Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Cocoa and Chocolate Market Growth
Cocoa powder is used in large quantities as a flavouring and colouring agent and is available in wide varieties. Based on ingredient, the demand for cocoa powder in the preparation of baked goods and confectionery is witnessing a surge. This can be attributed to the ability of cocoa powder to deliver deep, dark chocolate flavour that is hard to beat. The addition of cocoa powder to food preparations considerably impacts the properties of the end product, like the nutritional values and shelf life of the product. Additionally, fine particles and the negative zeta-potential of cocoa powder have a substantial impact on the texture of certain food items.
The increasing use of cocoa powder in preparing delicacies other than baked items, such as smoothies and yoghurt, along with other ingredients like dried fruits or fresh fruits, is aiding the market growth. Moreover, the increasing prevalence of diabetes is leading to the increased adoption of unsweetened cocoa powder that consists of polyphenols and antioxidants, which improves blood sugar and cholesterol levels. Also, theobromine found in cocoa powder helps reduce inflammation and eliminates the risk of heart disease, cancer, and diabetes. These factors have positively impacted the cocoa and chocolate market growth globally.
Cocoa and Chocolate Market Report Snapshots
Cocoa and Chocolate Market Size
Cocoa and Chocolate Market Growth
*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.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the global cocoa and chocolate market attained a value of USD 143.43 billion.
The cocoa and chocolate market is assessed to grow at a CAGR of 5.1% between 2024 and 2032.
The Global cocoa and chocolate market is anticipated to reach a value of USD 225.05 billion in 2032.
The major market drivers include the expanding distribution channels, availability of different types of cocoa and chocolate, expanding food and beverage sector, increasing use of unsweetened cocoa powder due to multiple health benefits, rising inclination towards ready-to-eat food items, government initiatives to boost cocoa production, and adoption of home baking.
The key trends guiding the growth of the market include the growing popularity of chocolate flavour, its wide adoption in various food products and beverages, emergence of e-commerce channels, and new product launches by market players.
The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of chocolate include white, dark and milk, among others.
The various applications of cocoa include food and beverages, cosmetics, and pharmaceuticals, among others. Food and beverage is further divided into confectionery, bakery and dairy, among others.
The major players in the market are Barry Callebaut AG, Cargill Incorporated, Nestlé S.A., Olam Food Ingredients (ofi), Cocoa Processing Company Limited (CPC), Mondelez International, Inc., and Meiji Holdings Co., Ltd., among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124