According to the recent market study by Technavio, the Chocolate Market in South America is expected to increase by USD 4.11 billion from 2021 to 2026, at an accelerated CAGR of 5.24%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
Top 3 Vendor Analysis of Chocolate Market in South America
The Chocolate Market in South America is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market. Companies are employing mergers, expansions, acquisitions, and partnerships, as well as new product development, as strategic tactics to increase their brand visibility.
Colombina SA: Offers chocolate products such as Choco Vanilla Cone, ChocoBreak Assorted Fruit x 50 UN, and ChocoBreak Assorted Fruit x 30 UN.
Empresas Carozzi SA: Offers chocolate products such as maqui truffles, cranberries, ginger, rum and cognac chocolates.
Lindt and Sprungli (USA) Inc: Offers chocolate product brands such as Lindt, Ghirardelli, Russell Stover, and Caffarel.
Top 3 Vendor Analysis of Chocolate Market in South America
The Chocolate Market in South America is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market. Companies are employing mergers, expansions, acquisitions, and partnerships, as well as new product development, as strategic tactics to increase their brand visibility.
Colombina SA: Offers chocolate products such as Choco Vanilla Cone, ChocoBreak Assorted Fruit x 50 UN, and ChocoBreak Assorted Fruit x 30 UN.
Empresas Carozzi SA: Offers chocolate products such as maqui truffles, cranberries, ginger, rum and cognac chocolates.
Lindt and Sprungli (USA) Inc: Offers chocolate product brands such as Lindt, Ghirardelli, Russell Stover, and Caffarel.
Latest Drivers & Trends Driving the Market-
- Chocolate Market in South America Key Driver:
- Rising awareness regarding health benefits offered by chocolate:
- Dark chocolate, which has a high percentage of cocoa, is particularly suggested for preventing or slowing the aging process as well as some ailments such as cardiovascular disease. Furthermore, chocolate’s antioxidant content, blood pressure-lowering capabilities, and presumed anti-aging benefits will continue to drive the consumption of chocolate and chocolate products. According to recent research findings, chocolate consumption helps people look younger and reduces stress, which is projected to drive chocolate demand in the market throughout the forecast period.
- Rising awareness regarding health benefits offered by chocolate:
- Chocolate Market in South America Key Trend:
- The impulse purchasing behavior of consumers:
Confectionery items exhibited prominently in venues like shops and supermarkets can draw customers’ attention and lead to impulse purchases. Furthermore, impulsive purchases are fueled by a surge in consumer disposable money and a shift in lifestyles, in addition to attractive display techniques used by retailers. In recent years, the color and packaging of chocolate have played an essential influence in its purchase. Following the shift in product perception, manufacturers have made significant investments in product design, labelling, pricing, and packaging.
Read more of the latest news and developments in our new edition here: February 2022 Single Issue form – International Confectionery Magazine (in-confectionery.com)
Media contact
Roshini Bains,
Editor, International Confectionery
Tel: +44 (0) 1622 823 922
Email: editor@in-confectionery.com
