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North-American Chocolate Confectionery Market Research Report - Forecast to 2027

North American Chocolate Confectionery Market Research Report: by type (milk, dark, white) by category (chocolate bars, candies.) by distribution channel (store based, non store based), by country (US, Canada, Mexico) - Forecast period from 2020 to 2027

ID: MRFR/F-B & N/1000-HCR | December 2022 | Region: Global | 90 Pages         

North American Chocolate Confectionery Market

The North American chocolate market size was valued at USD 57.4 billion in 2021 Compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.

Segmentation

By Type milk dark white
By Category chocolate bars candies
By Distribution Channel store based non store based

Key Players

  • Puratos (Belgium)
  • Foleyโ€™s Candies LP (Canada)
  • Cargill (US)
  • Nestle SA (Switzerland)
  • Hershey (US)
  • Barry Callebaut (Switzerland)
  • Guittard Chocolate Company (US)
  • Valrhona (France)
  • Alpezzi Chocolate (Mexico)
  • Ghirardelli (US)
  • Ferrero (Italy)
  • Republica del Cacao (Ecuador)
  • and Scharffen Berger (US)

Drivers

  • Health Benefits
  • Increase Application Area
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Market Scenario



North American Chocolate Confectionery Market
size was valued at USD 57.4 billion in 2021 Compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. is undergoing slow growth, owing to the changing consumer preference and increasing inclination towards healthier, natural, and clean label products. Furthermore, growing availability of a range of other snack products, such as nuts and meat snacks, have further impacted the growth of the chocolate confectionery market.


Key players in the region are emphasizing on innovation in chocolate confectionery products which is expected to support market growth in the region during the forecast period. Introduction of products with new flavors, such as lemon zest, chocolate products induced with different vegetables, fruits and nuts are gaining popularity among consumers, which will further expected to boost the market growth during the forecast period. Moreover, launches of miniature versions of popular products are expected to boost sale as they contain fewer calories comparatively.


Furthermore, key players are adopting various strategies to attract consumers and boost the market growth such as partnering with celebrities and famous sports personalities to endorse a product, launching new products during festive seasons to drive revenue generation, and creating a presence in digital space to provide consumers with the convenience of home shopping.


Segmentation


The North American chocolate confectionery market has been segmented into type, category, distribution channel, and country.


Based on type, the market has been segmented into milk, dark, white. Milk chocolate is a popular choice among consumers and holds a major market share. The dark chocolate segment is expected to dominate the market during the forecast period owing to health benefits of dark chocolates, including their antioxidant properties.


Based on category, the North American chocolate confectionery market has been segmented into chocolate bars, candies, and others.


Based on the distribution channel, chocolate confectionery market in North America has been segmented into store based and non store based. Store based category is further segmented into supermarkets/hypermarkets, convenience store, and others, while e-commerce websites are categorized under the non store based category. The store based segment is expected to show significant growth during the forecast period owing to strong consumer base and a wide variety of product.


Based on country, the market has been segmented into the US, Canada, and Mexico. The US is expected to dominate the North American chocolate confectionery market.


Key players


Mondelez (US), Mars (US), Blommer (US), Puratos (Belgium), Foley’s Candies LP (Canada), Cargill (US), Nestle SA (Switzerland), Hershey (US), Barry Callebaut (Switzerland), Guittard Chocolate Company (US), Valrhona (France), Alpezzi Chocolate (Mexico), Ghirardelli (US), Ferrero (Italy), Republica del Cacao (Ecuador), and Scharffen Berger (US)


Regional Market Summary


North American chocolate confectionery Market Share (%), by Region, 2018


North American chocolate confectionery Market Share


Source: Secondary Source, MRFR Analysis


The US is expected to hold the largest share of North American chocolate confectionery market followed by Canada and Mexico. Growing demand for low sugar confectionery products, innovative products  such as  protein bars  and introduction of  chocolate products with nuts and fruits  in the market is supporting the growth of the North American chocolate confectionery market.


North American chocolate confectionery Market, by Type



  • Milk

  • Dark

  • White


Market by category



  • Chocolate bars

  • Candies

  • Others


Market by Distribution channel



  • Store Based


Supermarkets/Hypermarkets


Convenience Store


Others



  • Non Store based


Market by Country



  • North America

  • US

  • Canada

  • Mexico


Intended Audience



  • Cocoa bean producers and suppliers

  • Raw material suppliers and distributors

  • Regulatory bodies

  • Importers and exporters of chocolate confectionery

  • Trade association and industrial bodies

  • End-use industries

  • Supplier of food processing technology

  • Confectionery manufacturers and suppliers



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