Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Chocolate Production in the US - Industry Market Research Report

United States chocolate production market: $15.9 billion industry by 2018


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-14 10:25:02 - Chocolate Production in the US - Industry Market Research Report - a new market research report on companiesandmarkets.com

After facing some bitter challenges, the United States Chocolate Production market has remained relatively solid thanks to America´s sweet tooth. Despite lower levels of per capita disposable income during the recession, consumers increased chocolate purchases as a comfort food, particularly cheaper chocolate goods. As consumers had more spending money during the years following the recession, they continued to increase purchases of chocolate products, thus benefiting industry revenue. During the past five years, a growing number of health conscious Americans consumed less sugar; however, in response to the link between excessive sugar intake and health issues, a trend which negatively affected demand for high-sugar chocolate products. Producers responded by advertising healthier chocolate products such as dark chocolate and organic chocolate. Product

 

 

developments combined with promotional messages revamped consumer demand, and renewed interest in the chocolate market.

Overall, revenue expanded at a slow annualized rate of 0.2% to $14.7 billion during the five years to 2013. This includes expected growth of 0.5% from 2012 to 2013.

Profit margins expanded during the past five years despite high volatility in the price of sugar (a primary input in chocolate products), because producers were able to pass these costs to buyers in the form of higher product prices. For example, the price of sugar grew 17.0% in 2009 and 44.3% in 2010, but several industry players raised chocolate prices even more, padding profit margins. Even with these price hikes, brand-loyal consumers continued to buy the same chocolate brands, preventing declines for industry profitability. More producers also streamlined production processes by adopting new technologies, enabling them to employ fewer people and cut wage costs. Consequently, profit margins expanded from 11.4% of revenue in 2008 to 14.0% in 2013.

During the five years to 2018, the industry is projected to experience revenue growth at a faster rate compared to the previous five years. As per capita disposable income increases during the next five years, more consumers will be able to afford and indulge in discretionary products like chocolate. Furthermore, as more Americans become health conscious, demand for sugar-free, dark and organic chocolates will increase, thereby growing revenue for the industry. Overall, revenue is projected to increase at an annualized rate of 1.6% to $15.9 billion during the five years to 2018.

Click for report details: www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..

Browse all Food and Drink Market Research Reports www.companiesandmarkets.com/Market/Food-and-Drink/Market-Researc ..

Browse all Food and Drink Company Profile Reports www.companiesandmarkets.com/Market/Food-and-Drink/Company-Profil ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser