10% Free customizationChocolate needs no introduction. It is a food product made from roasted and ground cacao pods that is available as a liquid, solid or paste, on its own or as a flavoring agent in other foods. Chocolate is a rich source of fiber and antioxidant. Chocolate can be milk chocolate, dark chocolate or white chocolate. Milk chocolate contains 2.1gms of fiber as compared to 10gms in dark chocolate per 100gms. Dark chocolate contains 29gms sugar whereas milk chocolate contains 56gms sugar per 100gm. The more the cocoa content, the healthier the chocolate is. Dark chocolate decrease our risk of heart disease, lower blood pressure, improve glucose metabolism and provide cognitive benefits. Health is the major driving force of consumers towards dark chocolate, although it has a bitter taste due to low sugar content.
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The report titled 'Latin America Chocolate Market Outlook, 2026' shows a detailed overview into the Chocolate industry in Latin America. Chocolate is a delight in its every bite. It is loved by the consumers, irrespective of their age, but most commonly by youngsters. Nowadays Chocolate, as a medium is used to display emotions, like love, respect, friendship. With the advent of new flavors, textures, tastes, traditional sweets are being replaced by chocolates.
Latin America chocolate market will pose a strong growth and cross the CAGR of more than 7% by 2026. Brazil has almost 50% of the market capture in this region. It is believed the cocoa beans grew on trees on sloped of Andes Mountains in this region some 100 million years ago. Ecuador in Latin America is home to world’s best chocolates. Branding and packaging play a pivotal role in targeting consumers. The increasing demand for ethically harvested cocoa and cocoa sourced from a single plantation is driving the growth of the premium chocolate segment. Annual holidays like Christmas, Easter, Halloween and Valentine’s Day among others are the days when there is a steep rise in demand for chocolates.
Consumer's increase in disposable income is a major driving force for the chocolate market. Chocolate consumption is highly influenced by occasion and type like white chocolate or milk chocolate or dark chocolate. Growing health concerns have impacted the market to shift its dominance from milk chocolate gradually towards dark chocolates.
Major Companies present in the marketFerrero SPA, Group Arcor, Theo Chocolate, Kelloggg Company, Cacau show, La Maison du Chocolat, Ezaki Glico Co, Meiji Holdings Co. Ltd, Lindt and Sprüngli AG, Mars Incorporated, Mondelez International, Morinaga & Co. Ltd, Hershey Company, Nestle S.A, Thorntons, Patchi, August Storck KG, Barry Callebaut, Godiva choclatier, Stella Bernrain Blommer Chocolates Company, Confiserie Leonidas, Mary’s Chocolate, Lotte Confectionery, United Confectionery manufacturers, Cemoi Group, France Neuhaus, Belgium, Brookside Chocolates
Considered in this report
- Geography: Latin America
- Base year: 2020
- Estimated year: 2021
- Forecast year: 2026
Aspects covered in this report
- Latin America chocolate market with its value and forecast along with its segments
- Region-wise chocolate market analysis
- Various divers and challenges
- Ongoing trends and developments
- Five force models
- Top profiled companies
- Strategic recommendation
Regions covered in the report
Types of chocolates in the report
- Milk chocolate
- Dark chocolate
- White chocolate
The approach of the report:This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
Intended audienceThis 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.
This report would help you answer the following questions:
- What is the market size and forecast of the Latin America Chocolate Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Latin America Chocolate Market during the forecast period?
- Which region outstands in the Latin America Chocolate Market?
- Which are the segments to invest in over the forecast period in the Latin America Chocolate Market?
- What is the competitive strategic window for opportunities in the Latin America Chocolate Market?
- What are the technology trends and regulatory frameworks in the Latin America Chocolate Market?
- What are the major companies in the Latin America Chocolate Market?
Table of Contents1. Executive Summary
2. Report Methodology
3. Market Structure
3.1. Market Considerate
4. Global Chocolate Market Outlook
4.1. Market Size by Value
4.2. Market Share
4.2.1. By Type
4.2.2. By Application
4.2.3. By Sales Channel
4.2.4. By Region
4.2.5. By Country
4.2.6. By Company
5. Global Dark Chocolate Market Outlook
6. Global White Chocolate Market Outlook
7. Global Milk Chocolate Market Outlook
8. Latin America Chocolate Market Outlook
8.1. Market Size by Value
8.2. Market Share
8.2.1. By Type
8.2.2. By Application
8.2.3. By Sales Channel
8.2.4. By Country
8.3. Brazil Chocolate Market Outlook
8.3.1. Market Size by Value
8.3.2. Market Share
220.127.116.11. By Type
18.104.22.168. By Application
8.4. Argentina Chocolate Market Outlook
8.4.1. Market Size by Value
8.4.2. Market Share
22.214.171.124. By Type
126.96.36.199. By Application
8.5. Chile Chocolate Market Outlook
8.5.1. Market Size by Value
8.5.2. Market Share
188.8.131.52. By Type
184.108.40.206. By Application
9. Market Dynamics
9.1. Key Drivers
9.2. Key Challenges
10. Market Trends and Developments
11. Company Profiles
11.1. Barry Callebaut
11.2. Ezaki Glico Co. Ltd
11.4. Godiva Chocolatier, Inc.
11.5. Lindt & Sprungli AG
11.6. Lotte Confectionery
11.7. Mars Wrignery
11.8. Meiji Holdings Co. Ltd
11.9. Mondelēz International
11.10. Nestle S.A
11.11. The Hershey Company
12. Strategic Recommendations
List of Figures
Figure 1: Global Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 2: Global Chocolate Market Share By Type (2015, 2020 & 2026F)
Figure 3: Global Dark Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 4: Global White Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 5: Global Milk Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 6: Latin America Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 7: Latin America Chocolate Market Share By Type (2015, 2020 & 2026F)
Figure 8: Brazil Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 9: Brazil Chocolate Market Share By Type (2015, 2020 & 2026F)
Figure 10: Argentina Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 11: Argentina Chocolate Market Share By Type (2015, 2020 & 2026F)
Figure 12: Chile Chocolate Market Size - By Value 2015 to 2026F (In USD Billion)
Figure 13: Chile Chocolate Market Share By Type (2015, 2020 & 2026F)List of Tables
Table 1: Global Chocolate Market Share By Application (2015, 2020 & 2026F)
Table 2: Global Chocolate Market Share by Sales Channel (2015, 2020 & 2026F)
Table 3: Global Chocolate Market Share by Region (2015, 2020 & 2026F)
Table 4: Global Confectionery MarketSize by Country (2015, 2020 & 2026F)
Table 5: Global Chocolate Market Share by Company (2020)
Table 6: Latin America Chocolate Market Share By Application (2015, 2020 & 2026F)
Table 7: Latin America Chocolate Market Share by Sales Channel (2015, 2020 & 2026F)
Table 8: Latin America Chocolate Market Share By Value By Country (2015, 2020 & 2026F)
Table 9: Brazil Chocolate Market Share By Application (2015, 2020 & 2026F)
Table 10: Argentina Chocolate Market Share By Application (2015, 2020 & 2026F)
Table 11: Chile Chocolate Market Share By Application (2015, 2020 & 2026F)
Table 12: Key Facts of Barry Callebaut
Table 13: Key Facts of Ezaki Glico Co. Ltd
Table 14: Key Facts of Ferrero
Table 15: Key Facts of Godiva Chocolatier, Inc.
Table 16: Key Facts of Lindt & Sprungli AG
Table 17: Key Facts of Lotte Confectionery
Table 18: Key Facts of Mars Wrignery
Table 19: Key Facts of Meiji Holdings Co. Ltd
Table 20: Key Facts of Mondelēz International
Table 21: Key Facts of Nestle S.A
Table 22: Key Facts of The Hershey Company
A selection of companies mentioned in this report includes:
- Barry Callebaut
- Ezaki Glico Co. Ltd
- Godiva Chocolatier, Inc.
- Lindt & Sprungli AG
- Lotte Confectionery
- Mars Wrignery
- Meiji Holdings Co. Ltd
- Mondelēz International
- Nestle S.A
- The Hershey Company