$1.5bn
$XXX.Xm
16,124
7,107
$XXX.Xm
Chocolate stores in the US have experienced a dynamic period marked by shifts in consumer preferences, economic fluctuations and evolving market trends. Over the past few years, the industry has seen challenges and opportunities, with a notable hike in demand for premium and artisanal chocolates. This surge has been fueled by a growing consumer interest in unique, high-quality products and an emphasis on ethical sourcing. The pandemic initially disrupted supply chains and store operations, but many chocolate retailers adapted by enhancing their online presence and offering delivery services. As a result, chocolate stores have recovered and found new ways to engage with their customers, setting the stage for continued growth. Still, revenue will weaken at a CAGR of 0.8% to $1.5 billion over the five years to 2024, including 0.5% growth in 2024 alone.
Industry revenue has declined at a CAGR of 0.8 % over the past five years, to reach an estimated $1.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Chocoladefabriken Lindt & Sprungli AG | 212.9 | 44.8 | 21.1 | |
See's Candies | 160.7 | 17.1 | 10.7 |
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Industry revenue is measured across several distinct product and services lines, including Milk chocolate, Dark chocolate and White chocolate. Milk chocolate is the largest segment of the Chocolate Stores in the US.
Milk chocolate sales thrive during the holidays
This industry includes specialty shops and boutiques that retail chocolate products to consumers. Supermarkets, department stores, drug stores, mass merchandisers and online retailers are excluded from this industry. Establishments such as coffee shops, bakeries and franchise retail establishments that sell chocolate products also are excluded from this industry.
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NAICS 44529 - Chocolate Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Uncertain economic conditions slow retail sales. Rising inflation and weakening consumer sentiment have particularly impacted chocolate sales, causing significant harm to ret...
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Milk chocolate remains the most popular product. This is mainly driven by the seasonal popularity of milk chocolate, particularly during Halloween, Christmas and Easter.
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Remaining near highly populated areas gives retailers access to more customers. This has caused many retailers to base operations in the Mid-Atlantic, Southeast and West.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Chocolate stores compete with traditional retailers, like supermarkets and convenience stores. This trend is prevalent for milk chocolate seasonal products and among younger ...
Learn about the performance of the top companies in the industry.
Large retailers improve their e-commerce capabilities. By adapting to changing consumer preferences, retailers can ensure a seamless transition to online sales.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Local and state agencies offer economic development grants. These grants help chocolate stores enhance facilities, invest in local projects, and improve product offerings, bo...
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Rising cocoa prices cause purchase costs to jump. A global cocoa shortage and disrupted supply chains have negatively impacted chocolate producers, making chocolate more expe...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Chocolate Stores in the US industry in United States is $1.5bn in 2024.
There are 7,107 businesses in the Chocolate Stores in the US industry in United States, which has declined at a CAGR of 1.8 % between 2019 and 2024.
The market size of the Chocolate Stores in the US industry in United States has been declining at a CAGR of 0.8 % between 2019 and 2024.
Over the next five years, the Chocolate Stores in the US industry in United States is expected to grow.
The biggest companies operating in the Chocolate Stores market in United States are Chocoladefabriken Lindt & Sprungli AG and See's Candies
Retailing premium chocolates and Retailing seasonal chocolates are part of the Chocolate Stores in the US industry.
The company holding the most market share in United States is Chocoladefabriken Lindt & Sprungli AG.
The level of competition is high and increasing in the Chocolate Stores in the US industry in United States.