The global Cocoa market size was valued at US$ 16400 million in 2024 and is forecast to a readjusted size of USD 19970 million by 2031 with a CAGR of 2.9% during review period.
The cocoa industry is a highly developed and mature sector focused on the production and processing of cocoa beans, which are the key ingredient in chocolate and various other products. Cocoa is derived from the seeds of the Theobroma cacao tree, primarily grown in tropical regions, especially in West Africa, Latin America, and parts of Southeast Asia. After harvesting, cocoa beans undergo a series of processing steps, including fermentation, drying, and roasting, to produce cocoa liquor, cocoa butter, and cocoa powder, which serve as the essential components in chocolate manufacturing.
The industry is divided into two broad categories: the open market, where companies purchase cocoa beans to produce cocoa products for sale to other manufacturers, and the captive market, where vertically integrated companies use cocoa primarily for their own chocolate production. Companies in this industry produce a range of products including raw cocoa, chocolate, and semi-finished cocoa products, which are supplied to food and beverage manufacturers, confectioneries, bakeries, and the cosmetics industry.
麻豆原创 Overview
The cocoa and chocolate industry is highly competitive, with numerous well-established companies operating in both the open and captive markets. Barry Callebaut, a Swiss company, is the leader in the open market segment, holding the largest share of 20.25% of the global market. Barry Callebaut鈥檚 dominance stems from its wide-ranging production capabilities, which include supplying cocoa and chocolate products to food manufacturers worldwide. Cargill, an American agribusiness, is another major player in the open market, focusing on processing cocoa beans and supplying cocoa products to various industries.
In the captive market, where companies use cocoa for their own product lines, global giants like Nestle, Mars, and Hershey lead the industry. These companies control significant market shares by producing branded chocolate products for mass consumption. Their vertical integration enables them to manage the entire production process, from sourcing cocoa beans to producing finished chocolate goods, giving them a strong foothold in the global chocolate industry. This captive market strategy allows these companies to maintain control over their supply chains and manage product quality more effectively.
麻豆原创 Trends and Regional Consumption Analysis
The global consumption of cocoa continues to experience steady growth, with an average annual growth rate of 2.36%. Europe stands out as the largest consumer of cocoa, accounting for 52.65% of the world鈥檚 total consumption volume. This dominance is driven by several factors. First, Europe鈥檚 proximity to major cocoa-producing regions in West Africa ensures a stable supply of cocoa beans. Additionally, European countries have access to advanced processing technologies and machinery, which facilitate efficient production of high-quality cocoa products. Moreover, Europe is home to some of the largest chocolate consumers globally, further fueling demand for cocoa.
The high demand for chocolate in Europe, especially in countries like Switzerland, Germany, and Belgium, plays a crucial role in driving the region鈥檚 cocoa consumption. The presence of well-established chocolate brands and a strong tradition of chocolate-making has solidified Europe鈥檚 position as a key player in the global cocoa market. North America is another significant consumer, driven by the popularity of chocolate and confectionery products, particularly in the United States. Asia-Pacific is an emerging market for cocoa, with rising disposable incomes and growing interest in Western confectionery, particularly in countries like China and India.
Despite the positive outlook, the cocoa industry faces several challenges, including fluctuations in cocoa bean prices, which can impact profitability for producers and manufacturers. Additionally, concerns about sustainable sourcing and ethical labor practices are increasingly influencing consumer preferences, pushing companies to adopt more transparent and responsible cocoa sourcing strategies. Nonetheless, with the growing global demand for chocolate products, the cocoa industry is expected to continue expanding, supported by technological advancements and efforts to create more sustainable supply chains.
This report is a detailed and comprehensive analysis for global Cocoa 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 market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Cocoa 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 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 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
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 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, Blommer (FUJI OIL), Olam, Puratos, 颁茅尘辞颈, Irca, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
麻豆原创 Segmentation
Cocoa 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.
麻豆原创 segment by Type
Cocoa Liquor
Cocoa Butter
Cocoa Powder
麻豆原创 segment by Application
Confectionery
Food and Beverage
Cosmetics
Others
Major players covered
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer (FUJI OIL)
Olam
Puratos
颁茅尘辞颈
Irca
NATRA
Kerry Group
Ferrero
ECOM
Guan Chong
Mondelez
麻豆原创 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 product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Cocoa, with price, sales quantity, revenue, and global market share of Cocoa from 2020 to 2025.
Chapter 3, the Cocoa competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Cocoa 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 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.
Chapter 14 and 15, to describe Cocoa sales channel, distributors, customers, research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 麻豆原创 Analysis by Type
1.3.1 Overview: Global Cocoa Consumption Value by Type: 2020 Versus 2024 Versus 2031
1.3.2 Cocoa Liquor
1.3.3 Cocoa Butter
1.3.4 Cocoa Powder
1.4 麻豆原创 Analysis by Application
1.4.1 Overview: Global Cocoa Consumption Value by Application: 2020 Versus 2024 Versus 2031
1.4.2 Confectionery
1.4.3 Food and Beverage
1.4.4 Cosmetics
1.4.5 Others
1.5 Global Cocoa 麻豆原创 Size & Forecast
1.5.1 Global Cocoa Consumption Value (2020 & 2024 & 2031)
1.5.2 Global Cocoa Sales Quantity (2020-2031)
1.5.3 Global Cocoa Average Price (2020-2031)
2 Manufacturers Profiles
2.1 Barry Callebaut
2.1.1 Barry Callebaut Details
2.1.2 Barry Callebaut Major Business
2.1.3 Barry Callebaut Cocoa Product and Services
2.1.4 Barry Callebaut Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.1.5 Barry Callebaut Recent Developments/Updates
2.2 Cargill
2.2.1 Cargill Details
2.2.2 Cargill Major Business
2.2.3 Cargill Cocoa Product and Services
2.2.4 Cargill Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.2.5 Cargill Recent Developments/Updates
2.3 Nestle SA
2.3.1 Nestle SA Details
2.3.2 Nestle SA Major Business
2.3.3 Nestle SA Cocoa Product and Services
2.3.4 Nestle SA Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.3.5 Nestle SA Recent Developments/Updates
2.4 Mars
2.4.1 Mars Details
2.4.2 Mars Major Business
2.4.3 Mars Cocoa Product and Services
2.4.4 Mars Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.4.5 Mars Recent Developments/Updates
2.5 Hershey
2.5.1 Hershey Details
2.5.2 Hershey Major Business
2.5.3 Hershey Cocoa Product and Services
2.5.4 Hershey Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.5.5 Hershey Recent Developments/Updates
2.6 Blommer (FUJI OIL)
2.6.1 Blommer (FUJI OIL) Details
2.6.2 Blommer (FUJI OIL) Major Business
2.6.3 Blommer (FUJI OIL) Cocoa Product and Services
2.6.4 Blommer (FUJI OIL) Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.6.5 Blommer (FUJI OIL) Recent Developments/Updates
2.7 Olam
2.7.1 Olam Details
2.7.2 Olam Major Business
2.7.3 Olam Cocoa Product and Services
2.7.4 Olam Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.7.5 Olam Recent Developments/Updates
2.8 Puratos
2.8.1 Puratos Details
2.8.2 Puratos Major Business
2.8.3 Puratos Cocoa Product and Services
2.8.4 Puratos Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.8.5 Puratos Recent Developments/Updates
2.9 颁茅尘辞颈
2.9.1 颁茅尘辞颈 Details
2.9.2 颁茅尘辞颈 Major Business
2.9.3 颁茅尘辞颈 Cocoa Product and Services
2.9.4 颁茅尘辞颈 Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.9.5 颁茅尘辞颈 Recent Developments/Updates
2.10 Irca
2.10.1 Irca Details
2.10.2 Irca Major Business
2.10.3 Irca Cocoa Product and Services
2.10.4 Irca Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.10.5 Irca Recent Developments/Updates
2.11 NATRA
2.11.1 NATRA Details
2.11.2 NATRA Major Business
2.11.3 NATRA Cocoa Product and Services
2.11.4 NATRA Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.11.5 NATRA Recent Developments/Updates
2.12 Kerry Group
2.12.1 Kerry Group Details
2.12.2 Kerry Group Major Business
2.12.3 Kerry Group Cocoa Product and Services
2.12.4 Kerry Group Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.12.5 Kerry Group Recent Developments/Updates
2.13 Ferrero
2.13.1 Ferrero Details
2.13.2 Ferrero Major Business
2.13.3 Ferrero Cocoa Product and Services
2.13.4 Ferrero Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.13.5 Ferrero Recent Developments/Updates
2.14 ECOM
2.14.1 ECOM Details
2.14.2 ECOM Major Business
2.14.3 ECOM Cocoa Product and Services
2.14.4 ECOM Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.14.5 ECOM Recent Developments/Updates
2.15 Guan Chong
2.15.1 Guan Chong Details
2.15.2 Guan Chong Major Business
2.15.3 Guan Chong Cocoa Product and Services
2.15.4 Guan Chong Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.15.5 Guan Chong Recent Developments/Updates
2.16 Mondelez
2.16.1 Mondelez Details
2.16.2 Mondelez Major Business
2.16.3 Mondelez Cocoa Product and Services
2.16.4 Mondelez Cocoa Sales Quantity, Average Price, Revenue, Gross Margin and 麻豆原创 Share (2020-2025)
2.16.5 Mondelez Recent Developments/Updates
3 Competitive Environment: Cocoa by Manufacturer
3.1 Global Cocoa Sales Quantity by Manufacturer (2020-2025)
3.2 Global Cocoa Revenue by Manufacturer (2020-2025)
3.3 Global Cocoa Average Price by Manufacturer (2020-2025)
3.4 麻豆原创 Share Analysis (2024)
3.4.1 Producer Shipments of Cocoa by Manufacturer Revenue ($MM) and 麻豆原创 Share (%): 2024
3.4.2 Top 3 Cocoa Manufacturer 麻豆原创 Share in 2024
3.4.3 Top 6 Cocoa Manufacturer 麻豆原创 Share in 2024
3.5 Cocoa 麻豆原创: Overall Company Footprint Analysis
3.5.1 Cocoa 麻豆原创: Region Footprint
3.5.2 Cocoa 麻豆原创: Company Product Type Footprint
3.5.3 Cocoa 麻豆原创: Company Product Application Footprint
3.6 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Cocoa 麻豆原创 Size by Region
4.1.1 Global Cocoa Sales Quantity by Region (2020-2031)
4.1.2 Global Cocoa Consumption Value by Region (2020-2031)
4.1.3 Global Cocoa Average Price by Region (2020-2031)
4.2 North America Cocoa Consumption Value (2020-2031)
4.3 Europe Cocoa Consumption Value (2020-2031)
4.4 Asia-Pacific Cocoa Consumption Value (2020-2031)
4.5 South America Cocoa Consumption Value (2020-2031)
4.6 Middle East & Africa Cocoa Consumption Value (2020-2031)
5 麻豆原创 Segment by Type
5.1 Global Cocoa Sales Quantity by Type (2020-2031)
5.2 Global Cocoa Consumption Value by Type (2020-2031)
5.3 Global Cocoa Average Price by Type (2020-2031)
6 麻豆原创 Segment by Application
6.1 Global Cocoa Sales Quantity by Application (2020-2031)
6.2 Global Cocoa Consumption Value by Application (2020-2031)
6.3 Global Cocoa Average Price by Application (2020-2031)
7 North America
7.1 North America Cocoa Sales Quantity by Type (2020-2031)
7.2 North America Cocoa Sales Quantity by Application (2020-2031)
7.3 North America Cocoa 麻豆原创 Size by Country
7.3.1 North America Cocoa Sales Quantity by Country (2020-2031)
7.3.2 North America Cocoa Consumption Value by Country (2020-2031)
7.3.3 United States 麻豆原创 Size and Forecast (2020-2031)
7.3.4 Canada 麻豆原创 Size and Forecast (2020-2031)
7.3.5 Mexico 麻豆原创 Size and Forecast (2020-2031)
8 Europe
8.1 Europe Cocoa Sales Quantity by Type (2020-2031)
8.2 Europe Cocoa Sales Quantity by Application (2020-2031)
8.3 Europe Cocoa 麻豆原创 Size by Country
8.3.1 Europe Cocoa Sales Quantity by Country (2020-2031)
8.3.2 Europe Cocoa Consumption Value by Country (2020-2031)
8.3.3 Germany 麻豆原创 Size and Forecast (2020-2031)
8.3.4 France 麻豆原创 Size and Forecast (2020-2031)
8.3.5 United Kingdom 麻豆原创 Size and Forecast (2020-2031)
8.3.6 Russia 麻豆原创 Size and Forecast (2020-2031)
8.3.7 Italy 麻豆原创 Size and Forecast (2020-2031)
9 Asia-Pacific
9.1 Asia-Pacific Cocoa Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Cocoa Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Cocoa 麻豆原创 Size by Region
9.3.1 Asia-Pacific Cocoa Sales Quantity by Region (2020-2031)
9.3.2 Asia-Pacific Cocoa Consumption Value by Region (2020-2031)
9.3.3 China 麻豆原创 Size and Forecast (2020-2031)
9.3.4 Japan 麻豆原创 Size and Forecast (2020-2031)
9.3.5 South Korea 麻豆原创 Size and Forecast (2020-2031)
9.3.6 India 麻豆原创 Size and Forecast (2020-2031)
9.3.7 Southeast Asia 麻豆原创 Size and Forecast (2020-2031)
9.3.8 Australia 麻豆原创 Size and Forecast (2020-2031)
10 South America
10.1 South America Cocoa Sales Quantity by Type (2020-2031)
10.2 South America Cocoa Sales Quantity by Application (2020-2031)
10.3 South America Cocoa 麻豆原创 Size by Country
10.3.1 South America Cocoa Sales Quantity by Country (2020-2031)
10.3.2 South America Cocoa Consumption Value by Country (2020-2031)
10.3.3 Brazil 麻豆原创 Size and Forecast (2020-2031)
10.3.4 Argentina 麻豆原创 Size and Forecast (2020-2031)
11 Middle East & Africa
11.1 Middle East & Africa Cocoa Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Cocoa Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Cocoa 麻豆原创 Size by Country
11.3.1 Middle East & Africa Cocoa Sales Quantity by Country (2020-2031)
11.3.2 Middle East & Africa Cocoa Consumption Value by Country (2020-2031)
11.3.3 Turkey 麻豆原创 Size and Forecast (2020-2031)
11.3.4 Egypt 麻豆原创 Size and Forecast (2020-2031)
11.3.5 Saudi Arabia 麻豆原创 Size and Forecast (2020-2031)
11.3.6 South Africa 麻豆原创 Size and Forecast (2020-2031)
12 麻豆原创 Dynamics
12.1 Cocoa 麻豆原创 Drivers
12.2 Cocoa 麻豆原创 Restraints
12.3 Cocoa Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
13 Raw Material and Industry Chain
13.1 Raw Material of Cocoa and Key Manufacturers
13.2 Manufacturing Costs Percentage of Cocoa
13.3 Cocoa Production Process
13.4 Industry Value Chain Analysis
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Cocoa Typical Distributors
14.3 Cocoa Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
Blommer (FUJI OIL)
Olam
Puratos
颁茅尘辞颈
Irca
NATRA
Kerry Group
Ferrero
ECOM
Guan Chong
Mondelez
听
听
*If Applicable.