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Cocoa Products Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

Published Aug 13, 2025
Length 165 Pages
SKU # EMAR20436327

Description

The cocoa products market was valued at USD 34.75 Billion in 2024 The market is being driven by the growing health consciousness, the rising demand.

The global cocoa products market is influenced by a strong and steady demand from the food and beverage industry. This industry uses cocoa derivatives, especially cocoa powder, butter, and liquor, in many applications such as baking, candy, dairy, drinks, and snacks. As individuals globally consume more indulgent and premium food products, especially in emerging markets, the need for cocoa-based ingredients also increases. Another important factor is the growing consumer interest in premium, functional, and ethically sourced chocolate and cocoa products. This trend encourages manufacturers to adopt bean-to-bar models, source single-origin or fine-flavour cocoa, and pursue certifications like Fairtrade and Rainforest Alliance. In addition, new product formulations, including sugar-free, organic, and fortified cocoa offerings, are broadening cocoa’s appeal in health-focused and speciality food categories. At the same time, advancements in farming and processing technologies are enhancing yield quality, traceability, and supply chain transparency, which supports sustainable growth. Finally, rising disposable incomes in Asia-Pacific and Latin America, along with increased urbanisation and changing eating habits, are creating new markets and strengthening global cocoa demand in both food and non-food sectors.

Key Trends and Developments

Rising health consciousness; the increasing focus on sustainability; flavour and product format innovations; and technological advancements in cocoa processing are favouring the cocoa products market expansion.

February 2025

Clasen Quality Chocolate announced a USD 230 million investment to establish a new manufacturing facility in Frederick County, Virginia, creating 250 jobs. The plant, located at Valley Innovation Park, will support growing demand and expand global reach through the Port of Virginia. Backed by state and local incentives, including workforce training and infrastructure grants, the project strengthens Clasen’s national presence and supports regional economic development in the fast-growing Mid-Atlantic corridor.

September 2024

Blommer Chocolate announced an USD 80 million expansion of its Campbellford facility with the project set for completion by 2026, allowing it boost production by 53 million lbs annually and create 35 new jobs. It includes a sugar-free compound coating line, ice cream coating capabilities, and enhanced capacity to serve bakery, frozen novelty, and nutrition markets with advanced cocoa applications.

April 2024

Barry Callebaut launched MALEO cocoa powder across Asia Pacific. Available in 10/12 and 22/24 variants, MALEO supports up to 20% less usage while maintaining quality. It enhances baking and dusting with better consistency and texture, offering cost-effective solutions for regional markets.

May 2024

Lindt & Sprüngli inaugurated a USD 111 million expansion of its Olten cocoa mass plant, doubling production capacity. The upgrade includes new production lines, a lab, and a modern loading hall, supplying Swiss-standard cocoa mass to several Lindt sites across Europe.

Supply Chain Issues and Climate Challenges

As West Africa, the traditional backbone of global cocoa supply, deals with ongoing production issues like climate change, ageing plantations, and regulatory challenges, the industry is seeing a shift in sourcing. New cocoa-producing areas in Latin America and non-traditional regions of Africa are becoming more important. Countries such as Brazil and Ecuador, along with Nigeria, Uganda, and Cameroon, are working to position themselves as viable alternatives by investing in farming infrastructure, modern techniques, and better logistics to improve their global competitiveness. Brazil is expanding large-scale cocoa farms to meet industrial demand. Ecuador is using its reputation for fine-flavour cocoa to cater to premium and bean-to-bar markets. In West Africa, Nigeria is boosting its export efforts with support from government-led initiatives aimed at enhancing productivity and improving farmers' lives. This shift in geography is important for reducing supply chain risk and decreasing reliance on a few key producers. In response to rising regional demand, Barry Callebaut opened its third manufacturing facility in India in November 2022. This move reflects a broader trend of global companies adjusting their operations to support diverse sourcing and respond to changing market needs.

Rising Demand for Quality and Sustainable Cocoa

Consumers are more interested in ethically sourced and high-quality cocoa, which is reshaping the industry. In big markets like Europe, North America, and parts of Asia, there’s a growing demand for organic, single-origin, or sustainably certified products from groups like Fairtrade and Rainforest Alliance. This trend is pushing top chocolate makers to create traceable supply chains and invest in direct sourcing to offer better prices and support to farmers. Plus, people care more about labour practices, especially regarding child labour, which is pushing brands to be clear and compliant about their sourcing.

Tech Innovations in Farming and Processing

Technological developments in cocoa farming and processing are important for improving efficiency, quality, and sustainability in the global cocoa and chocolate value chain. In farming, new methods like precision farming, satellite crop monitoring, climate-resilient seeds, and mobile agronomic advice are being used to boost yield consistency and address issues like climate change, pests, and soil decline. Digital platforms allow farmers to collect real-time data, helping them make better choices about planting, fertilizing, and harvesting.

In processing, the use of automated roasting systems, AI quality control, and blockchain for traceability is improving product consistency, safety, and supply chain transparency. These technologies lower operational costs and waste while supporting compliance with environmental, social, and governance goals and regulations, especially for traceable and sustainably sourced cocoa.

Cocoa Products Industry Segmentation 

The Expert Market Research’s report titled “Global Cocoa Products Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type
  • Cocoa Butter
  • Cocoa Powder
  • Cocoa Liquor
Cocoa butter holds the dominant position in the cocoa products market, primarily due to its essential role in chocolate manufacturing and its versatile applications across various industries. Extracted during the cocoa grinding process, cocoa butter provides the rich, smooth texture that defines premium chocolate. It is a crucial ingredient not only in confectionery but also in cosmetics, pharmaceuticals, and personal care products due to its moisturizing and emollient properties.

In chocolate production, cocoa butter typically constitutes up to 25–30% of the final product, particularly in dark and milk chocolate varieties. With rising global demand for high-quality and premium chocolates, the need for consistent, food-grade cocoa butter continues to grow. Major brands are expanding product lines that emphasize cocoa butter as a key ingredient, boosting its market share further.

Market Breakup by Application
  • Confectionery
  • Food and Beverages
  • Cosmetics
  • Pharmaceutical
  • Others
Confectionery, in particular, accounts for a significant share of the global cocoa products market. Leading international brands are constantly coming up with new flavours, textures, and health-conscious options (like sugar-free, organic, or high-cocoa content products) to cater to changing consumer tastes. In the beverage sector, cocoa is a crucial ingredient in flavored milks, hot drinks, nutritional shakes, and ready-to-drink (RTD) chocolate beverages, driving even more demand. Additionally, the foodservice and hospitality industries heavily depend on cocoa-based products for desserts and gourmet offerings. As urbanization, disposable income, and snacking culture grow in emerging markets, particularly in Asia and Latin America, so does the appetite for chocolate-infused foods and drinks.

Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Europe holds a significant share in the global cocoa products market, particularly in the milk chocolate category. The region’s long-standing chocolate culture, advanced manufacturing capabilities, and high per capita chocolate consumption have positioned it as the world leader in both production and consumption. Countries like Switzerland, Germany, the UK, Belgium, and France have deep-rooted traditions of milk chocolate production and are home to globally recognized brands such as Lindt, Milka, Ferrero, and Cadbury. Regulatory emphasis on quality, traceability, and sustainability has also reinforced Europe’s leadership in responsible chocolate production. Initiatives to support fair trade and reduce deforestation have gained significant traction among European consumers, adding value to the milk chocolate segment.

Global Cocoa Products Market Share

Cocoa butter is projected to register the highest growth rate in cocoa products market

The demand for cocoa butter in the global cocoa products market is being significantly boosted by the rising consumption of dark chocolate, especially among premium and health-conscious consumers. Dark chocolate recipes usually need more cocoa butter than milk chocolate. In 2024 and into 2025, there has been a clear shift in consumer preference toward dark chocolate because of its perceived health benefits, such as its antioxidant content and lower sugar levels. As consumers increasingly seek single-origin and bean-to-bar chocolates, manufacturers are responding by improving cocoa content and highlighting cocoa butter quality in their products. Additionally, the clean-label movement has pushed brands to use fewer additives, making cocoa butter even more important as a natural fat that adds flavor and functionality. This demand not only raises cocoa butter's role in product development but also influences sourcing strategies focused on quality, sustainability, and traceability in premium chocolate supply chains.

The Food and Beverage sector holds a leading position within the application segment

The food and beverage industry is the largest and most influential part of the global cocoa products market. It accounts for most of the use of cocoa-derived products worldwide. This dominance comes from the widespread use of cocoa powder, cocoa butter, and cocoa liquor in many food applications, like bakery items, dairy products, sweets, snacks, sauces, and desserts. Cocoa ingredients are also commonly added to drinks, including chocolate-flavored milk and ready-to-drink options, as well as specialty hot and cold beverages. As consumers increasingly want indulgent, high-quality, and functional foods, manufacturers are broadening their cocoa-based products across various categories. This widespread use makes the food and beverage segment the main driver of demand in the global cocoa products market. It significantly impacts sourcing trends, product innovation, and supply chain dynamics.

Competitive Landscape

The global cocoa products market is highly competitive, with major companies and regional players adopting various strategies to enhance sales and boost their consumer base through product innovation and geographical spread. Big players like Barry Callebaut, Cargill, Olam International, and Mondelez International have impressive supply chains from sourcing cocoa to creating end products. They rely on global networks to make sure they get their raw materials, mainly from West Africa, to keep supplies steady, even when there is supply chain issues. Also, many players strive to offer various products that meet the growing demands for quality and sustainability among consumers. Moreover, many market players are also investing in sustainable sourcing and forming direct partnerships with farmers to ensure a reliable supply and boost social responsibility.

The Hershey Company

Founded in 1894 in Pennsylvania, Hershey is one of the world’s largest chocolate companies. Known for its popular chocolate brands, Hershey also sources cocoa products like cocoa liquor and butter. They focus on ethical sourcing and sustainability with initiatives like Cocoa for Good, which aims to improve farming practices and support local communities in West Africa.

Barry Callebaut AG

Established in 1996 and based in Zurich, Switzerland, Barry Callebaut is a leading manufacturer of high-quality chocolate and cocoa products. They collaborate with food makers and retailers in major cocoa-producing areas and manage various steps of the supply chain, from sourcing and grinding to innovation and distribution.

Cocoa Processing Company Limited (CPC)

Based in Tema, Ghana, CPC has been a key player in West Africa’s cocoa processing since 1965. They turn locally sourced cocoa into products like cocoa liquor, butter, powder, and chocolate. By processing cocoa close to the source, CPC helps Ghana add local value. Their location and support from the government provide them with a competitive edge in the industry.

Olam Food Ingredients (OFI)

OFI is involved in every step of the cocoa value chain, from sourcing in farming countries to processing for consumers. They focus on sustainability and transparency through their AtSource platform, investing in traceable and responsible cocoa. With a wide range of products and a solid presence in cocoa-growing areas, OFI is a key supplier to many major chocolate and food brands worldwide.

Other key players in the cocoa products market report are United Cocoa Processor, Inc., Jindal Cocoa, Fuji Oil Co., Ltd., among others.

Key Features of the Report
  • Comprehensive quantitative analysis of global cocoa products market trends, covering cocoa butter, cocoa powder, cocoa liquor, and finished chocolate goods.
  • Detailed regional and segment-wise analysis to enable accurate and granular market forecasting.
  • In-depth insights into key market drivers, including rising demand for premium chocolate, ethical sourcing, and sustainability in the cocoa value chain.
  • Competitive landscape profiling of top cocoa processors, chocolate manufacturers, and origin-country suppliers.
  • Supply chain and value chain analysis covering production bottlenecks, trade dynamics, technological advancements, and traceability tools.
  • Strategic recommendations for new entrants, established manufacturers, and investors aiming to navigate pricing volatility, demand shifts, and regulatory trends.
Why Choose Expert Market Research?
  • Trusted industry insights grounded in real-world market data and deep cocoa sector expertise.
  • Tailored reports customized to your business needs—whether you’re sourcing, processing, or marketing cocoa products.
  • Current market intelligence with forecasts that reflect cocoa production shifts, sustainability trends, and consumer preferences.
  • Comprehensive global coverage, including emerging production hubs, regional consumption patterns, and trade policy impacts.
Unlock exclusive insights by downloading your free sample of the Global Cocoa Products Market Report. Stay ahead of market shifts with expert forecasts, competitive strategies, and sector-specific intelligence. Discover how leading companies are transforming the global cocoa product industry and how your business can stay competitive in this dynamic and high-value market.

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Table of Contents

165 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Cocoa Products Analysis
5.1 Key Industry Highlights
5.2 Global Cocoa Products Historical Market (2018-2024)
5.3 Global Cocoa Products Market Forecast (2025-2034)
5.4 Global Cocoa Products Market by Type
5.4.1 Cocoa Butter
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Cocoa Powder
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Cocoa Liquor
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.5 Global Cocoa Products Market by Application
5.5.1 Confectionery
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Food and Beverages
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.5.3 Cosmetics
5.5.3.1 Historical Trend (2018-2024)
5.5.3.2 Forecast Trend (2025-2034)
5.5.4 Pharmaceutical
5.5.4.1 Historical Trend (2018-2024)
5.5.4.2 Forecast Trend (2025-2034)
5.5.5 Others
5.6 Global Cocoa Products Market by Region
5.6.1 North America
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.2 Europe
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.3 Asia Pacific
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.4 Latin America
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.5 Middle East and Africa
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
6 North America Cocoa Products Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Europe Cocoa Products Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia Pacific Cocoa Products Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Cocoa Products Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Cocoa Products Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Turkey
10.5.1 Historical Trend (2018-2024)
10.5.2 Forecast Trend (2025-2034)
10.6 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 The Hershey Company
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 Barry Callebaut AG
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 Cocoa Processing Company Limited (CPC)
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Olam Food Ingredients (OFI)
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 United Cocoa Processor, Inc.
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 Jindal Cocoa
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Fuji Oil Co., Ltd.
12.5.7.1 Company Overview
12.5.7.2 Product Portfolio
12.5.7.3 Demographic Reach and Achievements
12.5.7.4 Certifications
12.5.8 Others
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