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North America Chocolate Market (2019-2025)- Revenue, Forecast & 6Wresearch

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North America Chocolate Market Overview

The North America Chocolate Market is innovating as now it is consumed in many forms whether that by in a solid bar, cold and hot beverages, or baked into many different meals and desserts. Organic ingredients are considered as more natural and healthier, therefore demand for organic cocoa and chocolate ingredients continues to grow. To improve transparency, Hershey helped develop an industry-wide technology for U.S. products called Smart Label. With a simple scan of a QR code on the product package, consumers are taken to Hershey’s Smart Label site and provided with a wide range of product information including information on nutrition, ingredients and their definitions, allergens and whether the product is gluten-free or contains any GMO ingredients.

North America chocolate market is the second-largest chocolate market globally. The impulse buying behavior of the consumers and rising demand for premium chocolates has propelled the growth of the chocolate market in the North America region. Rising demand for flavored chocolates as well as confectionery items is expected to drive the growth of the chocolate market over the coming years.

According to 6Wresearch, North America chocolate market size is projected to grow at a CAGR of 3.9% during 2019–25. On basis of distribution channels, supermarkets and hypermarkets captured the majority of the market revenues in 2018 and are expected to lead the market during the forecast period owing to the easy availability of products coupled with increasing impulse purchasing among consumers. However, the online channel is projected to witness substantial growth over the next six years due to growing digitalization as well as a leading sedentary lifestyle among the population.

Key Highlights of the Report:-

  • North America Chocolate Market Overview
  • North America Chocolate Market Outlook
  • North America Chocolate Market Forecast
  • North America Chocolate Market Price Trends
  • North America Chocolate Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • North America Chocolate Market Share, By Countries
  • North America Chocolate Market Share, By Players
  • North America Chocolate Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

About us: –

6wresearch is the premier, one-stop market intelligence and advisory center, known for its best-in-class business research and consulting activity. We provide industry research reports and consulting services across different industries and geographies which provide industry players an in-depth coverage and help them in decision-making before investing or entering into a particular geography. Our Research Process Outsourcing (RPO) division enables our clients to reduce their costs by outsourcing their research needs and focusing on their core competencies.

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