The North America dark chocolate market reached a value of US$ 9.7 Billion in 2019. Dark chocolate, also known as black chocolate, is a type of chocolate which contains higher amount of cocoa compared to milk solids. As a result of this, it has an enhanced and rich taste in comparison to milk chocolate. Dark chocolate is an excellent source of flavonoids and antioxidants owing to which it has been identified as a potential superfood. Some of the products manufactured using dark chocolate include baked goods, candies, bars, beverages, etc.
North America dark chocolate market is currently being driven by several factors. Rising awareness among consumers towards the nutritional content and stress relieving ability of dark chocolate have catalyzed the demand in the region. Moreover, the advent of online retailing and e-commerce has propelled the chocolate manufacturers to expand their consumer-base and improve profit margins. Furthermore, dark chocolate is also preferred as a suitable gifting option which has bolstered its demand in the region. Moreover, the thriving food and beverages industry in the region uses dark chocolate in cakes, muffins, chocolate sauces, shakes, etc., further catalyzing its market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 12.5 Billion by 2025, registering a CAGR of 4.3% during 2020-2025.
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