The global cocoa industry is a powerhouse, producing over 5 million tonnes of cocoa annually. That’s a staggering 11.023 billion pounds! In financial terms, cocoa production was valued at $16 billion in 2023 and is projected to rise to $22 billion by 2028, marking an annual growth rate of 7%. Cocoa’s versatility makes it a staple in numerous industries, from confectionery and beverages to cosmetics and skincare products. Interestingly, nearly half of the world’s cocoa comes from just two countries—Côte d’Ivoire and Ghana. In this article, we’ll explore the top 10 cocoa-producing nations, showcasing their contributions to this thriving industry.
- Côte d’Ivoire — 2,377,442 Tons
Côte d’Ivoire leads the world in cocoa production, exporting $3.33 billion worth of cocoa products in 2023. The country’s cocoa sector supports around 200,000 farmers through the Cocoa Life program, which fosters sustainability and development. Despite geopolitical challenges and climate change, Côte d’Ivoire’s industry remains stable, with a bullish 10% increase in the 2024–2025 harvest forecast.
- Ghana — 653,700 Tons
Ghana follows as the second-largest cocoa producer, with exports valued at $1.17 billion in 2023. Cocoa is deeply ingrained in Ghanaian culture, with nearly 800,000 people involved in the industry. However, climate change and inconsistent rainfall have led to a 5% reduction in production, underscoring the need for sustainable agricultural practices.
- Indonesia — 641,741 Tons
Indonesia has emerged as a significant cocoa producer, cultivating 641,741 tons in 2023. The Cocoa Life initiative has supported over 31,000 farmers since 2013, with production centered in Sulawesi, North Sumatra, West Java, Papua, and East Kalimantan. By 2026, experts predict Indonesia’s cocoa output could reach 836,000 metric tons.
- Ecuador — 375,719 Tons
Ecuador’s cocoa industry is a cornerstone of its economy, employing 150,000 families. The country produces 65% of the world’s fine aromatic cocoa, with its renowned Nacional variety prized for its rich flavor. With rising global demand for premium cocoa, Ecuador is poised for further growth.
- Brazil — 296,145 Tons
Brazil’s cocoa production has fluctuated over the years but remains a key player, with nearly 300,000 tons produced in 2023. The country’s commitment to sustainability earned its cocoa international recognition at the Cocoa of Excellence Awards. With strategic investments, Brazil could reach 400,000 tons by 2030.
- Cameroon — 295,819 Tons
Cameroon benefits from an ideal climate for cocoa cultivation, producing 295,819 tons in 2023. While much of its cocoa is processed domestically, the country is improving bean quality and increasing exports. A roadmap launched in 2017 aims to enhance efficiency and global market access.
- Nigeria — 284,232 Tons
Nigeria’s cocoa industry saw a 10% production boost in 2024, thanks to favorable weather conditions. With stable exports valued at nearly $700 million in 2023, Nigeria has the potential to expand its cocoa economy to $25 billion. However, issues like illegal trade and climate change need addressing to sustain growth.
- Peru — 166,708 Tons
Peru’s cocoa industry, dating back to 1900 BC, remains an essential part of its economy. In 2023, Peru exported $225 million worth of cocoa. Its Amazonian varieties, known for their unique flavors, are gaining global recognition. Production is projected to increase by 2–5% by the decade’s end.
- Dominican Republic — 65,930 Tons
The Dominican Republic is renowned for its premium organic cocoa, with production reaching 65,930 tons in 2023. The industry supports 35,000 families and 40,000 farms, with exports valued at $192 million. With steady growth anticipated, production is set to rise by 4.4% through 2029.
- Colombia — 59,831 Tons
Colombia’s cocoa sector is quietly growing, with production increasing by 36.5% between 2014 and 2021. In 2023, it exported $13.5 million worth of cocoa, primarily to the U.S. With continued investment and strategic initiatives, Colombia is well-positioned to expand its presence in the global cocoa trade.
Final Thoughts
Cocoa remains a vital economic driver for many countries, particularly in West Africa, where Côte d’Ivoire and Ghana dominate the market. While cocoa demand is rising, challenges such as climate change and price volatility persist. However, with sustainable practices and global collaboration, the future of the cocoa industry looks promising. As production continues to grow in countries like Indonesia and Brazil, the market is expected to stabilize, ensuring a steady supply of this beloved crop for years to come.
