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Latin America- The next sweet tooth destination - Bonafide Research
Featured Companies
1. Lindt & Sprungli Group
2. Lotte Confectionery Co., Limited
3. Mars Incorporated
4. Nestle SA
5. Kellogg Company
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The report titled "Latin America Chocolate Market By Value, By Segment (Milk Chocolate, Dark Chocolate, White Chocolate), By Application (Everyday, Premium, Gourmet, Seasonal/Gift), By Country (Brazil, Argentina, Chile, Etc), By Sales Channel (Supermarket/ Hypermarket, Convenient Stores, Online), (Trends & Forecast), Outlook, 2025" gives a detailed insight of the South America's chocolate market with the historical and forecasted analysis of the forms of chocolates and the segments proposed in the report. The region's market is been drive due to market advancement in products and packaging, impulse buying behavior, increase in chocolate utilization and evidential knowledge about the benefits of chocolate. The fruit and nuts variant is picking its pace in the market as the customers are searching for new taste encounters. The buyers in Latin America are showing a keen interest in the premium chocolate items for which the marketers are trying to re-strategize their brand positioning and other promotions. Latin America's chocolate market has grown broadly with CAGR of above 7.5% until 2019, positioning itself as the fourth-largest market. Brazil, which is also considered to be among the largest producer of chocolate globally, accounts to the majority sales in South America. The preference has gradually shifted towards the dark chocolates that consist of healthier ingredients. The dark chocolates are positioned in the premium segment, which will let the segment to grow with a CAGR of above 11% in the forecasted period. The quick availability of the products at supermarkets and hypermarkets hold high sales share due to easy access and attractive display. The online stores have a wide range of chocolate brands products with heavy discounts as well. This makes it easier for the customers to compare and shop their preferred brand within a matter of few clicks. Major companies present in the market Ferrero SPA, Group Arcor, Theo Chocolate, Kellogg Company, Cacau show, La Maison du Chocolat, Lindt and Sprüngli AG, Mars Incorporated, Mondelez International, Hershey Company, Nestle S.A, Thorntons, Patchi, Barry Callebaut, Godiva choclatier, Stella Bernrain, Confiserie Leonidas, Lotte Confectionery, Neuhaus, Belgium, Brookside Chocolates Considered in this report • Geography: South America • Base year: 2019 • Estimated year: 2020 • Forecast year: 2025 Aspects covered in this report • Latin America chocolate market with its value and forecast along with its segments • Country-wise chocolate market analysis • Various divers and challenges • Ongoing trends and developments • Five force models • Top profiled companies • Strategic recommendation Countries covered • Brazil • Argentina • Chile • Rest of South America Types of chocolates in the report • Milk chocolate • Dark chocolate • White chocolate Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chocolate industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
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