South America Confectionery Market Size
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Study Period | 2018 - 2030 |
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Market Size (2024) | USD 12.72 Billion |
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Market Size (2030) | USD 18.00 Billion |
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Largest Share by Distribution Channel | Supermarket/Hypermarket |
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CAGR (2024 - 2030) | 5.95 % |
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Largest Share by Country | Brazil |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Confectionery Market Analysis
The South America Confectionery Market size is estimated at 12.72 billion USD in 2024, and is expected to reach 18.00 billion USD by 2030, growing at a CAGR of 5.95% during the forecast period (2024-2030).
12.72 Billion
Market Size in 2024 (USD)
18.00 Billion
Market Size in 2030 (USD)
2.18 %
CAGR (2018-2023)
5.95 %
CAGR (2024-2030)
Largest Segment by Confections
47.48 %
value share, Chocolate, 2023
Chocolate consumption in the region is supported by high demand for innovative flavors, purchasing power, and consumption patterns of the consumers during the study period.
Largest Segment by Distribution Channel
39.29 %
value share, Supermarket/Hypermarket, 2023
The product assortment and shelf space in supermarkets allow consumers to compare the products, which has emerged as one of the major factors driving segmental growth.
Fastest-growing Segment by Confections
11.48 %
Projected CAGR, Snack Bar, 2024-2030
The innovative packaging concepts, with an increasing need for on-the-go snack options led by children and the young population in South America, led to segment's growth.
Fastest-growing Segment by Distribution Channel
7.46 %
Projected CAGR, Online Retail Store, 2024-2030
With the huge intensity of internet penetration, consumers are purchasing confectionery products through online stores, anticipating it to be the fastest-growing segment.
Leading Market Player
27.77 %
market share, Mondelēz International Inc., 2022
The active market activities, like product innovations and strategic moves by Mondelēz, along with the unique portfolio, are enabling the company to grow ales in the market.
The presence of popular convenience stores like Jumbo, Metro, Carrefour, and Makro, along with the development of modern retail channels, promotes confectionery sales through convenience stores and supermarkets
- In South America, the distribution channel segment maintained a growth rate of 5.28% by value in 2023 compared to 2022. The projected expansion is driven by consumers' increasing preference for convenient shopping facilities within the market. The convenience store segment was the largest retail unit in terms of volume in 2023. Some of the popular convenience stores in the region are Jumbo, Metro, Carrefour, Makro, D1, and Super Inter. By 2028, the convenience store segment in the region is estimated to register a growth of 6.37% by volume.
- Supermarkets and hypermarkets are the second-largest channels in the confectionery market. The channel grew by 4.77% by value in 2023 compared to 2022 in terms of sales. The development of modern retail channels such as supermarkets and hypermarkets has made it feasible for consumers to purchase high-quality chocolate products. The proximity factor of these channels in the South American countries provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market.
- Online channels are the fastest-growing distribution channel for the consumption of confectionery products in South America, registering an anticipated CAGR of 6.32% during the forecast period. Consumers prefer online channels as they provide quick, convenient delivery options. The high internet penetration in the region also drives the demand for online channels. Among all the countries in the region, Argentina and Brazil had the highest internet penetration, at 99%, as of July 2023.
Understand The Key Trends Shaping This Market
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The inclination toward personalized snacking and rising preference for guilt-free indulgence are key market drivers in the region, with Brazil accounting for more than 60% of the market share
- 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 snacked to relax/de-stress. Also, 32% of consumers aged 35+ believed that eating snacks helped them deal with anxiety.
- In Brazil, chocolate was the most consumed confection, with an 81.72% 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. Snack bar is the fastest growing segment in the country, with an anticipated CAGR of 7% during 2023-2030 in terms of value. The market growth is attributed to the consumer shift toward guilt-free indulgence. In 2022, 81% of consumers preferred personalized snacks as per their health needs.
- Argentina is identified as the fastest-growing confectionery market in the region. The Argentine market is anticipated to expand at a CAGR of 11.38% in terms of 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. This, in turn, contributes to the growth of the confectionery market, wherein sugar confectionery is largely consumed, with a share of 73.78% in 2023 in terms of volume. Pastilles, gummies, jellies, and toffees are widely consumed sugar confectionery variants in the country, collectively accounting for 68.16% of the volume share in 2023.
- In the Rest of South America, Chile and Peru are major countries driving the market growth, collectively covering more than 60% of the sales, in terms of volume, in 2022.
South America Confectionery Market Trends
Strong spending on advertising along with the introduction of healthy variants like clean label, natural, and organic chocolates support the market growth
- Brazil remains the prominent confectionery consumer in South America. In 2022, 75% of the Brazilian population consumed chocolate, and 35% of Brazilian consumers preferred chocolate over any other food or drink.
- Creative Advertisement campaigns and packaging are the most prominent factors influencing the impulse buying of confectionery in the region. Sustainability is an increasingly important factor for consumers when it comes to snack packaging and ingredients.
- Consumers in South America are becoming more interested in premium confectionary items. In Brazil, as of 2023, 76% of consumers are willing to pay more for high-quality/premium snacks, including organic chocolates and vegan chocolates. Economic factors are a significant attribute influencing chocolate buying behaviors among consumers in Brazil.
- The rising consumer inclination toward low-sugar or low-calorie snack food is estimated to create lucrative opportunities for healthy variants of confectionery 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
- The use of naturally produced color with unique color emulsion technology is expected to propel the market
South America Confectionery Industry Overview
The South America Confectionery Market is moderately consolidated, with the top five companies occupying 62.90%. 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 Confectionery Market Leaders
Arcor S.A.I.C
Cacau Show
Ferrero International SA
Mondelēz International Inc.
Nestlé SA
Other important companies include Barry Callebaut AG, Chocoladefabriken Lindt & Sprüngli AG, Colombina SA, Dori Alimentos SA, Florestal Alimentos SA, Grupo de Inversiones Suramericana SA, Kellogg Company, Mars Incorporated, Perfetti Van Melle BV, Riclan SA, The Hershey Company.
*Disclaimer: Major Players sorted in alphabetical order.
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South America Confectionery 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.
- April 2023: Under the ONE brand, The Hershey Company launched the Peanut Butter & Jelly Flavored Protein Bar. The ONE Limited Edition Peanut Butter & Jelly flavored bars are packed with 20 g of protein, 1 g of sugar, and the familiar taste of peanut butter and strawberry jelly flavors.
- January 2023: The Hershey Company launched caffeinated protein bars. The range is available in two flavors, which include Vanilla Latte and Caramel Macchiato.
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 Confectionery 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)
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5.1 Confections
- 5.1.1 Chocolate
- 5.1.1.1 By Confectionery Variant
- 5.1.1.1.1 Dark Chocolate
- 5.1.1.1.2 Milk and White Chocolate
- 5.1.2 Gums
- 5.1.2.1 By Confectionery Variant
- 5.1.2.1.1 Bubble Gum
- 5.1.2.1.2 Chewing Gum
- 5.1.2.1.2.1 By Sugar Content
- 5.1.2.1.2.1.1 Sugar Chewing Gum
- 5.1.2.1.2.1.2 Sugar-free Chewing Gum
- 5.1.3 Snack Bar
- 5.1.3.1 By Confectionery Variant
- 5.1.3.1.1 Cereal Bar
- 5.1.3.1.2 Fruit & Nut Bar
- 5.1.3.1.3 Protein Bar
- 5.1.4 Sugar Confectionery
- 5.1.4.1 By Confectionery Variant
- 5.1.4.1.1 Hard Candy
- 5.1.4.1.2 Lollipops
- 5.1.4.1.3 Mints
- 5.1.4.1.4 Pastilles, Gummies, and Jellies
- 5.1.4.1.5 Toffees and Nougats
- 5.1.4.1.6 Others
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5.2 Distribution Channel
- 5.2.1 Convenience Store
- 5.2.2 Online Retail Store
- 5.2.3 Supermarket/Hypermarket
- 5.2.4 Others
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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
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6.4 Company Profiles
- 6.4.1 Arcor S.A.I.C
- 6.4.2 Barry Callebaut AG
- 6.4.3 Cacau Show
- 6.4.4 Chocoladefabriken Lindt & Sprüngli AG
- 6.4.5 Colombina SA
- 6.4.6 Dori Alimentos SA
- 6.4.7 Ferrero International SA
- 6.4.8 Florestal Alimentos SA
- 6.4.9 Grupo de Inversiones Suramericana SA
- 6.4.10 Kellogg Company
- 6.4.11 Mars Incorporated
- 6.4.12 Mondelēz International Inc.
- 6.4.13 Nestlé SA
- 6.4.14 Perfetti Van Melle BV
- 6.4.15 Riclan SA
- 6.4.16 The Hershey Company
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS
8. APPENDIX
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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
List of Tables & Figures
- Figure 1:
- VOLUME OF CONFECTIONERY MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 2:
- VALUE OF CONFECTIONERY MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 3:
- VOLUME OF CONFECTIONERY MARKET BY CONFECTIONS, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 4:
- VALUE OF CONFECTIONERY MARKET BY CONFECTIONS, USD, SOUTH AMERICA, 2018 - 2030
- Figure 5:
- VOLUME SHARE OF CONFECTIONERY MARKET BY CONFECTIONS, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 6:
- VALUE SHARE OF CONFECTIONERY MARKET BY CONFECTIONS, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 7:
- VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 8:
- VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, SOUTH AMERICA, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 10:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 11:
- VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 12:
- VALUE OF DARK CHOCOLATE MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 13:
- VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 14:
- VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 15:
- VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 16:
- VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 17:
- VOLUME OF GUMS MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 18:
- VALUE OF GUMS MARKET BY CONFECTIONERY VARIANT, USD, SOUTH AMERICA, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF GUMS MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 20:
- VALUE SHARE OF GUMS MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 21:
- VOLUME OF BUBBLE GUM MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 22:
- VALUE OF BUBBLE GUM MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 23:
- VALUE SHARE OF BUBBLE GUM MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 24:
- VOLUME OF CHEWING GUM MARKET BY SUGAR CONTENT, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 25:
- VALUE OF CHEWING GUM MARKET BY SUGAR CONTENT, USD, SOUTH AMERICA, 2018 - 2030
- Figure 26:
- VOLUME SHARE OF CHEWING GUM MARKET BY SUGAR CONTENT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 27:
- VALUE SHARE OF CHEWING GUM MARKET BY SUGAR CONTENT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 28:
- VOLUME OF SUGAR CHEWING GUM MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 29:
- VALUE OF SUGAR CHEWING GUM MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 30:
- VALUE SHARE OF SUGAR CHEWING GUM MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 31:
- VOLUME OF SUGAR-FREE CHEWING GUM MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 32:
- VALUE OF SUGAR-FREE CHEWING GUM MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 33:
- VALUE SHARE OF SUGAR-FREE CHEWING GUM MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 34:
- VOLUME OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 35:
- VALUE OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, USD, SOUTH AMERICA, 2018 - 2030
- Figure 36:
- VOLUME SHARE OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 37:
- VALUE SHARE OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 38:
- VOLUME OF CEREAL BAR MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 39:
- VALUE OF CEREAL BAR MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 40:
- VALUE SHARE OF CEREAL BAR MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 41:
- VOLUME OF FRUIT & NUT BAR MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 42:
- VALUE OF FRUIT & NUT BAR MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 43:
- VALUE SHARE OF FRUIT & NUT BAR MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 44:
- VOLUME OF PROTEIN BAR MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 45:
- VALUE OF PROTEIN BAR MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 46:
- VALUE SHARE OF PROTEIN BAR MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 47:
- VOLUME OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 48:
- VALUE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, USD, SOUTH AMERICA, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 50:
- VALUE SHARE OF SUGAR CONFECTIONERY MARKET BY CONFECTIONERY VARIANT, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 51:
- VOLUME OF HARD CANDY MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 52:
- VALUE OF HARD CANDY MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 53:
- VALUE SHARE OF HARD CANDY MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 54:
- VOLUME OF LOLLIPOPS MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 55:
- VALUE OF LOLLIPOPS MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 56:
- VALUE SHARE OF LOLLIPOPS MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 57:
- VOLUME OF MINTS MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 58:
- VALUE OF MINTS MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 59:
- VALUE SHARE OF MINTS MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 60:
- VOLUME OF PASTILLES, GUMMIES, AND JELLIES MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 61:
- VALUE OF PASTILLES, GUMMIES, AND JELLIES MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 62:
- VALUE SHARE OF PASTILLES, GUMMIES, AND JELLIES MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 63:
- VOLUME OF TOFFEES AND NOUGATS MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 64:
- VALUE OF TOFFEES AND NOUGATS MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 65:
- VALUE SHARE OF TOFFEES AND NOUGATS MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 66:
- VOLUME OF OTHERS MARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 67:
- VALUE OF OTHERS MARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 68:
- VALUE SHARE OF OTHERS MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2023 VS 2030
- Figure 69:
- VOLUME OF CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 70:
- VALUE OF CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, USD, SOUTH AMERICA, 2018 - 2030
- Figure 71:
- VOLUME SHARE OF CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 72:
- VALUE SHARE OF CONFECTIONERY MARKET BY DISTRIBUTION CHANNEL, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 73:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 74:
- VALUE OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE, USD, SOUTH AMERICA, 2018 - 2030
- Figure 75:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE BY CONFECTION, %, SOUTH AMERICA, 2023 VS 2030
- Figure 76:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 77:
- VALUE OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE, USD, SOUTH AMERICA, 2018 - 2030
- Figure 78:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTION, %, SOUTH AMERICA, 2023 VS 2030
- Figure 79:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 80:
- VALUE OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, SOUTH AMERICA, 2018 - 2030
- Figure 81:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTION, %, SOUTH AMERICA, 2023 VS 2030
- Figure 82:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA OTHERS, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 83:
- VALUE OF CONFECTIONERY MARKET SOLD VIA OTHERS, USD, SOUTH AMERICA, 2018 - 2030
- Figure 84:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA OTHERS BY CONFECTION, %, SOUTH AMERICA, 2023 VS 2030
- Figure 85:
- VOLUME OF CONFECTIONERY MARKET BY COUNTRY, METRIC TONNES, SOUTH AMERICA, 2018 - 2030
- Figure 86:
- VALUE OF CONFECTIONERY MARKET BY COUNTRY, USD, SOUTH AMERICA, 2018 - 2030
- Figure 87:
- VOLUME SHARE OF CONFECTIONERY MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 88:
- VALUE SHARE OF CONFECTIONERY MARKET BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2024 VS 2030
- Figure 89:
- VOLUME OF CONFECTIONERY MARKET, METRIC TONNES, ARGENTINA, 2018 - 2030
- Figure 90:
- VALUE OF CONFECTIONERY MARKET, USD, ARGENTINA, 2018 - 2030
- Figure 91:
- VALUE SHARE OF CONFECTIONERY MARKET BY CONFECTION, %, ARGENTINA, 2023 VS 2030
- Figure 92:
- VOLUME OF CONFECTIONERY MARKET, METRIC TONNES, BRAZIL, 2018 - 2030
- Figure 93:
- VALUE OF CONFECTIONERY MARKET, USD, BRAZIL, 2018 - 2030
- Figure 94:
- VALUE SHARE OF CONFECTIONERY MARKET BY CONFECTION, %, BRAZIL, 2023 VS 2030
- Figure 95:
- VOLUME OF CONFECTIONERY MARKET, METRIC TONNES, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 96:
- VALUE OF CONFECTIONERY MARKET, USD, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 97:
- VALUE SHARE OF CONFECTIONERY MARKET BY CONFECTION, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 98:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, SOUTH AMERICA, 2018 - 2023
- Figure 99:
- MOST ADOPTED STRATEGIES, COUNT, SOUTH AMERICA, 2018 - 2023
- Figure 100:
- VALUE SHARE OF MAJOR PLAYERS, %, SOUTH AMERICA, 2022
South America Confectionery Industry Segmentation
Chocolate, Gums, Snack Bar, Sugar Confectionery are covered as segments by Confections. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel. Argentina, Brazil are covered as segments by Country.
- In South America, the distribution channel segment maintained a growth rate of 5.28% by value in 2023 compared to 2022. The projected expansion is driven by consumers' increasing preference for convenient shopping facilities within the market. The convenience store segment was the largest retail unit in terms of volume in 2023. Some of the popular convenience stores in the region are Jumbo, Metro, Carrefour, Makro, D1, and Super Inter. By 2028, the convenience store segment in the region is estimated to register a growth of 6.37% by volume.
- Supermarkets and hypermarkets are the second-largest channels in the confectionery market. The channel grew by 4.77% by value in 2023 compared to 2022 in terms of sales. The development of modern retail channels such as supermarkets and hypermarkets has made it feasible for consumers to purchase high-quality chocolate products. The proximity factor of these channels in the South American countries provides them with an added advantage of influencing the consumer’s decision to purchase among the large variety of products available in the market.
- Online channels are the fastest-growing distribution channel for the consumption of confectionery products in South America, registering an anticipated CAGR of 6.32% during the forecast period. Consumers prefer online channels as they provide quick, convenient delivery options. The high internet penetration in the region also drives the demand for online channels. Among all the countries in the region, Argentina and Brazil had the highest internet penetration, at 99%, as of July 2023.
| Confections | Chocolate | By Confectionery Variant | Dark Chocolate | ||
| Milk and White Chocolate | |||||
| Confections | Gums | By Confectionery Variant | Bubble Gum | ||
| Chewing Gum | By Sugar Content | Sugar Chewing Gum | |||
| Sugar-free Chewing Gum | |||||
| Confections | Snack Bar | By Confectionery Variant | Cereal Bar | ||
| Fruit & Nut Bar | |||||
| Protein Bar | |||||
| Confections | Sugar Confectionery | By Confectionery Variant | Hard Candy | ||
| Lollipops | |||||
| Mints | |||||
| Pastilles, Gummies, and Jellies | |||||
| Toffees and Nougats | |||||
| Others | |||||
| 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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