The Asia Pacific cocoa market size reached USD 5.35 Billion in 2025 and is expected to witness steady growth over the coming years, driven by rising demand.
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As per the USDA Foreign Agricultural Service, in 2023, Vietnam imported USD 51.6 million worth of cocoa from the US.
As per the USDA Foreign Agricultural Service , South Korea in 2023 imported USD 363 million worth of chocolates worldwide.
The USDA Foreign Agricultural Service reported that India imported USD 377 million worth of chocolate and cocoa products worldwide in 2022.
The Asia Pacific cocoa market is driven by companies increasingly committing to sustainable cocoa sourcing. Nestlé Malaysia Bhd exemplifies this with the 2024 launch of KitKat Dark Borneo, made from 100% premium cocoa beans sourced from Sabah and Sarawak, supporting regional production and sustainability in the Asia Pacific cocoa market. The growing chocolate and confectionery sector in Asia Pacific are driving cocoa industry expansion. In 2022, Barry Callebaut opened a chocolate plant in Australia, reflecting the rising demand for cocoa-based products in the region.
Government investments are boosting the Asia Pacific cocoa production, with Malaysia leading the way. In 2024, the Malaysian government committed USD 1.3 million to develop a 350-hectare cocoa plantation and rehabilitate 2,126 hectares of existing farms, enhancing the country’s position in the cocoa supply chain. The region is home to several prominent cocoa-based product manufacturers, including companies like BT Cocoa, Cargill, Inc., and Gold Harvest Cocoa Indonesia.
According to ICCO, in 2022/23, Asia & Oceania's cocoa bean grindings reached 1,096 KMT. Furthermore, cocoa bean grindings are expected to reach 1,059 KMT in 2024/25, reflecting the region's growing role in the cocoa market.
The growth in chocolate consumption across the Asia Pacific is significantly boosting the demand for cocoa, which is a vital ingredient in chocolate production. In 2022, Barry Callebaut’s announce of a new chocolate and compound factory in Neemrana, India, driving cocoa demand in the region. Additionally, cocoa’s inherent antioxidant, moisturising, and nourishing properties are valuable in cosmetics, personal care, and pharmaceuticals industries. As these industries grow, cocoa’s diverse applications open new markets, boosting demand across multiple sectors.
Investment in cocoa processing infrastructure within the Asia Pacific region offers significant opportunities for cocoa market growth. This aids the production of value-added products, such as cocoa butter and powder, driving both profitability and self-sufficiency in the supply chain. For instance, Indonesia’s Ministry of Industry (Kemenperin) continues to support the country’s efforts to increase its chocolate or cocoa processing productivity and competitiveness. In 2023, Indonesia was supported by 11 intermediate cocoa processing companies with a capacity of 739,250 tons per year, 900 chocolate processing companies with a capacity of 462,126 tons per year, and 31 artisan chocolate/bean to bars with a capacity of 1,242 tons per year.
The growing emphasis on sustainable sourcing and fair-trade certifications presents opportunities for companies to capitalise on ethically produced cocoa, aligning with consumer demand for environmentally conscious products. In 2022, 20-25% of the region's cocoa production was certified as sustainable, showing a steady growth from previous years.
Companies are increasingly favouring locally sourced cacao beans, appealing to a broader range of consumers and aiding the development of the Asia Pacific cocoa market. In 2025, Ryohin Keikaku Co., Ltd., developer of MUJI, partnered with Dari K Inc. to launch three types of chocolate confectionery made from Indonesian cacao. This collaboration highlights the growing chocolate confectionery sector in the Asia Pacific region, which is expected to fuel further growth in the cocoa market as demand for premium, regionally sourced products continue to rise.
The growing preference for dark chocolate, which requires over seven times more cocoa than milk chocolate, is driving increased demand for cocoa in the Asia Pacific market. As consumers in the region shift towards premium and health-conscious chocolate options, this trend is expected to further boost cocoa consumption and production in the region, enhancing the market's growth potential.
The Expert Market Research’s report titled “Asia Pacific Cocoa Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Cocoa butter maintains a dominant share in the Asia Pacific cocoa market, driven by its extensive use in chocolate and cosmetic applications. However, rising consumer preference for organic and sustainably sourced cocoa powder is reshaping market dynamics. Technological advancements in cocoa processing, including cleaner extraction methods and improved quality control, are further boosting demand. As health and sustainability trends gain momentum, both cocoa butter and powder segments are expected to witness steady regional growth.
Market Breakup by Application
The food and beverage industry represents a major segment of the Asia Pacific cocoa market, accounting for a substantial share of regional cocoa consumption. Rising disposable incomes, urbanisation, and evolving taste preferences are contributing to increased demand for high-quality cocoa ingredients. The growing popularity of premium and artisanal cocoa-based products, such as handcrafted chocolates, gourmet desserts, and specialty beverages, is fueling this trend. Manufacturers are increasingly incorporating cocoa into a wide range of applications, from baked goods to dairy and beverage innovations, further strengthening cocoa's role in the regional food and beverage sector.
Market Breakup by Country
Indonesia stands as the leading player in the Asia Pacific cocoa market, driven by its position as one of the world’s top cocoa bean producers. The country’s cocoa sector is largely smallholder-based, with approximately 80% of farms concentrated in Sulawesi and Sumatra in 2024. These regions benefit from favorable climatic conditions and established farming practices. Indonesia’s cocoa industry also supports local processing and export, strengthening its influence in both regional and global markets. Ongoing government and private sector initiatives aim to enhance productivity, sustainability, and value addition within the country’s cocoa supply chain.
Surging Demand for cocoa as a key ingredient among various bakery and beverage products
The popularity of cocoa powder in baking and beverage products drives the cocoa market in the region. This growth is linked to the rising consumption of home-baked goods and specialty drinks. As the appetite for innovative and artisanal food products grows, cocoa powder is increasingly used in both traditional and new-age food products across the region.
Cocoa liquor, essential for chocolate production, is also on the rise in the region. The demand for high-quality dark chocolates has increased, particularly in urban areas. In October 2024, Nestlé Malaysia announced the launch of the world’s first KitKat® Chocolate Drink, produced at the Shah Alam factory using 100% sustainably sourced cocoa and certified HALAL by JAKIM. The KitKat® Chocolate drink embodies the spirit of “Buatan Malaysia”.
Surging Growth in the Food and Beverages Segment, Driven by Growing Consumer Demand for Chocolate based End Products
In Asia Pacific, there is a noticeable evolution in consumer tastes, with a growing preference for dark chocolate over the traditionally dominant milk chocolate. This change is particularly strong among health-conscious urban consumers who seek out products with higher cocoa percentages and lower sugar content, driven by a greater awareness of cocoa's health benefits. This trend strengthens the cocoa market in Asia Pacific.
In January 2023, Barry Callebaut Group announced the establishment of its third manufacturing facility in India, located in Neemrana, 120km southwest of Delhi. This greenfield project, spanning 20,000 square meters, will feature advanced assembly lines for producing chocolate and compounds in various formats, catering to international food manufacturers, bakers, and local confectioners. With an investment exceeding USD 50 million over five years, the facility will be the largest of its kind for Barry Callebaut in Asia.
Chocolate remains a preferred product in the Asia Pacific region, accounting for a significant share of the bakery and sweet baked goods market. Chocolate is a key flavour driving new product launches in this region, representing 27% of market share for food and beverage launches in Asia Pacific. Furthermore, there is a rising trend toward more exotic ingredients like matcha, pandan, and taro in Asia. This signals a shift towards blending traditional cocoa with regional flavours to create unique product offerings, particularly in mainstream markets.
Indonesia’s Cocoa Market is Driven by a Growing Focus on Sustainability and an Expanding Cocoa Processing Sector
Indonesia is one of the largest producers of cocoa beans globally. Players are increasingly focusing on expanding their processing capacities to meet the needs of consumers. In November 2023, Cargill opened the Cocoa Development Center in Gresik, Indonesia, the first of its kind in APAC. Integrated into a cocoa processing plant, it aims to drive customer-focused innovation, leveraging Indonesia's status as a top cocoa producer to create unique cocoa products tailored to Asian tastes. Further, in June 2025, Indonesia's Ministry of Industry established the BPDP to boost sustainable cocoa production, leveraging rising global cocoa prices. Led by Putu Juli Ardika, it aims to enhance the food and beverage industry sub-sector.
Malaysia is experiencing rapid growth in the cocoa market. Increasing government support for cocoa grinding and processing in Malaysia is aiding the market growth. Malaysia is bolstering its farmers and SMEs through the Cocoa Cluster Programme, positioning itself among the top APAC cocoa grinders with an annual processing capacity of more than 370,000 tons. Furthermore, in 2025, Malaysia announced to reduce its cocoa import dependency (490,000 tons annually) by boosting local production with premium varieties like fine-flavour and organic beans, aiming to enhance its global cocoa value chain position. In 2024, domestic bean production in Malaysia witnessed an increase of 65%, reaching 445 tons, as compared to 269 tons in 2023.
Increasing cocoa production in India supports the market. Cocoa production in India rose from 19,000 tons in 2017 to 27,600 tons in 2024, with a CAGR of 4.8%, driven by Andhra Pradesh (40.3%) and Kerala (35.4%), supported by government initiatives. Furthermore, cocoa cultivation expanded from 83,000 hectares in 2017 to 110,000 hectares in 2024, aided by DCCD and MIDH programs offering 40-50% subsidies for planting supplies. In March 2025, Mondelez announced to boost cocoa productivity in India by training farmers in irrigation, pruning, and fertilizer use, achieving 1.5-2 kg yields per acre in Andhra Pradesh.
The Asia Pacific cocoa market features a competitive mix of global and regional players engaged in bean sourcing, processing, and finished product manufacturing. Cocoa processing companies leverage advanced technologies and strong supply chains. Regional firms in Indonesia, Malaysia, and India contribute significantly through local sourcing and growing production capacities. The market is also witnessing increased investments in sustainable sourcing, product innovation, and capacity expansion. Rising consumer demand for premium, organic, and ethically produced cocoa products is intensifying competition, prompting players to focus on quality, traceability, and brand differentiation.
Cargill, Incorporated, founded in 1865, is a global food company based in the United States engaged in agriculture, finance, and industrial products business globally. The finished products are delivered by the company to their customers in foodservice, retail, consumer packaged goods and industrial sectors.
Barry Callebaut AG, headquartered in Switzerland and founded in 1996, is a world-leading manufacturer of high-quality chocolate and cocoa products. The company is engaged in sourcing and processing cocoa beans to produce the finest chocolates, including chocolate fillings, decorations, and compounds.
The Hershey Company was established in 1927. It is a global confectionery leader, renowned for its wide portfolio of chocolate, sweets, mints, and other high-quality snacks. The company markets, sells, and distributes its products under more than 90 brand names. As the largest producer of quality chocolate in North America and a leading snack manufacturer in the United States, Hershey holds a prominent position in both the chocolate and non-chocolate confectionery markets worldwide.
Nestlé S.A. is the world's largest food and beverage company, operating across all major categories including nutrition and health science, beverages, dairy, confectionery, and pet care. The company demonstrates a strong commitment to sustainability, targeting net-zero emissions by 2050 and 100% responsible sourcing of key ingredients like cocoa and coffee by 2025.
*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 Asia Pacific cocoa market report are Mondelēz International, Inc., Mars, Incorporated, Ferrero International S.A., Olam Food Ingredients (OFI), Meiji Holdings Co., Ltd., Guan Chong Berhad, Morinaga & Company, Ltd., JB Foods Limited, and PT. Golden Harvest Cocoa Indonesia, among others.
Unlock valuable insights by downloading a free sample of the Asia Pacific Cocoa Market Report. Stay ahead with expert analysis of market trends, growth drivers, and strategic forecasts. Learn how key players are shaping the future of Asia Pacific cocoa sector and gain a competitive edge in this evolving sector.
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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 5.35 Billion.
The key players in the market report include Cargill Incorporated, Barry Callebaut AG, The Hershey Company, Nestlé S.A, Mondelēz International, Inc., Mars, Incorporated, Ferrero International S.A., Olam Food Ingredients (OFI), Meiji Holdings Co., Ltd., Guan Chong Berhad, Morinaga & Company, Ltd., JB Foods Limited, and PT. Golden Harvest Cocoa Indonesia, among others.
Cocoa butter is a dominant type segment of the market due to its wide applications in food and beverages and cosmetics.
Key strategies driving the Asia Pacific cocoa market include sustainable sourcing, technological advancements in processing, expansion of local processing capacity, product innovation, and growing demand for premium and organic cocoa products across food, beverage, and personal care industries.
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 Type |
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| Breakup by Application |
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| Breakup by Country |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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