United States Chocolate Market to Grow with a CAGR of 5.04% through 2030
The United States Chocolate
Market is growing steadily, driven by growing health awareness, demand for
premium and sustainable products, innovation in flavors and formulations, and
the expansion of e-commerce platforms for convenient purchasing.
According
to TechSci Research report, “United States Chocolate Market – By Region, Competition,
Forecast & Opportunities, 2030F”, the
United States Chocolate Market stood at USD 26.02 Billion in 2024 and is
anticipated to grow USD 34.95 Billion by 2030 with a CAGR 5.04% during forecast
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Premiumization
is another significant trend shaping the chocolate industry in the United
States. As consumer preferences move toward indulgence and luxury, the demand
for high-quality, artisanal chocolates has surged. Premium chocolates often
feature high-cocoa content, unique flavors, and exceptional craftsmanship. The
appeal of premium chocolates is fueled by an increasing desire for
sophistication and exclusivity, with many consumers willing to pay more for a
unique, luxury chocolate experience.
The
expansion of e-commerce has played a pivotal role in the growth of the U.S.
chocolate market, particularly as more consumers opt for online shopping for
convenience and variety. The rise of e-commerce platforms such as Amazon,
Walmart, and niche online retailers has made it easier for consumers to access
a broad array of chocolate products from around the world. Online shopping has
become especially popular during special occasions and holidays, when demand
for chocolate products peaks.
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" United States Chocolate Market”
The United
States Chocolate Market is segmented into product type, category, distribution
channel, regional distribution, and company.
Based on the product
type, dark chocolate is the fastest-growing segment in the U.S. chocolate
market, driven by increasing health-consciousness and a preference for products
with higher cocoa content. Known for its potential health benefits, such as
antioxidant properties and cardiovascular advantages, dark chocolate appeals to
consumers seeking a healthier indulgence. Additionally, its appeal to premium
and artisanal product markets has fueled its growth, as many consumers prefer
its rich, sophisticated flavor over milk or white chocolate. As the demand for
lower-sugar, functional, and high-quality chocolates continues to rise, dark
chocolate remains a key driver of growth in the overall chocolate market.
Based on region,
west is currently the fastest-growing region in the U.S. chocolate market. This
growth is driven by factors such as a high concentration of health-conscious
consumers, increased demand for premium and artisanal chocolate products, and
the rising popularity of sustainable and ethical sourcing practices.
Additionally, the West boasts a large population and a thriving retail and
e-commerce market, making it a key hub for chocolate sales. Urban areas in
states like California, Oregon, and Washington are particularly influential,
with an increasing preference for innovative, organic, and specialty chocolate
options contributing to the region’s rapid growth.
Major companies
operating in United States Chocolate Market are:
- 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
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“The
U.S. chocolate market is driven by increasing health awareness, with consumers
favoring dark, low-sugar, and functional chocolates. Ethical sourcing and
sustainability also play a significant role, with rising demand for Fair Trade
and eco-friendly products. Premiumization is another key driver, as consumers
seek luxury, artisanal offerings. In addition, plant-based and vegan chocolates
are gaining popularity due to dietary preferences. E-commerce and
direct-to-consumer sales continue to expand, offering convenience and variety
for chocolate lovers, making online shopping a major growth channel,” said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“United States Chocolate
Market By Product Type (Milk Chocolate, Dark Chocolate, White Chocolate), By
Category (Countline, Tablets, Chocolate Pouches and Bags, Boxed Chocolates,
Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores,
Online, Others), By Region, Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the future growth potential of United
States Chocolate Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the United
States Chocolate Market.
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