The global Cocoa & Chocolate market size is predicted to grow from US$ 64300 million in 2025 to US$ 83050 million in 2031; it is expected to grow at a CAGR of 4.4% from 2025 to 2031.
The Cocoa & Chocolate market encompasses a wide range of products derived from cocoa beans, including cocoa butter, cocoa liquor, and cocoa powder, which are essential in the production of chocolate. Cocoa, a key ingredient, provides unique taste, flavor, and texture to food products, while also offering nutritional and functional benefits. Cocoa butter, prized for its favorable properties such as its melting point and contraction ability, gives chocolate its signature melt-in-the-mouth sensation, and it allows chocolates to easily release from molds during production. In addition to its role in confections, cocoa is also used to mask the bitter taste of medicinal tablets, making it a versatile ingredient in pharmaceutical applications.
The chocolate segment dominates the market, as it is the primary use of cocoa ingredients, followed by other applications such as food and beverage production, cosmetics, and pharmaceuticals. Beyond taste, cocoa products are valued for their health benefits, including their antioxidant properties, which contribute to their use in beauty and health-related industries. As a result, the market for cocoa and chocolate is broad, extending across several sectors, from confectionery to wellness products.
Market Overview
The global Cocoa & Chocolate market is highly competitive, with major players like Barry Callebaut, Cargill, Nestle SA, Mars, and Fuji Oil leading the industry. These top five manufacturers collectively account for approximately 50% of the global market share. Barry Callebaut, a Swiss company, holds a dominant position due to its extensive product portfolio and wide-ranging distribution network. Cargill, an American agribusiness, is another significant player, supplying cocoa products to a variety of industries. Nestle, Mars, and Fuji Oil also play crucial roles in both the cocoa and chocolate sectors, producing well-known branded products and supplying essential ingredients to food and beverage manufacturers worldwide.
Europe is the largest market for cocoa and chocolate, with a market share of around 35%. This is driven by the region鈥檚 strong tradition of chocolate consumption, advanced manufacturing capabilities, and proximity to key cocoa-producing regions. North America and Southeast Asia follow, jointly accounting for another 35% of the global market. North America鈥檚 demand is fueled by the popularity of chocolate and other cocoa-based products, while Southeast Asia is emerging as a growing market due to increasing disposable incomes and a rising appetite for confectionery and other luxury food items.
Market Trends and Growth Drivers
The cocoa and chocolate market is characterized by steady growth, with chocolate being the largest product segment, accounting for around 70% of the market. This dominance is largely driven by the high demand for chocolate products in confectionery, which remains the primary application for cocoa ingredients. The confectionery sector alone represents a significant portion of global cocoa consumption, with chocolate bars, candies, and premium chocolates leading sales. The food and beverage industry is another key driver of demand, with cocoa ingredients being used in a variety of products, including desserts, beverages, and dairy-based goods.
The cosmetics and pharmaceutical industries are also emerging as important sectors for cocoa-based products. Cocoa butter is widely used in skincare and beauty products due to its moisturizing and nourishing properties, making it a sought-after ingredient in lotions, creams, and lip balms. In pharmaceuticals, chocolate鈥檚 ability to mask unpleasant tastes has led to its use in medicinal tablets and supplements, further expanding the market for cocoa products.
Geographically, Europe remains the largest consumer market for cocoa and chocolate products, largely due to the high demand for premium chocolate and the region鈥檚 established chocolate-making heritage. However, emerging markets in Asia, particularly Southeast Asia, are becoming increasingly important as consumer preferences shift toward Western-style confections and luxury chocolate products. The growing middle class in countries like China and India is also contributing to increased consumption of chocolate, driving demand for cocoa in the region.
Challenges in the cocoa and chocolate market include fluctuations in cocoa bean prices, which can impact production costs and profitability for manufacturers. Additionally, increasing concerns about sustainable sourcing and ethical labor practices, particularly in cocoa-producing regions in West Africa, are shaping consumer expectations and influencing the way companies approach their supply chains. Despite these challenges, the market is expected to continue growing, driven by ongoing demand in traditional markets and emerging opportunities in new regions.
The 鈥淐ocoa & Chocolate Industry Forecast鈥� looks at past sales and reviews total world Cocoa & Chocolate sales in 2024, providing a comprehensive analysis by region and market sector of projected Cocoa & Chocolate sales for 2025 through 2031. With Cocoa & Chocolate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cocoa & Chocolate industry.
This Insight Report provides a comprehensive analysis of the global Cocoa & Chocolate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cocoa & Chocolate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Cocoa & Chocolate market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cocoa & Chocolate and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cocoa & Chocolate.
This report presents a comprehensive overview, market shares, and growth opportunities of Cocoa & Chocolate market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Cocoa
Chocolate
Segmentation by Application:
Confectionery
Bakery
Ice Cream
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Barry Callebaut
Cargill
Nestle SA
Mars
Hershey
FUJI OIL
Olam
Puratos
颁茅尘辞颈
Irca
NATRA
Kerry Group
Ferrero
ECOM
Guan Chong
Mondelez
Clasen
Morde Foods
EUROCAO
DP Chocolates
Cocoa-linna
Apple Flavor & Fragrance Group
Shanghai Yicheng Food
Key Questions Addressed in this Report
What is the 10-year outlook for the global Cocoa & Chocolate market?
What factors are driving Cocoa & Chocolate market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Cocoa & Chocolate market opportunities vary by end market size?
How does Cocoa & Chocolate break out by Type, by Application?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Cocoa & Chocolate Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Cocoa & Chocolate by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Cocoa & Chocolate by Country/Region, 2020, 2024 & 2031
2.2 Cocoa & Chocolate Segment by Type
2.2.1 Cocoa
2.2.2 Chocolate
2.3 Cocoa & Chocolate Sales by Type
2.3.1 Global Cocoa & Chocolate Sales Market Share by Type (2020-2025)
2.3.2 Global Cocoa & Chocolate Revenue and Market Share by Type (2020-2025)
2.3.3 Global Cocoa & Chocolate Sale Price by Type (2020-2025)
2.4 Cocoa & Chocolate Segment by Application
2.4.1 Confectionery
2.4.2 Bakery
2.4.3 Ice Cream
2.4.4 Others
2.5 Cocoa & Chocolate Sales by Application
2.5.1 Global Cocoa & Chocolate Sale Market Share by Application (2020-2025)
2.5.2 Global Cocoa & Chocolate Revenue and Market Share by Application (2020-2025)
2.5.3 Global Cocoa & Chocolate Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Cocoa & Chocolate Breakdown Data by Company
3.1.1 Global Cocoa & Chocolate Annual Sales by Company (2020-2025)
3.1.2 Global Cocoa & Chocolate Sales Market Share by Company (2020-2025)
3.2 Global Cocoa & Chocolate Annual Revenue by Company (2020-2025)
3.2.1 Global Cocoa & Chocolate Revenue by Company (2020-2025)
3.2.2 Global Cocoa & Chocolate Revenue Market Share by Company (2020-2025)
3.3 Global Cocoa & Chocolate Sale Price by Company
3.4 Key Manufacturers Cocoa & Chocolate Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Cocoa & Chocolate Product Location Distribution
3.4.2 Players Cocoa & Chocolate Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Cocoa & Chocolate by Geographic Region
4.1 World Historic Cocoa & Chocolate Market Size by Geographic Region (2020-2025)
4.1.1 Global Cocoa & Chocolate Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Cocoa & Chocolate Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Cocoa & Chocolate Market Size by Country/Region (2020-2025)
4.2.1 Global Cocoa & Chocolate Annual Sales by Country/Region (2020-2025)
4.2.2 Global Cocoa & Chocolate Annual Revenue by Country/Region (2020-2025)
4.3 Americas Cocoa & Chocolate Sales Growth
4.4 APAC Cocoa & Chocolate Sales Growth
4.5 Europe Cocoa & Chocolate Sales Growth
4.6 Middle East & Africa Cocoa & Chocolate Sales Growth
5 Americas
5.1 Americas Cocoa & Chocolate Sales by Country
5.1.1 Americas Cocoa & Chocolate Sales by Country (2020-2025)
5.1.2 Americas Cocoa & Chocolate Revenue by Country (2020-2025)
5.2 Americas Cocoa & Chocolate Sales by Type (2020-2025)
5.3 Americas Cocoa & Chocolate Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Cocoa & Chocolate Sales by Region
6.1.1 APAC Cocoa & Chocolate Sales by Region (2020-2025)
6.1.2 APAC Cocoa & Chocolate Revenue by Region (2020-2025)
6.2 APAC Cocoa & Chocolate Sales by Type (2020-2025)
6.3 APAC Cocoa & Chocolate Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Cocoa & Chocolate by Country
7.1.1 Europe Cocoa & Chocolate Sales by Country (2020-2025)
7.1.2 Europe Cocoa & Chocolate Revenue by Country (2020-2025)
7.2 Europe Cocoa & Chocolate Sales by Type (2020-2025)
7.3 Europe Cocoa & Chocolate Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Cocoa & Chocolate by Country
8.1.1 Middle East & Africa Cocoa & Chocolate Sales by Country (2020-2025)
8.1.2 Middle East & Africa Cocoa & Chocolate Revenue by Country (2020-2025)
8.2 Middle East & Africa Cocoa & Chocolate Sales by Type (2020-2025)
8.3 Middle East & Africa Cocoa & Chocolate Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Cocoa & Chocolate
10.3 Manufacturing Process Analysis of Cocoa & Chocolate
10.4 Industry Chain Structure of Cocoa & Chocolate
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Cocoa & Chocolate Distributors
11.3 Cocoa & Chocolate Customer
12 World Forecast Review for Cocoa & Chocolate by Geographic Region
12.1 Global Cocoa & Chocolate Market Size Forecast by Region
12.1.1 Global Cocoa & Chocolate Forecast by Region (2026-2031)
12.1.2 Global Cocoa & Chocolate Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Cocoa & Chocolate Forecast by Type (2026-2031)
12.7 Global Cocoa & Chocolate Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Barry Callebaut
13.1.1 Barry Callebaut Company Information
13.1.2 Barry Callebaut Cocoa & Chocolate Product Portfolios and Specifications
13.1.3 Barry Callebaut Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Barry Callebaut Main Business Overview
13.1.5 Barry Callebaut Latest Developments
13.2 Cargill
13.2.1 Cargill Company Information
13.2.2 Cargill Cocoa & Chocolate Product Portfolios and Specifications
13.2.3 Cargill Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Cargill Main Business Overview
13.2.5 Cargill Latest Developments
13.3 Nestle SA
13.3.1 Nestle SA Company Information
13.3.2 Nestle SA Cocoa & Chocolate Product Portfolios and Specifications
13.3.3 Nestle SA Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Nestle SA Main Business Overview
13.3.5 Nestle SA Latest Developments
13.4 Mars
13.4.1 Mars Company Information
13.4.2 Mars Cocoa & Chocolate Product Portfolios and Specifications
13.4.3 Mars Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Mars Main Business Overview
13.4.5 Mars Latest Developments
13.5 Hershey
13.5.1 Hershey Company Information
13.5.2 Hershey Cocoa & Chocolate Product Portfolios and Specifications
13.5.3 Hershey Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Hershey Main Business Overview
13.5.5 Hershey Latest Developments
13.6 FUJI OIL
13.6.1 FUJI OIL Company Information
13.6.2 FUJI OIL Cocoa & Chocolate Product Portfolios and Specifications
13.6.3 FUJI OIL Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 FUJI OIL Main Business Overview
13.6.5 FUJI OIL Latest Developments
13.7 Olam
13.7.1 Olam Company Information
13.7.2 Olam Cocoa & Chocolate Product Portfolios and Specifications
13.7.3 Olam Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Olam Main Business Overview
13.7.5 Olam Latest Developments
13.8 Puratos
13.8.1 Puratos Company Information
13.8.2 Puratos Cocoa & Chocolate Product Portfolios and Specifications
13.8.3 Puratos Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Puratos Main Business Overview
13.8.5 Puratos Latest Developments
13.9 颁茅尘辞颈
13.9.1 颁茅尘辞颈 Company Information
13.9.2 颁茅尘辞颈 Cocoa & Chocolate Product Portfolios and Specifications
13.9.3 颁茅尘辞颈 Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 颁茅尘辞颈 Main Business Overview
13.9.5 颁茅尘辞颈 Latest Developments
13.10 Irca
13.10.1 Irca Company Information
13.10.2 Irca Cocoa & Chocolate Product Portfolios and Specifications
13.10.3 Irca Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Irca Main Business Overview
13.10.5 Irca Latest Developments
13.11 NATRA
13.11.1 NATRA Company Information
13.11.2 NATRA Cocoa & Chocolate Product Portfolios and Specifications
13.11.3 NATRA Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 NATRA Main Business Overview
13.11.5 NATRA Latest Developments
13.12 Kerry Group
13.12.1 Kerry Group Company Information
13.12.2 Kerry Group Cocoa & Chocolate Product Portfolios and Specifications
13.12.3 Kerry Group Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Kerry Group Main Business Overview
13.12.5 Kerry Group Latest Developments
13.13 Ferrero
13.13.1 Ferrero Company Information
13.13.2 Ferrero Cocoa & Chocolate Product Portfolios and Specifications
13.13.3 Ferrero Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Ferrero Main Business Overview
13.13.5 Ferrero Latest Developments
13.14 ECOM
13.14.1 ECOM Company Information
13.14.2 ECOM Cocoa & Chocolate Product Portfolios and Specifications
13.14.3 ECOM Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 ECOM Main Business Overview
13.14.5 ECOM Latest Developments
13.15 Guan Chong
13.15.1 Guan Chong Company Information
13.15.2 Guan Chong Cocoa & Chocolate Product Portfolios and Specifications
13.15.3 Guan Chong Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Guan Chong Main Business Overview
13.15.5 Guan Chong Latest Developments
13.16 Mondelez
13.16.1 Mondelez Company Information
13.16.2 Mondelez Cocoa & Chocolate Product Portfolios and Specifications
13.16.3 Mondelez Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Mondelez Main Business Overview
13.16.5 Mondelez Latest Developments
13.17 Clasen
13.17.1 Clasen Company Information
13.17.2 Clasen Cocoa & Chocolate Product Portfolios and Specifications
13.17.3 Clasen Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Clasen Main Business Overview
13.17.5 Clasen Latest Developments
13.18 Morde Foods
13.18.1 Morde Foods Company Information
13.18.2 Morde Foods Cocoa & Chocolate Product Portfolios and Specifications
13.18.3 Morde Foods Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Morde Foods Main Business Overview
13.18.5 Morde Foods Latest Developments
13.19 EUROCAO
13.19.1 EUROCAO Company Information
13.19.2 EUROCAO Cocoa & Chocolate Product Portfolios and Specifications
13.19.3 EUROCAO Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 EUROCAO Main Business Overview
13.19.5 EUROCAO Latest Developments
13.20 DP Chocolates
13.20.1 DP Chocolates Company Information
13.20.2 DP Chocolates Cocoa & Chocolate Product Portfolios and Specifications
13.20.3 DP Chocolates Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 DP Chocolates Main Business Overview
13.20.5 DP Chocolates Latest Developments
13.21 Cocoa-linna
13.21.1 Cocoa-linna Company Information
13.21.2 Cocoa-linna Cocoa & Chocolate Product Portfolios and Specifications
13.21.3 Cocoa-linna Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Cocoa-linna Main Business Overview
13.21.5 Cocoa-linna Latest Developments
13.22 Apple Flavor & Fragrance Group
13.22.1 Apple Flavor & Fragrance Group Company Information
13.22.2 Apple Flavor & Fragrance Group Cocoa & Chocolate Product Portfolios and Specifications
13.22.3 Apple Flavor & Fragrance Group Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Apple Flavor & Fragrance Group Main Business Overview
13.22.5 Apple Flavor & Fragrance Group Latest Developments
13.23 Shanghai Yicheng Food
13.23.1 Shanghai Yicheng Food Company Information
13.23.2 Shanghai Yicheng Food Cocoa & Chocolate Product Portfolios and Specifications
13.23.3 Shanghai Yicheng Food Cocoa & Chocolate Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Shanghai Yicheng Food Main Business Overview
13.23.5 Shanghai Yicheng Food Latest Developments
14 Research Findings and Conclusion
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*If Applicable.