North America Cocoa Market Size, Share and Trends Analysis Report – Industry Overview and Forecast to 2032

North America Cocoa Market Size

• The North America Cocoa Market was valued at USD 9.68 billion in 2024 and is expected to reach USD 13.55 billion by 2032, at a CAGR of 4.4% during the forecast period
• The market growth is largely fueled by the rising consumer demand for premium, organic, and sustainably sourced cocoa products, driven by increasing awareness of health benefits associated with dark chocolate and flavonoid-rich cocoa. The growing preference for clean-label and ethically produced ingredients is encouraging manufacturers to adopt transparent and traceable supply chains, thereby enhancing consumer trust and brand value
• Furthermore, expanding applications of cocoa across confectionery, beverages, cosmetics, and nutraceuticals, coupled with ongoing innovations in product formulations such as plant-based and low-sugar chocolate variants, are accelerating market adoption. These converging factors are significantly boosting the cocoa industry's growth and positioning it as a key segment within the food and beverage domain.

North America Cocoa Market Analysis

• The North America Cocoa Market is significantly driven by the rising demand for chocolate and confectionery products across diverse consumer segments. Chocolate remains one of the most popular indulgence products worldwide, with consumption steadily increasing in both developed and emerging economies. Cocoa, being the primary raw material for chocolate production, experiences a direct surge in demand in line with the growing chocolate industry. Factors such as evolving consumer lifestyles, increasing disposable incomes, and the expansion of premium and artisanal chocolate segments are further fueling this trend.
• Emerging trends include the rising demand for vegan and plant-based cocoa-based products, innovation in cocoa-based functional and fortified food products, and increasing popularity of single-origin and specialty cocoa varieties.
• U.S. is expected to dominate the North America Cocoa Market, holding the largest revenue share of 77.54% in 2025, attributed to increasing demand for vegan and plant-based cocoa-based products presents.
• U.S. is projected to be the fastest-growing country in the market during the forecast period with a CAGR of 4.5%, driven by its rising popularity of cocoa-based beverages and wide range of beverage products, including traditional hot chocolate, ready-to-drink cocoa beverages, flavored milk, protein shakes, and functional wellness drinks.
• The cocoa powder & cake segment is expected to dominate the North America Cocoa Market, with a market share of 37.40% in 2025, owing to the expanding application of cocoa in cosmetics and personal care products.

Report Scope and North America Cocoa Market Segmentation

North America Cocoa Market Trends

“Rising Demand for Chocolate and Confectionery Products”

• One prominent trend in the North America Cocoa Market is significantly driven by the rising demand for chocolate and confectionery products across diverse consumer segments.
• Cocoa, being the primary raw material for chocolate production, experiences a direct surge in demand in line with the growing chocolate industry. Factors such as evolving consumer lifestyles, increasing disposable incomes, and the expansion of premium and artisanal chocolate segments are further fueling this trend.
• For instance, in May 2024, Ferrero officially opened its chocolate processing facility in U.S., a 70,000-square-foot expansion, to service key brands such as Kinder, Ferrero Rocher, Butterfinger, and CRUNCH
• Product innovation by confectionery manufacturers, including the introduction of exotic flavors, functional chocolates with health benefits, and sustainable sourcing claims, has broadened consumer appeal.

North America Cocoa Market Dynamics

Driver

“Growing Awareness of Cocoa’s Health and Antioxidant Benefits”

• One of the key trends propelling the North America Cocoa Market is the increasing awareness of cocoa’s health-promoting properties has emerged as a strong driver for the market
• Cocoa is naturally rich in flavonoids, polyphenols, and other antioxidants that are linked to various health benefits, including improved cardiovascular health, better blood circulation, and reduced risk of chronic diseases.
• For instance, in November 2024, University of Birmingham researchers revealed that consuming high-flavanol cocoa after a high-fat meal greatly enhanced blood flow and vascular performance for up to 90 minutes, even during mental stress, suggesting a protective role for cardiovascular health in challenging dietary conditions
• The wellness trend, coupled with the rise of preventive healthcare, is expanding cocoa’s applications into categories such as cocoa-based beverages, protein powders, and beauty-from-within products. As consumers become more informed about the nutritional value of cocoa, the market is expected to benefit from sustained demand, creating new growth avenues across multiple industries beyond traditional chocolate manufacturing.
• Manufacturers are capitalizing on this awareness by promoting “dark chocolate” and “high cocoa content” products, which contain higher levels of beneficial compounds compared to milk chocolate

Opportunities

“Rising Demand for Vegan and Plant-Based Cocoa-Based Products”

• Growing adoption of vegan and plant-based lifestyles, driven by ethical, environmental, and health factors, is boosting demand for dairy-free cocoa-based products.
• Cocoa, being naturally plant-derived, aligns well with vegan trends in confectionery, bakery, and beverage industries.
• Product innovations such as dairy-free dark chocolates, plant-based cocoa beverages, and vegan-friendly cocoa spreads are gaining popularity.
• The rise of plant-based milk alternatives (almond, oat, and soy milk) supports the development of creamy, indulgent cocoa-based drinks without dairy.
• In 2023, Barry Callebaut reported strong traction for vegan chocolate brands using cocoa butter and plant milks, appealing to health- and sustainability-conscious consumers.
• Premium brands are offering ethically sourced, organic, and sustainably packaged vegan cocoa products, particularly thriving North America.

Restraint/Challenge

“Growing Competition from Alternative Ingredients in Confectionery Production”

• One of the key restraints impacting the North America Cocoa Market is the growing competition from alternative ingredients used in confectionery production. Rising cocoa prices, coupled with supply uncertainties caused by climate change and crop diseases, have encouraged manufacturers to explore cost-effective substitutes.
• Ingredients such as carob, synthetic cocoa flavors, and other plant-based alternatives are increasingly being adopted to partially or completely replace cocoa in chocolate, bakery, and beverage applications.
• Advanced food technology has enabled the development of cocoa flavor mimetics and blends that use less cocoa while maintaining taste and texture. This shift is particularly noticeable among mass-market confectionery brands seeking to maintain competitive pricing without compromising consumer appeal.
• While these alternatives may not fully replicate the premium qualities of cocoa, their increasing acceptance in certain consumer segments poses a challenge for cocoa demand.

North America Cocoa Market Scope

The North America Cocoa Market is segmented into product type, nature, types of cocoa, distribution channel, and application.

• Product Type

On the basis of product type, the market is segmented into cocoa powder & cake, cocoa butter, cocoa beans, cocoa liquor & paste, cocoa nibs, others. In 2025, the cocoa powder & cake segment is expected to dominate the market with a market share of 37.40%. The dominance of the cocoa powder & cake segment can be attributed to its widespread use in chocolate manufacturing, bakery applications, and beverage formulations. Its ease of storage, long shelf life, and compatibility with large-scale production processes make it highly preferred among food processors.

The cocoa beans segment is projected to grow with the highest CAGR of 5.2% during the forecast period due to rising demand for premium and single-origin chocolates, increasing use of raw cocoa in artisanal and craft applications, and growing consumer preference for minimally processed, natural ingredients.

• Nature

On the basis of nature, the market is segmented into conventional, organic. In 2025, the conventional segment is expected to dominate the market with a share of 92.82%. The dominance of the conventional segment is primarily driven by its cost efficiency, established supply chains, and large-scale production capabilities. Conventional cocoa offers consistent quality, making it ideal for manufacturers targeting mass-market applications.

The organic segment is anticipated to grow with the highest CAGR of 5.0% during the forecast period, owing to increasing consumer awareness of health and wellness.

• Type of Cocoa

On the basis of type of cocoa, the market is segmented into forastero cocoa, trinitario cocoa, criollo cocoa. In 2025, the forastero cocoa segment is expected to dominate with a market share of 83.53%. The dominance of the forastero cocoa segment can be attributed to its resilience, consistent quality, and suitability for mass production. Its regional cultivation footprint, supports economies of scale and meets the demands of large-scale chocolate producers. Its robustness also makes it less susceptible to disease, ensuring steady supply and affordability, driving their rapid adoption and consistent market growth

Forastero cocoa growing at the highest CAGR of 4.5% during the forecast period, due to its high yield, lower cost of production, and widespread cultivation.

• Distribution Channel

On the basis of distribution channel, the market is segmented into indirect, direct. In 2025, the Indirect segment is expected to dominate with a market share of 77.35%. The dominance of the Indirect segment is supported by the presence of established retail, wholesale, and distribution networks that facilitate access to cocoa products across both developed and emerging markets. Indirect channels offer better logistics, wider geographic coverage, and economies of scale especially for manufacturers distributing through supermarkets, wholesalers, and foodservice providers, driving their rapid adoption and consistent market growth.

The indirect segment is forecasted to grow with the highest CAGR of 4.9% during the forecast period, driven by the rapid expansion of e-commerce platforms, growing popularity of online retail channels, and increasing consumer preference for convenient purchasing options.

• Application

On the basis of application, the market is segmented into dietary supplements, food and beverage, beverage, pharmaceuticals, personal care and cosmetics. In 2025, the dietary supplements segment is anticipated to dominate with a share of 39.78%. The dominance of the dietary supplements segment is attributed to the growing recognition of cocoa’s health benefits, including its antioxidant properties, mood-enhancing effects, and cardiovascular support. Cocoa-based supplements are increasingly integrated into health-conscious diets and functional nutrition products, particularly in developed markets where preventive wellness is a major trend, driving their rapid adoption and consistent market growth.

The food and beverage segment is expected to grow with the highest CAGR of 5.0% during the forecast period, driven by increasing demand for cocoa-based snacks, bakery products, and dairy alternatives.

North America Cocoa Market Regional Analysis

• U.S. is expected to dominate the North America Cocoa Market, holding the largest market share of 77.54% in 2025, attributed to increasing demand for vegan and plant-based cocoa-based products presents.
• U.S. is projected to be the fastest-growing country in the market during the forecast period with a CAGR of 4.5%, driven by its rising popularity of cocoa-based beverages and wide range of beverage products, including traditional hot chocolate, ready-to-drink cocoa beverages, flavored milk, protein shakes, and functional wellness drinks.
• The North America Cocoa Market in the North America region is experiencing steady growth due to several key factors. One of the primary drivers is the rising demand for cocoa-based products such as chocolate, confectionery, and bakery items, fueled by a growing urban population and increasing disposable incomes. As consumer preferences shift toward Western-style diets and indulgent foods, the consumption of chocolate and cocoa-infused products is becoming more widespread, particularly in urban centers across the region. Additionally, the expanding food and beverage industry, along with a growing interest in functional foods and dietary supplements, is further boosting cocoa usage in diverse applications. The region is also witnessing a rise in organic and ethically sourced cocoa, driven by growing health awareness and sustainability concerns among consumers. Moreover, advancements in supply chain infrastructure and increased investments in local cocoa processing facilities are supporting market growth by improving product availability and reducing dependency on imports.

North America Cocoa Market Insight

North America is expected to register the CAGR of 4.4% from 2025 to 2032, large-scale consumption of chocolate and cocoa-based products, particularly in the United States. North America has a well-established and highly diversified food and beverage industry, where cocoa is a key ingredient in a broad range of products including confectionery, baked goods, dairy products, snacks, and beverages.

U.S. North America Cocoa Market Insights

U.S. is the expected to be the fastest growing with CAGR 4.5% from 2025 to 2032, the high demand for packaged and branded chocolate products, particularly during seasonal peaks such as holidays and special occasions. The U.S. is one of the world’s largest chocolate consumers and has a mature market with leading companies such as Hershey, Mars, and Mondelez driving production and innovation.

Canada North America Cocoa Market Insights

Canada continues to emerge as a significant market in the cocoa industry, supported by rising chocolate consumption and a growing preference for premium and artisanal products. The country benefits from a strong retail infrastructure and increasing demand for organic and ethically sourced cocoa ingredients. Canada is expected to be the one of the fastest growing in North America with a CAGR of 4.1% from 2025 to 2032, driven by health-conscious consumers seeking clean-label, fair-trade, and low-sugar cocoa products. Canadian manufacturers are also innovating with plant-based and functional cocoa offerings, aligning with evolving dietary trends and sustainability values, driving their rapid adoption and consistent market growth.

North America Cocoa Market Share

The cocoa industry is primarily led by well-established companies, including:

• Neogric Limited (U.K.)
• Macofa Chocolate factory (India)
• Toutan S.A (France)
• Olam International Limited (Singapore)
• Blommer Chocolate Company (U.S.)
• Deprama Cocoa (Indonesia)
• PT GRAND KAKAO INDONESIA (Indonesia)
• Jaya Saliem Industri (Indonesia)
• INDCRE S.A (Spain)
• PT ANDOW NGENSOWIDJAJA (Indonesia)
• INDOCOCOA (PT KENDO AGRI NUSANTARA) (Indonesia)
• Guan Chong Berhad (Malaysia)
• ECUAKAO GROUP LTD (Ecuador)
• CocoaCraft (India)
• Sucden (France)
• Cargill, Incorporated (U.S.)
• Cocoa Processing Company Limited (CPC) (Ghana)
• Uncommon Cacao (U.S.)
• Puratos (Belgium)
• ECOM Agroindustrial Corp. Limited (Switzerland)
• Kokoa Kamili (Tanzania)
• Barry Callebaut (Switzerland)
• JB Cocoa (Malaysia)
• Cocoa Hub (U.K.)
• Duc d’O (Part of the Baronie.com group) (Belgium)
• Natra (Spain)
• MONER COCOA, S.A. (Spain)
• Pacari Chocolate (Ecuador)
• Icam Spa (Italy)
• ALTINMARKA (Turkey)

Latest Developments in North America Cocoa Market

• In October 2024, A new cocoa production line was launched by Cargill at its Gresik plant in Indonesia to address the growing Asian appetite for indulgent foods, especially in bakery, ice cream, chocolate confectionery, and café-style beverages. The line was designed to enhance customization, enabling production of specialty cocoa powders and liquors with differentiated flavor profiles tailored to regional preferences.
• In October 2024, ICAM Cioccolato has launched a redesigned e-shop built on Shopify, offering a mobile-friendly, intuitive, and secure shopping experience. The platform showcases ICAM, Vanini, and Otto products while emphasizing sustainability and inclusivity. Featuring customer profiling for personalized marketing, the project was developed with Ecommerce School and supported by promotional campaigns to boost visibility and online sales.
• In June 2025, Kokoa Kamili, operating in Tanzania's Kilombero Valley since 2013, reaffirmed its mission to position the country as a global leader in fine-flavor cocoa. Co-founder Siman Bindra emphasized that while Tanzania produces only about 14,000 tons annually-far below major producers like Ivory Coast and Ghana-the nation's strength lies in its genetics, climate, and quality. Kokoa Kamili partners with 1,500 organic-certified farmers, has distributed over 600,000 seedlings, and is developing grafting programs from top-yielding, high-flavor trees. The company has won the Cocoa of Excellence award three times and seeks International Cocoa Organization recognition for its fine-flavor status to secure higher prices for all Tanzanian cocoa. Facing climate change challenges, Kokoa Kamili explores solar-powered irrigation and calls for national irrigation strategies to include cocoa. Bindra also aims to break the misconception that Africa produces only bulk, low-quality cocoa, stressing Tanzania's proven excellence in premium markets.
• In March 2025, Natra Cacao S.L. launched a project, supported by the European Regional Development Fund (FEDER) and the Valencian Agency of Innovation, to develop fermented products analogous to cocoa for chocolate production. The initiative explores alternative plant-based raw materials with the same organoleptic profile and functionality as fermented cocoa, aiming to create value-added products with health benefits, shorter and more resilient supply chains, and reduced dependence on volatile North America Cocoa Markets. The project also seeks to lower carbon footprint, mitigate deforestation risks, and drive innovation across the Natra group's value chain.
• In June 2025, In June, Touton showcases how collaboration, operational intelligence, and targeted innovation have driven meaningful results in forest protection, sustainable production, and community engagement in the 2023-2024 crop year. The report highlights achievements such as the distribution of hundreds of thousands of improved cocoa and multi-purpose trees in Ghana and Côte d'Ivoire, and the training of over 112,000 farmers in climate-smart practices.

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