Brazil Chocolate Market (2019-2025) | Size, Industry, Revenue, Share, Analysis, Trends, Segmentation, Value, Growth & Outlook
Market Forecast By Product Types(Milk Chocolate, White Chocolate, Dark Chocolate), By Distribution Channels(Supermarkets/ Hypermarkets, Grocery/ Mom n Pop Stores, Convenience Stores, Online Channel, Others(Specialized Retailers, Pharmacy, etc.)), By Chocolate Types(Countlines & Straight lines, Molded or Bar Chocolates, Choco-panned & Sugar panned, Others (Box chocolates, novelties, etc.))and Competitive Landscape
| Product Code: ETC001764 | Publication Date: Sep 2021 | Updated Date: Nov 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 8 | No. of Tables: 2 | |
Brazil Chocolate Market Shipment Analysis
Brazil Chocolate Market registered a decline of -17.32% in value shipments in 2022 as compared to 2021 and an increase of 2.2% CAGR in 2022 over a period of 2017. In Chocolate Market Brazil is becoming more competitive as the HHI index in 2022 was 2368 while in 2017 it was 2377. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Brazil has reportedly relied more on domestic production to meet its growing demand in Chocolate Market. Brazil is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Chocolate Market in 2022 was 0.84 while in 2017 it was 1.35. Argentina, India, Italy, Switzerland and Belgium were among the top players of the market in 2022, where Argentina acquired the largest market share of 42.96% with a shipment value of 33.42 million USD in 2022 Argentina also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Chocolate Market. In 2017 Argentina had the largest market share of 43.84% with the shipment value of 35.98 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Argentina offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Brazil Chocolate Market in 2017.
Latest Development (2023) of the Brazil Chocolate Market
Brazil Chocolate Market has seen the latest innovations which include the development of an efficient cocoa production system that is based on sustainability and is characterized by practices with low emissions of greenhouse gases and family farm production. Furthermore, chocolate varieties with high content of fiber, iron, magnesium, copper, and manganese are also being developed. Health benefits associated with moderate chocolate consumption have also gained popularity. A molecule called epicatechin, which can be found in chocolate and green tea protects the brain from the formation of sticky protein or amyloid plaques, which are prevalent in Alzheimer's disease. Besides, according to the Journal of Nutrition, chocolate consumption may aid in the reduction of low-density lipoprotein (LDL) cholesterol.
Mergers and Acquisitions:
- On February 15, 2021, Ingredion and Argentina-based confectionery firm Grupo Arcor agreed to form a joint venture that will serve customers in Argentina, Chile, and Uruguay.
Brazil Chocolate Market Synopsis
Brazil chocolate market is expected to grow over the coming years owing to a rise in chocolate production leading to an increase in demand for chocolates among people. Medium-class people in Brazil are driving the growth of the chocolate market in the country due to an increase in disposable income and a rising impulse among consumers to purchase chocolates. At the time of occasions such as Easter, Halloween, Christmas, and Valentine’s Day, chocolate consumption is witnessed to rise by 30%, so these occasions also play a huge role in propelling the growth of the chocolate market in Brazil.
According to 6Wresearch, Brazil Chocolate Market size is projected to grow at a CAGR of 3.1% during 2019–2025. Brazil dominated the Latin America chocolate market on account of a large amount of agricultural production of raw materials in the region. Additionally, Brazil aims to be one of the top cocoa growers over the coming years on account of growing Brazil’s National Association of the Cocoa Processing Industry (AIPC) initiatives to support cocoa plantations to reach 400,000 metric tons by 2028, which would fuel the growth of the chocolate market in Brazil.
Milk chocolate is the maximum revenue-generating type of chocolate due to its creamy and buttery taste but Dark chocolate is projected to witness maximum growth over the coming years due to a rise in health awareness among consumers as dark chocolate is rich in antioxidants and has less sugar content due to which it is attracting diabetic patients as well.
The Brazil chocolate market report comprehensively covers the market by product types, distribution channels, and chocolate types. The Brazil chocolate market outlook report provides an unbiased and detailed analysis of the Brazil chocolate market trends, Brazil chocolate market share, opportunities, high growth areas, and market drivers which would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Key Highlights of The Reports
- Brazil Chocolate Market Overview
- Brazil Chocolate Market Outlook
- Brazil Chocolate Market Forecast
- Historical Data of Brazil Chocolate Market Revenues for the Period 2015-2018
- Brazil Chocolate Market Size & Chocolate Market Forecast of Revenues, Until 2025
- Historical Data of Brazil Chocolate Market Revenues, By Product Types, for the Period 2015-2018
- Market Size & Forecast of Brazil Chocolate Market Revenues, By Product Types, Until 2025
- Historical Data of Brazil Chocolate Market Revenues, By Distribution Channels, for the Period 2015-2018
- Market Size & Forecast of Brazil Chocolate Market Revenues, By Distribution Channels, Until 2025
- Historical Data of Brazil Chocolate Market Revenues, By Chocolate Types, for the Period 2015-2018
- Market Size & Forecast of Brazil Chocolate Market Revenues, By Chocolate Types, Until 2025
- Market Drivers and Restraints
- Brazil Chocolate Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis and Market Opportunity Assessment
- Brazil Chocolate Market Share, By Players
- Brazil Chocolate Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Brazil chocolate market report provides a detailed analysis of the following market segments:
By Product Types
- Milk Chocolate
- White Chocolate
- Dark Chocolate
By Distribution Channels
- Supermarkets/ Hypermarkets
- Grocery/ Mom n Pop Stores
- Convenience Stores
- Online Channel
- Others (Specialized Retailers, Pharmacy, etc.)
By Chocolate Types
- Count lines & Straight lines
- Molded or Bar Chocolates
- Choco-panned & Sugar panned
- Others (Box chocolates, novelties, etc.)
Brazil Chocolate Market (2019-2025): FAQs
In terms of product type, Milk chocolate is the maximum revenue-generating type of chocolate due to its creamy and buttery taste but Dark chocolate is projected to witness maximum growth over the coming years due to a rise in health awareness among consumers as dark chocolate is rich in antioxidants and has less sugar content due to which it is attracting diabetic patients.
In terms of distribution channels, the supermarkets/ hypermarkets lead the market growth on account of availability of a wide range of products which attracts major customer base in Brazil.
In terms of chocolate type, Molded or Bar Chocolates has witnessed the maximum market growth on account of increase in disposable income and a rising impulse among consumers to purchase chocolates.
Brazil chocolate market is expected to grow over the coming years owing to a rise in chocolate production leading to an increase in demand for chocolates among people. Medium-class people in Brazil are driving the growth of the chocolate market in the country.
Rising prices of raw materials and stringent competition might impact the market growth over the coming years.
Yes, the report covers all key significant developments of the year 2023.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. Brazil Chocolate Market Overview |
| 3.1 Brazil Country Indicators |
| 3.2 Brazil Chocolate Market Revenues, 2015-2025F |
| 3.3 Brazil Chocolate Market Revenue Share, By Product Types, 2018 & 2025F |
| 3.4 Brazil Chocolate Market Revenue Share, By Distribution Channels, 2018 & 2025F |
| 3.5 Brazil Chocolate Market Revenue Share, By Chocolate Types, 2018 & 2025F |
| 3.6 Brazil Chocolate Market-Industrial Life Cycle |
| 3.7 Brazil Chocolate Market-Porter’s Five Force Model |
| 4. Brazil Chocolate Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. Brazil Chocolate Market Trends |
| 6. Brazil Chocolate Market Overview, By Product Types |
| 6.1 Brazil Milk Chocolate Market Revenues, 2015-2025F |
| 6.2 Brazil White Chocolate Market Revenues, 2015-2025F |
| 6.3 Brazil Dark Chocolate Market Revenues, 2015-2025F |
| 7. Brazil Chocolate Market Overview, By Distribution Channels |
| 7.1 Brazil Chocolate Market Revenues, By Supermarkets/ Hypermarkets, 2015-2025F |
| 7.2 Brazil Chocolate Market Revenues, By Grocery/ Mom n Pop Stores, 2015-2025F |
| 7.3 Brazil Chocolate Market Revenues, By Convenience Stores, 2015-2025F |
| 7.4 Brazil Chocolate Market Revenues, By Online Channel, 2015-2025F |
| 7.5 Brazil Chocolate Market Revenues, By Other Distribution Channels, 2015-2025F |
| 8. Brazil Chocolate Market Overview, By Chocolate Types |
| 8.1 Brazil Chocolate Market Revenues, By Count lines & Straight-lines, 2015-2025F |
| 8.2 Brazil Chocolate Market Revenues, By Moulded or Bar, 2015-2025F |
| 8.3 Brazil Chocolate Market Revenues, By Choco-Panned & Sugar Panned, 2015-2025F |
| 8.4 Brazil Chocolate Market Revenues, By Other Chocolate Types, 2015-2025F |
| 9. Brazil Chocolate Market – Key Performance Indicators |
| 10. Brazil Chocolate Market – Opportunity Assessment |
| 10.1 Brazil Chocolate Market Opportunity Assessment, By Distribution Channels, 2025F |
| 10.2 Brazil Chocolate Market Opportunity Assessment, By Chocolate Types, 2025F |
| 10.3 Brazil Chocolate Market Opportunity Assessment, By Product Types, 2025F |
| 11. Brazil Chocolate Market Competitive Landscape |
| 11.1 Brazil Chocolate Market Competitive landscape, By Technical and Operating Parameters |
| 11.2 Brazil Chocolate Market Revenue Share, By Company, 2018 |
| 12. Company Profiles |
| 12.1 Mondelez International, Inc. |
| 12.2 Mars, Incorporated |
| 12.3 Nestle Corporate |
| 12.4 Ferrero Group Corporate |
| 12.5 The Hershey Company |
| 12.6 Chocoladefabriken Lindt & Sprüngli |
| 12.7 Ghirardelli Chocolate Co. |
| 12.8 Yildiz Holding |
| 12.9 Groupo Arcor |
| 12.10 Rittersport Company |
| 13. Key Strategic Recommendations |
| 14. Disclaimer |
| LIST OF FIGURES |
| Figure 1. Brazil Chocolate Market Revenues, 2015-2025F ($ Million) |
| Figure 2. Brazil Chocolate Market Revenue Share, By Product Types, 2018 & 2025F |
| Figure 3. Brazil Chocolate Market Revenue Share, By Distribution Channels, 2018 & 2025F |
| Figure 4. Brazil Chocolate Market Revenues, By Distribution Channels, 2015-2025F ($ Million) |
| Figure 5. Brazil Chocolate Market Revenue Share, By Chocolate Types, 2018 & 2025F |
| Figure 6. Brazil Chocolate Market Opportunity Assessment, By Distribution Channels, 2025F |
| Figure 7. Brazil Chocolate Market Opportunity Assessment, By Chocolate Types, 2025F |
| Figure 8. Brazil Chocolate Market Opportunity Assessment, By Product Types, 2025F |
| LIST OF TABLES |
| Table 1. Brazil Chocolate Market Revenues, By Product Types, 2015-2025F ($ Million) |
| Table 2. Brazil Chocolate Market Revenues, By Chocolate Types, 2015-2025F ($ Million) |
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