Cocoa Market, By Nature (Organic and Conventional), By Process (Natural and Dutch), By Product Type (Cocoa Powder, Cocoa Butter, and Cocoa Liquor), By Application (Confectioner, Functional Food, Bakery Items, Beverages, and Cosmetics), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The cocoa Market size is valued at US$ 14 Bn in 2024 and is expected to reach US$ 18.5 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
Figure 1. Global Cocoa Market Share (%), By Region, 2024
The global cocoa market has been witnessing steady growth over the past few years, primarily driven by the increasing demand for cocoa and its products across various end-use industries. Cocoa beans are the principal raw materials used in chocolate, cocoa powder, and cocoa butter manufacturing. Emerging economies with rising disposable incomes, such as India, China, and countries in Southeast Asia, have been bolstering the growth of the cocoa market. Cocoa is derived from a tree called Theobroma cacao or cacao tree, which is found in deep tropical areas. The market is driven by the rising applications of cocoa across industries such as pharmaceutical, confectionery, and food & beverage due to its several benefits. Moreover, evolving consumer preferences toward healthier confectionery products made from natural cocoa ingredients are supporting the market expansion. However, fluctuating cocoa prices owing to unstable crop yields and volatility in currency exchange rates often pose challenges to the stable growth of the market.
Market Dynamics:
The global cocoa market is mainly driven by the steady demand for chocolates and confectioneries, along with innovations in cocoa-based product offerings. However, volatile cocoa prices due to uncertain climatic conditions affecting crop yields act as a major restraint. The market players can gain new opportunities by developing organic, fair trade, and health-focused cocoa products to cater to changing consumer preferences. The growing application of cocoa in industries such as pharmaceuticals, food & beverages, cosmetics, and confectionery is boosting the growth of the global cocoa market. Furthermore, expansion in emerging economies through focused marketing strategies can further aid market growth prospects in the coming years.
Key features of the study:
- This report provides in-depth analysis of the global cocoa market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global cocoa market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include The Barry Callebaut Group, The Hershey Company, Nestlé S.A., Cargill Incorporated, Puratos Group, Cémoi, Mars, Incorporated, Blommer Chocolate Company, Meiji Holdings Company, Ltd., Carlyle Cocoa, Jindal Cocoa, and United Cocoa Processor.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- The global cocoa market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global cocoa market.
- Global Cocoa Market, By Nature
- Organic
- Conventional
- Global Cocoa Market, By Process
- Natural
- Dutch
- Global Cocoa Market, By Product Type
- Cocoa Powder
- Cocoa Butter
- Cocoa Liquor
- Global Cocoa Market, By Application
- Confectionery
- Functional Food
- Bakery Items
- Beverages
- Cosmetics
- Pharmaceuticals
- Global Cocoa Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Top Companies in the Global Cocoa Market
- The Barry Callebaut Group
- The Hershey Company
- Nestlé S.A.
- Cargill Incorporated
- Puratos Group
- Cémoi
- Mars, Incorporated
- Blommer Chocolate Company
- Meiji Holdings Company, Ltd.
- Carlyle Cocoa
- Jindal Cocoa
- United Cocoa Processor
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Nature
- Market Snippet, By Process
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- The growing demand for dark and premium chocolates around the globe
- Increasing production of cocoa coupled with the rising adoption of advanced technology for processing and manufacturing of cocoa Economic Drivers
- Restraints
- Changing government regulations affects the production and selling policies of cocoa
- Opportunities
- Growing demand for cocoa beans from the pharmaceutical industry
- Increasing use of cocoa in the formulation of healthy beverages
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Cocoa Market – Impact of Coronavirus (Covid-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Cocoa Market, By Nature, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Organic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Conventional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- 6. Global Cocoa Market, By Process, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Natural
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Dutch
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- 7. Global Cocoa Market, By Product Type, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Cocoa Powder
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Cocoa Butter
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Cocoa Liquor
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- 8. Global Cocoa Market, By Application, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 – 2031
- Segment Trends
- Confectionery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Functional Food
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Bakery Items
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 – 2031, (US$ Bn)
- 9. Global Cocoa Market, By Region, 2019 - 2031 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, By Region, 2019 – 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Nature, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Nature, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Nature, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Nature, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031,(US$ Bn)
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Nature, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 – 2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 – 2031, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (US$ Bn)
- GCC
- Israel
- Rest of Middle East
- 10. Competitive Landscape
- Company Profiles
- The Barry Callebaut Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- The Hershey Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Nestlé S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Cargill Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Puratos Group
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Cémoi
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Mars, Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Blommer Chocolate Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Meiji Holdings Company, Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Carlyle Cocoa
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- Jindal Cocoa
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- United Cocoa Processor
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Strategies
- 11. Section
- References
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Global Cocoa Market” - Global forecast to 2031
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