk, celebrated the official opening of Asia's largest cocoa hub in September 2025. This development strengthens regional supply chains by supporting Barry Callebaut's processing sites throughout Asia-Pacific, highlighting increased investment and infrastructure for cocoa processing in the region.
In September 2025, Oat milk brand Oatly announced a limited-edition hot cocoa oat milk product in the US for the festive season. The product will be available in 32 fl oz cartons at Whole Foods Market stores nationwide from November 2025. It is described as chocolatey, creamy, gluten-free, non-GMO, and plant-based, catering to consumers seeking seasonal, premium, and functional beverages.

The Report Covers:

Market value data analysis of 2024 and forecast to 2035.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global cocoa market. Based on the availability of data, information related to new products and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2023474

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Global Cocoa Market Sales Analysis - Product Type | Application |($ Million)
Cocoa Market Sales Performance of Top Countries
1.1. Research Methodology
Primary Research Approach
Secondary Research Approach
1.2. Market Snapshot

2. Market Overview and Insights

2.1. Scope of the Study
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Cocoa Market Trends
- 2.2.2. Market Recommendations
2.3. Porter's Five Forces Analysis for the Cocoa Market
- 2.3.1. Competitive Rivalry
- 2.3.2. Threat of New Entrants
- 2.3.3. Bargaining Power of Suppliers
- 2.3.4. Bargaining Power of Buyers
- 2.3.5. Threat of Substitutes

3. Market Determinants

3.1. Market Drivers
- 3.1.1. Drivers For Global Cocoa Market: Impact Analysis
3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Cocoa Market: Impact Analysis
3.3. Market Opportunities

4. Competitive Landscape

4.1. Competitive Dashboard - Cocoa Market Revenue and Share by Manufacturers
Cocoa Product Comparison Analysis
Top Market Player Ranking Matrix
4.2. Key Company Analysis
- 4.2.1. Barry Callebaut AG
  - 4.2.1.1. Overview
  - 4.2.1.2. Product Portfolio
  - 4.2.1.3. Financial Analysis (Subject to Data Availability)
  - 4.2.1.4. SWOT Analysis
  - 4.2.1.5. Business Strategy
- 4.2.2. Cargill, Inc.
  - 4.2.2.1. Overview
  - 4.2.2.2. Product Portfolio
  - 4.2.2.3. Financial Analysis (Subject to Data Availability)
  - 4.2.2.4. SWOT Analysis
  - 4.2.2.5. Business Strategy
- 4.2.3. Mondelez International, Inc.
  - 4.2.3.1. Overview
  - 4.2.3.2. Product Portfolio
  - 4.2.3.3. Financial Analysis (Subject to Data Availability)
  - 4.2.3.4. SWOT Analysis
  - 4.2.3.5. Business Strategy
- 4.2.4. Nestle S.A
  - 4.2.4.1. Overview
  - 4.2.4.2. Product Portfolio
  - 4.2.4.3. Financial Analysis (Subject to Data Availability)
  - 4.2.4.4. SWOT Analysis
  - 4.2.4.5. Business Strategy
- 4.2.5. Olam Food Ingredients (Olam International Ltd.)
  - 4.2.5.1. Overview
  - 4.2.5.2. Product Portfolio
  - 4.2.5.3. Financial Analysis (Subject to Data Availability)
  - 4.2.5.4. SWOT Analysis
  - 4.2.5.5. Business Strategy
4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration

5. Global Cocoa Market Sales Analysis by Product Type ($ Million)

5.1. Cocoa Butter
5.2. Cocoa Powder & Cake
5.3. Cocoa Paste & Liquor

6. Global Cocoa Market Sales Analysis by Application ($ Million)

6.1. Food & Beverage
6.2. Confectionery
6.3. Personal Care &Cosmetics
6.4. Pharmaceuticals

7. Regional Analysis

7.1. North American Cocoa Market Sales Analysis - Product Type | Application |($ Million)
Macroeconomic Factors for North America
- 7.1.1. United States
- 7.1.2. Canada
7.2. European Cocoa Market Sales Analysis - Product Type | Application |($ Million)
Macroeconomic Factors for Europe
- 7.2.1. UK
- 7.2.2. Germany
- 7.2.3. Italy
- 7.2.4. Spain
- 7.2.5. France
- 7.2.6. Russia
- 7.2.7. Rest of Europe
7.3. Asia-Pacific Cocoa Market Sales Analysis - Product Type | Application |($ Million)
Macroeconomic Factors for Asia-Pacific
- 7.3.1. China
- 7.3.2. Japan
- 7.3.3. South Korea
- 7.3.4. India
- 7.3.5. Australia & New Zealand
- 7.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 7.3.7. Rest of Asia-Pacific
7.4. Rest of the World Cocoa Market Sales Analysis - Product Type | Application |($ Million)
Macroeconomic Factors for Rest of the World
- 7.4.1. Latin America
- 7.4.2. Middle East and Africa

8. Company Profiles

8.1. ADM (Archer Daniels Midland Company)
- 8.1.1. Quick Facts
- 8.1.2. Company Overview
- 8.1.3. Product Portfolio
- 8.1.4. Business Strategies
8.2. Barry Callebaut AG
- 8.2.1. Quick Facts
- 8.2.2. Company Overview
- 8.2.3. Product Portfolio
- 8.2.4. Business Strategies
8.3. Blommer Chocolate Company
- 8.3.1. Quick Facts
- 8.3.2. Company Overview
- 8.3.3. Product Portfolio
- 8.3.4. Business Strategies
8.4. Cargill, Inc.
- 8.4.1. Quick Facts
- 8.4.2. Company Overview
- 8.4.3. Product Portfolio
- 8.4.4. Business Strategies
8.5. Cemoi Group
- 8.5.1. Quick Facts
- 8.5.2. Company Overview
- 8.5.3. Product Portfolio
- 8.5.4. Business Strategies
8.6. ECOM Agroindustrial Corp.
- 8.6.1. Quick Facts
- 8.6.2. Company Overview
- 8.6.3. Product Portfolio
- 8.6.4. Business Strategies
8.7. Ferrero Group
- 8.7.1. Quick Facts
- 8.7.2. Company Overview
- 8.7.3. Product Portfolio
- 8.7.4. Business Strategies
8.8. Fuji Oil Holdings, Inc.
- 8.8.1. Quick Facts
- 8.8.2. Company Overview
- 8.8.3. Product Portfolio
- 8.8.4. Business Strategies
8.9. Guan Chong Berhad
- 8.9.1. Quick Facts
- 8.9.2. Company Overview
- 8.9.3. Product Portfolio
- 8.9.4. Business Strategies
8.10. Lindt & Sprungli AG
- 8.10.1. Quick Facts
- 8.10.2. Company Overview
- 8.10.3. Product Portfolio
- 8.10.4. Business Strategies
8.11. Mars, Inc.
- 8.11.1. Quick Facts
- 8.11.2. Company Overview
- 8.11.3. Product Portfolio
- 8.11.4. Business Strategies
8.12. Mondelez International, Inc.
- 8.12.1. Quick Facts
- 8.12.2. Company Overview
- 8.12.3. Product Portfolio
- 8.12.4. Business Strategies
8.13. Nestle S.A.
- 8.13.1. Quick Facts
- 8.13.2. Company Overview
- 8.13.3. Product Portfolio
- 8.13.4. Business Strategies
8.14. Olam International Ltd.
- 8.14.1. Quick Facts
- 8.14.2. Company Overview
- 8.14.3. Product Portfolio
- 8.14.4. Business Strategies
8.15. The Hershey Company
- 8.15.1. Quick Facts
- 8.15.2. Company Overview
- 8.15.3. Product Portfolio
- 8.15.4. Business Strategies