Global Cocoa Beans Market Size & Outlook, 2023-2030
The global cocoa beans market size was estimated at USD 13,540.1 million in 2023 and is projected to reach USD 23,539.7 million by 2030, growing at a CAGR of 8.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$13,540.1
Forecast, 2030 (US$M)
$23,539.7
CAGR, 2024 - 2030
8.2%
Report Coverage
Worldwide
Global cocoa beans market, 2018-2030 (US$M)
Global cocoa beans market highlights
- The global cocoa beans market generated a revenue of USD 13,540.1 million in 2023 and is expected to reach USD 23,539.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.2% by 2030.
- In terms of segment, cocoa butter accounted for a revenue of USD 13,540.1 million in 2023.
- Cocoa Butter is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 13,540.1 million |
| Market revenue in 2030 | USD 23,539.7 million |
| Growth rate | 8.2% (CAGR from 2024 to 2030) |
| Largest segment | Cocoa butter |
| Fastest growing segment | Cocoa Butter |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cocoa Butter |
Other key industry trends
- In terms of revenue, the North America accounted for 29.3% of the global cocoa beans market in 2023.
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Cocoa Beans Market Scope
Cocoa beans market segmentation & scope
Application
Cosmetics
Functional Foods & Beverages
Pharmaceuticals
Confectionery
Distribution Channel
Hypermarkets & Supermarkets
Convenience Stores
Specialty Stores
Online
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
China
India
Japan
South Korea
Australia
South Africa
Brazil
Cocoa Beans Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Fuji Oil Co Ltd | View profile | 702 | Tennozu Parkside Building, 5-8, Higashishinagawa 2-chome, Shinagawa-ku, Tokyo, Japan, 140-0002 | http://www.foc.co.jp |
| Valrhona | View profile | 501-1000 | Tain-l'hermitage, Rhone-Alpes, France, Europe | https://www.valrhona.com |
| The Hershey Company | View profile | 10001+ | Hershey, Pennsylvania, United States, North America | http://thehersheycompany.com |
| Mars Group Holdings Corp | View profile | 755 | 1-10-7 Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-0022 | http://www.mars-ghd.co.jp |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Barry Callebaut AG | View profile | 13615 | Hardturmstrasse 181, Zurich, Switzerland, 8005 | https://www.barry-callebaut.com |
| Nestle SA | View profile | 270000 | Avenue Nestle 55, Vevey, Switzerland, CH-1800 | https://www.nestle.com |
Global cocoa beans market size, by regions, 2018-2030 (US$M)
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