Canada Cocoa Market Report and Forecast 2025-2034

Canada Cocoa Market Outlook

The Canada cocoa market size was valued at USD 458.32 million in 2024. The market is further projected to grow at a CAGR of 5.6% between 2025 and 2034, reaching a value of USD 753.40 million by 2034.

Key Takeaways

• In 2019, Canadian households spent an average of USD 88 on chocolate bars. Newfoundland and Labrador led the way, spending USD 122 per household on chocolate bars, which positively impacted Canada cocoa market share.

• As per industry reports, households spent an extra USD 11 on baking chocolate, cocoa, and chocolate substitutes.

• In December 2021, 135 businesses nationwide were in the chocolate and chocolate confectionery manufacturing industry.

• In 2021, there was a total availability of 1.41 kilograms of cocoa (green bean equivalent) per Canadian.

One of the key drivers of the cocoa market in Canada is the increasing demand for cocoa-based products. Cocoa is used in a wide range of products, including chocolate, cocoa powder, cocoa butter, and cocoa liquor, which are used in various applications in the food and beverage industry. In April 2022, the industry manufactured and shipped nearly USD 200 million worth of premium chocolate products to distributors, bakeries, and retailers.

The growing popularity of dark chocolate among health-conscious consumers due to its antioxidants and mineral rich nutrient profile is also propelling the Canada cocoa market growth. The demand for dark chocolate with at least 70% cacao is expected to grow significantly in the coming years, creating a huge market opportunity for cocoa producers. Moreover, the demand for dark chocolate bars with added functional ingredients, such as probiotics, is growing in Canada, driving the growth of the cocoa market.

The market is also being shaped by several trends, including the increasing demand for sustainable cocoa products, the growing popularity of single-origin cocoa, and the increasing demand for fair trade cocoa. Companies such as Camino, Divine Chocolate, and Green & Black's, which offer organic and fair-trade cocoa products, have gained popularity in Canada.

Meanwhile, single-origin cocoa is gaining popularity among consumers due to its unique flavour profile and sustainable production methods. For example, chocolate bars made with single-origin cocoa from countries such as Ecuador, Madagascar, and Venezuela are influencing Canada cocoa market development.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Canada Cocoa Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Cocoa Butter

• Cocoa Powder

• Cocoa Liquor

Market Breakup by Application

• Food and Beverages
  • Confectionery 
  • Dairy 
  • Bakery 
  • Others
• Cosmetics and Pharmaceuticals

• Others

Market Breakup by Region

• Northern Canada

• British Columbia

• Alberta

• The Prairies 

• Central Canada 

• Atlantic Canada

Competitive Landscape

Market players are engaged in fair trade practises to ensure the delivery of fine quality cocoa to food & beverage industries to stay ahead in the competition.

• Barry Callebaut AG 

• Cargill, Incorporated 

• Blommer Chocolate Company 

• Canada Cacao Company Inc. 

• Others

Key Highlights of the Report