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Cocoa Powder Market Size - By Product Type (Natural Cocoa Powder, Dutch-Processed Cocoa Powder, Blended Cocoa Powder, Cocoa Rouge), By Cocoa Variety (Criollo, Forastero, Trinitario, Nacional), By End-Use Industry & Forecast, 2024 – 2032

  • Report ID: GMI9378
  • Published Date: May 2024
  • Report Format: PDF

Cocoa Powder Market Size

Cocoa Powder Market size was valued at USD 21.2 billion in 2023 and is anticipated to register a CAGR of over 4.8% between 2024 and 2032. The market encompasses the worldwide trading and utilization of finely milled cocoa sourced from cocoa beans. It finds extensive application in a variety of food and beverage items, ranging from beverages to baked goods and chocolates.

Cocoa Powder Market

Moreover, it is valued for its flavour and health benefits, extending its use across industrial, pharmaceutical, cosmetic, and nutraceutical sectors. Due to its widespread applications across culinary, beverage, cosmetics, pharmaceutical, and industrial sectors, the cocoa powder industry is extensive. With increasing global demand for cocoa-based products and growing awareness of its health benefits, the market presents significant opportunities for worldwide expansion and innovation.

The cocoa powder market is propelled by two key factors such as escalating demand for cocoa-infused products across diverse industries and heightened consumer awareness regarding cocoa's health benefits. As health-conscious consumers seek out cocoa for its antioxidants and potential cardiovascular advantages, demand surges. Moreover, cocoa powder's versatility across culinary, beverage, cosmetics, pharmaceutical, and industrial sectors fuels its market expansion. Furthermore, the introduction of new cocoa-based products tailored to evolving consumer preferences and lifestyles further accelerates this trend.

The cocoa powder market confronts two primary challenges such as sustainability concerns in cocoa production and the volatility of cocoa bean prices. Factors like adverse weather and political unrest in cocoa-producing regions can trigger price fluctuations, endangering market stability and profitability. Furthermore, sustainability issues such as deforestation, child labor, and unsustainable farming practices jeopardize the long-term viability of cocoa production. To mitigate these challenges, stakeholders in the cocoa industry must collaborate to promote environmentally friendly farming methods, stabilize prices, and elevate social and environmental standards in cocoa-producing regions.

Cocoa Powder Market Trends

The cocoa powder industry is witnessing notable trends, notably a surge in the desire for organic and high-end chocolate products, fueled by health-conscious consumers prioritizing natural and superior choices. Moreover, there's an increasing emphasis on ethically and sustainably sourced cocoa, prompting enhanced transparency in the supply chain and certification initiatives. In response to shifting consumer preferences, cocoa product offerings are expanding to include sugar-free and flavored options. Additionally, the proliferation of e-commerce platforms and online stores is broadening access to cocoa powder products, fostering market expansion and enhancing customer interaction.

Cocoa Powder Market Analysis

Cocoa Powder Market Size, By Product Type, 2021 - 2032 (USD Billion)

Based on the product type, the market is segmented into natural cocoa powder, dutch-processed cocoa powder, blended cocoa powder, cocoa rouge. The natural cocoa powder segment reached USD 8.3 billion in 2023 and is expected to hold a market size of USD 12.3 billion in 2032. The market segment of natural cocoa powder encompasses products derived from minimally processed cocoa beans, maintaining their innate flavour and nutritional content.

Praised for its intense aroma and decadent chocolate taste, natural cocoa powder is favoured in baking, confectionery, and beverage preparations. This market is witnessing continual growth due to increasing consumer demand for natural and less refined ingredients. Its rising prominence within the cocoa powder industry is also owed to its adaptability in cooking and perceived health advantages.

Cocoa Powder Market Revenue Share, By Cocoa Variety, (2023)

Based on cocoa variety, the cocoa powder market can be further segmented into criollo, forastero, trinitario, nacional. The criollo segment dominates the market with a market share of about 75.3% in 2023 and is anticipated to hold a market share of about 76% in 2032. In the market, the criollo segment is distinguished as a specialized niche renowned for its unparalleled quality and distinctive flavor characteristics. Highly regarded by chocolatiers and gourmet chefs, criollo cocoa beans are cherished for their delicate flavor, floral scent, and harmonious bitterness.

Although less common than other cocoa bean types, the criollo category is increasingly favored by discerning consumers who appreciate exceptional taste and sophistication. Its scarcity enhances its exclusivity, positioning criollo cocoa as a premium choice for upscale chocolate products and culinary creations, elevating its prestige and price point.

Based on end-use industry, the cocoa powder market can be further classified into food and beverage, cosmetics, and personal care, pharmaceutical, nutraceuticals, others (dyes, inks, coatings). The food and beverage industry segment dominated around USD 12.6 billion in 2023 and is anticipated to hold a market size of about USD 18.8 billion in 2032. Cocoa powder plays a crucial role in the food and beverage industry due to its versatility and wide-ranging applicability. It enhances the chocolaty taste and is a fundamental ingredient in cakes, cookies, brownies, and various other baked goods.

Additionally, cocoa powder is employed in the making of chocolates, hot cocoa drinks, and chocolate-filled pastries, meeting diverse consumer demands. It brings depth and flavor to shakes, smoothies, and specialty coffees, enriching their taste profile. In summary, cocoa powder's capacity to elevate flavors and contribute to a broad spectrum of culinary creations emphasizes its indispensable significance in the food and beverage sector.

Europe Cocoa Powder Market Size, 2021- 2032 (USD Billion)

Europe cocoa powder market recorded over USD 8.6 billion revenue in 2023 and is poised to hold a market size of about USD 13.6 billion in 2032. Europe's market flourishes thanks to a dynamic chocolate sector and growing consumer enthusiasm for cocoa-based goods. With its longstanding tradition of chocolate consumption, Europe stands out as a pivotal market for cocoa powder, widely employed in beverages, confections, and baking.

Heightened health awareness fuels the demand for natural ingredients such as cocoa powder. Market growth is propelled by advancements in product compositions and packaging methods. Overall, Europe offers abundant prospects for expansion and innovation in the cocoa powder industry.

The UK's fondness for chocolate-infused products represents a significant growth avenue for the cocoa powder market. Thanks to the nation's affluent lifestyle and thriving chocolate sector, cocoa powder enjoys widespread utilization across various culinary realms including beverages, baked goods, and confectionery. Increasing consumer mindfulness regarding health and wellness, particularly regarding cocoa powder's perceived natural and nutritional advantages, further fuels its demand. Additionally, advancements in product innovation and packaging methods contribute to the market's expansion. Overall, the UK offers substantial potential for the cocoa powder sector to flourish, driven by evolving consumer preferences and market dynamics.

Germany's preference for chocolate products is leading to continuous growth in the country's market. Market dynamics are shaped by an increasing desire for natural and organic ingredients, as well as innovative product combinations. Moreover, heightened consumer awareness of health is driving the use of cocoa powder across a variety of culinary uses.

Cocoa Powder Market Share

Cocoa Powder Market Company Share, (2023)

Key players in the cocoa sector employ diverse methods to uphold their industry dominance. These encompass supply chain control via vertical integration to ensure consistent quality. They also prioritize sustainable sourcing practices to meet consumer demands for responsibly produced chocolate. Innovations in products, like the introduction of premium and organic chocolate items, address evolving consumer preferences. Furthermore, strategic alliances and acquisitions enable them to expand their product range and market presence. Their robust marketing and branding strategies bolster their industry leadership and foster enduring customer loyalty, ensuring sustained success in the long term.

Belcolade NV, Blommer, Barry Callebaut, Cargill, Cocoacraft, and Cocoa Processing Company Limited utilize diverse approaches within the cocoa powder market. These involve committing to sustainable sourcing methods for an ethical supply chain. They also emphasize innovating their cocoa powder offerings to align with changing consumer tastes. Additionally, these firms pursue strategic collaborations and acquisitions to broaden their international footprint. Furthermore, they place a high emphasis on quality assurance procedures to uphold product consistency and regulatory compliance, ultimately elevating customer contentment and strengthening their competitive standing in the cocoa powder sector.

Cocoa Powder Market Companies

Major companies operating in the cocoa powder industry include:

  • Belcolade NV
  • Blommer
  • Barry Callebaut
  • Cargill
  • Cocoacraft
  • Cocoa Processing Company limited
  • Indcresa
  • JB Foods Limited
  • Newtown Foods USA
  • Olam Cocoa
  • Organic Commodity products Inc
  • Plot Ghana

Cocoa Powder Industry News

  • In July 2022, OFI, a division of Olam International, unveiled a new 100% segregated organic cocoa powder in Chicago. This product debut took place at IFT FIRST, the Institute of Food Technologists' convention and expo. The cocoa powder's organic authenticity is guaranteed by its sourcing, procurement, and processing through a completely segregated supply chain. Additionally, at the expo, the company showcased gluten-free double chocolate chip cookies crafted with this deZaan Master 01 cocoa powder.

The cocoa powder market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Billion) (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Product Type

  • Natural Cocoa Powder
  • Dutch-Processed Cocoa Powder
  • Blended Cocoa Powder
  • Cocoa Rouge

Market, By Cocoa Variety

  • Criollo
  • Forastero
  • Trinitario
  • Nacional

Market, By End-Use Industry

  • Food and Beverage
  • Cosmetics and Personal Care
  • Pharmaceutical
  • Nutraceuticals
  • Others (Dyes, Inks, Coatings)

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of cocoa powder reached USD 21.2 billion in 2023 and is set to witness 4.8% CAGR between 2024 and 2032, owing to rising demand for natural and organic ingredients.

Natural cocoa powder segment was valued at USD 8.3 billion in 2023 and will generate USD 12.3 billion by 2032, driven by minimally processed cocoa beans, maintaining their innate flavour and nutritional content.

Europe market size generated USD 8.6 billion in 2023 and is anticipated to register USD 13.6 billion by 2032, propelled by advancements in product compositions and packaging methods.

Belcolade NV, Blommer, Barry Callebaut, Cargill, Cocoacraft, Cocoa Processing Company limited, Indcresa, JB Foods Limited, Newtown Foods USA, Olam Cocoa, Organic Commodity products Inc, and Plot Ghana.

Cocoa Powder Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 530
  • Countries covered: 22
  • Pages: 350
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