Global Cocoa & Chocolate Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Cocoa & Chocolate market size was valued at US$ 62800 million in 2024 and is forecast to a readjusted size of USD 82940 million by 2031 with a CAGR of 4.1% during review period.

The Cocoa & Chocolate market encompasses a wide range of products derived from cocoa beans, including cocoa butter, cocoa liquor, and cocoa powder, which are essential in the production of chocolate. Cocoa, a key ingredient, provides unique taste, flavor, and texture to food products, while also offering nutritional and functional benefits. Cocoa butter, prized for its favorable properties such as its melting point and contraction ability, gives chocolate its signature melt-in-the-mouth sensation, and it allows chocolates to easily release from molds during production. In addition to its role in confections, cocoa is also used to mask the bitter taste of medicinal tablets, making it a versatile ingredient in pharmaceutical applications.

The chocolate segment dominates the market, as it is the primary use of cocoa ingredients, followed by other applications such as food and beverage production, cosmetics, and pharmaceuticals. Beyond taste, cocoa products are valued for their health benefits, including their antioxidant properties, which contribute to their use in beauty and health-related industries. As a result, the market for cocoa and chocolate is broad, extending across several sectors, from confectionery to wellness products.

Market Overview

The global Cocoa & Chocolate market is highly competitive, with major players like Barry Callebaut, Cargill, Nestle SA, Mars, and Fuji Oil leading the industry. These top five manufacturers collectively account for approximately 50% of the global market share. Barry Callebaut, a Swiss company, holds a dominant position due to its extensive product portfolio and wide-ranging distribution network. Cargill, an American agribusiness, is another significant player, supplying cocoa products to a variety of industries. Nestle, Mars, and Fuji Oil also play crucial roles in both the cocoa and chocolate sectors, producing well-known branded products and supplying essential ingredients to food and beverage manufacturers worldwide.

Europe is the largest market for cocoa and chocolate, with a market share of around 35%. This is driven by the region’s strong tradition of chocolate consumption, advanced manufacturing capabilities, and proximity to key cocoa-producing regions. North America and Southeast Asia follow, jointly accounting for another 35% of the global market. North America’s demand is fueled by the popularity of chocolate and other cocoa-based products, while Southeast Asia is emerging as a growing market due to increasing disposable incomes and a rising appetite for confectionery and other luxury food items.

Market Trends and Growth Drivers

The cocoa and chocolate market is characterized by steady growth, with chocolate being the largest product segment, accounting for around 70% of the market. This dominance is largely driven by the high demand for chocolate products in confectionery, which remains the primary application for cocoa ingredients. The confectionery sector alone represents a significant portion of global cocoa consumption, with chocolate bars, candies, and premium chocolates leading sales. The food and beverage industry is another key driver of demand, with cocoa ingredients being used in a variety of products, including desserts, beverages, and dairy-based goods.

The cosmetics and pharmaceutical industries are also emerging as important sectors for cocoa-based products. Cocoa butter is widely used in skincare and beauty products due to its moisturizing and nourishing properties, making it a sought-after ingredient in lotions, creams, and lip balms. In pharmaceuticals, chocolate’s ability to mask unpleasant tastes has led to its use in medicinal tablets and supplements, further expanding the market for cocoa products.

Geographically, Europe remains the largest consumer market for cocoa and chocolate products, largely due to the high demand for premium chocolate and the region’s established chocolate-making heritage. However, emerging markets in Asia, particularly Southeast Asia, are becoming increasingly important as consumer preferences shift toward Western-style confections and luxury chocolate products. The growing middle class in countries like China and India is also contributing to increased consumption of chocolate, driving demand for cocoa in the region.

Challenges in the cocoa and chocolate market include fluctuations in cocoa bean prices, which can impact production costs and profitability for manufacturers. Additionally, increasing concerns about sustainable sourcing and ethical labor practices, particularly in cocoa-producing regions in West Africa, are shaping consumer expectations and influencing the way companies approach their supply chains. Despite these challenges, the market is expected to continue growing, driven by ongoing demand in traditional markets and emerging opportunities in new regions.

This report is a detailed and comprehensive analysis for global Cocoa & Chocolate market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Cocoa & Chocolate market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Cocoa & Chocolate market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Cocoa & Chocolate market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031

Global Cocoa & Chocolate market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Cocoa & Chocolate

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Cocoa & Chocolate market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Barry Callebaut, Cargill, Nestle SA, Mars, Hershey, FUJI OIL, Olam, Puratos, Cémoi, Irca, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Cocoa & Chocolate market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Cocoa
Chocolate

Market segment by Application
Confectionery
Bakery
Ice Cream
Others

Major players covered
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
FUJI OIL
Olam
Puratos
Cémoi
Irca
NATRA
Kerry Group
Ferrero
ECOM
Guan Chong
Mondelez
Clasen
Morde Foods
EUROCAO
DP Chocolates
Cocoa-linna
Apple Flavor & Fragrance Group
Shanghai Yicheng Food

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Cocoa & Chocolate product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Cocoa & Chocolate, with price, sales quantity, revenue, and global market share of Cocoa & Chocolate from 2020 to 2025.

Chapter 3, the Cocoa & Chocolate competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Cocoa & Chocolate breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Cocoa & Chocolate market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Cocoa & Chocolate.

Chapter 14 and 15, to describe Cocoa & Chocolate sales channel, distributors, customers, research findings and conclusion.