United States Cocoa and Chocolate Market Overview
United States Cocoa and Chocolate Market Size was valued at USD 1.7 Billion in 2022. The United States Cocoa and Chocolate market industry is projected to grow from USD 1.8 Billion in 2023 to USD 2.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.30% during the forecast period (2024 - 2032). Growing demand for items made with cocoa and increasing knowledge of the health benefits of chocolate and cocoa are the main market drivers anticipated to propel the United States Cocoa and Chocolate Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
United States Cocoa and Chocolate Market Trends
The growing demand for chocolate goods, particularly during holiday seasons like Halloween and Christmas, is the main factor driving the US cocoa and chocolate market CAGR. The market for cocoa and chocolate is expanding as consumers become more conscious of the advantages of ingesting goods high in cocoa. Among its many health advantages for humans, cocoa helps lower blood pressure, prevent sunburn, and treat chronic fatigue syndrome. Polyphones, which are also found in cocoa, help shield body tissues from oxidative stress and diseases, including cancer and inflammation. Additionally, driving growth in the cocoa and chocolate markets are these factors. Cocoa powder contains bromine, which has anti-inflammatory and anti-serious illness properties.
Furthermore, the growing cocoa and chocolate business is being driven by producers' efforts to improve brand awareness through advertising, as well as by consumers' growing desire for chocolate and associated items, including milk, sweet, and dark chocolate. Technological advancements in commercial agriculture yield cocoa, which is anticipated to boost supply and enhance future growth possibilities. The unstable pricing of cocoa and the restricted production of cocoa hinder the market's expansion. Mineral content is high in cacao products, including dark chocolate, nibs, and unsweetened cocoa powder. The market is growing more slowly for minimally processed raw cacao items since they have more antioxidants and less added sugar than fully processed goods. Customers are choosing online platforms more and more because of their ease and quick delivery. Thus, driving the United States Cocoa and Chocolate market revenue.
United States Cocoa and Chocolate Market Segment Insights
The United States Cocoa and Chocolate market segmentation, based on Type, includes Dark Chocolate, Milk Chocolate, White Chocolate, and Filled Chocolate. The Milk Chocolate segment dominated the market mostly. Due to their high milk content and low cocoa concentration, milk chocolates have a refined taste and are sweet and creamy. As a result, this is probably going to be the product's main growth driver. Growth will also be fueled by the rising demand for the product as a frosting additive for cakes, cupcakes, puddings, and other sweet treats.
United States Cocoa and Chocolate Application Insights
The United States Cocoa and Chocolate market segmentation, based on Application, includes Food & Beverage, Cosmetics, and Pharmaceuticals. The Food & Beverage generated the most income. This category includes a broad range of products from the food and beverage sector that include chocolate and cocoa as ingredients or stand-alone categories. Chocolate and cocoa are used in the culinary industry to make a variety of confections, including desserts, truffles, chocolate bars, and sweets. In addition, they're commonly found in dairy and ice cream products, as well as baked goods like cakes, cookies, and pastries.
United States Cocoa and Chocolate Nature Insights
The United States Cocoa and Chocolate market segmentation, based on Nature, includes Conventional and Organic. The Organic category generated the most income. Growing demand for organic chocolate as people looking for natural and sustainable products become more health conscious. With chocolate being a popular taste in new beverages, bread, and confectionery product releases, the food and beverage industry accounts for a sizeable portion of revenue.
United States Cocoa and Chocolate Distribution Channel Insights
The United States Cocoa and Chocolate market segmentation, based on Distribution Channel, includes Offline and E-commerce. The Offline category generated the most income. This is because offline stores are a good option for all kinds of customers because they provide substantial benefits like increased worldwide brand visibility, reduced prices, and selection freedom.
Figure1: United States Cocoa and Chocolate Market, by Distribution Channel, 2023 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
United States Cocoa and Chocolate Country Insights
The growing demand for chocolate goods, particularly during holiday seasons like Halloween and Christmas, is the main factor driving the United States cocoa and chocolate business. Two major factors propelling the market's expansion are consumers' growing preference for chocolate confections for special occasions and the growing need for cocoa ingredients to make goods of the highest caliber. Furthermore, the market is anticipated to be further stimulated by the introduction of innovative methods in the production of chocolate, rising chocolate consumption, and the desire for filled chocolates. Due to the demand for cocoa and chocolate goods being driven by increased consumer health consciousness and the consumption of bakery products infused with chocolate, the food and beverage industry is expected to have a considerable revenue share.
United States Cocoa and Chocolate Key Market Players & Competitive Insights
Leading market players are putting a lot of money into R&D to increase the range of products they sell, which will encourage further growth in the United States Cocoa and Chocolate sector. Additionally, market players are engaging in a range of calculated actions to increase their presence, with important market developments including releases of new products, contracts, acquisitions and mergers, increased investments, and cooperation with other enterprises. To grow and endure in a market that is becoming more and more competitive, the United States Cocoa and Chocolate industry must provide reasonably priced goods.
Major players in the United States Cocoa and Chocolate market are making investments in R&D operations in an effort to boost market demand, including Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co Ltd. (Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland)
Key Companies in the United States Cocoa and Chocolate market include.
United States Cocoa and Chocolate Industry Developments
November 2022: Holiday Collection Packs" of fine chocolates were introduced by Yıldız Holding AS's brand GODIVA. Milk Chocolate Praline Heart, Midnight Swirl, and White Chocolate Raspberry Star are among the chocolate packs available.
October 2022: The first-ever 3D virtual store was launched by Lindt & Sprungli USA. Customers can now enjoy the captivating brand experience of a Lindt Chocolate store from the comfort of their homes or even while they're on the go, thanks to Lindt's new online site.
United States Cocoa and Chocolate Market Segmentation
United States Cocoa and Chocolate Type Outlook
United States Cocoa and Chocolate Application Outlook
United States Cocoa and Chocolate Nature Outlook
United States Cocoa and Chocolate Distribution Channel Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.7 Billion |
| Market Size 2023 | USD 1.8 Billion |
| Market Size 2032 | USD 2.3 Billion |
| Compound Annual Growth Rate (CAGR) | 3.30% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, Nature, Distribution Channel |
| Countries Covered | United States |
| Key Companies Profiled | Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co Ltd. (Japan), Ferrero International (Italy), Olam Group (Singapore), Barry Callebaut(Switzerland) |
| Key Market Opportunities | ·        Growing demand for items made with cocoa. ·        Rise in the growing knowledge of the health benefits of chocolate and cocoa |
| Key Market Dynamics | ·        Growth in expanding supply chain optimization ·        The growing demand for chocolate goods |
Frequently Asked Questions (FAQ) :
The size of the United States Cocoa and Chocolate market was estimated at USD 1.8 billion in 2023.
It is anticipated that the market would expand at a (CAGR) of 3.30% from 2024 to 2032.
The key players in the market are Mars, Inc. (US), Mondelez International (US), Nestle S.A. (Switzerland), Meiji Holding Co Ltd. (Japan), Ferrero International(Italy), Olam Group (Singapore), Barry Callebaut(Switzerland)
The Offline category dominated the market in 2023.
With the most market share was the Food & Beverage category.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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