There are 5-6 million cocoa farmers worldwide. 40-50 million people depend upon cocoa for their livelihood. About 90%-95% of all cocoa is produced by smallholder
farmers. The typical size of a smallholder farm is
about three hectares, with a very large proportion of
the farms in the size group of two to five hectares. (a.)
As of the year 2009, the current global market value of the annual cocoa crop was $5.1 billion (US dollars). As of Feb 2010, the price of cocoa was $3,325.60 per tonne (USD).
70 percent of global cocoa production comes from West African countries (70.4% in 2007). (a.)
Cocoa is the main ingredient used to make chocolate. To make 1 kg (2.2 pounds) of chocolate, about 300 to 600 cocoa beans are processed, depending on the desired cocoa content. Cocoa beans are also used to make soaps, and cosmetics. (a.)
Over forty percent of the world's cocoa beans are consumed in Europe (42.7% in 2007).
In the last few years a dramatic switch in consumer preferences from chocolate with a low cocoa
content to chocolate with a higher cocoa content
resulted in considerably more consumption of dark
chocolate. This switch has occurred, in particular,
in the mature markets of Europe and North America.
These developments in demand have contributed to an
unprecedented rapid increase in world cocoa grindings
over the past five years. (a.)
Top 5 facts sources:
World Cocoa Foundation. (2010). "Learn About Cocoa" Retrieved Feb, 2011 from: http://www.worldcocoafoundation.org/learn-about-cocoa/
Sources: FAOSTAT data, 2016 (last accessed May 29th, 2016).
List Notes: Production is for the year 2013 in metric tonnes which is the latest available data as of May, 2016. This top 5 list may include official, semi-official or estimated data gathered on cocoa bean production by the Food and Agriculture Organization of the United Nations.