Opportunities in the Latin American Confectionery Sector: Analysis of Opportunities Offered by High Growth Economies

  • ID: 4394501
  • Report
  • Region: Latin America
  • 96 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • Arcor
  • Carozzi
  • Ferrero
  • Grupo Bimbo
  • Grupo Nutresa
  • Mars
  • MORE
Opportunities in the Latin American Confectionery Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Confectionery sector was valued at US$156.4 Billion in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195.8 Billion by 2021. With a value share of 29.6% in the global Confectionery sector in 2016, Western Europe represents the largest regional market, while Latin America accounted for a 6.7% share in 2016 and is forecast to grow at a CAGR of 2.4% during 2016-2021.

Latin American Confectionery sector is forecast to grow from US$10,428.7 Million in 2016 to US$11,722 Million in 2021, registering a CAGR of 2.4%. Chocolate is the largest market, followed by Sugar Confectionery and Gum. The Chocolate market was valued at US$6,017 Million in 2016, and Sugar Confectionery and Gum were valued at US$2,838.2 Million and US$1,573.5 Million respectively. Chocolate is also the fastest-growing market, with value sales expected to grow at a CAGR of 3.1% during 2016-2021.

Convenience Stores is the most popular channel for Confectionery in Latin America, accounting for 36.2% of the overall sales, followed by Hypermarkets & Supermarkets with a 29.1% share. Preference for Convenience stores among Brazilians is high in all the three markets in Confectionery while in Colombia, Chile, and Peru, Hypermarkets & Supermarkets have a higher value share compared to Convenience Stores.

Flexible Packaging is the most commonly used packaging material in the Latin American Confectionery sector with 69.4% market share (in packaging unit terms) in 2016, while Bag/Sachet is the most used pack type, accounting for 31% share in the same year. Film is the most commonly used packaging closure type, accounting for a 48.3% share in 2016, while Sleeve is the most commonly used packaging outer type accounting for a 48.4% share in the same year.

Overall Confectionery sector in the Latin American region is partly consolidated with the top five brands - Trident, Goroto, Lacta, Arcor, and Especialidades - accounting for 26.4% of the market value in 2016. Private labels accounted for only 0.7% share in the overall Latin American Confectionery sector in 2016.

The report "Opportunities in the Latin American Confectionery Sector" brings together multiple data sources to provide a comprehensive overview of the Latin American Confectionery sector.

In particular, this report provides the following analysis:
  • Market Overview: Includes sector size, market size and growth analysis by markets.
  • Change in Consumption: Provides a shift in the consumption of Confectionery by markets across different countries in the Latin American region.
  • High Potential Countries: Includes Risk-Reward analysis of six countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of six, a total of four high potential countries are shortlisted.
  • Health & Wellness Analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery in 2016. It also covers the market share of leading companies offering Confectionery with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in the Latin American region, besides analyzing the growth of private labels in the region.
  • Key Distribution Channels: Provides analysis on the leading distribution channels in the Latin American Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, “Dollar Stores” & Variety Stores, Vending Machines, and Others that include eRetailers, Cash & Carries & Warehouse Clubs, Drug stores & Pharmacies, and Other Retailers.
Companies mentioned in this report: The Hershey Company, Perfetti Van Melle, Nestle, Mondelez, Mars, Grupo Nutresa, Grupo Bimbo, Ferrero, Carozzi, Arcor.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Latin American Confectionery sector.

It includes analysis on the following:
  • Market overview: Includes sector size, market size and growth analysis by markets.
  • Change in consumption: Provides a shift in the consumption of Confectionery by markets across different countries in the Latin American region.
  • High potential countries: Includes Risk-Reward analysis of six countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of six, a total of four high potential countries are shortlisted.
  • Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery in 2016. It also covers the market share of leading companies offering Confectionery with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in the Latin American region, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the Latin American Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, “Dollar Stores” & Variety Stores, Vending Machines, and Others that include eRetailers, Cash & Carries & Warehouse Clubs, Drug stores & Pharmacies, and Other Retailers.
  • Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, pack types, closure and outer types based on the volume sales (by pack units) of Confectionery.
Reasons to buy
  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Arcor
  • Carozzi
  • Ferrero
  • Grupo Bimbo
  • Grupo Nutresa
  • Mars
  • MORE
1. Executive summary

2. Market size and growth analysis (Region analysis)
Market Size in Context -Latin America compared to other regions
Growth analysis by region
Growth Analysis by country

3. Identifying high potential countries in Latin America
High potential countries in Latin America
Identifying high potential countries -Methodology
Identifying high potential countries -Risk, reward, and opportunity analysis

4. Market size and growth analysis (High potential countries in Latin America)
High potential countries in Latin America -Overview
Growth Contribution Analysis by Country
Share of Confectionerycompared to other Food sectors
Change in consumption levels by country and markets
Per Capita Consumption and Expenditure analysis

5. Country Profiles (High potential countries in Latin America)
Chile
Colombia
Brazil
Peru

6. Success Stories

7. Company and Brand Analysis
Brand Share analysis in the Confectionerysector
Top companies in Latin American ConfectionerySector
Top brands in the Latin American ConfectionerySector
Private Label penetration in the Confectionerysector

9. Health & Wellness Analysis
Health & Wellness Analysis -Overview
Health & Wellness Analysis -Growth contribution by country
Health & Wellness Analysis -Key product attributes and consumer benefits
Leading Health & Wellness brands by market share

10. Key Distribution Channels
Leading Distribution Channels by countries
Leading Distribution Channels by categories

11. Key Packaging Formats
Growth analysis by key packaging material and container type
Growth analysis by closure type and outer type

12. Challenges and Future Outlook
Key Challenges
Future Outlook

13. Appendix

List of Tables
Regional comparison: Market size, growth, and per capita analysis, 2016-2021
Identifying high potential countries - Risk, reward, and opportunity analysis
High potential countries in Latin America - Overview
Value share of Confectionery sector as a proportion of overall food by country
Change in consumption by market within Confectionery (value terms), 2016-2021
Per Capita Consumption in Latin America and high potential countries, 2016
Per Capita Expenditure in Latin America and high potential countries, 2016
Chile Confectionery - Overview, % value share by market, 2016
Colombia Confectionery - Overview % value share by market, 2016
Brazil Confectionery - Overview % value share by market, 2016
Peru Confectionery - Overview % value share by market, 2016
Leading brands in the Latin American Confectionery Sector and Markets by value, 2016
Leading companies in the Latin American Confectionery Sector by value sales (US$ million), 2016
Leading Brands (including Private label) in the Latin American Confectionery Sector by value sales (US$ million), 2016
Private Label penetration in the Confectionery sector
Health & Wellness value and its share in overall sales, 2011-2021
Share of product attributes and consumer benefits in high potential countries Latin America, 2016
Leading Health & Wellness companies* with market share by Confectionery markets (2016)
Leading Distribution Channels in the Latin American region by countries, 2016
Leading Distribution Channels in the Latin American region by categories, 2016

List of Figures
Annual value growth analysis by region (2016-2021)
Annual volume growth analysis by region (2016-2021)
Value and volume growth analysis by country (2016-2021)
Country level contribution to the growth of Chocolate Market in the Latin American region, 2016-2021
Country level contribution to the growth of Gum Market in the Latin American region, 2016-2021
Country level contribution to the growth of Sugar Confectionery Market in the Latin American region, 2016-2021
Chile Confectionery - Demographic Analysis
Colombia Confectionery - Demographic Analysis
Brazil Confectionery - Demographic Analysis
Peru Confectionery- Demographic Analysis
Country level contribution to the growth of H&W Market in the Latin American region, 2016-2021
Key packaging material volume (units) share, 2016
Unit volume growth by packaging material (2011-2021)
Key container type volume (units) share, 2016
Unit volume growth by container type (2011-2021)
Key closure type volume (units) share, 2016
Unit volume growth by closure type(2011-2021)
Key outers volume (units) share, 2016
Unit volume growth by outers (2011-2021)
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • The Hershey Company
  • Perfetti Van Melle
  • Nestle
  • Mondelez
  • Mars
  • Grupo Nutresa
  • Grupo Bimbo
  • Ferrero
  • Carozzi
  • Arcor
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll