The forecasted cocoa consumption in the US from 2024 to 2028 shows a gradual increase, stabilizing around 1.75 billion pounds by 2026. Comparatively, the level stood at approximately 1.73 billion pounds in 2023, marking a modest growth. The year-on-year variation is minimal, with slight increases of about 0.57% annually from 2026 onwards.
Future trends to watch for:
- Increased demand for chocolate products, influenced by health benefits and premium offerings.
- Sustainability practices and their impact on supply chains.
- Shifts in consumer preferences towards plant-based and alternative cocoa products.