Packaged Facts: $22 Billion Chocolate Candy Market Has Sweet Outlook

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Oct 22, 2015, 04:19 ET

ROCKVILLE, Md., Oct. 22, 2015 /PRNewswire/ -- With some 81% of American consumers eating chocolate, the future outlook for the U.S. chocolate candy market is bullish, according to a report by market research publisher Packaged Facts. By 2018, Packaged Facts expects sales of chocolate candy in the U.S. to exceed $26 billion for the first time, up from roughly $22 billion in sales estimated by the end of 2015. Most important, the category is quite dynamic: with a strong pace of innovation, an influx of creative new players and a steady flow of new products that engage consumers.

The findings were published in the report Chocolate Candy in the U.S., 10th Edition. For more information on the report, including the abstract and table of contents, visit: http://www.packagedfacts.com/redirect.asp?progid=87962&productid=8275449.

Several factors support a continued growth curve for the market. One, the market has continued growing despite the economic climate, underscoring consumer devotion to the product. Two, the growing perception of the product as an accessible luxury creates many opportunities to trade the consumer up to premium products. Three, a growing body of research supports the status of cocoa as a superfood, with multi-dimensional nutritional benefits. This positive halo around chocolate enhances its image as a guilt-free indulgence, and can ultimately drive more consumption.

There are also challenges faced by the industry: including the public concern about the cocoa farming process, and short-term, the supply of cocoa. Overall, however, the industry is poised for continued growth based on the many positive trends now unfolding in the market.

Chocolate Candy in the U.S., 10th Edition segments and quantifies the market by channel and product type, providing historical sales figures and forecasts through 2018. The report examines market size, drivers and trends, retail sales-tracking data from IRI and SPINSscan, new product trends, and national consumer survey data, both from an extensive analysis of Simmons data as well as the proprietary Packaged Facts Chocolate Usage Survey. The report also thoroughly maps out the competitive situation at the marketer and brand levels, with detailed profiles of Hershey, Mars, Russell Stover, Nestle, Lindt and others. To purchase your copy of Chocolate Candy in the U.S., 10th Edition visit: http://www.packagedfacts.com/redirect.asp?progid=87962&productid=8275449.

About Packaged Facts – Packaged Facts, a division of MarketResearch.com, publishes market intelligence on a wide range of consumer market topics, including consumer demographics and shopper insights, consumer financial products and services, consumer goods and retailing, consumer packaged goods, and pet products and services. Packaged Facts also offers a full range of custom research services. Reports can be purchased at www.PackagedFacts.com and are also available on www.marketresearch.com and www.profound.com.

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SOURCE Packaged Facts