United States Chocolate Market Size, Share, Growth ⅼ Forecast (2024 - 2032) ⅼ Renub Research
The United States chocolate market changed into US$34.03 billion in 2023 and will reach US$47.56 billion by 2032, with a CAGR of 3.9% throughout 2024–2032.
The confectionery marketplace in the US is experiencing an increase because of the growing demand for sweets, broadly endorsed with the aid of consumer preferences. The reputation of dark, milky, and white chocolates has surged through the years, driven by their extensive availability and buyers' evolving tastes. As a result, there was an upward thrust within the demand for cocoa in chocolate products, prompting manufacturers to innovate and blend superior products to fulfill those growing options. Moreover, the perception of chocolates as super pressure relievers and anti-growing old confectionery items has improved. The demand for milk-flavored chocolate and confectionery products is growing in the United States. Their affordability is riding the marketplace, increasing growth opportunities. More than half of purchasers eat chocolate every week, in various forms that include bars, muffins, and blocks.
The United States chocolate market has witnessed numerous noteworthy improvements in recent times, reflecting the industry’s dynamism and capability for growth.
- In December 2023, Fabelle Exquisite Chocolates collaborated with the Australian Macadamia Society and Master Chef Andy Allen to launch a set of 5 new chocolate pralines. These pralines offer a completely unique flavor experience with sweet, salty, bitter, salty, and spicy flavors whilst showcasing the flexibility of macadamia nuts as an ingredient. The collaboration ambitions to introduce Indian consumers to the notable global of Australian Macadamia nuts.
- In May 2023, Endangered Species Chocolate launched seasonal line of chocolate shapes at the 2023 Sweets Snacks Expo. The first line could be to be had national for Valentine's Day 2024, with subsequent lines for Spring, Halloween, and Winter. Each pouch contained 14 pieces of milk or dark chocolate inspired through the essence of the respective season.
- In Nov 2022, GODIVA's new restrained-edition 2022 Holiday Collection features a festive design and a whole lot of indulgent treats, best for sharing with loved ones and accessible to customers worldwide.
- In September 2022, Ferrero Rocher introduced Premium Chocolate Bars. This extraordinary addition elevates gifting experiences and provides luxury to memorable moments.
- In February 2022, Hershey released a confined-version chocolate bar known as "Celebrate SHE" to honor and have a good time girls and women. The bar's precise feature is the prominent placement of 'SHE' on the center of the milk chocolate.
- In February 2022, Lindt Japan launched new Sakura and Cream Lindor chocolate balls in Japan. These white chocolate balls are crafted the usage of various techniques.
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More than 90% of Americans opt for almonds, beating out peanuts and peanut butter in chocolate. Cocoa product policies enforced by the FDA are expected to decorate the best of cocoa products and stimulate demand in the United States. Health concerns about sugar content cloth have an effect on chocolate industry development, however additionally they create possibilities for entrepreneurs to enlarge low-sugar and herbal factor-based candies.
The health and wellness movement has improved the demand for darkish chocolate in the USA because of its numerous fitness advantages. Dark chocolate contains minerals, fiber, and antioxidants and can help lessen the hazard of coronary heart sickness. Its critical element is cocoa, and different elements include sugar, dairy products, nuts, and maize sweeteners, all priced with the aid of the commodity marketplace.
United States Chocolate Company Analysis
Nestlé S.A., The Hershey Company, Mondelez International, Inc., General Mills Inc., Cargill Inc., Saputo Inc., Chocoladefabriken Lindt and Sprungli AG, and Godiva Chocolates are the prominent players in the United States chocolate market.
United States Chocolate Market News
- In December 2023 - Puratos, acquired Foley's Chocolates, in its biggest chocolate industry acquisition. This multiplied Puratos' U.S. Market share and manufacturing talents. The acquisition supports Puratos' dedication to health, sustainability, and innovation and provides to its chocolate portfolio of plant-based, protein-more advantageous, and sugar-free solutions.
- In November 2023, Mars Inc. acquired U.K. Chocolate retailer Hotel Chocolate for £534 million, which has the ability for global growth.
- In October 2023 - Mondelēz International introduced new formats of the beloved Toblerone chocolate emblem in the markets as a part of its updated brand signature, "Never Square."
- In July 2023 - Theo Chocolate merged with the American Licorice Co. based in LaPorte, Indiana. This move is a part of Theo's broader restructuring plan, which includes shutting down its Seattle production facility and decreasing the quantity of workplace team of workers contributors.
- In May 2023, Ferrero North America unveiled new products and seasonal services, along with Kinder Chocolate, on the Sweets Snacks Expo in Chicago.
Type – United States Chocolate Market breakup in 2 viewpoints:
- Dark Chocolate
- Milk/White Chocolate
Distribution Channel – United States Chocolate Market breakup in 4 viewpoints:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online Retail Stores
- Other Distribution Channel
States – United States Chocolate Market breakup 29 States:
- California
- Texas
- New York
- Florida
- Illinois
- Pennsylvania
- Ohio
- Georgia
- New Jersey
- Washington
- North Carolina
- Massachusetts
- Virginia
- Michigan
- Maryland
- Colorado
- Tennessee
- Indiana
- Arizona
- Minnesota
- Wisconsin
- Missouri
- Connecticut
- South Carolina
- Oregon
- Louisiana
- Alabama
- Kentucky
- Rest of the United States
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
- Nestlé S.A.
- The Hershey Company
- Mondelez International, Inc.
- General Mills Inc.
- Cargill Inc.
- Saputo Inc.
- Chocoladefabriken Lindt and Sprungli AG
- Godiva Chocolates
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