Prices of chocolate confectionery in the US saw their strongest growth in more than a decade in 2022. In 2023, price growth is expected to cool significantly, but in the forecast period players may still be inclined to premiumise their portfolios to close the gap on consumers’ intent to purchase and them actually going through with the purchase (say-do gap).
Sugar and cocoa crops are witnessing lower yields and the highest prices in more than 20 years, with climate change factors such as poor weather, and infectious crop diseases, the main causes. Other vital commodities for the production of chocolate, such as dairy milk, have also seen spikes in prices.
US consumers are taking on more individualised interpretations of “healthy” for their particular diet. This remains the case even amidst new regulatory definitions for “healthy” on packages, and industry efforts.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.See All of Our Definitions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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