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Report Overview
The global cocoa market size reached around 26.70 Billion in 2024. The market is projected to grow at a CAGR of 4.70% between 2025 and 2034 to reach nearly 42.26 Billion by 2034. The market growth can be attributed to the robust growth of the e-commerce sector, rising demand for cocoa-based products, increasing focus on sustainability, and technological advancements and innovations.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
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With the robust growth of the e-commerce sector, consumers are increasingly gaining access to a wide range of cocoa products such as baking supplies, chocolate, and health-conscious cocoa products. In 2024, total e-commerce sales in the United States were estimated at USD 1192.6 billion, a surge of 8.1% from 2023. The growing trend of online shopping is also prompting key players to shift towards direct-to-customer models to increase their market reach and directly interact with customers.
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Global cocoa production is significantly increasing due to the rising demand for cocoa-based products and chocolate, advancements in farming techniques, and favourable government initiatives. In 2022/2023, nearly 5 million tonnes of cocoa were produced around the world. As cocoa production increases, there is a growing focus on sustainability and ethical sourcing.
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The growing health-consciousness and the rising demand for premium chocolate, especially dark chocolate, are boosting the cocoa market revenue. Cocoa is rich in polyphenols, calcium, magnesium, potassium, selenium, and zinc, among others. It is known to improve brain health and immune health, reduce inflammation, lower the risk of heart diseases, and improve mood and symptoms of depression and age-related mental degeneration.
Cocoa Market Report Snapshots
*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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Key Questions Answered in the Report
In 2024, the cocoa market attained a value of nearly USD 26.70 Billion.
The market is assessed to grow at a CAGR of 4.70% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach about USD 42.26 Billion by 2034.
Cocoa is rich in flavonols that enhance heart health and improve blood flow. Further, antioxidants in cocoa help to improve cholesterol and blood sugar levels.
The theobromine present in cocoa powder increases blood flow to the skin's surface, making it brighter. The vitamin C present helps fade dark spots and reduces hyperpigmentation.
The major drivers of the cocoa market include a rapidly growing demand for organic or sustainable variants of the product, the higher nutritional content of the product, and expanding end-use markets.
The key trends supporting the market growth are the availability of high-yield cocoa bean varieties, awareness of the health benefits of cocoa, and the demand for premium and organic cocoa products.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of cocoa in the market are cocoa butter, cocoa powder, and cocoa liquor.
The major players in the market are Barry Callebaut AG, TOUTON S.A., Olam Food Ingredients (ofi), Cemoi Group, Cargill, Incorporated, Cocoa Processing Company Limited (CPC), ECOM Agroindustrial Corp. Limited, PRONATEC AG, Blommer Chocolate Company, and Crown of Holland (Tradin Organic Agriculture B.V.), among others.
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