Chocolate Production in the US - Industry Market Research Report

Chocolate Production in the US - Industry Market Research Report

Chocolate Production in the US

The Chocolate Production industry processes cacao beans, milk, sugar and other ingredients into chocolate-based confectionery that is distributed to wholesalers, retailers and other intermediaries for resale to consumers. With the rise in per capita disposable income and strong employment numbers, consumer demand has increased as Americans have been able to spend freely on a range of chocolate products. However, the drop in cocoa prices from previous high and rising health consciousness among consumers has dampened industry revenue performance. IBISWorld estimates that industry revenue will contract at an average annual rate of 0.6% to $19.9 billion over the five years to 2023, including a decline of 0.5% in 2023 alone.

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.