Category: Food & Beverage
South America Food & Beverage
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Paraguay Snacks
... consumers boosted demand while changes in consumption habits favoured sales of ice cream. Devaluation of the exchange rate in Argentina at the end of 2023 raised prices in the neighbouring country which had a key ... Read More
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Colombia Chocolate Confectionery
... high inflation rate, as retail volume sales decline. Nonetheless, the performance is supported by brand innovations catering to nostalgia, which is emerging as a key trend in snacking. As consumers seek food for comfort and ... Read More
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Argentina Snacks
... across snacks categories. During the year, with presidential elections to be held in December 2023, the incumbent government reinforced social aid through social assistance programmes and by increasing the number of products within the national ... Read More
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Colombia Sweet Biscuits, Snack Bars and Fruit Snacks
... is expected to boost retail current value sales but drive down overall retail volume sales for a second consecutive year, as consumers tighten their budgets and reduce discretionary spending. Nonetheless, consumers continue to turn to ... Read More
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Colombia Sugar Confectionery
... movement in retail current value sales of sugar confectionery. Over 2024, retail current value sales of sugar confectionery are projected to see a further double-digit increase, despite much slower, if good, retail volume growth. Euromonitor ... Read More
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Peru Sweet Biscuits, Snack Bars and Fruit Snacks
... consumption. This double impact has led to sluggish growth in retail volume sales. Despite a promising rebound in volume sales in 2022, surpassing pre-pandemic levels, the category experienced a slower performance in 2023, in a ... Read More
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Argentina Ice Cream
... play a negative role, with anticipated increases in rainfall and temperatures lower than in previous summers. Secondly, due to the complex economic context, many Argentinian consumers are avoiding the consumption of both impulse and take-home ... Read More
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Colombia Snacks
... the inflation rate in Colombia is projected to remain high for the market in 2024. As in other areas of packaged food in Colombia, snacks manufacturers have to address multiple shortages in the supply chain, ... Read More
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Peru Chocolate Confectionery
... and has seen high-temperature records in several regions, prompting a greater preference in consumers for snacks that are fresh or at least are not usually associated with cold weather. Euromonitor International's Chocolate Confectionery in Peru ... Read More
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Peru Cream
... with an El Niño phenomenon that brought intense heat waves in different regions of the country. These temperatures together with high humidity in some regions of the country have triggered rapid growth in ice cream. ... Read More
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Argentina Savoury Snacks
... 2023 prompted the government to reinforce social aid throughout the year, but particularly during the second semester. The government reinforced social assistance programmes and increased the number of products within the national Precios Justos programme. ... Read More
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Colombia Gum
... trade sources, consumers’ oral care concerns and a desire to reduce their sugar consumption underpinned declines in retail volume sales. The downturn in demand is expected to continue for chewing gum and bubble gum over ... Read More
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Colombia Ice Cream
... according to the season, Colombia’s tropical weather aids sales significantly through the year. In 2023, Colombia its warmest recorded year in history, which generated significant wildfires and high radiation levels. From November 2023 to the ... Read More
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Peru Gum
... shortfall is the impact of price increases. While price increases have moderated compared to the steep rises seen in 2023, they still remain high relative to expected inflation levels. This has likely deterred consumers from ... Read More
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Peru Savoury Snacks
... growing preference for larger packaging sizes, particularly among consumers who enjoy staying at home for activities like binge-watching series or movies. This shift reflects a desire for convenience and value, as larger packages offer more ... Read More
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Peru Sugar Confectionery
... innovation in boiled sweets compared to lollipops. The latter has seen new versions introduced, featuring light and tongue-colouring, which captivates consumers' attention. Euromonitor International's Sugar Confectionery in Peru report offers in-depth knowledge of the market ... Read More
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Argentina Gum
... should be seen against the backdrop of the slump in demand in 2020 as consumers worked and studied at home and travel and socialisation were heavily restricted. Over 2024, a sharp decrease in retail volume ... Read More
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Argentina Sweet Biscuits, Snack Bars and Fruit Snacks
... (COVID-19) crisis in 2020 to exceed the 2019 pre-pandemic level in 2023. Despite the complexity of the economic context, with a triple-digit inflation rate, retail volume sales of sweet biscuits, snack bars and fruit snacks ... Read More
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Argentina Chocolate Confectionery
... fell much more slowly than for other types of confectionery in 2020 in the wake of the Coronavirus (COVID-19) pandemic years. The market size remained higher than in 2019 in a country blighted by an ... Read More
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Peru Snacks
... shift in market dynamics. The increase in input prices has squeezed profit margins for manufacturers, making it difficult to maintain competitive pricing in the domestic market. In addition, the decline in domestic consumption reflects the ... Read More
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Chile Snacks
... chocolate confectionery, primarily driven by the increasing cost of cocoa. As cocoa prices rise, manufacturers face higher production expenses, prompting them to pass on these costs to consumers through retail price increases. This inflationary trend ... Read More
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Peru Cider/Perry
... The main reason for this was due to the fact that the category was growing from a very low base, with cider/perry still being unfamiliar to many local consumers. As such, sales are still dependent ... Read More
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Peru Beer
... decline in sales in total volume terms demand for beer remained more stable. Beer dominates sales of alcoholic drinks in Peru with it having the greatest distribution presence and the lowest average price per litre. ... Read More
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Peru Wine
... faced an economic crisis in 2023 due to internal and external factors. Out of this the informal market has grown in Peru with smuggling, especially on the border with Bolivia, becoming a serious problem, where ... Read More
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Peru Spirits
... and protests following the replacement of former President Castillo, in addition to the floods on the north coast of Peru, a product of the Niño Costero phenomenon, all of which had a huge impact on ... Read More
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