Key Findings
The North America cocoa market is expected to progress at a CAGR of 3.80% during the forecast period, 2021-2028. The region has the presence of big domestic companies. It has also been the dominant market for cocoa products with regard to production, consumption, and innovations. In addition, there is an increasing awareness among people in terms of the health benefits of cocoa products.

Market Insights
Canada and the United States are evaluated for the North America cocoa market growth analysis. The food & beverage sector is the second-largest manufacturing industry in Canada, generating more than $112 billion in production value. Also, there is a surging demand for cocoa with the increasing number of cafes, restaurants, catering businesses, food manufacturing operations, bakeries, etc.
Further, the country leads in the North American region. It exported the highest dollar value worth chocolate during 2020, 5.6% of total chocolate exports. Additionally, it is among the largest chocolate consumers worldwide. Its average consumption is 6.4 kgs per year, 1 kg more than the US, as per the Inter-American Institute for Cooperation on Agriculture.
Moreover, the bakery and confectionery industry in North America is estimated to witness growth, given the growing preference for low-sugar confectioneries. Furthermore, there is a growing demand for cocoa-rich and organic chocolates and bakery products.

Competitive Insights
Some of the key firms in the market include Touton SA, Bloomer Chocolate Company, Cargill Incorporated, Puratos Group, The Hershey Company, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments