Global Cocoa Market To See Moderate Growth

Executives from The Hershey Co. sign a processed cocoa sourcing agreement with officials from Ivory Coast.

Valley Cottage, NY — The worldwide cocoa market is projected to increase 3.4 percent, compounded annually through 2026, to total some $14.5 billion, according to Future Market Insights.

Deterrents to market growth include unsuitable weather conditions, poor farm management and neglecting to adopt modern growing practices, and governments aiming to hike end-user value by encouraging farmers to only provide high-quality cocoa, while discarding remaining product, Future Market Insights reports.

The research firm finds that demand for organic cocoa will not surpass that for conventional cocoa products such as cocoa liquor. By the end of the 2026, conventional cocoa derived from Dutch processing techniques will bring in nearly $10 billion globally.