North American Chocolate Confectionery Market Outlook

The varying consumer preferences are dictating the growth trajectory of the #North_American #chocolate #confectionery market. Reports that review the #food, #beverage, and #nutrition industry have been offered by Market Research Future® (MRFR)MrFreelancer-In Research Future, which creates reports on industry verticals that assess the market development and prospects. The market is likely to be influenced by a robust CAGR in the approaching period.

The need to ensure #healthier, #natural and clean label products is projected to inspire the chocolate confectionery market in the North American market. The launch of new #flavor profiles in the region is expected to set a #favorable #outlook for the progress of the North American chocolate confectionery market in the #forthcoming period. Moreover, the availability of #smaller #quantities of chocolates is expected to expand the market for chocolate confectionery in the forecast period.

Segmental Analysis

The segmentation of the North American chocolate confectionery market analysis has been carried out based on category, type, distribution channel, and country. Based on type, the chocolate confectionery market in North America has been segmented into the #dark, milk, and white. The #milk #chocolate #segment is a well-liked option among #consumers and holds the main market stake. Based on category, the chocolate confectionery market in North America has been segmented into #candies, #chocolate #bars, and others. Based on the distribution channel, the chocolate confectionery market in North America has been segmented into non-store-based and store-based. Based on the #country, the chocolate confectionery market in North America has been segmented into Canada, the US, and Mexico.

Detailed Regional Analysis    

The regional examination of the #North_American chocolates #industry consists of Canada, the US, and Mexico. The #US is anticipated to hold the leading share of the North American chocolate confectionery market followed by countries like #Canada and #Mexico. The mounting demand for low sugar confectionery products, pioneering products such as protein bars, and the introduction of chocolate products with fruits and nuts in the market are likely to support the expansion of the North American chocolate confectionery market.

Competitive Analysis

The key success factors are also #favorably #contributing to the growth of the market. The fortification of the distribution channels in the market is expected to #increase the penetration of the products. In the coming years, market #profitability will progressively improve as innovation and #product developments induce positive developments. The market size is also expected to grow significantly in the coming years. The market scenario is highly dependent on the factors that are shaping the #opportunities and the #challenges that are existing in the market. The competitors in the market are ensuring that the product and services being offered in the market are aligned with the preferences of their user base favorably. The #presence of successful #products and #brands is #shaping the development of the market to a great extent. Also, the progress of technology has gained momentum leading to enhanced market growth. The #industry #cost #structure is also expected to alter progressively in the coming future. The innovative trends emerging in the market are expected to set grounds for robust development in the approaching period.

The remarkable contenders in the North American chocolate confectionery market are Mars Food (US), Blommer Chocolate Company (US), Puratos (Belgium), Mondelēz International (US), Foley’s Candies LP (Canada), Nestlé SA (Switzerland), Alpezzi Chocolate (Mexico), The Hershey Company (US), Barry Callebaut Group Callebaut (Switzerland), Cargill (US), Guittard Chocolate Company (US), Republica del Cacao (Ecuador), VALRHONA (France), Ghirardelli (US), FERRERO INDIA PRIVATE LIMITED (Italy), and Scharffen Berger Chocolate Maker, LLC Berger (US) to name a few.

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Industry Updates:

May 2019 Barry Callebaut recently announced the official launch of its #ruby #chocolate variant in the US and Canada markets. In addition to the few ruby products previously offered in the US, this official launch ‘broadly’ expands their availability to other producers, artisans, chefs,  and chocolatiers, noting that the US is the world’s major confectionery and chocolate market.

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