According to the latest estimates, the confectionery market in Latin America is set to achieve an incremental growth of USD 18.5 billion, accelerating at a CAGR of almost 7.1% during the forecast period 2024-2029. In Latin America, the confectionery market is driven by an increasing preference for indulgent snacks among younger consumers. Growing urbanization and rising disposable incomes are contributing to higher demand for both traditional and premium confectionery. The market is also witnessing increased interest in locally sourced and artisanal products.
The report provides a comprehensive analysis of the Latin America confectionery industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as product type, packaging type, distribution channel, and country. The insights gained from this evaluation help reveal the growth potential within the confectionery sector.
Market Segmentation
The segmentation of the confectionery market in Latin America is outlined below:
Product type: chocolate, gums, sugar confectionery
Packaging type: flexible packaging, folding cartons, rigid plastic, metal, others
Distribution channel: convenience stores, forecourts, supermarkets and hypermarkets, discounters, warehouse clubs, specialized stores, small grocery stores, foodservice channels, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others
The Latin America confectionery market is segmented on the basis of product type, packaging type, distribution channel, and country. Based on product type, the confectionery market in Latin America is categorized into chocolate, gums, and sugar confectionery. On the basis of packaging type, the confectionery market in Latin America has been segmented into flexible packaging, folding cartons, rigid plastic, metal, and others. By distribution channel, the confectionery market in Latin America has been segmented into convenience stores, forecourts, supermarkets and hypermarkets, discounters, warehouse clubs, specialized stores, small grocery stores, foodservice channels, e-commerce, and others. In terms of geography, the confectionery market in Latin America has been also segmented into Argentina, Brazil, Chile, Colombia, Mexico, and others.
Competitive Landscape
The Latin America confectionery market is highly competitive. Top players covered in Latin America Confectionery Market Study are The Hershey Company, Sanchez Cano S.A., Perfetti Van Melle Group, PepsiCo Inc., Nestle S.A., Montes y Cia. S.A. de C.V., Mondelez International Inc., Mars Incorporated, La Dolce S.R.L., Ibac Industria Brasileira De Alimentos E Chocolate Ltda., Grupo Nutresa S.A., Grupo CRM Industria e Comercio de Alimentos Ltda., Grupo Arcor S.A., Florestal Alimentos S.A., Ferrero International S.A., Empresas Carozzi S.A., Dulces y Chocolates de la Rosa S.A. de C.V., Dori Alimentos S.A., Colombina SA, Chocoladefabriken Lindt & Sprungli AG, Canel’s S.A. de C.V., C.I. Super De Alimentos S.A.
The report offers a comprehensive review of the Latin America confectionery market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.
Why Buy This Report?
Obtain precise statistical data and forecasts for the Latin America confectionery market.
Gain deep insights into the dynamics of the Latin America confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
Table of Contents
TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewLatin America confectionery market – product type analysis
Latin America confectionery market – packaging type analysis
Latin America confectionery market – distribution channel analysis
Latin America confectionery market – country analysis
Key players and market share
– The Hershey Company
– Sanchez Cano S.A.
– Perfetti Van Melle Group
– PepsiCo, Inc.
– Nestle S.A.
…
Macroeconomic data and forecast
Disclaimer
FIGURES AND TABLES
Table Latin America confectionery market 2019-2029
Chart Latin America confectionery market, net growth, 2019-2029
Chart Latin America confectionery market, growth rates, 2019-2029
Table Latin America confectionery market by product type, 2019-2029
Chart Latin America confectionery market by product type, CAGR historic and forecast, 2019-2029
Chart Latin America confectionery market by product type, 2019-2029
Table Latin America confectionery market by packaging type, 2019-2029
Chart Latin America confectionery market by packaging type, CAGR historic and forecast, 2019-2029
Chart Latin America confectionery market by packaging type, 2019-2029
Table Latin America confectionery market by distribution channel, 2019-2029
Chart Latin America confectionery market by distribution channel, CAGR historic and forecast, 2019-2029
Chart Latin America confectionery market by distribution channel, 2019-2029
Table Latin America confectionery market by country, 2019-2029
Chart Latin America confectionery market by country, CAGR historic and forecast, 2019-2029
Chart Latin America confectionery market by country, 2019-2029
Table Latin America confectionery market share (%), by companies, 2019-2023
Chart Latin America confectionery market, by companies, 2023
Table Latin America confectionery market share (%), by brands, 2019-2023
Chart Latin America 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 confectionery market: spend as a proportion of GDP (%)
Table Latin America confectionery market: consumption per capita (population)