The South America Confectionery Market report segments the industry into Confections (Chocolate, Gums, Snack Bar, Sugar Confectionery), Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and Country (Argentina, Brazil, Rest of South America). Get five years of historical data and five-year market forecasts.

The Latin America confectionery market is being aided by the growing Brazil retail confectionery market, which stood at a value of USD 8.16 Billion in 2024. The market is expected to grow at a CAGR of 1.50% in the forecast period of 2025-2034 reaching a value of USD 9.47 Billion by 2034.

The revenue in the 'Chocolate Confectionery' segment of the food market in Latin America was forecast to continuously increase between 2025 and 2030 by in total ************* U.S. dollars (+**** percent). After the tenth consecutive increasing year, the revenue is estimated to reach ***** billion U.S. dollars and therefore a new peak in 2030. Find more key insights for the revenue in countries and regions like the price per unit in the 'Confectionery' segment of the food market in the world and the average revenue per capita in the 'Vegetables' segment of the food market in Italy.The Statista Market Insights cover a broad range of additional markets.

South America Confectionery Market size was valued at USD 12.65 Billion in 2024 and is projected to reach USD 20.24 Billion by 2032, growing at a CAGR of 6.00% from 2026 to 2032.

Key Market Drivers:

Consumer Demand for Premium Products: An increasing preference for high-quality and artisanal confectionery items is being observed among consumers. The market is anticipated to benefit from the expansion of luxury chocolates, organic sweets, and limited-edition offerings. In Brazil, for instance, 76% of consumers are willing to pay more for high-quality/premium snacks, including organic chocolates and vegan chocolates.

Health-Conscious Consumption: A shift toward sugar-free, functional, and plant-based confectionery is being witnessed due to rising health awareness. Demand for natural ingredients and reduced-calorie options is expected to drive innovation in product formulations. In Brazil, 46% of sugar-free and reduced-sugar food products were labelled as 'Zero sugar', and 55% as 'light' in 2021.

The Latin American chocolate and confectionery market rose slightly to $25.7B in 2024, increasing by 2.1% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2024 and is expected to retain growth in the near future.

In Latin America Confectionery Market, It is expected to continue its growth trajectory, driven by factors such as innovation, changing consumer preferences, and the increasing demand for healthier options.

In 2023, the market revenue of chocolate confectionery in Latin America and the Caribbean amounted to 8.82 billion U.S. dollars. The market was expected to grow annually by 5.32 percent (CAGR 2024-2028).

The South America Confectionery Market size was valued at USD 12000 Million in 2023 and is projected to reach USD 20300 Million by 2032, exhibiting a CAGR of 5.45 % during the forecast periods.The South America confectionery market is an exciting industry with vast and varied offerings: chocolates, candies, and gum. Some of the characteristics are diversity in product categories, addressing regional tastes and various applications from daily use to festive and gifting occasions. This section explains technological advancements in process and packaging of confectionaries, enhancing the quality of the product and increasing efficiency. Its market effect expresses itself in a growth trend toward premium and health-oriented options due to changes in consumer preference. This sector holds advantages associated with strong regional demand and increasing innovation, which acts as the driving force toward market growth and diversification. On the whole, the South American market benefits from its ability to capture consumer trends and has high product development potential. Recent developments include: July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.April 2023: Under the ONE brand, The Hershey Company launched the Peanut Butter & Jelly Flavored Protein Bar. The ONE Limited Edition Peanut Butter & Jelly flavored bars are packed with 20 g of protein, 1 g of sugar, and the familiar taste of peanut butter and strawberry jelly flavors.January 2023: The Hershey Company launched caffeinated protein bars. The range is available in two flavors, which include Vanilla Latte and Caramel Macchiato.. Key drivers for this market are: Increasing demand for meat alternatives. Potential restraints include: Presence of numerous alternatives in the plant proteins. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

South America's Chocolate Market is anticipated to grow at an 8.64% CAGR. Increasing health awareness supports market growth in the region.

Learn about the increasing demand for chocolate and confectionery in Latin America and the Caribbean, with market consumption expected to rise over the next decade. The article discusses market performance, projected growth rates, and the anticipated market volume and value by the end of 2035.

The South American confectionery market presents a lucrative opportunity, driven by rising disposable incomes, increasing urbanization, and a growing preference for convenient and indulgent snacks. The market, encompassing chocolate, gums, snack bars, and sugar confectionery, is experiencing robust growth, fueled by the popularity of diverse product offerings catering to evolving consumer tastes. While precise figures for market size and CAGR are not provided, a reasonable estimate based on comparable markets and growth trends in the food and beverage sector suggests a substantial market value, potentially exceeding several billion dollars in 2025, with a CAGR in the low-to-mid single digits over the forecast period (2025-2033). This growth is further supported by the expanding distribution network, including the rise of online retail channels complementing established supermarket and convenience store presences. However, challenges remain; fluctuations in raw material prices, economic instability in certain regions, and increasing health consciousness among consumers could act as potential restraints on market expansion. The segmentation by confectionery variant (dark, milk, and white chocolate), gum type (bubble, chewing, sugar-free), and snack bar category (cereal, fruit & nut, protein) allows for a nuanced understanding of consumer preferences and emerging trends within the market. Specific growth within segments is likely to be driven by increasing demand for healthier options, such as sugar-free chewing gum and protein bars, alongside the continued popularity of traditional favorites like chocolate and hard candies. The competitive landscape is shaped by a mix of multinational giants like Nestlé, Mars, and Mondelēz, alongside significant regional players like Arcor and Colombina. These companies are continuously innovating with new product launches and marketing strategies to maintain a strong foothold in a dynamic and competitive environment. Brazil, Argentina, and Colombia are expected to be the largest contributors to the overall market size due to their higher population density and stronger economic growth compared to other South American nations. Future projections indicate continued expansion, driven by factors such as the introduction of innovative flavors, improved packaging, and targeted marketing campaigns aimed at capturing different consumer segments. Recent developments include: July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.April 2023: Under the ONE brand, The Hershey Company launched the Peanut Butter & Jelly Flavored Protein Bar. The ONE Limited Edition Peanut Butter & Jelly flavored bars are packed with 20 g of protein, 1 g of sugar, and the familiar taste of peanut butter and strawberry jelly flavors.January 2023: The Hershey Company launched caffeinated protein bars. The range is available in two flavors, which include Vanilla Latte and Caramel Macchiato.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

For the third year in a row, the Latin American confectionery market recorded growth in sales value, which increased by 2% to $30.6B in 2024. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2024; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked in 2024 and is likely to see steady growth in the near future.

Learn about the increasing demand for candies, sweets, and nonchocolate confectionery in Latin America and the Caribbean, driving the market to continue an upward trend over the next decade.

In Latin America Sugar Free Confectionery Market , was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029,

The revenue in the 'Confectionery & Snacks' segment of the food market in Latin America was forecast to continuously increase between 2025 and 2030 by in total 22.7 billion U.S. dollars (+31.63 percent). After the tenth consecutive increasing year, the revenue is estimated to reach 94.46 billion U.S. dollars and therefore a new peak in 2030. Find further information concerning the average volume per capita in the 'Milk Substitutes' segment of the food market in Germany and the average volume per capita in the 'Meat Substitutes' segment of the food market in the United States. The Statista Market Insights cover a broad range of additional markets.

South America Confectionery comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

Discover the latest market trends for chocolate and confectionery in Latin America and the Caribbean, with forecasts predicting continued growth in consumption over the next decade.

The South American chocolate market presents a dynamic landscape with significant growth potential. Driven by rising disposable incomes, increasing urbanization, and a growing preference for premium and artisanal chocolate, the market is experiencing robust expansion. While precise figures for market size and CAGR aren't provided, we can infer substantial growth based on global trends. The region's diverse consumer base, ranging from budget-conscious consumers to those seeking high-end experiences, creates opportunities for both mass-market and niche chocolate brands. Brazil, Argentina, and other major economies within South America are key contributors to market growth, fueled by strong domestic production and a high demand for diverse confectionery variants, including milk, dark, and white chocolate. The distribution channel is diversified, encompassing supermarkets, hypermarkets, convenience stores, and the increasingly important online retail segment. However, challenges remain, including economic volatility in certain regions and the need to navigate fluctuations in cocoa prices. Furthermore, competition from both established multinational companies like Nestlé and Hershey and burgeoning local brands necessitates strategic innovation and strong brand building to maintain a competitive edge. The future of the South American chocolate market appears promising, with significant potential for sustained growth driven by rising consumer spending and evolving tastes. Looking ahead, the South American chocolate market is poised for further expansion. The burgeoning middle class, coupled with the increasing influence of international food trends, is driving demand for innovative flavors and product formats. The growing popularity of healthier chocolate options, such as dark chocolate with higher cacao content, and the rise of ethically sourced and sustainable chocolate will further shape the market. Successful players will be those that can adapt to changing consumer preferences, leverage e-commerce platforms effectively, and establish strong distribution networks across the diverse geographies of South America. The continued expansion of the middle class, increasing tourism, and the growing adoption of online shopping will be key drivers of growth within the next decade. While challenges exist, the opportunities presented by the South American chocolate market are substantial, making it an attractive space for both established and emerging players. Recent developments include: July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.December 2022: Mars Incorporated launched Snickers Caramelo & Bacon limited edition chocolate bars in Brazil.November 2022: Nestlé announced the establishment of a new Research & Development (R&D) Center for Latin America. The inauguration of the new center was in Santiago, Chile. This center will enable the development of tasty, nutritious, affordable, and sustainable products that are highly relevant to local consumers. The center will also strengthen the company's collaborations with universities, start-ups, and entrepreneurs across Latin America.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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Chocolate Confectionery Market Size 2024-2028

The chocolate confectionery market size is forecast to increase by USD 31 billion at a CAGR of 4.36% between 2023 and 2028.

The market is experiencing significant growth, driven by the frequent product launches and packaging innovations in the industry. Consumers' increasing preference for premium and artisanal chocolate products, coupled with the expanding retail presence of these offerings, is fueling market expansion. However, the market faces challenges, including the rise in the number of product recalls due to contamination issues. These incidents can negatively impact brand reputation and consumer trust, necessitating stringent quality control measures. To capitalize on market opportunities and navigate challenges effectively, companies must prioritize product safety, invest in research and development for innovative offerings, and adopt sustainable and ethical sourcing practices. By staying abreast of consumer trends and market dynamics, chocolate confectionery players can position themselves for long-term success in this dynamic and competitive market.

What will be the Size of the Chocolate Confectionery Market during the forecast period?

Request Free SampleThe market experiences growth, fueled by consumers' enduring affection for premium quality chocolate products. Global chocolate consumption continues to rise, driven by the popularity of both mainstream and luxury indulgence offerings. Premium confectionery products, including milk mousse and creamy caramel, capture a significant market share due to their rich sensorial appeal. Health-conscious consumers seek out chocolate with label claims such as organic, sustainably sourced, and dark chocolate varieties, reflecting the trend towards healthy eating lifestyles. Exotic spices, floral notes, unexpected textures, and rare cocoa varieties add to the market's dynamic nature, catering to the diverse tastes of chocolate lovers. Artisanal chocolates, with their distinct flavor combinations, further expand the market landscape, offering a unique and luxurious experience.

How is this Chocolate Confectionery Industry segmented?

The chocolate confectionery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. ProductChocolate barsBoxed assortments and seasonal variantsOthersDistribution ChannelOfflineOnlineGeographyEuropeGermanyUKNorth AmericaUSAPACChinaIndiaSouth AmericaMiddle East and Africa

By Product Insights

The chocolate bars segment is estimated to witness significant growth during the forecast period.The market is expected to grow steadily, with chocolate bars remaining the largest segment in 2023 and beyond. This segment includes countlines and molded bars. Countlines consist of individually wrapped, chocolate-coated bars, while molded bars are small chocolate pieces cut from larger blocks. Major brands such as Snickers, Milky Bar, Milka, Galaxy, 5 Star, Dove, and Cadbury Dairy Milk dominate the chocolate bars market. Innovative chocolate flavors and textures, as well as attractive packaging, are key growth drivers. Consumer preferences for premium quality products, including dark chocolate confectionery with health benefits, are influencing market trends. Peanut butter, milk mousse, creamy caramel, and other gourmet flavors are gaining popularity. Healthy eating lifestyles have led to the demand for sugar reduction, low-calorie, and sugar-free chocolate snacks. Premium chocolate brands, artisanal chocolates, and organic and sustainably sourced chocolate are also on the rise. Consumer packs, added sugar content, and seasonal treats are other market trends. Consumers' preferences for high-quality, gourmet chocolate products, visual appeal, and innovative varieties continue to shape the market.

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The Chocolate bars segment was valued at USD 50.50 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 33% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is driven by the demand for premium quality products, particularly in the UK, Germany, France, Switzerland, Italy, Russia, the Netherlands, Poland, Belgium, and Spain. Major players in this market include Mars, Mondelez International, Barry Callebaut, Nestle, Ferrero, and Chocoladefabriken Lindt and Sprungli AG. The market is highly competitive, with a variety of offerings from both regional

Candy Market Outlook

The global candy market size was valued at approximately USD 231 billion in 2023 and is projected to reach USD 345 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period. This growth is fueled by evolving consumer preferences and increasing demand for innovative flavors and healthier candy options. Rising disposable incomes, coupled with a growing inclination towards indulgence and premium confectionery products, are significant factors driving the market. Additionally, the diversification of product offerings and strategic marketing campaigns by candy manufacturers have contributed to the market's expansion.

One of the primary growth factors for the candy market is the increasing consumer desire for premium and artisanal candy products. This trend is especially prevalent among millennials and Gen Z, who are willing to spend more on unique and high-quality treats. The introduction of novel flavors, natural ingredients, and organic options has further fueled this demand. Additionally, the rise of social media platforms has amplified the visibility and appeal of aesthetically pleasing and Instagram-worthy candy products, thereby attracting a broader consumer base. Manufacturers are also focusing on creating limited edition and seasonal flavors to entice consumers and generate buzz around their brand.

Another significant growth driver is the increasing awareness and demand for healthier candy alternatives. Consumers are becoming more health-conscious and are seeking options that align with their dietary restrictions and lifestyle choices. This has led to a surge in demand for sugar-free, low-calorie, and natural ingredient-based candies. In response, manufacturers are investing in research and development to create products that cater to this segment without compromising on taste and quality. The use of alternative sweeteners such as stevia and monk fruit, along with the incorporation of functional ingredients like vitamins and minerals, has gained traction in the market.

The expansion of online retail channels has also played a crucial role in the growth of the candy market. With the increasing penetration of the internet and the convenience of online shopping, consumers are now able to access a wide variety of candy products from around the world. E-commerce platforms offer an extensive selection, competitive pricing, and doorstep delivery, making it easier for consumers to experiment with new brands and flavors. This shift towards online shopping is especially significant in regions with a high internet penetration rate, such as North America and Europe. As a result, online retail is expected to continue driving growth in the candy market.

The concept of a Confectionery Mix has gained traction as consumers increasingly seek variety and personalization in their candy choices. This trend is driven by the desire to experience multiple flavors and textures in a single package, offering a unique and customizable treat. Confectionery Mixes often include a combination of chocolates, gummies, and hard candies, catering to diverse taste preferences. Manufacturers are capitalizing on this trend by creating themed mixes for holidays and special occasions, enhancing the appeal of these products. The versatility of Confectionery Mixes allows for creative marketing strategies, such as limited edition releases and collaborations with popular brands, further driving consumer interest.

Regionally, the Asia Pacific is anticipated to exhibit the highest growth rate in the candy market during the forecast period. The region's large population, rising disposable incomes, and increasing urbanization are key factors contributing to this growth. Additionally, the cultural significance of sweets in various Asian countries during festivals and celebrations has bolstered demand. North America and Europe are also significant markets for candy, with established distribution networks and a high consumption rate. However, the Middle East & Africa and Latin America are emerging as potential markets due to changing consumer preferences and lifestyle shifts.

Product Type Analysis

The candy market is segmented into various product types, including chocolate candy, sugar candy, gum candy, and others. Chocolate candy holds a significant share of the market, driven by its widespread popularity and diverse range of offerings. The indulgent nature of chocolate, along with its association with luxury and