Cocoa Beans Market Size To Reach $23.68 Billion By 2033

September 2025 | Report Format: Electronic (PDF)

Cocoa Beans Market Growth & Trends

The global cocoa beans market size is expected to reach USD 23.68 billion by 2033, registering a CAGR of 4.8% from 2025 to 2033, according to a new report by Grand View Research, Inc. Growing popularity of cocoa beans as polyphenolic functional ingredient on account of their health benefits, such as reduced inflammation and risk of Cardiovascular Diseases (CVDs), better blood circulation, and improved cholesterol levels, is projected to remain a favorable factor. Furthermore, increasing usage of organic personal care products due to their long-lasting skin care benefits is expected to boost the demand for cocoa beans in the cosmetics sector, thereby driving the global market.

Increasing usage of cocoa butter as functional ingredient in the formulation of chocolates is also expected to be one of the key factors augmenting market growth. In addition, new product launches in premium categories including dark chocolate by major confectionery firms like Mondel?z International, Inc. is projected to expand the application scope of the product, thereby supporting market growth. On the other hand, pharmaceuticals is expected to remain the fastest-growing application segment from 2024 to 2030.

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Cocoa Beans Market Report Highlights

The cocoa butter segment dominated the market with a revenue share of 55.5% in 2024. The rising consumer preference for natural and organic ingredients in food products proliferates the market.
The confectionery application dominated the market and accounted for the largest revenue share of 36.8% in 2024. The increasing consumer demand for premium and artisanal chocolates has led to a surge in the use of high-quality cocoa beans.
Sales of cocoa beans through offline channels accounted for a market share of 79.5% in 2024. As lifestyles become busier, consumers seek one-stop shopping experiences to purchase various products, including cocoa-based goods such as chocolate, snacks, and baking ingredients.
The online distribution channel is expected to register the fastest CAGR of 5.7% during the forecast period. The rise of the online cocoa marketplace and specialty e-commerce platforms dedicated to cocoa and chocolate products has expanded suppliers' market reach and visibility
The North American cocoa beans market accounted for the largest revenue share of 29.2% in 2024. North American consumers increasingly seek high-quality, gourmet chocolates featuring exotic and unique cocoa bean varieties.