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The cocoa and chocolate market attained a value of about USD 143.43 billion in 2023. The market is further estimated to grow at a CAGR of 5.1% in the forecast period of 2024-2032 to reach a value of around USD 225.05 billion by 2032.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cocoa Market Analysis
8.1 Key Industry Highlights
8.2 Global Cocoa Historical Market (2018-2023)
8.3 Global Cocoa Market Forecast (2024-2032)
8.4 Global Cocoa Market by Ingredient
8.4.1 Cocoa Butter
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Cocoa Liquor
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Cocoa Powder
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Cocoa Market by Application
8.5.1 Food and Beverages
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.1.3 Breakup by Products
8.5.1.4.1 Confectionery
8.5.1.4.2 Dairy
8.5.1.4.3 Bakery
8.5.1.4.4 Others
8.5.2 Cosmetics and Pharmaceuticals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Cocoa Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Country
8.6.1.3.1 Unites States of America
8.6.1.3.2 Canada
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.2.3 Breakup by Country
8.6.2.3.1 Germany
8.6.2.3.2 United Kingdom
8.6.2.3.3 France
8.6.2.3.4 Italy
8.6.2.3.5 Others
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.3.3 Breakup by Country
8.6.3.3.1 China
8.6.3.3.2 Japan
8.6.3.3.3 India
8.6.3.3.4 ASEAN
8.6.3.3.5 Australia
8.6.3.3.6 Others
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.4.3 Breakup by Country
8.6.4.3.1 Brazil
8.6.4.3.2 Mexico
8.6.4.3.3 Argentina
8.6.4.3.4 Others
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.5.3 Breakup by Country
8.6.5.3.1 Saudi Arabia
8.6.5.3.2 UAE
8.6.5.3.3 Nigeria
8.6.5.3.4 South Africa
8.6.5.3.5 Others
8.7 Market Dynamics
8.7.1 SWOT Analysis
8.7.2 Porter's Five Forces Analysis
8.8 Trade Data Analysis (HS Code - 1803, 1804, 1805)
8.8.1 Major Importing Countries
8.8.2 Major Exporting Countries
8.9 Price Analysis
8.9.1 Cocoa Butter Historical Price Trends (2018-2023) and Forecast (2024-2032)
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
8.9.2 Cocoa Liquid Historical Price Trends (2018-2023) and Forecast (2024-2032)
8.9.2.1 North America
8.9.2.2 Europe
8.9.2.3 Asia Pacific
8.9.2.4 Latin America
8.9.2.5 Middle East and Africa
8.9.3 Cocoa Powder Historical Price Trends (2018-2023) and Forecast (2024-2032)
8.9.3.1 North America
8.9.3.2 Europe
8.9.3.3 Asia Pacific
8.9.3.4 Latin America
8.9.3.5 Middle East and Africa
9 Global Chocolate Market Analysis
9.1 Key Industry Highlights
9.2 Global Chocolate Historical Market (2018-2023)
9.3 Global Chocolate Market Forecast (2024-2032)
9.4 Global Chocolate Market by Type
9.4.1 Dark
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Milk
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.3 White
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.4.4 Others
9.5 Global Chocolate Market by Region
9.5.1 North America
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.1.3 Breakup by Country
9.5.1.3.1 Unites States of America
9.5.1.3.2 Canada
9.5.2 Europe
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.2.3 Breakup by Country
9.5.2.3.1 Germany
9.5.2.3.2 United Kingdom
9.5.2.3.3 France
9.5.2.3.4 Italy
9.5.2.3.5 Others
9.5.3 Asia Pacific
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.5.3.3 Breakup by Country
9.5.3.3.1 China
9.5.3.3.2 Japan
9.5.3.3.3 India
9.5.3.3.4 ASEAN
9.5.3.3.5 Australia
9.5.3.3.6 Others
9.5.4 Latin America
9.5.4.1 Historical Trend (2018-2023)
9.5.4.2 Forecast Trend (2024-2032)
9.5.4.3 Breakup by Country
9.5.4.3.1 Brazil
9.5.4.3.2 Mexico
9.5.4.3.3 Argentina
9.5.4.3.4 Others
9.5.5 Middle East and Africa
9.5.5.1 Historical Trend (2018-2023)
9.5.5.2 Forecast Trend (2024-2032)
9.5.5.3 Breakup by Country
9.5.5.3.1 Saudi Arabia
9.5.5.3.2 UAE
9.5.5.3.3 Nigeria
9.5.5.3.4 South Africa
9.5.5.3.5 Others
9.6 Market Dynamics
9.6.1 SWOT Analysis
9.6.2 Porter’s Five Forces Analysis
9.6.3 Key Indicators for Demand
9.6.4 Key Indicators for Price
9.7 Trade Data Analysis (HS Code - 1806)
9.7.1 Major Importing Countries
9.7.2 Major Exporting Countries
10 Competitive Landscape
10.1 Market Structure
10.2 Company Profiles
10.2.1 Barry Callebaut AG
10.2.1.1 Company Overview
10.2.1.2 Product Portfolio
10.2.1.3 Demographic Reach and Achievements
10.2.1.4 Certifications
10.2.2 Cargill, Incorporated
10.2.2.1 Company Overview
10.2.2.2 Product Portfolio
10.2.2.3 Demographic Reach and Achievements
10.2.2.4 Certifications
10.2.3 Nestlé S.A.
10.2.3.1 Company Overview
10.2.3.2 Product Portfolio
10.2.3.3 Demographic Reach and Achievements
10.2.3.4 Certifications
10.2.4 Olam Food Ingredients (ofi)
10.2.4.1 Company Overview
10.2.4.2 Product Portfolio
10.2.4.3 Demographic Reach and Achievements
10.2.4.4 Certifications
10.2.5 Cocoa Processing Company Limited (CPC)
10.2.5.1 Company Overview
10.2.5.2 Product Portfolio
10.2.5.3 Demographic Reach and Achievements
10.2.5.4 Certifications
10.2.6 Mondelez International, Inc.
10.2.6.1 Company Overview
10.2.6.2 Product Portfolio
10.2.6.3 Demographic Reach and Achievements
10.2.6.4 Certifications
10.2.7 Meiji Holdings Co., Ltd.
10.2.7.1 Company Overview
10.2.7.2 Product Portfolio
10.2.7.3 Demographic Reach and Achievements
10.2.7.4 Certifications
10.2.8 Others
11 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cocoa Market: Key Industry Highlights, 2018 and 2032
2. Global Cocoa Historical Market: Breakup by Ingredients (USD Billion), 2018-2023
3. Global Cocoa Market Forecast: Breakup by Ingredients (USD Billion), 2024-2032
4. Global Cocoa Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Cocoa Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Cocoa Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Cocoa Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Cocoa Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Cocoa Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Cocoa Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Cocoa Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Cocoa Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Cocoa Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Cocoa Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Cocoa Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Cocoa Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Cocoa Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Exporting Countries
19. Major Importing Countries
20. Cocoa Butter Historical Price Trends and Forecast 2018-2028
21. Cocoa Liquid Historical Price Trends and Forecast 2018-2028
22. Cocoa Powder Historical Price Trends and Forecast 2018-2028
23. Global Chocolate Market: Key Industry Highlights, 2018 and 2032
24. Global Chocolate Historical Market: Breakup by Type (USD Billion), 2018-2023
25. Global Chocolate Market Forecast: Breakup by Type (USD Billion), 2024-2032
26. Global Chocolate Historical Market: Breakup by Region (USD Billion), 2018-2023
27. Global Chocolate Market Forecast: Breakup by Region (USD Billion), 2024-2032
28. North America Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
29. North America Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
30. Europe Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
31. Europe Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
32. Asia Pacific Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
33. Asia Pacific Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
34. Latin America Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
35. Latin America Chocolate Market Forecast: Breakup by Country (USD Billion), 2024-2032
36. Middle East and Africa Chocolate Historical Market: Breakup by Country (USD Billion), 2018-2023
37. Middle East and Africa Chocolate Forecast: Breakup by Country (USD Billion), 2024-2032
38. Major Exporting Countries
39. Major Importing Countries
40. Global Cocoa and Chocolate Market Structure
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.
The global cocoa and chocoale market attained a value of nearly USD 143.43 billion in 2023, driven by the growing popularity of chocolate flavour and its wide adoption in various food products and beverages. Aided by the new product launches by the market players, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 5.1%. The market is estimated to reach about USD 225.05 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for cocoa by ingredient, is divided into cocoa butter, cocoa liquor, and cocoa powder. Based on application, the market is segmented into food and beverages, and cosmetics and pharmaceuticals, among others. Food and beverage is further divided into confectionery, bakery and dairy, among others. The market for chocolate is divided by type into dark, milk, and white, among others. The major regional markets for cocoa and chocolate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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