
North America Premium Chocolate Market, By Product Type (Dark Chocolate, White & Milk Chocolate, Sugar Free, Nutty, Crunchy); By Packaging Type (Standard Packaging, Gift Packaging); By Distribution Channel (Direct, Indirect); By Country (United States, Ca
Description
North America Premium Chocolate Market, By Product Type (Dark Chocolate, White & Milk Chocolate, Sugar Free, Nutty, Crunchy); By Packaging Type (Standard Packaging, Gift Packaging); By Distribution Channel (Direct, Indirect); By Country (United States, Canada), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
North America Premium Chocolate Market at Sumptuous CAGR to Cross USD 13 Billion by 2030
North America Premium Chocolate Market is flourishing because of an increasing demand for gourmet and indulgent experiences and growing awareness about ethical and sustainable sourcing.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated North America Premium Chocolate Market size at USD 7.3 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects North America Premium Chocolate Market size to expand at a CAGR of 9.30% reaching a value of USD 13.4 billion by 2030. Major growth factors for North America Premium Chocolate Market include a growing demand for luxury goods, because of expanding middle-class population and the importance of chocolate in various cultures. Additionally, consumers in North America are becoming more conscious of ethical consumption, which is driving the demand for vegan and ethically sourced chocolates. These factors are expected to drive North America Premium Chocolate Market over the forecast period.
Opportunity - New Product Launches
North America is a lucrative market for premium products, including chocolates. Therefore, the region has a high concentration of leading chocolate brands, constantly launching new products to attract consumers and gain wider market share. For instance, Mondelez’s Green and Black’s, a chocolate and cocoa products company, launched two new flavors of dark chocolate under the Smooth brand in the Canadian market. In another instance, AMC Theatres, an entertainment company based in the United States, launched AMC-branded premium gourmet chocolate candies called AMC Cinema Sweets for the first time in their history. Such launches are anticipated to drive North America Premium Chocolate Market during the forecast period.
Impact of Escalating Geopolitical Tensions on North America Premium Chocolate Market
Intensifying geopolitical tensions could disrupt the growth of North America Premium Chocolate Market. The supply chain for premium cocoa is one significant aspect that is directly influenced by current global issues. North American premium chocolate manufacturers rely on importing cocoa from other nations, especially Asia, Africa, and Latin America. Trade restrictions like sanctions spurred by geopolitical conflicts can possibly disrupt the supply of vital supplies, resulting in shortages and price increases. Additionally, these wars lead to instability in sea routes, such the Suez Canal, which may result in delays or higher freight charges. These interruptions may restrict supply and raise consumer costs.
Dark Chocolate Dominates Premium Chocolate Market
The dark chocolate segment holds the largest share of North America Premium Chocolate Market. Dark chocolate offers several health advantages to both men and women and has a greater cocoa content. Consuming dark chocolate in moderation is linked to several health advantages, including reduced blood pressure, better blood flow, and a decreased risk of heart disease. Numerous studies indicate that better blood flow might enhance brain function as well. The demand for chocolate is expected to grow throughout the predicted period due to rising health consciousness among North American consumers.
United States Leads North America Premium Chocolate market
United States holds a larger share of North America Premium Chocolate Market. Premium chocolate demand in United States is directly fueled by the rising incidence of different lifestyle-related and mental health conditions as well as the health advantages of chocolate consumption. Chocolate is also a big part of American culture, as seen by the numerous chocolate festivals that take place around the nation, such the Colorado Chocolate Festival in Denver and the O.C. Chocolate Festival in Fountain Valley. These events also help to drive the expansion of the premium chocolate industry across United States.
Competitive Landscape
Major companies in North America Premium Chocolate Market include Lindt & Sprüngli AG, The Hershey Company, Mars, Incorporated, Mondelez International, Nestlé S.A., Ferrero, See's Candies, Godiva Chocolatier, Vosges Haut-Chocolate, and Lake Champlain Chocolates. The high concentration of leading companies intensify the market and makes it competitive as they focus on gaining significant market share.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and North America Premium Chocolate Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in North America Premium Chocolate Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
210 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. North America Premium Chocolate Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Demand for Gourmet and Indulgent Experiences
- 3.2.1.2. Growing Awareness of Ethical and Sustainable Sourcing
- 3.2.1.3. Expanding Middle Class and Disposable Incomes
- 3.2.2. Restraints
- 3.2.2.1. High Price Point
- 3.2.2.2. Health Concerns and Sugar Consumption
- 3.2.3. Opportunities
- 3.2.3.1. Innovative Product Development and Unique Flavors
- 3.2.3.2. Increase in E-commerce and Online Retail
- 3.2.4. Challenges
- 3.2.4.1. Fluctuating Raw Material Prices
- 3.2.4.2. Intense Competition and Brand Saturation
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. North America Premium Chocolate Market: marketing Strategies
- 5. North America Premium Chocolate Market: Pricing Analysis
- 6. North America Premium Chocolate Market Overview
- 6.1. Market Size & Forecast, 2019–2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Dark Chocolate
- 6.2.1.2. White & Milk Chocolate
- 6.2.1.3. Sugar Free
- 6.2.1.4. Nutty
- 6.2.1.5. Crunchy
- 6.2.2. By Packaging Type
- 6.2.2.1. Standard Packaging
- 6.2.2.2. Gift Packaging
- 6.2.3. By Distribution Channel
- 6.2.3.1. Direct
- 6.2.3.2. Indirect
- 6.2.4. By Country
- 6.2.4.1. United States
- 6.2.4.2. Canada
- 7. United States Premium Chocolate Market Overview
- 7.1. Market Size & Forecast, 2019–2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.3. By Product Type
- 7.4. By Packaging Type
- 7.5. By Distribution Channel
- 8. Canada Premium Chocolate Market Overview
- 8.1. Market Size & Forecast, 2019–2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.3. By Product Type
- 8.4. By Packaging Type
- 8.5. By Distribution Channel
- 9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. North America Premium Chocolate Company Market Share Analysis, 2023
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 10. Impact of Escalating geopolitical Tensions on North America Premium Chocolate Market
- 11. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 11.1. Lindt & Sprüngli AG
- 11.2. The Hershey Company
- 11.3. Mars, Incorporated
- 11.4. Mondelez International
- 11.5. Nestlé S.A
- 11.6. Ferrero
- 11.7. See's Candies
- 11.8. Godiva Chocolatier
- 11.9. Vosges Haut-Chocolate
- 11.10. Lake Champlain Chocolates
- 11.11. Other Prominent Players
- 12. Key Strategic Recommendations
- 13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 North America Premium Chocolate Segmentation
- Figure 2 North America Premium Chocolate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 North America Premium Chocolate Market Size, By Value (USD Billion), 2019–2030
- Figure 5 North America Premium Chocolate Market Share, By Product Type , By Value, 2019–2030
- Figure 6 North America Premium Chocolate Market Share, By Packaging Type, By Value, 2019–2030
- Figure 7 North America Premium Chocolate Market Share, By Distribution Channel, By Value, 2019–2030
- Figure 8 North America Premium Chocolate Market Share, By Country, By Value, 2019–2030
- Figure 9 United States Premium Chocolate Market Size, By Value (USD Billion), 2019–2030
- Figure 10 United States Premium Chocolate Market Share, By Product Type , By Value, 2019–2030
- Figure 11 United States Premium Chocolate Market Share, By Packaging Type, By Value, 2019–2030
- Figure 12 United States Premium Chocolate Market Share, By Distribution Channel, By Value, 2019–2030
- Figure 13 Canada Premium Chocolate Market Size, By Value (USD Billion), 2019–2030
- Figure 14 Canada Premium Chocolate Market Share, By Product Type , By Value, 2019–2030
- Figure 15 Canada Premium Chocolate Market Share, By Packaging Type, By Value, 2019–2030
- Figure 16 Canada Premium Chocolate Market Share, By Distribution Channel, By Value, 2019–2030
- List of Tables
- Table 1 North America Premium Chocolate Market Size, By Value (USD Billion), 2019–2030
- Table 2 North America Premium Chocolate Market Size, By Product Type , By Value, 2019–2030
- Table 3 North America Premium Chocolate Market Size, By Packaging Type, By Value, 2019–2030
- Table 4 North America Premium Chocolate Market Size, By Distribution Channel, By Value, 2019–2030
- Table 5 North America Premium Chocolate Market Size, By Country, By Value, 2019–2030
- Table 6 United States Premium Chocolate Market Size, By Value (USD Billion), 2019–2030
- Table 7 United States Premium Chocolate Market Size, By Product Type , By Value, 2019–2030
- Table 8 United States Premium Chocolate Market Size, By Packaging Type, By Value, 2019–2030
- Table 9 United States Premium Chocolate Market Size, By Distribution Channel, By Value, 2019–2030
- Table 10 Canada Premium Chocolate Market Size, By Value (USD Billion), 2019–2030
- Table 11 Canada Premium Chocolate Market Size, By Product Type , By Value, 2019–2030
- Table 12 Canada Premium Chocolate Market Size, By Packaging Type, By Value, 2019–2030
- Table 13 Canada Premium Chocolate Market Size, By Distribution Channel, By Value, 2019–2030
- Table 14 Lindt & Sprüngli AG Company Overview
- Table 15 Lindt & Sprüngli AG Financial Overview
- Table 16 The Hershey Company: Company Overview
- Table 17 The Hershey Company Financial Overview
- Table 18 Mars, Incorporated Company Overview
- Table 19 Mars, Incorporated Financial Overview
- Table 20 Mondelez International Company Overview
- Table 21 Mondelez International Financial Overview
- Table 22 Nestlé S.A Company Overview
- Table 23 Nestlé S.A Financial Overview
- Table 24 Ferrero Company Overview
- Table 25 Ferrero Financial Overview
- Table 26 See's Candies Company Overview
- Table 27 See's Candies Financial Overview
- Table 28 Godiva Chocolatier Company Overview
- Table 29 Godiva Chocolatier Financial Overview
- Table 30 Vosges Haut-Chocolate Company Overview
- Table 31 Vosges Haut-Chocolate Financial Overview
- Table 32 Lake Champlain Chocolates Company Overview
- Table 33 Lake Champlain Chocolates Financial Overview
Pricing
Currency Rates
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