Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Type (Nuts Milk Chocolate, Liqueur Milk Chocolate, Other), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), By Application (Residential, Commercial) And Competitive Landscape
Product Code: ETC079204 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Milk Chocolate Market is expected to be driven by innovation in products and packaging, impulse purchasing, and increase in consumption are driving the milk chocolate market. Growing demand for premium milk chocolate further accelerated the chocolate market in Latin America. Moreover, the consumers in Latin America are becoming more sophisticated and are increasingly searching for premium milk chocolate products, that are differentiated from common brands found in the retail sector. It is only over the past few years that premium milk chocolate has become desirable for the Brazilian market and other Latin American countries. Recently organic and fair-trade milk chocolate has been introduced in this country.
According to 6Wresearch, Latin America Milk Chocolate Market is anticipated to register growth during 2021-27. Brazil is the largest market share and dominates the chocolate consumption as well as production in the region. Brazil is expected to maintain its position in coming years. Moreover, Brazil is expected to produce double amount of coco by increasing their coco plantation across the country. Hence, the availability of the raw material will be quicker and cheaper which will be a major growth driver in the coming years. Countries such as Mexico and Brazil witness a lot of sports tourisms each year and this is leading to increased sales of chocolates as a light time snack. Milk chocolates are not only enjoyed by children, but also by adults, milk chocolate has gained much popularity and is anticipated to gain a significant position in the all over chocolate market of Latin America. The milk chocolate market in Latin America is competitive, with the significant presence of the top five global players, namely, Lindt & Sprungli AG, The Hershey Company, Ferrero Group, Mondelez International, and Nestle SA. Brand loyalty among the consumers gives these companies an upper edge. There is a minor market share that is earned by several smaller, premium milk chocolate companies, including Kopenhagen and Cauca Show.
The Latin America milk chocolate market is segmented on the basis of product type, by distribution channels, by chocolate type, and key countries including Brazil and Mexico. Based on products, melded chocolates are expected to capture the majority of the market revenues during the coming future years owing to the growing demand for custom and premium range of milk chocolates. Moreover, increasing demand for organic chocolates by consumers is one of the major factors to result in high growth revenue for this market segment. In Latin America milk chocolate market is available in alfajores, soft lines/selflines, boxed assortments, chocolate with toys, countlines, seasonal chocolate, molded chocolate and other chocolate confectionaries. Furthermore, the easy availability of the products in supermarkets, convenience stores, and online retail would positively influence the demand for milk chocolates in this region
The Latin America milk chocolate market report thoroughly covers the market by product type, form, nature, distribution channel and countries including Mexico, Brazil, Argentina, Chile and rest of Latin America. The Latin America milk chocolate market outlook report provides an unbiased and detailed analysis of the on-going Latin America milk chocolate market trends, opportunities/high growth areas, and market drivers, which would help the stakeholder to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The market report covers the following segment:
Other Key Reports Available:
Reports | |
North America Milk Chocolate Market | Asia Pacific Milk Chocolate Market |
Global Milk Chocolate Market | Middle East Milk Chocolate Market |
Europe Milk Chocolate Market | Africa Milk Chocolate Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Milk Chocolate Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Milk Chocolate Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Milk Chocolate Market - Industry Life Cycle |
3.4 Latin America Milk Chocolate Market - Porter's Five Forces |
3.5 Latin America Milk Chocolate Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Milk Chocolate Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Latin America Milk Chocolate Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.8 Latin America Milk Chocolate Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Latin America Milk Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Milk Chocolate Market Trends |
6 Latin America Milk Chocolate Market, 2017 - 2027 |
6.1 Latin America Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Latin America Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.3 Latin America Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
7 Brazil Milk Chocolate Market, 2017 - 2027 |
7.1 Brazil Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 Brazil Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.3 Brazil Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Mexico Milk Chocolate Market, 2017 - 2027 |
8.1 Mexico Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Mexico Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.3 Mexico Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Argentina Milk Chocolate Market, 2017 - 2027 |
9.1 Argentina Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Argentina Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.3 Argentina Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Rest of Latin America Milk Chocolate Market, 2017 - 2027 |
10.1 Rest of Latin America Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Rest of Latin America Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.3 Rest of Latin America Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Latin America Milk Chocolate Market Key Performance Indicators |
12 Latin America Milk Chocolate Market - Opportunity Assessment |
12.1 Latin America Milk Chocolate Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Milk Chocolate Market Opportunity Assessment, By Type, 2020 & 2027F |
12.3 Latin America Milk Chocolate Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
12.4 Latin America Milk Chocolate Market Opportunity Assessment, By Application, 2020 & 2027F |
13 Latin America Milk Chocolate Market - Competitive Landscape |
13.1 Latin America Milk Chocolate Market Revenue Share, By Companies, 2020 |
13.2 Latin America Milk Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |