South American Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers South American Chocolate Brands and is segmented by Category (Dark Chocolate, Milk, and White Chocolate); by Product Type (Softline's/Self lines, Boxed Assortments, Countlines, Seasonal Chocolate, Molded Chocolate, and Other Chocolate Confectionery); By Distribution Channel (Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel, and Other Distribution Channels); and Geography (Brazil, Argentina, and Rest of South America).

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South America Chocolate Market Size

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South America Chocolate Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 5.95 Billion
svg icon Market Size (2030) USD 7.68 Billion
svg icon Largest Share by Distribution Channel Supermarket/Hypermarket
svg icon CAGR (2024 - 2030) 4.34 %
svg icon Largest Share by Country Brazil

Major Players

South America Chocolate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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South America Chocolate Market Analysis

The South America Chocolate Market size is estimated at 5.95 billion USD in 2024, and is expected to reach 7.68 billion USD by 2030, growing at a CAGR of 4.34% during the forecast period (2024-2030).

5.95 Billion

Market Size in 2024 (USD)

7.68 Billion

Market Size in 2030 (USD)

1.19 %

CAGR (2018-2023)

4.34 %

CAGR (2024-2030)

Largest Segment by Confectionery Variant

64.65 %

value share, Milk and White Chocolate, 2023

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The innovative flavor offerings possible in white chocolate, followed by the preference for varied taste profiles in the region, are anticipated to drive segmental growth.

Largest Segment by Country

67.94 %

value share, Brazil, 2023

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Advancements in the cocoa chain with increasing cocoa growers in Brazil impacted the chocolate availability in the market, enticing the segmental growth in the study period.

Fastest-growing Segment by Confectionery variant

5.03 %

Projected CAGR, Dark Chocolate, 2024-2030

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Rising awareness among consumers toward the nutritional content and stress-relieving ability of dark chocolate is anticipated to drive the demand in the country.

Fastest-growing Segment by Country

5.91 %

Projected CAGR, Argentina, 2024-2030

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Adoption of many innovative products, along with rising preference for on-the-go consumption in Argentina, has made it a larger country in the market during the study period.

Leading Market Player

35.27 %

market share, Nestlé SA, 2022

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The active market activities, such as product innovations and strategic moves applied by Nestle, along with the growing portfolio, enabled the company to grow in the market.

Supermarkets and convenience stores expected to continue to captivate a larger consumer base, with a value share of almost 75% in 2024

  • Supermarkets and hypermarkets are the largest retail channels in the South American chocolate market. The rising urbanization and increasing smart city development policies are promoting the expansion of supermarkets and hypermarkets in the region. Compared to dark chocolate, milk and white chocolate accounted for the largest share, with a market volume share of 65.3% in 2023.
  • The sales value of chocolates in supermarkets is anticipated to register a CAGR of 4.21% during 2023-2029 in the region. This is mainly attributed to the multiple benefits offered by these distribution channels. Shopping at supermarkets and hypermarkets is typically a quicker and easier experience than shopping at a smaller store. Supermarkets have larger spaces, making it easy for consumers to buy a range of chocolates.
  • Convenience stores are the second most preferred distribution channel for chocolate purchases in South America. Convenience stores are very easy to approach as they are located near residential and commercial areas and generally offer affordable chocolates. The sales value of chocolates through convenience stores registered a growth rate of 8.3% from 2020 to 2023.
  • Online channels are the fastest-growing distribution channel through which chocolates are consumed in the region. The distribution segment is projected to register a growth of 16.1% by value during the period 2024-2027. The evolving role of online retail channels in food and beverages, including chocolate purchases, is influenced by the increasing number of internet users. In 2022, 38 million shoppers in Brazil shopped online to purchase goods and services, including chocolates. Also, 42% of Brazilian online buyers prefer shopping through apps that offer fast shipping.
South America Chocolate Market

Indulgent snacking behavior and demand from Brazil and Rest of South America, recording an almost 90% value share in 2023, drive the regional market

  • Brazil is identified as the major market in the region, followed by Argentina. The rise in consumer preference for convenient indulgent snacking is identified as the key market driver in the region. As of 2023, 39% of Brazilian consumers aged 16-34 years snacked to relax/de-stress. Also, 32% of consumers aged over 35 years believe that eating snacks helps them deal with anxiety.
  • In Brazil, chocolate is the most widely consumed confection, with a 50.02% share of the overall confectionery market in 2023 in terms of volume. Brazilians perceive chocolate as a unique and essential indulgent snack due to its flavor. In 2022, 67% of consumers consumed chocolate at least once a week. Within chocolate products, dark chocolate is the fastest-growing segment in the country, with an anticipated CAGR of 6.44% in terms of value during 2023-2030. The market's growth is attributed to the consumer shift toward guilt-free indulgence. In 2022, 81% of consumers preferred snacks personalized as per their health needs.
  • Argentina is identified as the fastest-growing confectionery market in South America. The Argentine market is anticipated to record a CAGR of 5.83% by value during the forecast period. Argentina is one of the powerhouse snackers globally, where snacking occurs at multiple points during the day alongside regular mealtimes. In 2023, the annual per capita consumption of chocolate was 1.6 kg.
  • In the Rest of South America, Chile and Peru are major countries driving growth, collectively accounting for more than 60% of sales by volume in 2023. The rising consumption of milk, as well as dark chocolates, is primarily attributed to the rising gifting culture among consumers, together with the increasing domestic consumption of chocolates among younger and adult populations.

South America Chocolate Market Trends

Impulse buying behavior supported with the differentiation of products in terms of ingredients and packaging plays a vital role in the market's growth

  • In South America, chocolate consumption is prominent across Brazil compared to other countries in the region. Chocolates remain the most consumed confectionery in the country. In 2022, 75% of the Brazilian population consumed chocolate, and 35% of Brazilian people consumed chocolate regularly over any other food or drink.
  • Packaging and ingredients influence the impulse buying of chocolates in the region. Sustainability is an increasingly important factor for consumers when it comes to chocolate packaging and ingredients. As of 2023, 40% of Brazilian consumers prefer snacks, including chocolates, in sustainable packaging.
  • Consumers in South America are becoming more interested in premium chocolate products. In Brazil, as of 2023, 76% of consumers are willing to pay more for high-quality/premium snacks, including organic chocolates and vegan chocolates.
  • The rising consumer inclination toward low-sugar or low-calorie snack food is estimated to create lucrative opportunities for healthy variants of chocolates during the forecast period. In 2021, ‘Zero sugar’ (46%) and ‘light’ (55%) were the most common sugar claims in sugar-free and reduced-sugar food products, respectively, in Brazil.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Major manufacturers are avoiding the use of artificial flavors, preservatives, or sweeteners to cater to a larger market

South America Chocolate Industry Overview

The South America Chocolate Market is fairly consolidated, with the top five companies occupying 88.98%. The major players in this market are Arcor S.A.I.C, Cacau Show, Ferrero International SA, Mondelēz International Inc. and Nestlé SA (sorted alphabetically).

South America Chocolate Market Leaders

  1. Arcor S.A.I.C

  2. Cacau Show

  3. Ferrero International SA

  4. Mondelēz International Inc.

  5. Nestlé SA

South America Chocolate Market Concentration

Other important companies include Chocoladefabriken Lindt & Sprüngli AG, Confiteca CA, Grupo de Inversiones Suramericana SA, Mars Incorporated, Nugali Chocolates, The Hershey Company, The Peccin SA.

*Disclaimer: Major Players sorted in alphabetical order.

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South America Chocolate Market News

  • July 2023: Ferrero's sister company, Ferrara Candy Co., announced the acquisition of Brazilian snacks company Dori Alimentos, which sells a variety of chocolate and sugar confectionery brands, including Dori, Pettiz, and Jubes.
  • December 2022: Mars Incorporated launched Snickers Caramelo & Bacon limited edition chocolate bars in Brazil.
  • November 2022: Nestlé announced the establishment of a new Research & Development (R&D) Center for Latin America. The inauguration of the new center was in Santiago, Chile. This center will enable the development of tasty, nutritious, affordable, and sustainable products that are highly relevant to local consumers. The center will also strengthen the company's collaborations with universities, start-ups, and entrepreneurs across Latin America.

Free with this Report

We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.

South America Chocolate Market
South America Chocolate Market
South America Chocolate Market
South America Chocolate Market

South America Chocolate Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Regulatory Framework
  • 4.2 Consumer Buying Behavior
  • 4.3 Ingredient Analysis
  • 4.4 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Confectionery Variant
    • 5.1.1 Dark Chocolate
    • 5.1.2 Milk and White Chocolate
  • 5.2 Distribution Channel
    • 5.2.1 Convenience Store
    • 5.2.2 Online Retail Store
    • 5.2.3 Supermarket/Hypermarket
    • 5.2.4 Others
  • 5.3 Country
    • 5.3.1 Argentina
    • 5.3.2 Brazil
    • 5.3.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Arcor S.A.I.C
    • 6.4.2 Cacau Show
    • 6.4.3 Chocoladefabriken Lindt & Sprüngli AG
    • 6.4.4 Confiteca CA
    • 6.4.5 Ferrero International SA
    • 6.4.6 Grupo de Inversiones Suramericana SA
    • 6.4.7 Mars Incorporated
    • 6.4.8 Mondelēz International Inc.
    • 6.4.9 Nestlé SA
    • 6.4.10 Nugali Chocolates
    • 6.4.11 The Hershey Company
    • 6.4.12 The Peccin SA
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 2:  
  2. VALUE OF CHOCOLATE MARKET, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 3:  
  2. VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 4:  
  2. VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 5:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 6:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 7:  
  2. VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 8:  
  2. VALUE OF DARK CHOCOLATE MARKET, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 9:  
  2. VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
  1. Figure 10:  
  2. VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 11:  
  2. VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 12:  
  2. VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
  1. Figure 13:  
  2. VOLUME OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 14:  
  2. VALUE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 15:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 16:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 17:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 18:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 19:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, SOUTH AMERICA, 2023 VS 2030
  1. Figure 20:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 21:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 22:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, SOUTH AMERICA, 2023 VS 2030
  1. Figure 23:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 24:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 25:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, SOUTH AMERICA, 2023 VS 2030
  1. Figure 26:  
  2. VOLUME OF CHOCOLATE MARKET SOLD VIA OTHERS, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 27:  
  2. VALUE OF CHOCOLATE MARKET SOLD VIA OTHERS, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 28:  
  2. VALUE SHARE OF CHOCOLATE MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, SOUTH AMERICA, 2023 VS 2030
  1. Figure 29:  
  2. VOLUME OF CHOCOLATE MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
  1. Figure 30:  
  2. VALUE OF CHOCOLATE MARKET BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030
  1. Figure 31:  
  2. VOLUME SHARE OF CHOCOLATE MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 32:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
  1. Figure 33:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, ARGENTINA, 2018 - 2030
  1. Figure 34:  
  2. VALUE OF CHOCOLATE MARKET, USD, ARGENTINA, 2018 - 2030
  1. Figure 35:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, ARGENTINA, 2023 VS 2030
  1. Figure 36:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, BRAZIL, 2018 - 2030
  1. Figure 37:  
  2. VALUE OF CHOCOLATE MARKET, USD, BRAZIL, 2018 - 2030
  1. Figure 38:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, BRAZIL, 2023 VS 2030
  1. Figure 39:  
  2. VOLUME OF CHOCOLATE MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2018 - 2030
  1. Figure 40:  
  2. VALUE OF CHOCOLATE MARKET, USD, REST OF SOUTH AMERICA, 2018 - 2030
  1. Figure 41:  
  2. VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANTS, %, REST OF SOUTH AMERICA, 2023 VS 2030
  1. Figure 42:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA, 2018 - 2023
  1. Figure 43:  
  2. MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2018 - 2023
  1. Figure 44:  
  2. VALUE SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA, 2022

South America Chocolate Industry Segmentation

Dark Chocolate, Milk and White Chocolate are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel. Argentina, Brazil are covered as segments by Country.

  • Supermarkets and hypermarkets are the largest retail channels in the South American chocolate market. The rising urbanization and increasing smart city development policies are promoting the expansion of supermarkets and hypermarkets in the region. Compared to dark chocolate, milk and white chocolate accounted for the largest share, with a market volume share of 65.3% in 2023.
  • The sales value of chocolates in supermarkets is anticipated to register a CAGR of 4.21% during 2023-2029 in the region. This is mainly attributed to the multiple benefits offered by these distribution channels. Shopping at supermarkets and hypermarkets is typically a quicker and easier experience than shopping at a smaller store. Supermarkets have larger spaces, making it easy for consumers to buy a range of chocolates.
  • Convenience stores are the second most preferred distribution channel for chocolate purchases in South America. Convenience stores are very easy to approach as they are located near residential and commercial areas and generally offer affordable chocolates. The sales value of chocolates through convenience stores registered a growth rate of 8.3% from 2020 to 2023.
  • Online channels are the fastest-growing distribution channel through which chocolates are consumed in the region. The distribution segment is projected to register a growth of 16.1% by value during the period 2024-2027. The evolving role of online retail channels in food and beverages, including chocolate purchases, is influenced by the increasing number of internet users. In 2022, 38 million shoppers in Brazil shopped online to purchase goods and services, including chocolates. Also, 42% of Brazilian online buyers prefer shopping through apps that offer fast shipping.
Confectionery Variant Dark Chocolate
Milk and White Chocolate
Distribution Channel Convenience Store
Online Retail Store
Supermarket/Hypermarket
Others
Country Argentina
Brazil
Rest of South America
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Market Definition

  • Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
  • Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
  • Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
  • Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
Keyword Definition
Dark Chocolate Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk.
White Chocolate White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent.
Milk Chocolate Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product.
Hard Candy A candy made of sugar and corn syrup boiled without crystallizing.
Toffees A hard, chewy, often brown sweet that is made from sugar boiled with butter.
Nougats A chewy or brittle candy containing almonds or other nuts and sometimes fruit.
Cereal bar A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup.
Protein bar Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats.
Fruit & Nut bar These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings.
NCA The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats.
CGMP Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies.
Unstandardized foods Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner.
GI The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time
Skimmed milk powder Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying.
Flavanols Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages.
WPC Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein.
LDL Low density Lipoprotein- the bad cholesterol
HDL High density Lipoprotein- the good cholesterol
BHT butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative.
Carrageenan Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks.
Free form Not containing certain ingredients, such as gluten, dairy, or sugar.
Cocoa butter It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery.
Pastellies A type of of Brazilian candy made from sugar, eggs, and milk.
Draggees Small, round candies that are coated with a hard sugar shell
CHOPRABISCO Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry.
European Directive 2000/13 A European Union directive that regulates the labeling of food products
Kakao-Verordnung The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany.
FASFC Federal Agency for the Safety of the Food Chain
Pectin A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture.
Invert sugars A type of sugar that is made up of glucose and fructose.
Emulsifier A substance that helps to mix to liquids that does not mix together.
Anthocyanins A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery.
Functional Foods Foods that have been modified to provide additional health benefits beyond basic nutrition.
Kosher certificate This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law
Chicory root extract A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate
RDD Recommended daily dose
Gummies A chewy gelatin-based candy that is often flavored with fruit.
Nutraceuticals Food or dietary supplements that are claimed to have health benefits.
Energy bars Snack bars that are high in carbohydrates and calories are designed to provide energy on the go.
BFSO Belgian Food Safety Organization for the food chain.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.​
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.​
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.​
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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South America Chocolate Market Research FAQs

The South America Chocolate Market size is expected to reach USD 5.95 billion in 2024 and grow at a CAGR of 4.34% to reach USD 7.68 billion by 2030.

In 2024, the South America Chocolate Market size is expected to reach USD 5.95 billion.

Arcor S.A.I.C, Cacau Show, Ferrero International SA, Mondelēz International Inc. and Nestlé SA are the major companies operating in the South America Chocolate Market.

In the South America Chocolate Market, the Supermarket/Hypermarket segment accounts for the largest share by distribution channel.

In 2024, Brazil accounts for the largest share by country in the South America Chocolate Market.

In 2023, the South America Chocolate Market size was estimated at 5.95 billion. The report covers the South America Chocolate Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Chocolate Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

South America Chocolate Industry Report

Statistics for the 2024 South America Chocolate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Chocolate analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South America Chocolate Market Report Snapshots

South American Chocolate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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