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Chocolate Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Chocolate Production Market Research Report | NAICS 31135 | Jan 2017

Sweet inspiration: Rising health consciousness will boost demand for healthier, premium chocolates

The Chocolate Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • Consolidation will increase market share concentration and profit margins, despite volatile input costs
  • The price of several major industry inputs have been extremely volatile in recent years
  • The move to healthier chocolates will be partly due to an FDA mandate on trans fats
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Industry Analysis & Industry Trends

Over the past five years, the Chocolate Production industry has benefited from trends including improving disposable incomes, greater demand for premium chocolates and vibrant export markets. However, other trends, including volatile cocoa prices and rising health consciousness, have limited industry growth. In addition, rising health consciousness has driven numerous consumers, especially in the younger generation, away from products laden with sugar and saturated fat and toward healthier alternatives. Going forward, IBISWorld expects this industry to benefit from improvements in discretionary income and the strongest growth in demand will occur for premium, dark and organic chocolates.

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Industry Report - Industry Investment Chapter

The Chocolate Production industry exhibits a moderate level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every $1.00 spent on labor, chocolate producers will spend $0.21 on capital in 2016. It is important to note that the level of capital intensity varies considerably with the scale of operations. Small- to medium-sized facilities typically spend less on capital investment because they lack the resources to invest in advanced technology and equipment, while large operators (i.e. Hershey's) spend much more on machinery to mass-produce large quantities of homogenous products. Therefore, small producers employ additional labor to increase production volumes. Gou.. ... purchase to read more

Additional Insights for the Chocolate Production Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chocolate Production Industry are

  • Ability to adapt to change
  • Product differentiation
  • Supply contracts for key inputs
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Per capita sugar and sweetener consumption in the Chocolate Production industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Chocolate Production Industry?

    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.

    Industry Products
    Chocolate molded with candy, fruit, nut or granolaChocolate bars, plainChocolate coatingsCocoa powderCocoa butter, liquor and syrup
    Industry Activities
    Producing chocolate barsProducing chocolate molded with fruits and nutsProducing chocolate coatingsProducing cocoa powder, butter and liquor

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Per capita sugar and sweetener consumption
  • World price of cocoa
  • Healthy eating index
  • Price of sugar
  • Trade-weighted index
  • Current Performance
  • Healthy dose of concern
  • Prices and profitability
  • Global trends
  • Chart: Revenue Growth
  • Industry Outlook
  • Healthier chocolate
  • Prices and participation
  • International landscape
  • Table: Chocolate Production Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chocolate Production Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Confectionery Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Specialty Food Stores
  • Consumers
  • Key Selling Industries
  • Dairy Product Production
  • Fruit & Nut Growers
  • Margarine & Cooking Oil Processing
  • Sugarcane Harvesting
  • Syrup & Flavoring Production
  • Products & Services
  • Chocolate bars, plain
  • Chocolate molded with candy, fruit, nut or granola
  • Chocolate coatings
  • Cocoa powder
  • Cocoa butter, liquor and syrup
  • Chart: Chocolate Production Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Confectionery wholesalers
  • Supermarkets and grocery stores
  • Specialty retailers
  • Exports
  • Direct to consumers
  • Chart: Major Market Segmentation for the Chocolate Production Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Chocolate Production
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chocolate Production Industry
  • Industry Globalization
    Major Companies
    The Hershey Company
    Mars Inc.
    Nestle SA
    Lindt & Sprungli
  • Table: The Hershey Company - financial performance
  • Table: Mars Inc. - financial performance
  • Table: Nestle SA - financial performance
  • Table: Lindt & Sprungli - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Chocolate Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Chocolate Production Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • World price of cocoa (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • A substance that opposes oxidation or inhibits reactions promoted by oxygen or peroxides.
  • Artisan Chocolate
  • Chocolate that is not made by machines, but rather, involves a high degree of human labor and craftsmanship.
  • Cacao
  • Seeds (grown on trees in warm climates) from which cocoa, cocoa butter and chocolate are made.
  • Chocolatier
  • A person or company that makes or sells chocolate.
  • Cocoa
  • A powder made from cacao seeds used in chocolate.
  • Dark Chocolate
  • Also known as “semisweet” or “bittersweet” chocolate. A form of chocolate produced by using mostly cocoa solids and very little added milk and sugar, or no milk and added sugar at all.
  • Premium
  • When producers charge consumers a price for their product that is more than its nominal value.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Chocolate Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Chocolate Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Chocolate Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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