Cocoa Powder Market in the United States
In value terms, cocoa powder production contracted slightly to $ in . Over the period under review, the total production indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Cocoa powder production peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.
The revenue of the cocoa powder market in the United States was estimated at $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption failed to regain momentum.