North America Chocolate Market By Product (Traditional Chocolate and Artificial Chocolate) By Traditional Chocolate Type (Milk Chocolate, Dark Chocolate and White Chocolate) By Distribution Channel (Supermarket & Hypermarket, Convenience Store and Online) By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Chocolate Market would witness market growth of 4.3% CAGR during the forecast period (2020-2026). The growing awareness of dark chocolate is anticipated to help the demand development over the next several years as a healthier confectionery food that includes antioxidants to shield the skin against harmful ultraviolet rays. In addition, the drive to buy behavior between millennia and young adults is expected to have a positive effect on the development of the industry, as a result of expanded awareness of confectionery firms Nestle SA and Mars Incorporated through the internet media and satellite television channels.
The United States is one of the largest chocolate manufacturers, with American chocolate companies producing annual revenue worth over $20 billion a year. Hershey Foods Corporation, most widely known as Hershey's, is North America's leading chocolate company - one of the world's most popular chocolate products.
Many businesses in the U.S. and abroad are sourcing their cocoa beans from the Ivory Coast in West Africa. New York City is the home to U.S. specialty chocolate shops. The Chocolate Bar, MarieBelle, Li-Lac, and Richart Design and chocolate are renowned shops in the city. There are also several well-known chocolate shops in San Francisco and it is a major hub of US chocolate manufacturing.
Based on Product, the market is segmented into Traditional Chocolate and Artificial Chocolate. Based on Traditional Chocolate Type, the market is segmented into Milk Chocolate, Dark Chocolate and White Chocolate. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Store and Online. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., Mondelez International, Inc., The Hershey Company (Hershey Trust Company), Mars, Inc., The Barry Callebaut Group, Meiji Holdings Co., Ltd., Ferrero International S.A., Lindt & Sprungli AG, Moonstruck Chocolate Company, and Yildiz Holdings A.S.
Scope of the North America Chocolate Market Analysis
- Traditional Chocolate and
- Artificial Chocolate
By Traditional Chocolate Type
- Milk Chocolate
- Dark Chocolate and
- White Chocolate
By Distribution Channel
- Supermarket & Hypermarket
- Convenience Store and
- Rest of North America
- Nestle S.A.
- Mondelez International, Inc.
- The Hershey Company (Hershey Trust Company)
- Mars, Inc.
- The Barry Callebaut Group
- Meiji Holdings Co., Ltd.
- Ferrero International S.A.
- Lindt & Sprungli AG
- Moonstruck Chocolate Company
- Yildiz Holdings A.S.
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