Insights reveal that the Latin America chocolate confectionery market is set for a healthy expansion, with an anticipated growth of USD 7.5 billion, corresponding to a compound annual growth rate (CAGR) of nearly 7.5% from 2024 to 2029. In Latin America, the chocolate confectionery market is driven by the region’s robust cocoa production and the rising consumption of processed chocolate products. Increasing urbanization and a growing middle-class population are enhancing consumer spending on premium and imported chocolates. The trend toward healthier options, including dark and low-sugar chocolates, is gaining traction, reflecting evolving consumer preferences.
This report provides a thorough assessment of the Latin America chocolate confectionery industry, presenting key market data including historical performance, growth trends, and future outlooks. It delves into various market segments and sub-segments, with a focus on important factors like product type, type, distribution channel and country. Through this detailed assessment, the report helps uncover the growth potential of the chocolate confectionery industry.
Market Segmentation
The Latin America chocolate confectionery market is categorized into the following segments:
Product type: boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, seasonal chocolates, others
Type: regular, sugar-free
Distribution channel: beauty and personal care stores, department stores, direct selling, discounters, e-commerce, grocery stores, pharmacies, supermarkets and hypermarkets, warehouse clubs, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
The chocolate confectionery market in Latin America is segmented across product type, type, distribution channel and country. The market is classified by product type into boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, seasonal chocolates, and others. Type categories include regular, and sugar-free. Distribution channel segmentation comprises beauty and personal care stores, department stores, direct selling, discounters, e-commerce, grocery stores, pharmacies, supermarkets and hypermarkets, warehouse clubs, and others. Geographically, the market spans Argentina, Brazil, Chile, Colombia, Mexico and others.
Competitive Landscape
The competitive landscape of the chocolate confectionery industry has been thoroughly analyzed, highlighting key players such as Vonpar Alimentos S.A., Universal Sweet Industries S.A., The Hershey Company, Nestle S.A., Mondelez International Inc., Mars Incorporated, Luigi Zaini S.p.A., La Delicia Felipe Fort S.A., Ibac Industria Brasileira De Alimentos E Chocolate Ltda., Grupo Nutresa S.A., Grupo CRM Industria e Comercio de Alimentos Ltda., Grupo Arcor S.A., Georgalos Hermanos S.A.I.C.A., Ferrero International S.A., Fabrica Granada SA, Empresas Carozzi S.A., Dulces y Chocolates de la Rosa S.A. de C.V., Cooperativa de Productores de Leche Dos Pinos R.L., Colombina SA and Chocoladefabriken Lindt & Sprungli AG.
This comprehensive report analyzes the performance of leading companies in the chocolate confectionery sector from 2019 to 2023. The findings highlight shifts in market share, revealing both established market leaders and emerging competitors.
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Gain deep insights into the dynamics of the Latin America chocolate confectionery market.
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Anticipate the future trajectory of the Latin America chocolate confectionery market with informed projections.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Latin America Chocolate Confectionery Market – Product Type Analysis
Latin America Chocolate Confectionery Market – Type Analysis
Latin America Chocolate Confectionery Market – Distribution Channel Analysis
Latin America Chocolate Confectionery Market – Country Analysis
Key Players and Market Share
– Vonpar Alimentos S.A.
– Universal Sweet Industries S.A.
– The Hershey Company
– Nestle S.A.
– Mondelez International Inc.
– Mars, Incorporated
– Luigi Zaini S.p.A.
– La Delicia Felipe Fort S.A.
– Ibac Industria Brasileira De Alimentos E Chocolate Ltda.
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Latin America Chocolate Confectionery Market 2019-2029
Chart Latin America Chocolate Confectionery Market, Net Growth, 2019-2029
Chart Latin America Chocolate Confectionery Market, Growth Rates, 2019-2029
Table Latin America Chocolate Confectionery Market by Product Type, 2019-2029
Chart Latin America Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart Latin America Chocolate Confectionery Market by Product Type, 2019-2029
Table Latin America Chocolate Confectionery Market by Type, 2019-2029
Chart Latin America Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart Latin America Chocolate Confectionery Market by Type, 2019-2029
Table Latin America Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart Latin America Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Latin America Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table Latin America Chocolate Confectionery Market by Country, 2019-2029
Chart Latin America Chocolate Confectionery Market by Country, CAGR Historic and Forecast, 2019-2029
Chart Latin America Chocolate Confectionery Market by Country, 2019-2029
Table Latin America Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart Latin America Chocolate Confectionery Market, by Companies, 2023
Table Latin America Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart Latin America Chocolate Confectionery Market, by Brands, 2023
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 Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table Latin America Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
Vonpar Alimentos S.A.
Universal Sweet Industries S.A.
The Hershey Company
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Luigi Zaini S.p.A.
La Delicia Felipe Fort S.A.
Ibac Industria Brasileira De Alimentos E Chocolate Ltda.
Grupo Nutresa S.A.
Grupo CRM Industria e Comercio de Alimentos Ltda.
Grupo Arcor S.A.
Georgalos Hermanos S.A.I.C.A.
Ferrero International S.A.
Fabrica Granada, SA
Empresas Carozzi S.A.
Dulces y Chocolates de la Rosa S.A. de C.V.
Cooperativa de Productores de Leche Dos Pinos R.L.
Colombina SA
Chocoladefabriken Lindt & Sprungli AG