Chocolate Market in South America 2022-2026
Technavio has been monitoring the chocolate market in South America and it is poised to grow by $ 4.11 bn during 2022-2026, progressing at a CAGR of 5.24% during the forecast period. Our report on the chocolate market in South America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by rising awareness regarding health benefits offered by chocolate and increasing marketing activities. In addition, rising awareness regarding health benefits offered by chocolate is anticipated to boost the growth of the market as well.
The chocolate market in South America analysis includes the product segment and geographic landscape.
Technavio's chocolate market in South America is segmented as below:
- By Product
- Dark chocolate
- Milk and white chocolate
- By Geography
- Brazil
- Chile
- Rest of South America
This study identifies the growing demand for customized chocolate as one of the prime reasons driving the chocolate market growth in South America during the next few years.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on chocolate market in South America covers the following areas:
- Chocolate market sizing
- Chocolate market forecast
- Chocolate market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading chocolate market vendors in South America that include Arcor Group, Colombina SA, Dori Alimentos SA, Empresas Carozzi SA, Ferrero International SA, Lindt and Sprungli (USA) Inc., Mars Inc., Mondelez International Inc., Nestle SA, and The Hershey Co. Also, the chocolate market in South America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Companies MentionedArcor Group, Colombina SA, Dori Alimentos SA, Empresas Carozzi SA, Ferrero International SA, Lindt and Sprungli (USA) Inc., Mars Inc., Mondelez International Inc., Nestle SA, The Hershey Co.