Chocolate Production in the US - Industry Market Research Report

Chocolate Production in the US - Industry Market Research Report

  • May 2020 •
  • 39 pages •
  • Report ID: 499279 •
  • Format: PDF
Hot chocolate: improvements in discretionary income levels will boost industry revenue growth

Abstract

Chocolate Production in the US
Over the past five years, the Chocolate Production industry has benefited from trends including improving disposable incomes and greater demand for premium chocolates. However, other trends, including volatile cocoa and sugar prices and rising health consciousness, have limited industry growth. Over the past five years, revenue has fluctuated due to volatile raw input prices, namely the price of cocoa and sugar, and changing consumer preferences. Due to the significant market share concentration of large companies which experience strong brand loyalty, as the prices of inputs rise, chocolate producers can pass rising costs to customers, thereby increasing revenue. However, rising health consciousness has driven numerous consumers, especially in the younger generation, away from products laden with sugar and saturated fat and toward healthier alternatives. Chocolate producers have responded to this shift with innovation, by introducing and marketing chocolates that are reduced-fat, dark or organic. Moving forward, the analyst expects this industry to benefit from improvements in discretionary income and the strongest growth in demand will occur for premium, dark and organic chocolates.

Operators in this industry process cacao beans and other ingredients into chocolate and chocolate-based candy. Products include chocolate candy bars, boxed chocolates and chocolate-covered nuts.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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