Japan Cocoa Market Report and Forecast 2024-2032

Japan Cocoa Market Size

The Japan cocoa market reached 233.83 thousand tons in 2023. The market is projected to grow at a CAGR of 4.7% between 2024 and 2032, reaching a volume of almost 356.22 thousand tons by 2032.

Japan Cocoa Market Outlook

• Reportedly, Japan imported a total of USD 1.0 billion of cocoa and cocoa preparations from various countries, amounting to approximately 297,200 metric tonnes.

• Growing trend of sustainability is expected to enhance the demand for organic cocoa.

• Cocoa butter is increasingly being used in cosmetic products due to its favourable properties.

Japan Cocoa Market Growth

There is an increasing interest among businesses in sourcing cocoa sustainably from West African farms. Ghana supplies 75% of the total cocoa imports to Japan, where adverse climatic conditions are affecting the crop yield. Despite the high prices of cocoa, its application in manufacturing desserts and chocolates is expected to continue, as the demand for cocoa products and sweets is expected to increase over the forecast period. Moreover, as food and beverage manufacturers enter into sourcing agreements with Ivory Coast farmers, the market is expected to witness significant growth.

The potential of damaged cocoa beans in cosmetics and pharmaceutical applications is being explored by major organisations across the world. Cocoa butter and cocoa powder obtained from damaged cocoa beans possess different melting properties and can be used to make body lotions and other cosmetic products. Moreover, changes in their chemical properties can make them ideal for use in creams as a thickener or gelling agent. This can lead to a reduction in the usage of harmful substances like acrylates in cosmetics, further aiding the cocoa market expansion  in Japan.

Japan is one of the world’s largest markets for high-value confectionery products. Chocolate is popular among adults and children alike, which, in turn, is expected to aid the cocoa market development over the forecast period.

Japan Cocoa Industry Segmentation

Japan Cocoa Market Report and Forecast 2024-2032 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

Japan Cocoa Market Share

On the basis of application, the market has been categorised into food and beverages, cosmetics and pharmaceuticals, and others. The food and beverage application is further sub-divided by type into confectionery, dairy, bakery, and others. With Japan being one of the leading markets for high-value confectionery globally, its consumption of cocoa is expected to increase considerably over the coming years.

Leading Companies in the Japan Cocoa Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and product launches.

• Barry Callebaut AG

• Morinaga & Company, Ltd.

• Hershey Co.

• Nestle S.A.

• MEIJI Holdings Co. Ltd.

• Mondelez International, Inc.

• BASF SE

• Buhler AG

• Ferrero International S.A.

• Mars Inc.

• Others

The market players are increasingly focusing on sourcing organic cocoa from farmers to meet the growing demand for high-quality products in Japan, including cocoa-based confectionery and bakery products.

Key Highlights of the Report