Market Research Future (MRFR) has published a cooked research report on the “North American chocolate confectionery Market ” that contains information from 2018 to 2030. The North American chocolate confectionery Market is estimated to register a CAGR of 4.3% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the North American chocolate confectionery Market — 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).
North American Chocolate Confectionery Market Highlights
The North American chocolate confectionery Market is accounted to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 57.4 billion by 2030.
The North American chocolate confectionery market is a significant segment of the overall confectionery industry in the region. It includes a wide range of chocolate-based products, such as chocolate bars, chocolate-coated candies, truffles, pralines, and other chocolate treats. The market is characterized by its diverse offerings, ranging from mass-market brands to premium and artisanal products.
Segment Analysis
The North American chocolate confectionery Market has been segmented based on type, category, and distribution channel
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.
Regional Analysis
The North American chocolate confectionery Market, based on region, has been divided into the US, Canada, and Mexico. The United States is the largest market for chocolate confectionery in North America. It has a well-established chocolate industry with numerous domestic and international brands competing for market share. The U.S. market is characterized by a diverse range of chocolate products, including bars, boxed chocolates, and seasonal offerings. Premium and artisanal chocolates have gained popularity in recent years, driven by consumer demand for higher-quality products.
The Canadian chocolate confectionery market is also significant, although it is smaller compared to the U.S. The market is influenced by similar trends seen in the U.S., including the growing preference for premium and ethically sourced chocolates. Health-conscious consumer preferences have led to increased demand for dark chocolate and products with natural ingredients.
Mexico's chocolate industry has a unique history, with a strong tradition of cocoa cultivation and consumption. While the market may be smaller compared to the U.S. and Canada, it has a rich cultural significance tied to chocolate consumption. Traditional Mexican chocolate, often used in beverages like hot chocolate and mole sauces, has a distinct flavor profile and is made using indigenous ingredients.
Key Findings of the Study
- The North American chocolate confectionery Market is expected to reach USD 57.4 billion by 2030, at a CAGR of 4.3% during the forecast period.
- The United States is the largest market for chocolate confectionery in North America. It has a well-established chocolate industry with numerous domestic and international brands competing for market share. The U.S. market is characterized by a diverse range of chocolate products, including bars, boxed chocolates, and seasonal offerings. Premium and artisanal chocolates have gained popularity in recent years, driven by consumer demand for higher-quality products.
- 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.
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).
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Companies Covered | 15 |
Pages | 90 |
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