United States Chocolate Market, Competition Forecast and 2021-2026 Opportunity Report with The Hershey Company, Mars, Ferrero and Lindt & Sprungli - ResearchAndMarkets.com

United States Chocolate Market, Competition Forecast and 2021-2026 Opportunity Report with The Hershey Company, Mars, Ferrero and Lindt & Sprungli – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD) – The “chocolate market in the United States, by type of product (milk chocolate, dark chocolate and white chocolate), by category (number, bars, sachets and bags of chocolate, other), by distribution channel, by region, competition forecast and opportunities, the 2026 report “has been added to ResearchAndMarkets.com offer.

The United States chocolate market was valued at around $ 20 billion in 2020 and is expected to reach over $ 26 billion by the end of 2026, registering a CAGR of over 5.59% during the period forecast due to the increasing availability of premium chocolates, encouraged by consumers’ desire to consume chocolates and the rise of food culture.

In addition, a wide range of new and innovative chocolates offered by manufacturers and easy availability in the local market are expected to drive the demand for chocolates in the US market.

The United States chocolate market is segmented into product type, category, distribution channel, region, and company. Chocolate has become one of the most popular foods that is available in different categories in the United States.

Based on the type of product, the United States chocolate market is further segmented into milk chocolate, dark chocolate, and white chocolate. Whose milk chocolate has a maximum market share of around 58% in 2020, because milk chocolate has a high calcium content compared to dark chocolate to maintain strong bones and keep the heart, muscles functioning properly and nerves.

Based on the category, the United States chocolate market is divided into counting lines, chocolate bars, sachets and bags, boxed chocolates, others (seasonal chocolates, chocolate with toys, etc.). Of which, tablet is the fastest growing segment with a CAGR of around 6% during the forecast period.

The demand for tablet segments has increased in recent years. Chocolates are also portrayed as a sign of happiness, appreciation and love, and even they are shown as gifts during the holiday season, which is one of the reasons for the increased seasonal demand for chocolate.

Chocolates are made in different shapes, sizes and colors depending on the occasion. The four major seasons of seasonal chocolate including Valentine’s Day, Easter, Halloween and the winter holidays have long resulted in huge sales spikes and endless opportunities for innovative new seasonal chocolates in the US market. chocolate.

Depending on the distribution channel, the market is segmented into supermarkets / hypermarkets, department stores, convenience stores, online channels and others (independent store, specialty store, etc.). Online stores are the fastest growing segment, with a CAGR of around 6.75% during the forecast period. Due to the growing number of internet users, ease of access, 24/7 uptime and several choices to choose from, the segment is expected to experience growth during the forecast period. .

Manufacturers are constantly focusing on the development of new chocolate products in order to improve their product portfolio and gain market share. On June 25, 2021, The Hershey Company acquired the Lily’s confectionery brand to enrich its product portfolio and offer a variety of chocolate product choices to meet the changing needs of its consumers. It is one of the recent examples of the expansion of the chocolate industry

The Hershey Company, Mars Incorporated (Mars Wrigley Confectionery Us, LLC), Ferrero USA, Inc. and Lindt & Sprungli (usa) Inc. are some of the major players operating in the chocolate market in the United States. by acquisition.

Goal of the study:

  • To analyze the historical growth in the market size of the United States chocolate market from 2016 to 2020.

  • Estimate and forecast the market size of the United States chocolate market from 2021 to 2026 and the growth rate to 2026.

  • Classify and forecast the United States chocolate market based on product type category, distribution channel, region and company.

  • Identify the dominant region or segment of the US chocolate market.

  • Identify the drivers and challenges of the chocolate market in the United States.

  • Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the US chocolate market.

  • Identify and analyze the profile of the main players operating in the US chocolate market.

  • Identify the main sustainable strategies adopted by market players in the US chocolate market.

Scope of the report:

Years considered for this report:

  • Historical years: 2016-2020

  • Baseline year: 2020

  • Estimated year: 2021

  • Forecast period: 2022-2026

Chocolate Market in United States, by Product Type:

  • Milk chocolate

  • Dark chocolate

  • White chocolate

United States Chocolate Market, By Category:

  • Count line

  • Tablets

  • Chocolate pouches and sachets

  • Boxed chocolates

  • Others (seasonal chocolates, chocolate with toys, etc.)

Chocolate market in the United States, by distribution channel:

  • Supermarkets / Hypermarket

  • Big store

  • Grocery store

  • Online channel

  • Others (independent stores, specialties, etc.)

United States Chocolate Market, By Region:

  • South

  • Midwest

  • Where is

  • North West

Competitive landscape:

  • The Hershey Company

  • Mars Incorporated (Mars Wrigley Confectionery Us, LLC)

  • Ferrero USA, Inc.

  • Lindt & Sprungli (USA) Inc. (Chocoladefabriken Lindt & Sprungli AG)

  • Théo Chocolat, Inc.

  • Chocolates from Fran, Ltd.

  • the Chickasaw Nation (Fin Bedre Chocolate)

  • Confections By Michael Recchiuti, LLC (Confections Recchiuti)

  • TCHO companies

  • Bon Bon Bon LLC

For more information on this report, visit https://www.researchandmarkets.com/r/8r579g

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