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Chocolate Production in the US Industry Data and Analysis
The industry has experienced significant growth in recent years, propelled by changing consumer preferences and innovative product developments. The sector has remained popular despite challenges such as fluctuating cocoa prices and growing health consciousness. Companies have adapted by introducing new flavors, healthier options and sustainable practices, appealing to a broader audience. This adaptability has kept consumer interest alive and expanded market reach, ensuring the chocolate production industry remains a crucial contributor to the US economy. Still, industry-wide revenue is projected to shrink at a CAGR of 3.5% over the five years through 2026. In the current year, revenue is expected to dip by an estimated 0.3% to a total of $26.0 billion, while profit will expand to 16.2%.
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What's included in this industry analysis
IBISWorld's research coverage on the Chocolate Production industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Chocolate Production industry in the United States operates under the NAICS industry code 31135. Operators in this industry process cacao beans and other ingredients into chocolate and chocolate-based candy. Products include chocolate candy bars, boxed chocolates and chocolate-covered nuts. Related terms covered in the Chocolate Production industry in the United States include tariff escalation, chocolatier, cacao, cocoa, dark chocolate, artisan chocolate, premium and antioxidant.
What's included in this industry?
Products and services covered in Chocolate Production industry in the United States include Chocolate molded with candy, fruit, nut or granola, Chocolate bars, plain and Chocolate coatings.
What companies are included in this industry?
Companies covered in the Chocolate Production industry in the United States include Mars Inc., Hershey Co and Ferrero Group.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Chocolate Production industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Chocolate Production industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Chocolate Production industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Chocolate Production industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Chocolate Production industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Chocolate Production industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Chocolate Production industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Chocolate Production industry in the United States.
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Frequently Asked Questions
What is the market size of the Chocolate Production industry in the United States in 2026?
The market size of the Chocolate Production industry in the United States is $26.0bn in 2026.
How many businesses are there in the Chocolate Production industry in the United States in 2026?
There are 3,389 businesses in the Chocolate Production industry in the United States, which has grown at a CAGR of 1.8 % between 2021 and 2026.
How may import tariffs affect the Chocolate Production industry in the United States?
The Chocolate Production industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Chocolate Production industry in the United States?
The Chocolate Production industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Chocolate Production industry in the United States grown or declined over the past 5 years?
The market size of the Chocolate Production industry in the United States has been growing at a CAGR of 3.5 % between 2021 and 2026.
What is the forecast growth of the Chocolate Production industry in the United States over the next 5 years?
Over the next five years, the Chocolate Production industry in the United States is expected to grow.
What are the biggest companies in the Chocolate Production industry in the United States?
The biggest companies operating in the Chocolate Production industry in the United States are Mars Inc., Hershey Co and Ferrero Group
What does the Chocolate Production industry in the United States include?
Chocolate molded with candy, fruit, nut or granola and Plain chocolate bars are part of the Chocolate Production industry in the United States.
Which companies have the highest market share in the Chocolate Production industry in the United States?
The company holding the most market share in the Chocolate Production industry in the United States is Mars Inc..
How competitive is the Chocolate Production industry in the United States?
The level of competition is moderate and increasing in the Chocolate Production industry in the United States.
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