Let’s go into 2019 on a positive note about the health of the industry from this March 2018 article.
The U.S. chocolate market is expected exceed $20 billion by 2025, according to research by United Kingdom-based firm IndexBox.
The research firm noted the market reached $17.6 billion in 2016, up $819 million — or 5 percent — from 2015. This figure reflects total revenue of producers and importers and excludes logistics costs, retail marketing costs and retailers’ margins. Overall, the U.S. chocolate market grew on average by 4.1 percent each year between 2008 and 2016.
Chocolate and confectionery consumption in the United States is expected to continue its upward trend, supported by population growth and rising purchasing power, along with increasing demand for premium chocolate and confectionery items. Furthermore, greater interest in healthy lifestyles continues to drive consumption of sugar-free, organic and dark chocolate.
However, an increase in production costs, which consequently led to a surge in consumer prices, and changes in consumer preferences toward products with lower sugar content are key factors constraining market performance.
As a whole, the market is projected to grow by 1.8 percent each year between 2016 to 2025, putting the expected market value at $20.7 billion by 2025.