Cocoa Market, By Nature, By Process, By Product Type, By Application, By Geography

Description

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.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 14 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	4.10%	2030/2031 Value Projection:	US$ 18.5 Bn

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, Nestle S.A., Cargill Incorporated, Puratos Group, Cemoi, 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.

Detailed Segmentation:

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
- Nestle S.A.
- Cargill Incorporated
- Puratos Group
- Cemoi
- Mars, Incorporated
- Blommer Chocolate Company
- Meiji Holdings Company, Ltd.
- Carlyle Cocoa
- Jindal Cocoa
- United Cocoa Processor

Product Code: CMI1056

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
- Nestle 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
- Cemoi
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