Cocoa Beans Market to Grow by USD 3.58 Billion from 2025-2029, Driven by Rising Popularity of Chocolate-Flavored Beverages, Report on AI's Impact on Market Trends - Technavio

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The global cocoa beans market  size is estimated to grow by USD 3.58 billion  from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  4.5%  during the forecast period. Rising popularity of chocolate-flavored beverages is driving market growth, with a trend towards increasing number of mergers and acquisitions. However, volatility in prices of cocoa beans  poses a challenge. Key market players include Barry Callebaut AG, Cargill Inc., CEMOI Group, Cocoa Supply, Costa Esmeraldas Cacao Co., Dutch Cocoa BV, ECOM Agroindustrial Corp. Ltd., Edna Group, Fuji Oil Holdings Inc., India Cocoa Pvt. Ltd., JINDAL COCOA, Meiji Holdings Co. Ltd., Meridian Cacao Co., Mondelez International Inc., Nederland SA, Niche Cocoa Industry Ltd., Olam Group Ltd., Puratos Group NV, The Mexican Arabica Bean Co., and United Cocoa Processor Inc..

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Key Market Trends Fueling Growth

The global Cocoa Beans market is experiencing significant growth due to increasing demand from the Chocolate industry, Confectionery industry, Pharmaceuticals industry, and Natural Cosmetics sector. Cocoa beans are rich in antioxidant properties, making them a popular ingredient in various food and beverage applications. The impact of hypertension and other health concerns has led to a rise in demand for dark chocolate variants, including brownies, mint flavor, vanilla flavor, and coffee flavor. Cocoa plants face challenges such as pests, dry weather, and weed accumulation, affecting yield and profitability. The supply dynamics of cocoa beans are influenced by factors like crop damage and the availability of cocoa butter, which is used as a lubricant, antioxidant, flavor enhancer, preservative, emulsifier, and humectant in various industries. The convenience of purchasing cocoa products through channels like brand outlets, direct selling, e-commerce portals, and value-added services, including free home delivery and cash-on-delivery options, is driving market growth. The cocoa powder segment, including alkalized cocoa powder with lower acidity and increased solubility, is also gaining popularity in the market. The pharmacological benefits of cocoa, such as its impact on cell membranes, cholesterol levels, and insulin sensitivity, are contributing to its use in the production of chocolate syrups, cakes, chocolate confectioneries, biscuits, and other food products. 

The global cocoa beans market has witnessed an increase in mergers and acquisitions (M&A) activities. These transactions are primarily driven by strategic objectives such as expanding product offerings, entering new markets, enhancing market presence, strengthening brand image, and gaining better control over the supply chain. One notable M&A in the industry occurred in April 2022, with Mondelez International acquiring Ricoline, Mexico's leading confectionery company, to broaden its reach in the Latin American market. 

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Market Challenges

• The Cocoa beans market faces several challenges in the Chocolate industry. Pests and unfavorable climatic conditions, particularly dry weather, negatively impact the yield and profitability of cocoa farmers. Weed accumulation and crop damage further reduce the yield. In the supply dynamics, the demand for cocoa butter as a lubricant, antioxidant, flavor enhancer, preservative, and emulsifier in various industries like confectionery, pharmaceuticals, and cosmetics, drives the market. However, the impact of hypertension on consumers' purchasing power and health concerns over sugar content in chocolate variants like milk chocolate, brownies, and cakes, pose challenges. Dark chocolate segment growth is driven by its health benefits, including anti-oxidant properties, lower acidity, and increased solubility. The market also faces competition from vegetable, fruit, and cereal-based alternatives. E-commerce portals, convenience stores, and direct selling offer value-added services like free home delivery, cash-on-delivery, and coupon benefits to consumers. The cocoa powder and chocolate syrups segments cater to the demand for additives in various food applications. Alkalized cocoa powder's lower acidity increases its use in baked goods and beverages.
• The global cocoa beans market is influenced by the price fluctuations of this key chocolate ingredient. Cocoa beans are essential for manufacturing industrial chocolate, with sugar and milk powder being the other primary components. Price instability in the cocoa market is caused by various factors, such as decreased production leading to higher prices and supply pattern shifts. The ongoing Ukraine-Russia conflict negatively impacts the market, while orders for cocoa beans have declined in countries like Germany and The Netherlands due to logistical and payment challenges. These factors collectively contribute to the market's volatility.

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Segment Overview 

This cocoa beans market report extensively covers market segmentation by

• Application
• Confectionery
• Functional Food And Beverage
• Cosmetics
• Others
• Product
• Cocoa Butter
• Cocoa Powder
• Cocoa Beverages
• Others
• Geography
• Europe
• North America
• APAC
• South America
• Middle East And Africa
• Type
• Forastero
• Trinitario
• Criollo
• Nature
• Organic
• Conventional
• Sale Channel
• B2B
• B2C

1.1 Confectionery-  The global cocoa beans market is experiencing significant growth due to the rising demand for low-fat cocoa powders in various confectionery products. Companies are launching new chocolate and confectionery items, such as toffee, hard candy, boiled sweets, marshmallows, count lines, fondants, and chocolate biscuits, to cater to this trend. The confectionery segment is expected to dominate the market during the forecast period. Major players like Mars and Nestle are focusing on increasing cocoa mass in their products to enhance the chocolate liquor flavor. For instance, Prodigy Snacks Ltd recently introduced Phenomenoms, a new chocolate biscuit range. The increasing preference for chocolate among consumers is driving the demand for cocoa beans in the confectionery industry. Additionally, key players are integrating vertically and horizontally to streamline the cocoa manufacturing process, further boosting market growth.

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Research Analysis

Cocoa beans are the foundation of the chocolate industry, with vegetables, fruits, and cereals often used as additional ingredients. The confectionery industry and pharmaceuticals industry also benefit from cocoa beans due to their health benefits. Cocoa beans are rich in antioxidant properties, which can help reduce the impact of hypertension and improve heart health. The chocolate industry offers various cocoa bean-derived products, including milk, dark, and flavored chocolates like brownies, mint, vanilla, and coffee. Cocoa plants face challenges from pests and require specific climatic conditions for optimal yield and profitability. Dry weather can lead to weed accumulation and crop damage, affecting supply dynamics. Cocoa butter, derived from cocoa beans, is used as a lubricant, antioxidant, flavor enhancer, preservative, emulsifier, and humectant in various industries. Cocoa beans are also used in cosmetic goods and natural cosmetics for their aroma-enhancing and mouthfeel properties.

Market Research Overview

Cocoa beans are the foundation of the chocolate industry, with applications extending to vegetable, fruit, and cereal-based foods, confectionery, pharmaceuticals, and cosmetics. Cocoa beans' health benefits include antioxidant properties, which help protect cell membranes and lower cholesterol levels, reducing the risk of cardiovascular diseases (CVDs) and insulin sensitivity. Climatic conditions, pests, and weed accumulation impact cocoa plant yield and profitability. Cocoa beans are used to produce cocoa butter, a lubricant, antioxidant, flavor enhancer, preservative, and emulsifier in various industries. Cocoa butter's versatility extends to enhancing the shelf life, mouthfeel, aroma, and humectant properties of various products. The chocolate industry offers a range of variants, including milk, dark, and flavored chocolates like mint, vanilla, and coffee. Cocoa plants' growth is influenced by factors such as dry weather, farmers' practices, and supply dynamics. Cocoa powder, a popular additive in various food products, is available in different forms, including alkalized cocoa powder, which has lower acidity and increased solubility. The convenience of purchasing cocoa beans and their derivatives through channels like brand outlets, direct selling, e-commerce portals, and value-added services has made them accessible to a broader consumer base. Cocoa beans' health benefits and diverse applications make them a valuable commodity in the food, pharmaceutical, and cosmetic industries. The market's growth is influenced by factors such as purchasing power, research and development, and consumer preferences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

• Application
• Confectionery
• Functional Food And Beverage
• Cosmetics
• Others
• Product
• Cocoa Butter
• Cocoa Powder
• Cocoa Beverages
• Others
• Geography
• Europe
• North America
• APAC
• South America
• Middle East And Africa
• Type
• Forastero
• Trinitario
• Criollo
• Nature
• Organic
• Conventional
• Sale Channel
• B2B
• B2C

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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SOURCE Technavio