Vietnameseโ Cocoa Poised to Compete in $127 Billion Global Chocolate Market
HANOI, โขVIETNAM – Vietnamese cocoa โฃbeans are receiving โrecognitionโ for their quality and potential to produce high-end chocolate, positioning the country as โa rising player in the globalโค confectionery industry, โexperts say. Despite challenges facing the broader market – including international trade shifts and climate concerns – โVietnam’s domestic cocoa brands are โฃexperiencing โคrapid growth in theโ premium and handmade chocolate sectors.
The global โคchocolate market is projectedโข to reach approximately $127 billion in 2025, โคup from $123 billion in 2024, representing a compound annual growth rate of around 4.8%. However, the โคindustryโค faces headwinds from factors like U.S. tariffs on Belgian chocolate and Ivory Coast cocoa,alongside ongoing climate and pest issues โคin West Africa that โthreaten cocoa supplies. This creates an chance for alternative sources like Vietnam.
currently, Vietnamโ has 3,471 โคhectares dedicated to cocoa cultivation, with 2,836โ hectaresโฃ harvested, yielding 4,786โ tonnes of โฃdry bean production – averaging 16.9 quintals of dry โbeans per hectare,โฃ according โฃtoโ data from theโค Ministry of Agriculture, Forestry and Surroundings.Cocoa farming isโ concentrated inโ the central highlands, southeast, Mekong Delta, and south-central coastal regions.
“Technology โand equipment are very critically โimportant factors for โคVietnamese agricultural products to compete globally,” stated Tran Duong โXuan Vu, founder and CEO ofโ TIM Corp, a company specializing in F&B solutions.he emphasized that while โคsoilโ quality is crucial, cultivation, harvesting techniques, and processing technology are equally vital in transforming high-quality beans into world-classโข chocolate.
The increasing demand for premium chocolate and theโ vulnerabilities in conventional cocoa-producing regionsโ are driving interest in Vietnamese cocoa โขas a “potential hope” for the industry. Domestic brands are capitalizing on this momentum, focusingโค on quality and craftsmanship to establish a foothold in the โgrowing market.