Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The North American industrial chocolate market is a dynamic and evolving sector that plays a crucial role in the region's overall food industry. The market dynamics are shaped by various factors, including consumer preferences, economic conditions, and global trends. One of the key drivers of the industrial chocolate market in North America is the increasing demand for premium and specialty chocolates. Consumers are becoming more discerning and are willing to explore unique and high-quality chocolate products, driving manufacturers to innovate and differentiate their offerings.
Moreover, the health-conscious trend has influenced the market dynamics, leading to a growing demand for healthier chocolate options. Manufacturers are responding by introducing products with reduced sugar content, clean labels, and added functional ingredients. This shift in consumer preferences has also prompted companies to invest in research and development to create chocolates that cater to specific dietary needs, such as gluten-free or vegan options.
In terms of supply chain dynamics, the industrial chocolate market in North America is heavily influenced by the global cocoa market. Fluctuations in cocoa prices, weather conditions affecting cocoa production, and geopolitical factors can impact the overall cost and availability of raw materials. This, in turn, has a direct effect on the pricing and profitability of industrial chocolate manufacturers in the region.
The competitive landscape of the North American industrial chocolate market is characterized by the presence of major players who are continually engaged in mergers and acquisitions to strengthen their market position. These strategic moves aim to expand product portfolios, enhance distribution networks, and achieve economies of scale. Additionally, partnerships and collaborations between chocolate manufacturers and suppliers are common, enabling better control over the supply chain and ensuring a steady flow of high-quality raw materials.
Government regulations and policies also play a significant role in shaping the market dynamics. Stringent food safety regulations, labeling requirements, and environmental sustainability initiatives have led companies to invest in compliance measures and adopt more sustainable practices. This not only aligns with consumer expectations but also helps in building a positive brand image.
The e-commerce boom has further impacted the market dynamics, providing both challenges and opportunities for industrial chocolate manufacturers. On one hand, online platforms offer a convenient channel for reaching consumers directly, enabling companies to explore niche markets and promote their products more effectively. On the other hand, the digital landscape poses challenges in terms of maintaining product integrity during shipping and ensuring a seamless online shopping experience.
As North American consumers continue to seek diverse and innovative chocolate experiences, manufacturers are likely to focus on product differentiation, sustainability, and health-conscious options to stay competitive. The market dynamics will continue to evolve, influenced by shifting consumer trends, global economic conditions, and advancements in technology. Staying attuned to these factors will be crucial for industry players looking to navigate the dynamic landscape of the North American industrial chocolate market.
North American Industrial Chocolate Market Highlights:
Global North-American Industrial Chocolate Market Overview
North-American Industrial Chocolate Market has been increasing due to rise in disposable incomes and enhanced standards of living, improved versatile demand in food and beverages and other industrial applications. Hence, North American Industrial Chocolate Market is expected to reach USD 42.56 Billion at the end of the forecasted period and is expected to grow at CAGR of 5.45% from 2022 to 2030.
Study Objectives of North-American Industrial Chocolate Market
Deep-dive analysis for individual segments and sub-segments for industrial chocolate
-
To estimate market size by types, application and country
-
To understand the market dynamics including supply and demand
-
To provide region level market analysis and future outlook for U.S., Canada and Mexico
-
Competitive landscaping for the industrial chocolate market evaluating key strategies taken by top players in the market
-
Company profiling of major players in the market
-
Value chain analysis of and supply chain analysis industrial chocolate
-
Analysis of historical market trends, and technologies, and current government regulatory requirements related to industrial chocolate market.
Intended Audience
-
Chocolate manufacturers
-
Bakery product manufacturers
-
Confectionery product manufacturers
-
Beverage product manufacturers
-
Traders, Importers and exporters
-
Cocoa traders
Key Finding
-
The North-American industrial chocolate market has been estimated at USD 42.56 Billion in 2030
-
Projected to reach USD 42.56 Billion by 2030, at a CAGR of 5.45 % during the forecast period from 2022 to 2030.
-
On the basis of applications, research & development segment holds at 2,840.5 K MT
Key Players
The key players profiled in North American industrial chocolate market report include- Mondelez, Mars, Blommer, Puratos, Foley’s Candies LP, Cargill, Nestle SA, Hershey, Barry Callebaut, Guittard Chocolate Company, Valrhona, Alpezzi Chocolate, Ghirardelli, Ferrero, Republica del Cacao, and Scharffen Berger.
Recent Development
-
Barry Callebaut: The world's largest manufacturer of high-quality chocolate products, Barry Callebaut, expanded its North American portfolio in May 2022 with the addition of dairy-free organic chocolate. This caters to the growing demand for vegan and dairy-free confectionery products.
-
Hershey's: The Pennsylvania-based chocolate giant filed a patent application in June 2022 for incorporating roasted grains in vegan chocolate products. This highlights their focus on innovation and meeting the needs of a growing vegan consumer base.
-
Mars: In February 2022, Mars forayed into the vegan chocolate segment with the launch of CO2COA, an animal-free chocolate bar made using whey protein from biotech company Perfect Day.
Segmentations
The market for industrial chocolate is segmented on the basis of by types and application. By types, the industrial chocolate is segmented dark, milk and white. By application, the industrial chocolate market is segmented as chocolate bars and flavoring ingredients.
Regional Analysis of North American Industrial Chocolate
U.S dominates accounts for highest share in the North American industrial chocolate followed by Canada and Mexico, accounting for USD 14,756 million and is expected to grow over USD 20,200 million by 2030, and is expected to grow at CAGR of 5.34 % respectively from 2022 to 2030.
Reasons to Buy
This report includes in-depth study and analysis of North American industrial chocolate segments and sub-segments. It encompasses market segmentation of North-American industrial chocolate type and applications. It helps in identifying key North American industrial chocolate suppliers and consumers in North America. The report will help in investments for the North American industrial chocolate and allied companies providing details on the fast growing segments and regions. In addition, it will provide the North-American industrial chocolate companies to improve profitability by using supply chain strategies, cost effectiveness of various products mentioned in the report.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
