Latin America Cocoa Beans Market Size & Outlook, 2023-2030
The cocoa beans market in Latin America is expected to reach a projected revenue of US$ 3,589.8 million by 2030. A compound annual growth rate of 7.6% is expected of Latin America cocoa beans market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,150.2
Forecast, 2030 (US$M)
$3,589.8
CAGR, 2024 - 2030
7.6%
Report Coverage
Latin America
Latin America cocoa beans market, 2018-2030 (US$M)
Latin America cocoa beans market highlights
- The Latin America cocoa beans market generated a revenue of USD 2,150.2 million in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, cocoa butter was the largest revenue generating product in 2023.
- Cocoa Butter is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 2,150.2 million |
| Market revenue in 2030 | USD 3,589.8 million |
| Growth rate | 7.6% (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 |
| Key market players worldwide | Nestle SA, Mars Group Holdings Corp, The Hershey Company, Cargill, Barry Callebaut AG, Fuji Oil Co Ltd, Valrhona |
Other key industry trends
- In terms of revenue, Latin America region accounted for 15.9% of the global cocoa beans market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,555.4 million by 2030.
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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 |
|---|
Latin America cocoa beans market
Related regional statistics
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