South America Chocolate Market Size, Status and Outlook 2019 to 2023

The South American Chocolate market is expected to reach USD 12.2 billion by 2023, witnessing a healthy CAGR over the forecast period.

South America Chocolate

The South America Chocolate Market Report provides a complete analysis of the market. The Report focuses on manufacturers, suppliers, segmentation according to the application, major players, customers, opportunities, future roadmap, and furthermore. The competitive data type analysis includes capacity, market share, profit margin, market growth, consumer consumption, imports, exports, revenue, and etc. Marketing strategies, policies, industry chain that are changing the wave of the market are also catered in the report.

The South American Chocolate market is expected to reach USD 12.2 billion by 2023, witnessing a healthy CAGR over the forecast period.

Top Companies in the South America Chocolate Market: GRUPO ARCOR, MONDELEZ INTERNATIONAL, INC, MARS INC., FERRERO, NESTLE S.A., HERSHEY CO., and others.

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Brazilians Hunger for Chocolate

More than 75% of Brazilians consume chocolate and about 33% of the population chooses chocolate over other food and beverage products. The chocolate consumption increases significantly by 23%, 16% and 11% during occasions such as Easter, Christmas, and Valentines Day respectively. Brazil chocolate market valued at USD 4.01 billion in 2017, which is expected to witness a steady CAGR during the forecast period. The annual per capita consumption of chocolate is 2.5 kg annually which has significantly increased from 300g per year in 70s. Rising purchasing power among middle-class has made chocolate as an affordable product, which finally boosted chocolate sale. Mondlez, Garoto and Nestle account for the dominant share in the Brazil chocolate market.

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Molded Chocolate in High Demand

Molded chocolate is the most consumed chocolate in the region, which recorded a sale of USD 1.89 billion in 2017. Molded chocolate is expected to maintain its dominance during the forecast period. Brazil is the largest market for molded chocolate, which is followed by Argentina and Chile. Argentina recorded a significant growth in molded chocolate witnessing a CAGR of 16.6% during the forecast period. The demand for countline sales is largely driven by on-the-go and convenient pack style of products. Boxed assortment holds significant share in the market owing to seasonal gifting.

Key Developments

The South America Chocolate market is highly concentrated among major players occupying significant market share. New product innovation focused on health and packaging are the main strategy adopted by the key player. Mondelez International, which is the world largest cocoa consumer adopted a plan Cocoa Life program to source cocoa. Cocoa Life program is active in six countries including Brazil.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: South America Chocolate Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.

Finally, South America Chocolate Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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