U.S. - Chocolate And Confectionery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingU.S. Chocolate and Confectionery Market: Premium Segment to Drive the Market Expansion
The U.S. consumption of chocolate and confectionary is set to increase, driven by ongoing economic and population growth. Consumer income is on the rise; this will contribute to the expansion of the chocolate market in the premium segment - expensive sweets sold directly from where they are produced. Consumer preference is shifting towards organic products and sweets with a low sugar but high cocoa content, which is in line with the idea of healthy eating.
According to market research conducted by IndexBox, the U.S. chocolate and confectionery market was estimated at $X in 2016 in wholesale prices. This figure reflects the total revenue of producers and importers excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price. The value of the market grew steadily with a significant annual average growth rate of +X% from 2008 to 2016. An upward trend is expected to continue in the medium term. However, market growth may be affected by the unstable price of raw materials, especially cocoa; cocoa supplies can also be erratic and there is also the ongoing issue of political uncertainty in the cocoa producing countries.
The increase in consumer spending remains a key growth driver for the chocolate and confectionary market, especially in the premium segment. Thus, confectionery made from purchased chocolate and retailed at the place of manufacture emerged as the fastest-growing product category within the industry. Its output accelerated sharply over the last three years; given this increase, the CAGR of the output stood at +X% for the period from 2008-2016. More often than not, these products can be sourced in branded shops that offer exclusive-tasting sweets to their customers. Otherwise, these products are manufactured in small quantities by small businesses, or by hand in a specialist shop.
With the growth of health consciousness, there was a shift in consumer taste preferences towards organic, low-calorie and low-sugar products. This has encouraged manufacturers to invest in the development of sugar-free chocolates and candies. They are also now developing new flavors, particularly non-traditional flavors, designed to boost consumer interest amidst a highly competitive market.
The perceived benefits of ‘healthy and natural' products have been driving strong growth for chocolate with the heavier cocoa weighting. However, rising cocoa prices, the main raw material in the manufacture of chocolate and confectionery, as well as the increase in sugar prices in 2014 due to the anomalous frosts, led to a significant increase in production costs and caused a rise in the retail price.
The U.S. market remains largely buoyed by domestic production: its share in terms of total consumption has remained at approx. X% over the last six years, leaving X% for imports, mainly from the neighboring countries of Canada and Mexico. Nevertheless, the increase in consumption was supported by import growth which outpaced production expansion. As a result, the share of imports in total consumption rose slightly by +X percentage points from 2008 to 2016. Despite the fact that this share remains perceptible, imports not only intensify market competition, but enhance consumer choice opportunities with products from abroad.
Chocolate and confectionery production in the U.S. was estimated at $X in 2016. The value of shipments in the industry increased robustly from 2008 to 2016, a growth of $X (or X%) against the previous year. Chocolate and chocolate-type confectionery products, made from purchased chocolate not retailed at a manufacturing establishment represented a major share of U.S. chocolate and confectionery manufacturing (X% of the total figure in 2016), leaving considerable room for the production of chocolate and chocolate-type confectionery products, made from cacao beans (X%). They were followed by the category chocolate coatings, made from cacao beans (X%), and chocolate and chocolate-type confectionery products, made from purchased chocolate retailed at a manufacturing establishment (X%).
Imports of chocolate and confectionery also experienced steady growth, expanding with a CAGR of +X% over the period under review. It finally reached $X in 2016, a growth of X% against the previous year. Canada ($X) and Mexico ($X) constituted the major suppliers of chocolate and confectionery to the U.S., together comprising approx. X% of total imports, which was equal to an X% share (in 2016) of the total consumption figure for chocolate and confectionery. These countries were followed by Germany and Belgium, each accounting for X% of the total value of imports in 2016. Increased imports from Canada and Mexico made the most sizeable contribution to enhancing its total volume on the U.S. market. From 2008 to 2016, imports from Canada and Mexico increased at an annual rate of+X% and +X%, respectively.
Do you want to know more about U.S. chocolate and confectionery market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- chocolate and confectionery market share
- chocolate and confectionery market prices
- chocolate and confectionery market industry
- chocolate and confectionery market sales
- chocolate and confectionery market market forecast
- chocolate and confectionery market price forecast
- key chocolate and confectionery market producers
Source: U.S.: Chocolate And Confectionery - Market Report. Analysis and Forecast to 2025
This report provides an in-depth analysis of the chocolate and confectionery market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10821100 - Cocoa paste (excluding containing added sugar or other sweetening matter)
- Prodcom 10821200 - Cocoa butter, fat and oil
- Prodcom 10821300 - Cocoa powder, not containing added sugar or other sweetening matter
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
- Prodcom 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
- Prodcom 10822150 - Chocolate milk crumb containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822170 - Chocolate flavour coating containing .18 % or more by weight of cocoa butter and in packings weighing > 2 kg
- Prodcom 10822190 - Food preparations containing <18 % of cocoa butter and in packings weighing > 2 kg (excluding chocolate flavour coating, chocolate milk crumb)
- Prodcom 10822233 - Filled chocolate blocks, slabs or bars consisting of a centre (including of cream, liqueur or fruit paste, excluding chocolate biscuits)
- Prodcom 10822235 - Chocolate blocks, slabs or bars with added cereal, fruit or nuts (excluding filled, chocolate biscuits)
- Prodcom 10822239 - Chocolate blocks, slabs or bars (excluding filled, with added cereal, fruit or nuts, chocolate biscuits)
- Prodcom 10822243 - Chocolates (including pralines) containing alcohol (excluding in blocks, slabs or bars)
- Prodcom 10822245 - Chocolates (excluding those containing alcohol, in blocks, s labs or bars)
- Prodcom 10822253 - Filled chocolate confectionery (excluding in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822255 - Chocolate confectionery (excluding filled, in blocks, slabs or bars, chocolate biscuits, chocolates)
- Prodcom 10822260 - Sugar confectionery and substitutes therefor made from sugar substitution products, containing cocoa (including chocolate nougat) (excluding white chocolate)
- Prodcom 10822270 - Chocolate spreads
- Prodcom 10822280 - Preparations containing cocoa for making beverages
- Prodcom 10822290 - Food products with cocoa (excluding cocoa paste, butter, p owder, blocks, slabs, bars, liquid, paste, powder, granular, o ther bulk form in packings > 2 kg, to make beverages, c hocolate spreads)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
