Product
Cocoa Powder Price Trend and Forecast
Cocoa Powder Price Trend and Forecast
Cocoa Powder Regional Price Overview
Get the latest insights on price movement and trend analysis of Cocoa Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Cocoa Powder Price Trend for the Q1 of 2024
| Product | Category | Region | Price | Time Period |
| Cocoa Powder | Food and Beverages | Asia | $10,000/MT | March’24 |
Stay updated with the latest Cocoa Powder prices, historical data, and tailored regional analysis
Cocoa powder prices were found to be rapidly surging throughout the first quarter of the year 2024. The price of cocoa reached a record high of over $10,000 per metric ton in March’24, more than double the price in January and nearly five times the price in March 2023. Chocolate manufacturers like Hershey and Mondelez plan to increase prices and modify product sizes in response to rising costs.
Cocoa Powder Price Chart
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The surge in cocoa prices is primarily attributed to poor crop yields in West Africa, major producing countries Ivory Coast and Ghana, exacerbated by El Niño-induced warmer temperatures and heavy rains, leading to the spread of black pod disease. This severely tightened the supply situation in the international markets, pushing the cocoa powder market rates to record highs. Overall, a surging price trajectory was observed for cocoa powder during the said time.
Analyst Insight
According to Procurement Resource, Cocoa Powder prices are likely to maintain their surges in the coming months as well. Since the supply situation is not improving and the demands are also rising, the price trend is projected to remain elevated.
Procurement Resource provides latest prices of Cocoa Powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About Cocoa Powder
Cocoa powder is made by crushing cocoa beans and removing the fat or cocoa butter. The remaining dried and fermented solids are processed into a fine powder. It has a rich brown color and a deep chocolate flavor, making it a key ingredient in a variety of foods, including baked goods, confectionery, and beverages. Cocoa powder is also used in cosmetics and pharmaceuticals for its flavor, color, and antioxidant properties.
Cocoa Powder Product Details
| Report Features | Details |
| Product Name | Cocoa Powder |
| CAS Number | 84649990 |
| Industrial Uses | Food and Beverages, Confectionery Items, Dairy Products, Cosmetics and Skincare, Pharmaceuticals |
| Supplier Database | Barry Callebaut AG, Cargill Incorporated, Olam International Limited, Blommer Chocolate Company, Mondelez International, Guan Chong Berhad, ECOM Cocoa, BT Cocoa, Nestlé SA |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Cocoa Powder Production Process
- Cocoa Powder Production by Cocoa Seeds: The production process of cocoa powder is initiated by processing cocoa seeds. Initially, the seeds of the cocoa plants, also known as cocoa beans, undergo roasting at a high temperature to develop the desired flavor in the beans. Passing through winnowing, the meat of the beans or nib is separated from its shell and then ground to form its paste, also known as the cocoa liquor. The liquor obtained from the cocoa bean is then pressed under high pressure (measuring approximately 550 bars) to obtain cocoa cake. The process is further carried out by grinding the cake obtained after pressing the liquor and producing cocoa powder as the final product.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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