Latest 2021 Developments

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 emission of greenhouse gases and family farm production. Furthermore, chocolate varieties with high content of fibre, 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.

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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 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 device 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.)

Other Key Reports Available:

• Japan Chocolate Market Report
• UAE Chocolate Market Report
• India Chocolate Market Report
• Saudi Arabia Chocolate Market Report