U.S. - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights
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View PricingUnited States' Chocolate Market Forecast to Reach 4.1 Million Tons and $24 Billion by 2035
IndexBox has just published a new report: U.S. - Chocolate And Cocoa Products - Market Analysis, Forecast, Size, Trends and Insights.
The US chocolate and cocoa market is forecast to grow slowly, reaching 4.1 million tons in volume ($24 billion in value) by 2035. In 2024, consumption was 4M tons ($22.7B), with production at 3.6M tons ($20B). The US is a net importer, with Canada as the dominant supplier (59% share by volume). Exports surged in 2024, primarily to Canada, which is also the largest export destination. Import prices have risen significantly, while export prices have remained relatively stable.
Key Findings
- Market forecast to reach 4.1M tons ($24B) by 2035, indicating slow but steady growth
- US is a net importer, with a 757K ton import volume heavily reliant on Canada (59% share)
- Export volume surged 18% in 2024, with Canada as the primary destination (49% share)
- Average import price rose sharply to $6,389/ton, driven by higher costs from key suppliers
- Domestic production (3.6M tons) does not meet total consumption (4M tons), creating an import gap
Market Forecast
Driven by increasing demand for chocolate and cocoa products in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.3% for the period from 2024 to 2035, which is projected to bring the market volume to 4.1M tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +0.5% for the period from 2024 to 2035, which is projected to bring the market value to $24B (in nominal wholesale prices) by the end of 2035.
Consumption
United States's Consumption of Chocolate And Cocoa Products
In 2024, chocolate consumption in the United States rose modestly to 4M tons, growing by 2.2% on 2023. The total consumption volume increased at an average annual rate of +1.5% over the period from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when the consumption volume increased by 5.6% against the previous year. Chocolate consumption peaked at 4.2M tons in 2022; however, from 2023 to 2024, consumption remained at a lower figure.
The size of the chocolate market in the United States rose remarkably to $22.7B in 2024, surging by 5.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.0% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 9.7% against the previous year. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in the near future.
Production
United States's Production of Chocolate And Cocoa Products
Chocolate production in the United States expanded slightly to 3.6M tons in 2024, picking up by 2.8% compared with 2023 figures. The total output volume increased at an average annual rate of +1.4% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 6.5%. Chocolate production peaked at 3.7M tons in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.
In value terms, chocolate production amounted to $20B in 2024. The total output value increased at an average annual rate of +3.2% over the period from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, production attained the maximum level in 2024 and is likely to see steady growth in the immediate term.
Imports
United States's Imports of Chocolate And Cocoa Products
In 2024, approx. 757K tons of chocolate and cocoa products were imported into the United States; increasing by 6.6% on the previous year. The total import volume increased at an average annual rate of +2.1% from 2013 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at 779K tons in 2022; however, from 2023 to 2024, imports failed to regain momentum.
In value terms, chocolate imports surged to $4.8B in 2024. In general, total imports indicated prominent growth from 2013 to 2024: its value increased at an average annual rate of +7.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +123.3% against 2013 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2024, Canada (447K tons) constituted the largest chocolate supplier to the United States, accounting for a 59% share of total imports. Moreover, chocolate imports from Canada exceeded the figures recorded by the second-largest supplier, Mexico (132K tons), threefold. The third position in this ranking was taken by Belgium (28K tons), with a 3.8% share.
From 2013 to 2024, the average annual rate of growth in terms of volume from Canada stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-4.1% per year) and Belgium (+3.1% per year).
In value terms, Canada ($2.7B) constituted the largest supplier of chocolate and cocoa products to the United States, comprising 55% of total imports. The second position in the ranking was taken by Mexico ($677M), with a 14% share of total imports. It was followed by Belgium, with a 5.2% share.
From 2013 to 2024, the average annual growth rate of value from Canada amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.0% per year) and Belgium (+6.4% per year).
Import Prices By Country
In 2024, the average chocolate import price amounted to $6,389 per ton, growing by 15% against the previous year. In general, import price indicated a buoyant increase from 2013 to 2024: its price increased at an average annual rate of +5.4% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, chocolate import price increased by +54.5% against 2020 indices. The pace of growth appeared the most rapid in 2023 an increase of 16%. Over the period under review, average import prices reached the maximum in 2024 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was Switzerland ($9,770 per ton), while the price for Mexico ($5,135 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Mexico (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports
United States's Exports of Chocolate And Cocoa Products
Chocolate exports from the United States surged to 385K tons in 2024, with an increase of 18% on the year before. The total export volume increased at an average annual rate of +1.1% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, chocolate exports surged to $2.1B in 2024. The total export value increased at an average annual rate of +3.0% from 2013 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 21%. The exports peaked in 2024 and are likely to see steady growth in the immediate term.
Exports By Country
Canada (188K tons) was the main destination for chocolate exports from the United States, accounting for a 49% share of total exports. Moreover, chocolate exports to Canada exceeded the volume sent to the second major destination, Mexico (71K tons), threefold. The Philippines (9.3K tons) ranked third in terms of total exports with a 2.4% share.
From 2013 to 2024, the average annual rate of growth in terms of volume to Canada totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.4% per year) and the Philippines (+1.4% per year).
In value terms, Canada ($945M) remains the key foreign market for chocolate and cocoa products exports from the United States, comprising 44% of total exports. The second position in the ranking was taken by Mexico ($350M), with a 16% share of total exports. It was followed by South Korea, with a 2.4% share.
From 2013 to 2024, the average annual rate of growth in terms of value to Canada totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.2% per year) and South Korea (-4.1% per year).
Export Prices By Country
The average chocolate export price stood at $5,554 per ton in 2024, approximately reflecting the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 when the average export price increased by 6.2%. Over the period under review, the average export prices hit record highs in 2024 and is likely to see gradual growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2024, amid the top suppliers, the countries with the highest prices were South Korea ($7,065 per ton) and the UK ($6,622 per ton), while the average price for exports to Mexico ($4,954 per ton) and Canada ($5,014 per ton) were amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides a comprehensive view of the chocolate industry in the United States, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the chocolate landscape in the United States.
Quick navigation
- Key findings
- Report scope
- Product coverage
- Country coverage
- Methodology
- Forecasts to 2035
- Price analysis
- Market participants
- Country profiles
- How to use this report
- FAQ
Key findings
- Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
- Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
- Supply depends on input availability and production efficiency, creating a distinct national cost curve.
- Market concentration varies by segment, creating different competitive landscapes and entry barriers.
- The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for the United States. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
- Market size and growth in value and volume terms
- Consumption structure by end-use segments
- Production capacity, output, and cost dynamics
- Trade flows, exporters, importers, and balances
- Price benchmarks, unit values, and margin signals
- Competitive context and market entry conditions
Product coverage
- 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
Country profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for the United States. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
- International trade data (exports, imports, and mirror statistics)
- National production and consumption statistics
- Company-level information from financial filings and public releases
- Price series and unit value benchmarks
- Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links chocolate demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in the United States.
- Historical baseline: 2012-2025
- Forecast horizon: 2026-2035
- Scenario-based sensitivity to income growth, substitution, and regulation
- Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
- Price benchmarks by country and sub-region
- Export and import unit value trends
- Seasonality and calendar effects in trade flows
- Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
- Business focus and production capabilities
- Geographic reach and distribution networks
- Cost structure and pricing strategy indicators
- Compliance, certification, and sustainability context
How to use this report
- Quantify domestic demand and identify the most attractive segments
- Evaluate export opportunities and prioritize target destinations
- Track price dynamics and protect margins
- Benchmark performance against leading competitors
- Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of chocolate dynamics in the United States.
FAQ
What is included in the chocolate market in the United States?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for the United States.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- 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: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2025) AND FORECAST (2026–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2025)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2025)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2025
- Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
- Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms, By Country, 2012–2025
- Imports, In Value Terms, By Country, 2012–2025
- Import Prices, By Country, 2012–2025
- Exports, In Physical Terms, By Country, 2012–2025
- Exports, In Value Terms, By Country, 2012–2025
- Export Prices, By Country, 2012–2025
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Value: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Per Capita Consumption: Historical Data (2012–2025) and Forecast (2026–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- 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: Historical Data (2012–2025) and Forecast (2026–2035)
- Production, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Imports, In Physical Terms, By Country, 2025
- Imports, In Physical Terms, By Country, 2012–2025
- Imports, In Value Terms, By Country, 2012–2025
- Import Prices, By Country, 2012–2025
- Exports, In Physical Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Value Terms: Historical Data (2012–2025) and Forecast (2026–2035)
- Exports, In Physical Terms, By Country, 2025
- Exports, In Physical Terms, By Country, 2012–2025
- Exports, In Value Terms, By Country, 2012–2025
- Export Prices, By Country, 2012–2025
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