The revenue in the 'Chocolate Confectionery' segment of the food market in the United States was forecast to continuously increase between 2025 and 2030 by in total 4.6 billion U.S. dollars (+19.17 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 28.63 billion U.S. dollars and therefore a new peak in 2030. Notably, the revenue of the 'Chocolate Confectionery' segment of the food market was continuously increasing over the past years.Find other key market indicators concerning the revenue growth and average consumption per capita. The Statista Market Insights cover a broad range of additional markets.

The Hershey Company was the leading chocolate manufacturer in the United States in 2022 in terms of market share. The company held approximately 35.5 percent of the total market, with only Mars as a significant competitor for market leader. In terms of the total confectionery market, Mars has Hershey beat for largest market share, but only barely edged out their competitor by about 0.4 percent. Hershey’s history The Hershey Company was founded in 1894 by Milton Hershey and is headquartered in Hershey, Pennsylvania. The town itself was largely built by Milton Hershey, and many places in the town bear the Hershey name, including Hershey’s Chocolate World and Hersheypark. Hershey’s Chocolatetown at Hersheypark was one of the largest construction projects in the United States as of January 2019, with a cost of 150 million dollars. Hershey’s popularity Hershey’s generous market share in the United States is due to the confectionery company’s popularity across brands. In a 2018 survey, three of the top four most popular chocolate brands among consumers were sold by Hershey. When it comes to Halloween candy, the company’s Reese’s Peanut Butter Cups were the prized chocolate among trick-or-treaters of all ages.

The industry has experienced significant growth in recent years, propelled by changing consumer preferences and innovative product developments. The sector has remained popular despite challenges like fluctuating cocoa prices and ever-growing health consciousness. Companies have adapted by introducing new flavors, healthier options and sustainable practices, appealing to a broader audience. This adaptability has kept consumer interest alive and expanded market reach, ensuring the chocolate production industry remains a crucial contributor to the US economy. Still, industry-wide revenue is projected to shrink at a CAGR of 1.0% over the five years through 2025. In the current year, revenue is expected to dip by an estimated 1.4% to a total of $22.0 billion. Several trends have influenced the industry's performance in recent years. The rising demand for dark and organic chocolate reflects a shift towards healthier eating, with consumers seeking products that offer nutritional benefits without compromising taste. A strong emphasis on sustainability and ethical sourcing has become essential, with more brands adopting fair trade practices and eco-friendly packaging. Technological advancements have also enhanced production efficiency and ensured consistent quality. Also, e-commerce has reshaped sales channels, with online shopping and direct-to-consumer models becoming increasingly popular, especially during the COVID-19 pandemic. Looking forward, the chocolate production industry is set for continued growth and transformation, with revenue forecast to expand at a CAGR of 1.0% over the five years to 2030 to a total of $23.2 billion. The trend towards health-conscious consumption is expected to persist, driving demand for innovative products that blend indulgence with nutritional benefits. Sustainability will remain a key focus, with companies likely to invest in ethical sourcing and environmentally friendly practices. Technological innovations will continue to improve production capabilities and supply chain efficiency. Expanding e-commerce and digital marketing will attract new customers and foster brand loyalty. The US chocolate production industry is poised to thrive, adapting to changing consumer preferences and market dynamics.

The North America Chocolate Market report segments the industry into Confectionery Variant (Dark Chocolate, Milk and White Chocolate), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Country (Canada, Mexico, United States, Rest of North America). The report includes market size in Value in USD and Volume, forecasts up to 2030, analysis of growth prospects.

When it comes to the most widely consumed chocolate brands in the U.S., Hershey’s claims the pole position. The Pennsylvania-based brand is consumed by 57 percent of internet respondents who recognized it, followed by Reese's with a consumption rating of 56 percent. For this study, brand awareness was surveyed employing the concept of aided brand recognition, showing respondents both the brand's logo and the written brand name. Only respondents who recognized a brand were asked if they consumed the product.

The market for chocolate products in the U.S. Retail sales of chocolate confectionery in the U.S. amount to a total of almost 25 billion U.S. dollars. The chocolate confectionery category with the highest sales is countlines, which refers to chocolate bars eaten as snacks. Such products generate more than 8.1 billion U.S. dollars annually. Nearly 615 million kilograms of chocolate and chocolate-containing products are imported into the U.S. each year. Canada is the country from which the U.S. imports the majority of its chocolate products, as more than half of the U.S.’ total chocolate product imports come from its North American neighbor. Nonetheless, American companies are also major producers of chocolate-containing products. The leading chocolate producer in terms of sales in the U.S. is the Hershey Company. The Pennsylvania-based multinational confectionery company sells approximately 2.84 billion U.S. dollars’ worth of chocolate products annually.

The Hershey Company

Founded by Milton Hershey in 1894, the Hershey Company has become one of the largest manufacturers of chocolate in North America. Hershey employs 20,505 full-time workers. The revenue of the Hershey Company has been on a steady incline since 2006. The global revenue of Hershey amounts to about 11.17 billion U.S. dollars. The Hershey Company’s brands, Hershey’s and Reese's, are among the leading chocolate and candy bar brands ranked by brand awareness in the U.S. Around 93 percent of consumers are aware of these two brands. The Nestlé-owned brand KitKat, as well as the two brands Snickers and Twix, both owned by Mars Inc., also have a brand recognition rate of 93 percent.

Chocolate stores in the US have experienced a dynamic period marked by shifts in consumer preferences, economic fluctuations and evolving market trends. Over the past few years, the industry has seen challenges and opportunities, with a notable hike in demand for premium and artisanal chocolates. This surge has been fueled by a growing consumer interest in unique, high-quality products and an emphasis on ethical sourcing. The pandemic initially disrupted supply chains and store operations, but many chocolate retailers adapted by enhancing their online presence and offering delivery services. As a result, chocolate stores have recovered and found new ways to engage with their customers, setting the stage for continued growth. Still, revenue will weaken at a CAGR of 0.8% to $1.5 billion over the five years to 2024, including 0.5% growth in 2024 alone. Over the past five years, the chocolate store industry in the US has undergone significant transformation. In recent years, there has been a steady gain in the popularity of dark chocolate and health-conscious products, reflecting broader trends in consumer health awareness. This period also saw a swell in specialty chocolate shops focusing on bean-to-bar production, fair trade practices and unique flavor profiles. Despite economic uncertainties, many chocolate stores thrived by capitalizing on seasonal sales, holiday promotions and collaborations with other local businesses. The next five years promise continued evolution and potential growth for chocolate stores. Analysts anticipate that demand for premium and ethically sourced chocolates will keep rising as consumers become more discerning about the quality and origins of their food. Technological advancements, like blockchain for supply chain transparency and innovative packaging solutions, will enhance consumer trust and engagement. Also, as sustainability becomes a key focus, stores prioritizing eco-friendly practices will attract loyal customers. The future looks bright for the US chocolate store industry, with innovation and consumer preferences driving its trajectory. These factors are expected to cause revenue to grow at an estimated CAGR of 0.1% to $1.5 billion over the five years to 2029.

The Chocolate Market is segmented by Confectionery Variant (Dark Chocolate, Milk and White Chocolate), by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). Market Value in USD and Volume are both presented. Key data points observed include market segmental split by confections, confectionery variant, sugar content, and distribution channel.

United States Chocolate Market was valued at USD 26.02 billion in 2024 and is anticipated to grow USD 34.95 billion by 2030 with a CAGR of 5.04% during forecast period.

The United States chocolate and cocoa products market is expected to experience continued growth over the next decade, driven by increasing demand. Market performance is forecasted to expand with a CAGR of +0.3% in volume and +0.9% in value terms, with the market volume projected to reach 3.8M tons and value to reach $21.9B by the end of 2035.

In 2023, the market revenue of chocolate confectionery in Latin America and the Caribbean amounted to 8.82 billion U.S. dollars. The market was expected to grow annually by 5.32 percent (CAGR 2024-2028).

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Dark Chocolate Market Size 2025-2029

The dark chocolate market size is forecast to increase by USD 37.37 billion at a CAGR of 9.1% between 2024 and 2029.

The market experiences robust growth, fueled by the health benefits associated with its consumption. Consumers' increasing preference for gourmet, artisanal, vegan, and gluten-free dark chocolate variants underscores this trend. The health benefits, including improved heart health and cognitive function, further bolster market expansion. However, market growth faces challenges. Volatility in raw material prices, particularly cocoa beans, poses significant risks to manufacturers. Regulatory hurdles impacting labeling requirements and import/export regulations also temper growth potential.
To capitalize on market opportunities and navigate challenges effectively, companies must focus on supply chain optimization, price transparency, and innovation to cater to diverse consumer preferences. Strategic partnerships and collaborations can help mitigate risks and ensure a steady supply of high-quality raw materials. However, the market's expansion is not without challenges. Volatility in raw material prices, primarily cocoa beans, poses a significant hurdle. Supply chain inconsistencies, particularly in sourcing sustainable and ethically produced cocoa, also temper growth potential.

What will be the Size of the Dark Chocolate Market during the forecast period?

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In the dynamic chocolate market, various segments continue to gain traction among consumers. Gluten-free and sugar-free options cater to dietary needs, while couverture and extra dark varieties appeal to those seeking intense flavors. Sustainability is a key trend, with fair trade, ethical, and sustainable chocolate gaining popularity. Luxury chocolate brands showcase their offerings at chocolate fairs and exhibitions, while gourmet chocolate makers conduct masterclasses and tastings for connoisseurs. Bean-to-bar and artisan chocolate producers traceability and single-origin origins. Cocoa processing and manufacturing techniques evolve, focusing on premium quality and preservation. Dried fruits, such as blueberries, are often added to dark chocolate for an extra health boost.
Chocolate decoration and packaging innovations enhance the overall consumer experience. Chocolate connoisseurs and sommeliers pair chocolate with wine, while vegan and low-sugar options cater to diverse palates. Chocolate production workshops and molding classes provide hands-on experiences for enthusiasts. Overall, the chocolate industry continues to evolve, offering a wide range of options for discerning consumers.

How is this Dark Chocolate Industry segmented?

The dark chocolate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Conventional
  Organic


Distribution Channel

  Offline
  Online


Product Type

  70 percent cocoa dark chocolate
  75 percent cocoa dark chocolate
  80 percent cocoa dark chocolate
  90 percent cocoa dark chocolate


Geography

  North America

    US
    Canada


  Europe

    Belgium
    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan


  Rest of World (ROW)

By Type Insights

The conventional segment is estimated to witness significant growth during the forecast period. In the dynamic market, a range of products cater to diverse consumer tastes and preferences. Dark chocolate bars, available in various cocoa percentages from semi-sweet to bittersweet, remain a popular choice. Their smooth textures and rich cocoa flavors appeal to chocolate connoisseurs. Dark chocolate blocks, utilized in baking and confectionery applications, provide versatility for creative culinary endeavors. Additionally, convenient dark chocolate pieces or chunks are ideal for snacking or recipe integration. The market also offers an extensive selection of flavored dark chocolate products, infused with fruits, nuts, spices, and herbs, adding complexity and depth to taste profiles. Dark chocolate blocks are also prominent, offering versatility in baking and confectionery applications.

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The Conventional segment was valued at USD 35.52 billion in 2019 and showed a gradual increase during the forecast period. Other forms include dark chocolate mousse, cake, beverages, syrup, ganache, and truffles. Furthermore, the market accommodates dietary preferences with offerings of vegan, gluten-free, and low-sugar dark chocolate. Cocoa solids and milk solids are essential ingredients in dark chocolate production, contributing to its distinct flavor and texture. Premium and luxury dark chocolate, gourmet and single-origin varieties, as well as intense and extra dark chocolate, ca

The South America Chocolate Market report segments the industry into Confectionery Variant (Dark Chocolate, Milk and White Chocolate), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Country (Argentina, Brazil, Rest of South America). Get five years of historical data alongside five-year market forecasts.

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Industrial Chocolate Market Size 2025-2029

The industrial chocolate market size is forecast to increase by USD 2.76 billion at a CAGR of 5% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing consumer awareness and preference for dark chocolate due to its perceived health benefits. This trend is expected to continue, providing a promising opportunity for market participants. Volatility in the prices of essential ingredients like cocoa and sugar can significantly impact the profitability of chocolate manufacturers. The distribution chain for chocolate confectionery includes premium and high-quality chocolate manufacturers, chocolate confectionery companies, and food service providers.
Additionally, companies are placing greater emphasis on sustainable cocoa production to meet evolving consumer demands and mitigate potential risks. However, the market is not without challenges. Fluctuations in the prices of key raw materials, such as cocoa and sugar, pose significant risks to profitability and operational planning for chocolate manufacturers.
Effective supply chain management and price risk mitigation strategies will be essential for companies seeking to capitalize on market opportunities and navigate these challenges successfully.

What will be the Size of the Industrial Chocolate Market during the forecast period?

The market is characterized by its continuous evolution and dynamic nature, with various sectors and applications driving market growth and innovation. Chocolate tempering and quality control remain crucial aspects of industrial chocolate processing, ensuring the production of high-quality bulk chocolate for diverse industries. The foodservice sector and retail industry are significant consumers of chocolate, with a growing demand for chocolate inclusions and customized formulations. Chocolate distributors play a vital role in the supply chain, facilitating the delivery of chocolate products to various markets. Chocolate robotics and automation are transforming industrial chocolate production, enhancing efficiency and reducing waste.
Chocolate trends continue to unfold, with sustainability and safety standards becoming increasingly important. Chocolate formulations are continually evolving to cater to changing consumer preferences, with innovations in chocolate technology and flavorings driving new applications in confectionery manufacturing. The bakery industry also relies heavily on chocolate, with chocolate enrobing and decoration being essential processes. Chocolate storage and logistics are critical components of the chocolate supply chain, ensuring the stability and shelf life of chocolate products. Chocolate recycling and certifications are also gaining importance, reflecting the industry's commitment to reducing waste and maintaining ethical production practices. Compound chocolate and chocolate fillings are popular choices for various applications, from bakery products to chocolate bars.
Chocolate stability and customization are key considerations in chocolate engineering, with chocolate labeling and packaging playing a crucial role in marketing and branding efforts. The ongoing unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in the ever-changing the market.

How is this Industrial Chocolate Industry segmented?

The industrial chocolate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Milk chocolate
  Dark chocolate
  White chocolate


End-user

  Confectionery
  Biscuits and bakery products
  Dairy and desserts
  Ice creams and frozen items
  Others


Product Type

  Cocoa Powder
  Cocoa Liquor
  Cocoa Butter
  Compound Chocolate


Geography

  North America

    US
    Canada


  South America

    Brazil
    Argentina


  Middle East and Africa

    UAE


  Europe

    Belgium
    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The milk chocolate segment is estimated to witness significant growth during the forecast period.

Milk chocolate, a popular type of chocolate with a smoother and creamier taste due to the addition of milk solids, has seen a decelerating demand as consumers prioritize healthier options. One pound of milk chocolate contains approximately 2,300 calories, 140 grams of fat, and 100 mg of cholesterol. This has led to an increasing preference for dark chocolate, which contains higher amounts of cocoa solids and less sugar and milk. Chocolate suppliers cater to this trend by offering a wider range of dark chocolate varieties. In the industrial chocolate processing sector, chocolat

The size of the North America Real and Compound Chocolate Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.91% during the forecast period. The North America Real and Compound Chocolate Industry centers on creating and delivering both real chocolate, containing cocoa butter and cocoa solids, and compound chocolate, which substitutes vegetable fats for cocoa butter. The high demand for chocolate products in confectionery, bakery, dairy, and beverages is what is fueling this market. Genuine chocolate is valued for its flavorful and creamy texture, whereas compound chocolate is preferred for its affordability and convenience in different uses. Recent patterns show an increased liking for high-quality and handcrafted chocolates, along with the rising adoption of compound chocolate in industrial uses because of its durability and cost-effectiveness. Challenges in the market include unstable raw material prices and strict regulatory standards. Nevertheless, factors that stimulate growth consist of increasing disposable incomes and the growth of the bakery and confectionery industries. Major companies are putting money into research and development in order to come up with new ideas and broaden their range of products. Notable market advancements involve the introduction of new products and partnerships designed to expand market presence and interact with consumers. Recent developments include: April 2022: Grupo Bimbo SAB de CV and Barry Callebaut renewed their long-term supply agreement, which was first signed in 2012. Under the terms of the agreement, Barry Callebaut will continue to supply chocolate and compound to Grupo Bimbo's domestic market in Mexico and distribution to several countries in Central America, the United States, Canada, and Uruguay., September 2021: The Hershey Company and Barry Callebaut announced the extension of their strategic supply partnership originally signed in 2007. Under the extension agreement, Barry Callebaut will continue to supply Hershey's North American business with liquid chocolate and finished products. The renewed agreement will enable both companies to continue to drive strategic, long-term growth in North America., November 2021: Barry Callebaut launched a complete portfolio of dairy-free chocolate compounds, expanding the company's plant-based options. The company claimed that these launched options are 100% plant-based and processed in segregated facilities without dairy.. Key drivers for this market are: Wide Applications and Functionality, Demand For Gluten-Free Products. Potential restraints include: Easy Availability of Economically Feasible Alternatives. Notable trends are: Economical and Desirable Substitute of Cocoa Butter.

Learn about the growth forecast for the chocolate and cocoa market in the United States, with anticipated increases in both volume and value over the next decade.

Learn about the projected growth of the chocolate and cocoa market in the United States, with an anticipated increase in consumption and market volume over the next decade.

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Chocolate Confectionery Market Size 2024-2028

The chocolate confectionery market size is forecast to increase by USD 31 billion at a CAGR of 4.36% between 2023 and 2028.

The market is experiencing significant growth, driven by the frequent product launches and packaging innovations in the industry. Consumers' increasing preference for premium and artisanal chocolate products, coupled with the expanding retail presence of these offerings, is fueling market expansion. However, the market faces challenges, including the rise in the number of product recalls due to contamination issues. These incidents can negatively impact brand reputation and consumer trust, necessitating stringent quality control measures. To capitalize on market opportunities and navigate challenges effectively, companies must prioritize product safety, invest in research and development for innovative offerings, and adopt sustainable and ethical sourcing practices. By staying abreast of consumer trends and market dynamics, chocolate confectionery players can position themselves for long-term success in this dynamic and competitive market.

What will be the Size of the Chocolate Confectionery Market during the forecast period?

Request Free SampleThe market experiences growth, fueled by consumers' enduring affection for premium quality chocolate products. Global chocolate consumption continues to rise, driven by the popularity of both mainstream and luxury indulgence offerings. Premium confectionery products, including milk mousse and creamy caramel, capture a significant market share due to their rich sensorial appeal. Health-conscious consumers seek out chocolate with label claims such as organic, sustainably sourced, and dark chocolate varieties, reflecting the trend towards healthy eating lifestyles. Exotic spices, floral notes, unexpected textures, and rare cocoa varieties add to the market's dynamic nature, catering to the diverse tastes of chocolate lovers. Artisanal chocolates, with their distinct flavor combinations, further expand the market landscape, offering a unique and luxurious experience.

How is this Chocolate Confectionery Industry segmented?

The chocolate confectionery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductChocolate barsBoxed assortments and seasonal variantsOthersDistribution ChannelOfflineOnlineGeographyEuropeGermanyUKNorth AmericaUSAPACChinaIndiaSouth AmericaMiddle East and Africa

By Product Insights

The chocolate bars segment is estimated to witness significant growth during the forecast period.The market is expected to grow steadily, with chocolate bars remaining the largest segment in 2023 and beyond. This segment includes countlines and molded bars. Countlines consist of individually wrapped, chocolate-coated bars, while molded bars are small chocolate pieces cut from larger blocks. Major brands such as Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk dominate the chocolate bars market. Innovative chocolate flavors and textures, as well as attractive packaging, are key growth drivers. Consumer preferences for premium quality products, including dark chocolate confectionery with health benefits, are influencing market trends. Peanut butter, milk mousse, creamy caramel, and other gourmet flavors are gaining popularity. Healthy eating lifestyles have led to the demand for sugar reduction, low-calorie, and sugar-free chocolate snacks. Premium chocolate brands, artisanal chocolates, and organic and sustainably sourced chocolate are also on the rise. Consumer packs, added sugar content, and seasonal treats are other market trends. Consumers' preferences for high-quality, gourmet chocolate products, visual appeal, and innovative varieties continue to shape the market.

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The Chocolate bars segment was valued at USD 50.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is driven by the demand for premium quality products, particularly in the UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain. Major players in this market include Mars, Mondelez International, Barry Callebaut, Nestle, Ferrero, and Chocoladefabriken Lindt and Sprungli AG. The market is highly competitive, with a variety of offerings from both regional

The U.S. chocolate market totaled $19.8B in 2024, picking up by 3.3% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Chocolate consumption peaked in 2024 and is expected to retain growth in years to come.

The North American Premium Chocolate Market is Segmented by Product Type (Dark Premium Chocolate and White and Milk Premium Chocolate), Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Stores, and Other Distribution Channels), and Geography (United States, Mexico, Canada, and Rest of North America). The report provides market sizes and forecasts in terms of value in USD million for all the above segments.

U.S. Chocolate Beverage Powder Market market size valued at US$ 3.18 Billion in 2023, set to reach US$ 5.92 Billion by 2032 at a CAGR of about 6.4% from 2024 to 2032.