- The region is witnessing strong growth in cocoa products consumption, driven by changing dietary habits, increasing demand for premium chocolate, and rising urbanization
- In addition, the growth of the health and wellness trend has encouraged the consumption of dark chocolate and low-sugar cocoa products, further stimulating market demand across the region
- U.S. cocoa products market dominated the North America region in 2024, attributed to high per capita chocolate consumption, innovation in cocoa-based product formulations, and widespread adoption of clean-label ingredients
- Canada is expected to witness the highest compound annual growth rate (CAGR) in the North America cocoa products market due to rising consumer preference for ethically sourced and organic cocoa products, growing popularity of artisanal and dark chocolates, and increased adoption of cocoa in health and wellness applications
- Forastero cocoa segment dominated the market with the largest revenue share in 2024, primarily due to its widespread cultivation, high yield, and cost-effectiveness. This type of cocoa is commonly used in mass-market chocolate products and processed goods, making it a preferred choice among commercial manufacturers
