North America Hot Chocolate Market Size & Outlook
North America hot chocolate market, 2016-2027 (US$M)
Related Markets
North America hot chocolate market highlights
- The North America hot chocolate market generated a revenue of USD 754.6 million in 2019.
- The market is expected to grow at a CAGR of 3% from 2020 to 2027.
- In terms of segment, offline was the largest revenue generating distribution channel in 2019.
- Online is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2020 to 2027.
North America data book summary
| Market revenue in 2019 | USD 754.6 million |
| Market revenue in 2027 | USD 956.5 million |
| Growth rate | 3% (CAGR from 2019 to 2027) |
| Largest segment | Offline |
| Fastest growing segment | Online |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Offline, Online |
| Key market players worldwide | Nestle SA, Mondelez International Inc Class A, The Hershey Company, Mars Group Holdings Corp, Chocoladefabriken Lindt & Spruengli AG, Associated British Foods PLC, Xucker, Cocosutra, Haribo, Valrhona, Twinings |
Other key industry trends
- In terms of revenue, North America region accounted for 23.3% of the global hot chocolate market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- MEA is the fastest growing regional market and is projected to reach USD 511.6 million by 2027.
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Hot Chocolate Market Scope
Hot Chocolate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America hot chocolate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hot chocolate market will help companies and investors design strategic landscapes.
Offline was the largest segment with a revenue share of 92.12% in 2019. Horizon Databook has segmented the North America hot chocolate market based on offline, online covering the revenue growth of each sub-segment from 2016 to 2027.
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Target buyers of North America hot chocolate market databook
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Our clientele includes a mix of hot chocolate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America hot chocolate market, including forecasts for subscribers. This continent databook contains high-level insights into North America hot chocolate market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America hot chocolate market size, by country, 2016-2027 (US$M)
North America Hot Chocolate Market Share, 2019 & 2027 (US$M)
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