The United States chocolate market will grow due the rising demand for vegan chocolates among younger generation, increasing popularity of organic products, and growing e-commerce sector.
According to the TechSci Research report, “United States Chocolate Market – By Region, Competition, Opportunity, and Forecast, 2018-2028F” the United States chocolate market is growing due to factors, including increasing the demand for personalized & customized products, rising trend of vegan products among generation in the country, and new product innovations.
The United States chocolate market is driven by a variety of factors, including increasing demand for organic chocolates, vegan chocolates, sugar free chocolates, and chocolates that are free from gluten and other preservatives. This is due to surging consumer awareness of environmental & health risks associated with the use of synthetic products. As a result, the majority of health-conscious consumers have begun to opt for organic products. Additionally, seasonal demand is a major factor driving the sales of high-quality chocolates, as many companies offer a wide selection of chocolates during the Easter and Christmas seasons in the United States. Furthermore, functional chocolate options are becoming increasingly popular among health-conscious consumers in the country.
The United States chocolate market is anticipated to grow at a fastest rate during the forecast period. Some brands are utilizing their own stores to promote their products in the United States. The trend toward quality is being driven by the increasing demand for cacao beans due to their distinctive flavor. Manufacturers craft their chocolates from harvested cocoa beans and carve them into artisan trays. Artisans work with cocoa farmers to select the better-quality beans to be ground, roasted, and polished into chocolates. The United States chocolate market has been shifting toward premium chocolates better quality. Consumers have been favoring organic chocolates, artisanal chocolates, and chocolates with unique flavor profiles and fillings.
Consumer preferences for organic and natural products are growing, including chocolates, as a result of surging trend of healthier living. Increasing consumer awareness of products and services via digital media and the emergence of social media are leading to the education of consumers about the advantages of organic products, thereby stimulating the demand for these products. As plant-based diets become increasingly popular, there is a growing demand for chocolate products that are either dairy-free or vegan. Companies can investigate alternative options to milk chocolates, including dark chocolates with vegan milk alternatives.
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The United States chocolate market is segmented based on product type, category, distribution channel, and region.
Based on product type, the United States chocolate market is segmented into milk chocolate, dark chocolate, and white chocolate. Among these, the milk chocolate segment has a significant share of the market. This is due to the fact that milk chocolate contains a higher calcium content than dark chocolate, which is necessary for the maintenance of healthy bones and the proper functioning of the cardiovascular system, muscle tissue, and nerves.
Based on category, the United States chocolate market is segmented into countline, tablets, chocolate pouches and bags, boxed chocolates, and others (seasonal chocolates, chocolate with toys, etc.). Among these, the tablet segment is the fastest-growing segment in the market. They are often presented as gifts during the holiday season, contributing to the surge in seasonal chocolate demand. Seasonal chocolates are produced in a variety of shapes, sizes, and colors, depending on the occasion. The traditional four seasons of seasonal chocolates, Valentine’s Day, Easter, and Halloween, as well as the winter holiday season, have long been associated with a surge in sales and a plethora of new and innovative opportunities for seasonal chocolates within the United States market.
Key market players operating in the United States chocolate market include:
- The Hershey Company
- Mars Incorporated
- Ferrero U.S.A., Inc.
- Lindt & Sprüngli (USA) Inc.
- Theo Chocolate, Inc.
- Fran’s Chocolates, Ltd.
- Recchiuti Confections
- TCHO Ventures, Inc.
- Bon Bon Bon, LLC
- The Chickasaw Nation (Bedré Fine Chocolate)
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“Chocolate confectionery has become increasingly popular as a comfort food, leading to it, becoming a regular grocery item in households in the United States. It is a traditional gift in countries, such as the United States and is a popular holiday gift for Christmas, Easter, Halloween, and Valentine’s Day. The seasonal and festive sales of chocolate products have a significant impact on the market, as a significant portion of the segment is consumed. Additionally, the increase in cocoa-based health benefits is rising the demand for cocoa and chocolates, which is the primary driver of the chocolate market in the United States. Furthermore, chocolate is becoming increasingly popular as a luxury & comfort food, which is further contributing to the growth of the United States chocolate market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Chocolate Market By Product Type (Milk Chocolate, Dark Chocolate, and White Chocolate), By Category (Countline, Tablets, Chocolate Pouches and Bags, Boxed Chocolates, and Others (Seasonal Chocolates, Chocolate with Toys, etc.)), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others (Departmental Stores, Specialty Stores, etc.)) and By Region, Competition, Forecast, & Opportunities, 2018-2028F” has evaluated the future growth potential of the United States chocolate market and provides statistics and information on market structure, size, share, and future growth. The report provides cutting-edge market intelligence and helps decision-makers to make sound investment decisions. Besides, the report also identifies the emerging trends along with essential drivers, challenges, and opportunities present in the United States chocolate market.
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