The Market value (retail sales value) of Chocolate Industry in United States of America attained a value of USD 23,238.24 Millions in 2020
The Industry recorded a historical growth (CAGR) of 3.15% between 2017 to 2020, and is expected to grow by ...
GlobalData projects the Industry to grow at a CAGR of ...
In 2020, Chocolate was the largest category in the US confectionery market and the fastest growing. More than one-third of the chocolate sales came through Hypermarkets & Supermarkets distribution channels in the US while per capita consumption of the chocolate category was higher than both the global and regional averages, in the same year.
The Hershey Co, Mars, Incorporated, Chocoladefabriken Lindt & Sprüngli, and Ferrero were the top four companies in the chocolate market in the US.
In 2020, Hershey`s, Ferrero, M & M`s, Mars, and Dove were the leading brands in the US. Hershey, a brand of The Hershey Co, had the largest market share in the chocolate market in the US.
Chocolate includes boxed chocolates, molded chocolate bars, chocolate-covered bars whether in single bars or bite-sized versions sold in multipacks, seasonal novelties, and local specialties. Chocolate Includes milk chocolate and excludes cooking chocolate.
The Hershey Co leads the way in the US chocolate market in 2020
The company held a significant share of the total chocolate market share in the region. Hershey`s, Brookside, Almond Joy, York, and Whoppers are the leading brands of The Hershey Co. Hershey’s was the flagship brand of the company.
Mars, Incorporated was the second-largest chocolate maker in the US in 2020
Mars, Incorporated held the second-largest stake in the chocolate market share in the region and was a close competitor of The Hershey Co. M & M`s, Mars, Dove, and Snickers were the leading brands of Mars, Incorporated in the region during the period.
Chocoladefabriken Lindt & Sprüngli was the third-largest chocolate market in 2020
The company held a significant market share in the US chocolate market. Lindt, Russell Stover, and Ghirardelli were the major brands of the company. The company reported a low single-digit YoY growth in 2020.
Market Fragmentation: Top two players cumulatively held more than half of the market share of the chocolate industry in the US in 2020.
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