Chocolate Market Overview in the USA
In value terms, chocolate production shrank modestly to $ in 2019. The total output value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by % year-to-year. Chocolate production peaked at $ in 2018, and then contracted modestly in the following year.
The size of the chocolate market in the U.S. was estimated at $ in 2019, therefore, remained relatively stable 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 +% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of % year-to-year. Over the period under review, the market attained the maximum level in 2019 and is expected to retain growth in years to come.