Global Cocoa Beans Market Size & Outlook, 2023-2030
The cocoa beans industry worldwide is expected to reach a projected revenue of US$ 23,539.7 million by 2030. A compound annual growth rate of 8.2% is expected of the worldwide cocoa beans industry 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 2023 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
Confectionery
Functional Foods & Beverages
Pharmaceuticals
Cosmetics
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 |
|---|
Global cocoa beans market size, by regions, 2018-2030 (US$M)
Related regional statistics
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