Nov 24, 2017

U.S. Chocolate And Confectionery Market. Analysis And Forecast to 2025

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U.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

Source: IndexBox AI Platform

Product coverage:

Chocolate coatings, made from cacao beans; Chocolate and chocolate-type confectionery products, made from cacao beans; Other chocolate and cocoa products, made from cacao beans; Chocolate and confectionery manufacturing from cacao beans, nsk, total


The report provides on a comprehensive survey of the U.S. chocolate and confectionery market. It outlines the latest data of the market size and volume, domestic production, exports and imports, price dynamics and turnover in the industry. In addition, the report contains insightful information about the industry, including industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains current data on the leading players in the industry.


Countries coverage: the U.S.


Companies mentioned:

Hershey Company,

Barry Callebaut USA,

Godiva Chocolatier,

Guittard Chocolate Co.,

The Warrell Corporation,

World's Finest Chocolate,

Astor Chocolate Corp.,

Champlain Chocolate Company,

Elmer Candy Corporation,

Madelaine Chocolate Novelties,

Mars Retail Group,

Sweetworks,

Frankford Candy,

Lake Country Foods,

Trufood Mfg.,

T R Toppers,

Totally Chocolate,

Rocky Mountain Chocolate Factory,

Hawaiian Host,

Blommer Chocolate Company of California,

London Harry Candies,

Cargill Cocoa & Chocolate,

Fantasy Chocolates,

Lindt & Sprungli (usa),

Karl Bissinger,

Rocky Mountain Chocolate Factory


Data coverage:

• Chocolate and confectionery market size;

• Chocolate and confectionery production, value of shipments;

• Key market players and their profiles;

• Exports, imports and trade balance;

• Import and export prices;

• Forecast of the market dynamics in the medium term;

• Key industry statistics;

• Life cycle of the chocolate and confectionery industry;

• Number of establishments and their locations;

• Employment data;

• Chocolate and confectionery industry productivity.


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


1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

This Chapter is Available Only for Professional Edition PRO
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

This Chapter is Available Only for Professional Edition PRO
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

This Chapter is Available Only for Professional Edition PRO
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

This Chapter is Available Only for Professional Edition PRO
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2013–2018
Table 3:
Market Value, 2013–2018
Table 4:
Per Capita Consumption In 2013-2018
Table 5:
Imports, In Physical Terms, By Country, 2013–2018
Table 6:
Imports, In Value Terms, By Country, 2013–2018
Table 7:
Import Prices, By Country Of Origin, 2013–2018
Table 8:
Exports, In Physical Terms, By Country, 2013–2018
Table 9:
Exports, In Value Terms, By Country, 2013–2018
Table 10:
Export Prices, By Country Of Destination, 2013–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2018
Figure 2:
Market Value, 2013–2018
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2018
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2018
Figure 5:
Trade Balance, In Physical Terms, 2013-2018
Figure 6:
Trade Balance, In Value Terms, 2013-2018
Figure 7:
Per Capita Consumption, 2013-2018
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2018
Figure 21:
Production, In Value Terms, 2013–2018
Figure 22:
Imports, In Physical Terms, 2013–2018
Figure 23:
Imports, In Value Terms, 2013–2018
Figure 24:
Imports, In Physical Terms, By Country, 2018
Figure 25:
Imports, In Physical Terms, By Country, 2013–2018
Figure 26:
Imports, In Value Terms, By Country, 2013–2018
Figure 27:
Import Prices, By Country Of Origin, 2013–2018
Figure 28:
Exports, In Physical Terms, 2013–2018
Figure 29:
Exports, In Value Terms, 2013–2018
Figure 30:
Exports, In Physical Terms, By Country, 2018
Figure 31:
Exports, In Physical Terms, By Country, 2013–2018
Figure 32:
Exports, In Value Terms, By Country, 2013–2018
Figure 33:
Export Prices, By Country Of Destination, 2013–2018
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