Latin America Snacks Market 2025

The Latin America snacks sector is poised for a dynamic growth phase, anticipating an increase of USD 29.7 billion and a CAGR of approximately 6.4% from 2025 to 2030. Latin America’s snacks market is gaining traction through dual vectors of economic normalization and informal retail penetration. Stabilizing macroeconomic conditions in Brazil, Mexico, and Colombia have catalyzed consumer spending, particularly in FMCG categories. While discretionary income remains under pressure in pockets, snacks enjoy cultural ubiquity across socioeconomic classes. This resilience is being tapped by both regional conglomerates and international brands that are realigning product mixes to suit localized tastes. Corn-based and plantain-based snacks dominate in many subregions, offering a blend of tradition and mass appeal that is difficult to replicate.

Moreover, the informal and semi-formal retail ecosystem continues to be a powerful growth enabler. Mom-and-pop shops, neighborhood kiosks, and mobile vendors constitute a majority of snack sales in rural and suburban settings. These channels provide unparalleled reach, often surpassing organized retail in accessibility and immediacy. As digital payment systems and micro-distribution platforms gain momentum, these fragmented networks are being integrated into the broader supply chain. Companies investing in last-mile logistics and localized production are reaping scale benefits, as proximity-driven consumption remains the norm across much of the continent.

This report offers a detailed examination of the Latin America snacks market, leveraging historical data from 2020 to 2024 and projecting trends through 2030. It evaluates market size, growth trajectories, and key drivers of change, providing a nuanced view of the industry’s development. Through a structured analysis of product type, distribution channel and country, the report identifies strategic opportunities and challenges, supporting data-driven decision-making.

Market Segmentation

The Latin America snacks market is categorized into the following segments:
Product type: confectionery (chocolate confectionery, gum, sugar confectionery), ice cream and frozen dessert (frozen yoghurt, impulse ice creams, plant-based ice creams, take-home ice creams, others), savory snacks (corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, rice snacks, savoury biscuits and crackers, vegetable and pulse chips, others), fruit snacks, snack bars, sweet biscuits (chocolate biscuits, cookies, plain biscuits, stuffed biscuits, wafers)
Distribution channel: convenience stores, discounters, e-commerce, food specialty stores, forecourts, general merchandise stores, health stores, hypermarkets, small grocery stores, supermarkets, vending, warehouse clubs, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others

The segmentation of the Latin America snacks market product type, distribution channel and country. By product type, the market is categorized into confectionery (chocolate confectionery, gum, sugar confectionery), ice cream and frozen dessert (frozen yoghurt, impulse ice creams, plant-based ice creams, take-home ice creams, others), savory snacks (corn and tortilla chips, meat snacks, nuts and seeds, popcorn, potato chips, pretzels, puffed snacks, rice snacks, savoury biscuits and crackers, vegetable and pulse chips, others), fruit snacks, snack bars, and sweet biscuits (chocolate biscuits, cookies, plain biscuits, stuffed biscuits, wafers). Distribution channel segmentation comprises convenience stores, discounters, e-commerce, food specialty stores, forecourts, general merchandise stores, health stores, hypermarkets, small grocery stores, supermarkets, vending, warehouse clubs, and others. Geographically, the market spans Argentina, Brazil, Chile, Colombia, Mexico and others.

Competitive Landscape

The Latin America snacks market remains highly competitive, with major players including Adam Foods S.L., C.I. Super De Alimentos S.A., Canel’s S.A. de C.V., Colombina SA, Conagra Brands Inc., Cooperativa de Productores de Leche Dos Pinos R.L., Corporacion Multi Inversiones S.A. de CV, Dori Alimentos S.A., Dulces y Chocolates de la Rosa S.A. de C.V., Embotelladoras Arca S.A. de C.V., Empresas Carozzi S.A., Ferrero International S.A., Florestal Alimentos S.A., General Mills Inc., Georgalos Hermanos S.A.I.C.A., Grupo Arcor S.A., Grupo Bimbo S.A.B. de C.V., Grupo CRM Industria e Comercio de Alimentos Ltda., Grupo Nutresa S.A., Helados Sarita S.A., Ibac Industria Brasileira De Alimentos E Chocolate Ltda., ICB S.A., Industria De Alimentos Trendy S.A., Iracema Industria e Comercio de Castanha de Caju Ltda, Kellanova, La Dolce S.R.L., M Dias Branco SA Industria & Comercio de Alimentos, Marilan Alimentos S.A., Mars Incorporated, Mondelez International Inc., Montes y Cia. S.A. de C.V., Nestle S.A., Pandurata Alimentos Ltda, PepsiCo Inc., Perfetti Van Melle Group, Productos Alimenticios Diana S.A. de C.V., Sanchez Cano S.A., Sorvetes Jundia Industria e Comercio Ltda, The Hershey Company and Unilever PLC.

This comprehensive report analyzes the performance of leading companies in the snacks sector from 2020 to 2024. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latin America snacks market.
Gain in-depth analysis and forecasts for the key segments of the Latin America snacks market: product type, distribution channel and country.
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Gain deep insights into the dynamics of the Latin America snacks market.
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Anticipate the future trajectory of the Latin America snacks market with informed projections.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latin America Snacks Market – Product Type Analysis
Latin America Snacks Market – Distribution Channel Analysis
Latin America Snacks Market – Country Analysis
Company Shares Analysis
Adam Foods, S.L.
C.I. Super De Alimentos S.A.
Canel’s, S.A. de C.V.
Colombina SA
Conagra Brands, Inc.
Cooperativa de Productores de Leche Dos Pinos R.L.
Corporacion Multi Inversiones S.A. de CV
Dori Alimentos S.A.
Dulces y Chocolates de la Rosa S.A. de C.V.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latin America Snacks Market 2020-2030
Chart Latin America Snacks Market, Net Growth, 2020-2030
Chart Latin America Snacks Market, Growth Rates, 2020-2030
Table Latin America Snacks Market by Product Type, 2020-2030
Chart Latin America Snacks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latin America Snacks Market by Product Type, 2020-2030
Table Latin America Snacks Market by Distribution Channel, 2020-2030
Chart Latin America Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latin America Snacks Market by Distribution Channel, 2020-2030
Table Latin America Snacks Market by Country, 2020-2030
Chart Latin America Snacks Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Latin America Snacks Market by Country, 2020-2030
Table Latin America Snacks Market Share (%), by Companies, 2020-2024
Chart Latin America Snacks Market, by Companies, 2024
Table Latin America Snacks Market Share (%), by Brands, 2020-2024
Chart Latin America Snacks Market, by Brands, 2024
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Snacks Market: Spend as a Proportion of GDP (%)
Table Latin America Snacks Market: Consumption per Capita (Population)

Companies Mentioned

Adam Foods, S.L.
C.I. Super De Alimentos S.A.
Canel’s, S.A. de C.V.
Colombina SA
Conagra Brands, Inc.
Cooperativa de Productores de Leche Dos Pinos R.L.
Corporacion Multi Inversiones S.A. de CV
Dori Alimentos S.A.
Dulces y Chocolates de la Rosa S.A. de C.V.
Embotelladoras Arca, S.A. de C.V.
Empresas Carozzi S.A.
Ferrero International S.A.
Florestal Alimentos S.A.
General Mills, Inc.
Georgalos Hermanos S.A.I.C.A.
Grupo Arcor S.A.
Grupo Bimbo, S.A.B. de C.V.
Grupo CRM Industria e Comercio de Alimentos Ltda.
Grupo Nutresa S.A.
Helados Sarita, S.A.
Ibac Industria Brasileira De Alimentos E Chocolate Ltda.
ICB S.A.
Industria De Alimentos Trendy S.A.
Iracema Industria e Comercio de Castanha de Caju Ltda
Kellanova
La Dolce S.R.L.
M Dias Branco SA Industria & Comercio de Alimentos
Marilan Alimentos S.A.
Mars, Incorporated
Mondelez International Inc.
Montes y Cia., S.A. de C.V.
Nestle S.A.
Pandurata Alimentos Ltda
PepsiCo, Inc.
Perfetti Van Melle Group
Productos Alimenticios Diana, S.A. de C.V.
Sanchez Cano S.A.
Sorvetes Jundia Industria e Comercio Ltda
The Hershey Company
Unilever PLC