How big is the Cocoa Market | Global Size & Key Drivers 2025

Q: What is the current size of the cocoa market?

The cocoa market was valued at USD 14.2 billion in 2024 and is projected to reach USD 24.6 billion by 2031.

Q: What is the growth rate of the cocoa market?

The cocoa market is expected to grow at a CAGR of 8.3% during the forecast period of 2025 to 2031.

Q: Which applications contribute the most in the cocoa market?

Chocolate and confectionery, beverages, bakery, cosmetics, personal care, and functional foods.

Q: What is driving demand in the cocoa market?

Chocolate consumption, health trends, clean-label products, and growing use in non-food sectors.

Q: What challenges does the cocoa market face?

Climate change impact on crop yield, price fluctuations, ethical sourcing concerns, and supply chain disruptions.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5479

Publication Date: Jul 2025

How big is the Cocoa Market?

According to 6Wresearch internal database and industry insights, the Global cocoa market was valued at approximately USDâ€¯14.2â€¯billion in 2024 and is projected to reach USDâ€¯24.6â€¯billion by 2031, growing at a CAGR of 8.3%.

This growth is fueled by rising global chocolate consumption, increased demand for cocoa-based food and beverage products, and the expanding use of cocoa in cosmetics, pharmaceuticals, and functional foods.

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Key Growth Drivers of the Cocoa Market

Growing demand for chocolate and confectionery products worldwide
Rising popularity of cocoa-based beverages and snacks
Increased use of cocoa in nutraceuticals and skincare formulations
Expansion of the bakery and food service industry
Consumer preference for dark chocolate and premium cocoa products

Cocoa Market Trends

The Cocoa Market is witnessing a surge in demand for single-origin, organic, and fair-trade cocoa, driven by ethical sourcing and health-conscious consumers. In the food industry, cocoa is being incorporated into protein bars, cereals, and dairy products. Innovations include high-flavanol cocoa for health benefits and cocoa powder with enhanced solubility. In non-food applications, cocoa extract is gaining popularity in personal care due to its antioxidant and anti-inflammatory properties.

Emerging Developments in the Cocoa Market

The new trends on the cocoa market are the increased deployment of precision fermentation and biotechnology in the production of cocoa viable options without conventional agriculture. This will minimize environmental consciousness as well as improve product uniformity. Major players are adopting blockchain-based traceability systems, where there would be transparency, fair-trade, and ethical sourcing in the entire supply chain. Investments in climate-resistant cocoa farming are increasing, and they are trying to create cocoa plants that are resistant to drought and against diseases to control the risk of climate change. Companies are going to vertical and controlled-environment agriculture as a way of increasing productivity and providing high levels of consistency.