South America Cookies Market Outlook, 2027

South America Cookies Market Outlook, 2027

The market for cookies in South America is primarily driven by their accessibility, convenience, and nutritional value. Additionally, this tendency has been boosting the ongoing expansion of bakery products due to urbanization, the global rise in the working population, the rise in consumption outside the home, and rising need for quick and healthy foods. In order to satisfy this desire and keep customers loyal, producers have introduced organic baked goods, healthier breakfast foods, and free-from products. Indulgent categories including cake, pastries, croissants, and other sweet treats are moving from artisanal to industrial goods in the region. During the predicted period, this trend is anticipated to get stronger.

According to the report, South America Cookies Market Outlook, 2027, published by Bonafide Research, the market is anticipated to add USD 0.91 Billion from 2021 to 2027. With this trend continuing, the area will strongly propel expansion in the retail bakeries. The increased demand for low-calorie and sugar-free goods from South American rising nations has, however, forced manufacturers to expand their product lines in order to gain and hold market share. One of the main factors influencing the growth of the cookies market is the rising investments made by businesses in marketing cookies, particularly premium cookies, as well as the ease with which the cookies can be found in supermarkets, convenience stores, and online shopping. Additionally, a new trend in the South American cookie industry is for consumers to prefer healthier cookies made with oats, multigrain, wheat, and honey. This trend is expected to spur the market's expansion over the next six years.

The South American market's speciality stores have seen the fastest growth. These mostly consist of artisanal bakers, tiny bakeries, and home-based bakers who sell their goods to chain cafés, kiosks, traditional trade or wet markets, workplaces, and regular customers. Specialty shops have also grown in popularity as hangouts for aficionados, especially for hosting parties or special events. Specialty shops face a significant challenge from ongoing product innovation. The obstacles of effective manufacturing and inventory management must be overcome because many of the product varieties sold at artisanal bakeries are best appreciated when they are completely fresh. Specialty shops only carry items within a specific category, whereas general merchandise stores have a far wider selection of products. Over the predicted period, speciality stores are likely to experience significant expansion. Brazil reportedly held the top spot in the South American cookies market in 2021 and is expected to continue to do so throughout the forecast period due to the country's expanding young population and the high demand for baked goods there. However, due to the country's rising urbanization and shifting food consumption habits, which would support the market's expansion, it is projected that Argentina will experience significant growth in the cookie market.

Like the delicious South American treat Alfajores, which consists of two melt-in-your-mouth cookies with dulce de leche sandwiched in between. They are incredibly well-liked all throughout the world. There are restaurant chains in South America whose sole offering is these cookies, and they have just recently started to spread to other parts of the world. Alfajores have a lengthy history; they originated in the East and later travelled to Spain, South America, and eventually the West. Both the filling and the variants come in a wide variety from different cultural areas. In many parts of the world, Christmas and New Year's Eve are traditional times for serving festive cookies, whether at parties, after Christmas dinner, or at a neighborhood cookie exchange, as well as packaging them up as gifts for friends and family. In South America, panettone (an Italian-style fruitcake) is the most popular food gift, but holiday cookies are often served at parties. Holiday Alfajores, Brigadeiros (Brazilian Chocolate Fudge Truffles), Panettone Cake Truffles, Cocadas (Coconut Macaroons With Dulce de Leche and Chocolate), Suspiros (Meringue Kisses), Cinnamon Palmiers, Polvorones de Canele (Cinnamon Cookies), Tareco (Pernambuco, Brazil), Casadinhos (Brazil), and Mexican Chocolate Snowball Cookies are some of the well-known holiday cookies across South America.

Covid-19 Impacts:
The market for baked goods was greatly impacted by COVID-19. Due to low sales of bakery goods and a labour scarcity at the height of the pandemic, many bakeries were forced to close. Coronavirus cases in Brazil increased at a never-before-seen rate, forcing the closure of factories that made baked goods. The decline in popularity of other foods and beverages has also affected cookie demand in the area. Additionally, output in the market was impeded during the lockdown by the inaccessibility of raw supplies. Other South American nations like Argentina, Colombia, Peru, Chile, and Ecuador also saw a similar trend.

Major Companies present in the market:
Nestle SA, PepsiCo, Inc., MARS, Mondelez International, Inc., The Kraft Heinz Company (Berkshire Hathway and 3G Capital), General Mills , Grupo Bimbo, Kellog Co., The Ferrero Group, Danone S.A., Barilla G. e R. Fratelli S.p.A, Tiffany (IFFCO), Bahlsen GmbH and Co. KG (The Bahlsen family), United Biscuits (UK) Limited Co. (Pladis global), Arcor U.S.A. Inc.

Considered in this report
• Geography: South America
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• South America Cookies market with its value and forecast along with its segments
• Country-wise cookies market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report
• Brazil
• Argentina
• Colombia
By Product
• Bar Cookies
• Sandwich Cookies
• Molded Cookies
• Pressed Cookies
• Rolled Cookies
• Others Cookies (Drop Cookies, No-bake Cookies, Refrigerator Cookies, Ice Box Cookies, etc.)
By Packing
• Flexible Packing
• Rigid Packing
• Other Packing

By Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Stores & Retailers
• Online Retailers
• Others

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 audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Cookies 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.