The cocoa products market was valued at USD 36.77 Billion in 2025 The market is being driven by the growing health consciousness, the rising demand.
Base Year
Historical Period
Forecast Period
The production of cocoa beans is significantly growing, ensuring a steady supply of the raw material for chocolate and cocoa product manufacturers. Globally, nearly 6 million tonnes of cocoa beans are produced each year, with production of approximately 63% cocoa beans concentrated in West Africa. With a stable supply of cocoa beans, the use of cocoa beans in diverse end-use sectors, including baking, pharmaceuticals, and cosmetics, among others, is increasing.
With the growing demand for chocolate in both developed and developed countries, the utilisation of cocoa products such as cocoa liquor, cocoa butter, and cocoa powder is rising. In South Korea, sales of chocolate reached USD 578 million in 2023. The growing chocolate sales in such countries are prompting cocoa companies to expand their presence to offer novel flavours, cocoa-based snacks, and functional chocolates.
Amid the growing consumer demand for ethically sourced and sustainable products, major companies such as Nestlé, Barry Callebaut, and Mars are committed to developing a 100% responsibly sourced cocoa supply chain. Cocoa products certified as Rainforest Alliance, Fairtrade and Fairtrade are perceived as more socially responsible and of higher quality, making them more appealing to premium markets. Moreover, increasing investments in blockchain technologies to enhance traceability, build customer trust, and ensure the responsible sourcing of cocoa are boosting the cocoa products market revenue.
Compound Annual Growth Rate
5.8%
Value in USD Billion
2026-2035
*this image is indicative*
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.
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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.
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.
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.
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.
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The Expert Market Research’s report titled “Global Cocoa Products Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
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, 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
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.
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.
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.
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.
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.
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.
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.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the cocoa products market report are United Cocoa Processor, Inc., Jindal Cocoa, Fuji Oil Co., Ltd., among others.
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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the market reached an approximate value of USD 36.77 Billion.
The major players in the market are The Hershey Company, Barry Callebaut AG, Cocoa Processing Company Limited (CPC), Olam Food Ingredients (OFI), United Cocoa Processor, Inc., Jindal Cocoa, Fuji Oil Co., Ltd., others.
Cocoa butter dominates the product type segment due to increasing use of cocoa butter in skincare products.
Key players in the cocoa products market are adopting strategies such as vertical integration to control sourcing and processing and investing in sustainability programs to ensure ethical supply chains. They are also focusing on product innovation to meet demand for premium and functional cocoa products. Expansion into emerging markets is a priority to tap growing consumption. Additionally, digital traceability and transparency tools are being leveraged to build consumer trust and brand value.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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