Lucintel Anticipates US Chocolate Industry to Reach $19.3 Billion by 2018

IRVING, Texas, June 2, 2014 /PRNewswire-iReach/ -- The US Chocolate Industry is expected to reach an estimated value of $19.3 billion by 2018. The major drivers of the USA chocolate industry are increasing consumer expenditure, and innovation with increasing use nutritional ingredients in chocolates. Seasonal and festive sales also impacts the selling and production of chocolate. Increasing usage of chocolates in different applications such as facial cream, Pharmaceuticals, and Beverage market will further drive this industry.

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Lucintel, a leading global management consulting and market research firm, has analyzed the USA Chocolate Industry by product type and has come up with a comprehensive research report, "US Chocolate Industry Analysis and Outlook 2013-2018." This market report provides an analysis of the USA chocolate industry including the market trend, company profiles, cost structure, growth opportunities, key drivers, and emerging trend of the market.  The study also includes the US chocolate industry trends and forecasts through 2018, segmented by product type such as Dark Chocolate, Milk Chocolate, and White Chocolate.

On the basis of its comprehensive research, Lucintel forecasts that majority of the segments for the USA chocolate industry will grow moderately during 2013-2018. Milk chocolate segment is growing at a greater pace than white chocolate and dark chocolate segments. Innovation in chocolates such as nutritional chocolate for health conscious consumer will boost the market. Mondelēz International Inc., The Hershey Company, and Nestle SA are among the major chocolate manufacturers in USA. Regular innovation of products is very important for companies to sustain their successful position in the market.

This research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents and pricing information on these timely, insightful reports, contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com  You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.

Media Contact: Roy Almaguer, Lucintel, +1-972-636-5056, [email protected]

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SOURCE Lucintel