Chocolate Market in South America | Arcor Group, Colombina SA, Dori Alimentos SA are among the key vendors discussed
Competitive Benchmarking and Vendor Forecasts for 2022-2026
Accelerating at a CAGR of 5.24%, the chocolate market in South America is expected to post an incremental growth of $ 4.11 billion over the next five years. The research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities.
The market is fragmented. 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. are some of the leading vendors in the market. The growth of the market players depends on several factors such as market conditions, government support, and industry development. Market participants need to identify opportunities within the market by offering unique product and service offerings. This report will equip our clients with a detailed analysis of the market so that they can evolve their own business strategy for recovery and growth in the post-pandemic era.
Rely on our business insights to implement a COVID-19 Recovery Plan: Request for Free Sample Report
Chocolate Market in South America : Market Highlights
- The Chocolate market in South America is segmented by Product (Dark chocolate and Milk and white chocolate) and Geography (Brazil, Chile, and Rest of South America).
- Rest of South America led the market with 53% of the market growth set to originate from this region during the forecast period.
- Rising awareness regarding health benefits offered by chocolate is one of the primary factors driving the growth of the chocolate market in South America. Dark chocolate contains a large proportion of cocoa and antioxidants which is known to slow down aging and curb certain diseases, such as cardiovascular diseases (CVDs).
- Impulse purchasing behavior of consumers is another key factor in driving market growth. Strategic marketing and attractive display mechanisms adopted by stores along with the rise in disposable income of consumers, and change in lifestyles will drive impulse purchases.
- The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For more insights on this market: Download a Free Sample Report
Key Focus Areas in Our Reports:
- Market segments
- Comparison by Product
- Filleting and skinning equipment - Market size and forecast 2020-2025
- De-heading and gutting equipment - Market size and forecast 2020-2025
- Grading equipment - Market size and forecast 2020-2025
- Scaling equipment - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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
- The Hershey Co.
Browse through some of other related market research reports for more insights:
- Chocolate Market in MEA: The chocolate market in MEA is set to grow by $ 4.66 billion, accelerating at a CAGR of almost 8.41% during the forecast period.
- Dark Chocolate Market: The dark chocolate market is expected to grow by $ 15.93 billion, accelerating at a CAGR of 5.29% during the forecast period.
- White Chocolate Market: The white chocolate market is set to grow by $ 1.78 billion, accelerating at a CAGR of almost 1.82% during the forecast period.
- Industrial Chocolate Market: The industrial chocolate market is expected to grow by 1802.13 th tons, accelerating at a CAGR of almost 4% during the forecast period.
- Dark Chocolate Market in US: Technavio has been monitoring the dark chocolate market in US and it is expected to grow by $ 3.67 billion, accelerating at a CAGR of almost 7% during the forecast period.
- Premium Chocolate Market: The premium chocolate market is set to grow by $ 16.48 billion, accelerating at a CAGR of almost 9.40% during the forecast period.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of 5.24%.
- What is the incremental growth of the market?
The market is expected to grow by $ 4.11 bn through 2022-2026.
- What is a key factor driving this market?
Rising awareness regarding the health benefits offered by chocolate will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
Brazil, Chile, and Rest of South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
53% growth will originate from Rest of South America
- Who are the leading market vendors?
The leading vendors in this market are 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.
- What are the market segments covered in this report?
The market is segmented by Product (Dark chocolate and Milk and white chocolate) and Geography (Brazil, Chile, and Rest of South America)
