The global cocoa beans market is experiencing steady growth, driven by the rising demand for chocolate products and other cocoa-based goods worldwide. As consumer preferences shift toward premium and dark chocolates, the demand for high-quality cocoa beans continues to grow, particularly in developed markets. The market is also benefiting from the increasing popularity of cocoa in health-conscious food and beverage products due to its antioxidant properties and potential health benefits. In addition, the growing consumption of cocoa in emerging markets, such as Asia-Pacific, is expanding the market's reach. The demand for traceable and sustainably sourced cocoa is pushing the market toward more responsible farming practices and certification schemes. With these trends, the cocoa beans market is expected to continue its upward trajectory, supported by innovations in processing and growing interest in cocoa's versatility.
Global Cocoa Beans Market size was valued at USD 13.67 billion in 2024 and is projected to reach USD 23.33 billion by 2032, with a CAGR of 6.90% during the forecast period of 2025 to 2032.
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Below are the Top Cocoa Beans Companies with a Significant Market Share:
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Rank
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Company
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Overview
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Product Portfolio
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Sales Geographical Coverage
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Developments
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1.
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Olam International Limited
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Olam International is a global leader in the sourcing, processing, and supply chain management of agricultural products. With a significant presence in the cocoa industry, Olam is involved in the sourcing, trading, and processing of cocoa beans, producing a variety of cocoa products for the food, beverage, and confectionery industries. The company focuses on sustainability and ethical sourcing, emphasizing traceability, fair labor practices, and environmental conservation.
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe
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In September 2020, Olam Cocoa, a prominent supplier of cocoa beans and ingredients, announced that it had successfully achieved 100% traceability for its directly sourced cocoa across its global supply chain, fulfilling a commitment made five years earlier. This milestone enables the company to trace around 12% of the world’s cocoa beans back to specific farms or communities.
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2.
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Sucden
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Sucden is a major player in the global commodity trading market, specializing in the trade and processing of cocoa beans. The company is involved in the purchase, processing, and sale of cocoa beans and other agricultural commodities, providing high-quality cocoa products to the food and beverage industry. Sucden is committed to responsible sourcing and works closely with farmers to improve the quality and sustainability of cocoa production.
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North America, South America, Middle East and Africa, Asia-Pacific, and Europe
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In December 2024, the IFC, taking a leading role and joined by FMO and the OPEC Fund, successfully closed a syndicated term loan worth 250 million euros to Sucden Côte d'Ivoire and Sucden SA for the procurement and export of cocoa in Ivory Coast.
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3.
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ECOM Agroindustrial Corp. Limited
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ECOM Agroindustrial Corp. is a global commodity trading and agricultural services company, with a focus on the cocoa sector. The company purchases, processes, and trades cocoa beans and other agricultural products, serving chocolate manufacturers and food producers. ECOM places a strong emphasis on sustainability and direct sourcing from farmers.
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Europe
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In February 2024, ECOM Agroindustrial Corp. Limited. announced its strategic commitment to achieving net-zero emissions by 2030, aligning with global sustainability goals. This initiative underscores Ecom’s dedication to reducing its carbon footprint across its supply chain, focusing on sustainable practices and innovative solutions. The company plans to implement advanced technologies and processes to enhance operational efficiency while minimizing environmental impact.
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4.
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Costa Esmeraldas Cacao Co.
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Costa Esmeraldas Cacao Co. is a specialized company focused on the production and processing of fine flavor cocoa beans from the Ecuadorian region. Known for its premium quality cocoa, Costa Esmeraldas supplies high-end cocoa products to chocolate makers and confectionery producers. The company emphasizes sustainable agricultural practices and is committed to supporting local farmers with training programs aimed at improving the quality and sustainability of cocoa production.
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North America, South America, Africa, Asia-Pacific, and Europe
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5.
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Meridian Cacao Co.
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Meridian Cacao Co. is a small but specialized player in the global cocoa bean trade, focusing on the sourcing and processing of high-quality cocoa beans. The company works directly with smallholder cocoa farmers, particularly in regions known for producing fine flavor cocoa. Meridian emphasizes ethical sourcing, promoting sustainable and traceable supply chains for cocoa products.
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South America
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Conclusion
The global cocoa beans market is set to continue its growth, driven by the rising demand for premium chocolate and cocoa-based products, particularly in developed and emerging markets. While challenges such as price volatility and sustainability concerns persist, the shift towards ethical sourcing and innovative processing techniques will likely support long-term growth. The market's future looks promising as consumer preferences for high-quality, health-oriented, and sustainably sourced cocoa products rise, positioning cocoa beans as a critical commodity in the food and beverage industry.
