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Market Research Report
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1039629

Latin America Sugar Confectionery Market Outlook, 2026

Published: | Bonafide Research & Marketing Pvt. Ltd. | 82 Pages | Delivery time: 1-2 business days

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Latin America Sugar Confectionery Market Outlook, 2026
Published: October 9, 2021
Bonafide Research & Marketing Pvt. Ltd.
Content info: 82 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The report titled 'Latin America Sugar Confectionery Market Outlook, 2026' published by identifies and discusses recent developments in sugar confectioneries across the region. This report not only serves with the facts, figures, and forecasts but also has a detailed study about the Covid effect on the industry. As the name suggests, this sweet-tasting is loved by all age groups across the globe. The market has been in growth at a steady pace on account of the high demand from middle-class consumers. This market is divided into different product types of Hard Boiled Sweets, Plain Mints, Caramel/ Toffee, Chewy, Novelty, Licorice, Sugar-free, and Others, Children, Adult & Geriatric, in terms of age group, based on sales channel: Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, E-commerce & Others, and by region & country.

The growth of the Latin America sugar confectionery market is aided by the increasing trend of gifting. This regional market has been contributing to the lowest in the global market, with a mere value of USD 1.36 Billion in the year 2015. As these products are now seen as an alternative to chocolates, the local players who already have established themselves in the chocolate industry are now significantly investing in sugar confectionery production. This is to allow the market to grow with an anticipated CAGR of 6.72%, through the forecasted period.

By means of product type, the Latin America sugar confectionery market is highly inclined towards the chewy confectionery segment, which in 2020 held 37% of the market. One of the major hurdles in the market growth is the increasing cases of obesity & diabetes. This has made people shy away from sugar consumptions and move towards low-calorie food items. In order to capture this market gap, the manufacturers have been focusing on the production of sugar-free confectionery, which in the forecasted period, is to grow with a CAGR of 9.85%, considerably the highest among the segment.

Much similar to the global trend, the convenience stores segment leads the market in Latin America. This segment amounted to USD 0.68 Billion in the year 2020. However, there has been a shift in the consumption pattern for the years 2020 and 2021, given the closure of non-essential outlets, and the increasing preference for online shopping. By the end of the forecasted period, the e-commerce sales channel is to be the fastest-growing segment with a CAGR of 9.95%. In countries like Argentina, kiosks are seen as an important channel of advertisement in the sugar confectionery industry. Even though the Covid pandemic lockdown, the kiosks chains like Open 25 and 365 have partnered with PedidosYa, and Rappi benefitted a sales boost.

The adult age group segment is dominating in the region, with is also expected to show an incline in the market share and grow with the highest CAGR in the forecasted period. The companies have been focusing on continuous promotions through social media to keep a hold on this segment of consumers. Yet, on the other hand, the increasing health awareness about early age obesity is to hamper the market. This is to cast its direct impact on the market, which is to restrict the growth of the children age group segment to 6.34% in the forecasted period.

Among the studied Latin American countries, nearly 40% of the market share is held by Brazil, which can be attributed to the increasing middle-class population and the rise of the F&B industry in the country. Also, in recent years, the country has experienced a significant increase in the export of confectioneries.

The leading companies are focusing on improvising their global position by enhancing their product line and through mergers & acquisitions. Understanding the changes in lifestyles, companies are now innovating and introducing new products to cater to the customers' growing needs.

Companies Mentioned:

Mars Wrigley Confectionery, div. of Mars Inc., Ferrero Group, Haribo GmbH & Co. K.G., Perfetti Van Melle, Meiji Co. Ltd., Nestle SA, Hershey Co., LOTTE CONFECTIONERY CO., LTD., Mondelez International, Lindt & Sprungli AG

CONSIDERED IN THE REPORT

  • Geography: Latin America
  • Base year: 2020
  • Historical year: 2015
  • Forecasted year: 2026

REGIONS COVERED:

  • Latin America
  • Brazil
  • Argentina
  • Columbia
  • Chile

ASPECTS COVERED IN THE REPORT

  • Global Market Size By Value for the time period (2015-2026F)
  • Regional Market Size By Value for the time period (2015-2026F)
  • Country Wise Market Size By Value for the time period (2015-2026F)
  • Market Share by Product Type (Hard Boiled Sweets, Plain Mints, Caramel/ Toffee, Chewy, Novelty, Licorice, Sugar-free, Others) By Value
  • Market Share by Age Group (Children(1-20 Age), Adult (20-55) & Geriatric(55 and above)) By Value
  • Market Share by Sales Channel (Supermarket/Hypermarket, Convenience Stores, Pharmaceutical & Drug Stores, E-commerce & Others) By Value
  • Market Share by Company

This report would help you answer the following questions:

  • 1. What is the market size and forecast of the Sugar Confectionery Market?
  • 2. What are the inhibiting factors and impact of COVID-19 shaping the Sugar Confectionery Market during the forecast period?
  • 3. Which region outstands in the Sugar Confectionery Market?
  • 4. Which are the segments to invest in over the forecast period in the Sugar Confectionery Market?
  • 5. What is the competitive strategic window for opportunities in the Sugar Confectionery Market?
  • 6. What are the technology trends and regulatory frameworks in the Sugar Confectionery Market?
  • 7. What are the major companies in the Sugar Confectionery Market?
Product Code: 211029855

Table of Contents

Table Of Content

1. Executive Summary

2. Report Methodology

3. Market Structure

  • 3.1. Market Considerate
  • 3.2. Market Definition

4. Global Sugar Confectionery Market Outlook

  • 4.1. Market Size By Value
  • 4.2. Market Share
    • 4.2.1. By Type
    • 4.2.2. By Age Group
    • 4.2.3. By Sales Channel
    • 4.2.4. By Region
    • 4.2.5. By Country
    • 4.2.6. By Company

5. Latin America Sugar Confectionery Market Outlook

  • 5.1. Market Size By Value
  • 5.2. Market Share
    • 5.2.1. By Type
    • 5.2.2. By Age Group
    • 5.2.3. By Sales Channel
    • 5.2.4. By Country
  • 5.3. Brazil Sugar Confectionery Market Outlook
    • 5.3.1. Market Size By Value
    • 5.3.2. Market Share
      • 5.3.2.1. By Type
      • 5.3.2.2. By Age Group
      • 5.3.2.3. By Sales Channel
  • 5.4. Argentina Sugar Confectionery Market Outlook
    • 5.4.1. Market Size By Value
    • 5.4.2. Market Share
      • 5.4.2.1. By Type
      • 5.4.2.2. By Age Group
      • 5.4.2.3. By Sales Channel
  • 5.5. Columbia Sugar Confectionery Market Outlook
    • 5.5.1. Market Size By Value
    • 5.5.2. Market Share
      • 5.5.2.1. By Type
      • 5.5.2.2. By Age Group
      • 5.5.2.3. By Sales Channel
  • 5.6. Chile Sugar Confectionery Market Outlook
    • 5.6.1. Market Size By Value
    • 5.6.2. Market Share
      • 5.6.2.1. By Type
      • 5.6.2.2. By Age Group
      • 5.6.2.3. By Sales Channel

6. Market Dynamics

  • 6.1. Key Drivers
  • 6.2. Key Challenges

7. Market Trends and Developments

8. Porter's Five Forces

9. Company Profiles

  • 9.1. Ferrero Group
  • 9.2. Haribo GmbH & Co. K.G.
  • 9.3. Lindt & Sprungli AG
  • 9.4. Lotte Confectionery
  • 9.5. Mars Wrignery
  • 9.6. Meiji Holdings Co. Ltd
  • 9.7. Mondel?z International
  • 9.8. Nestle S.A
  • 9.9. Perfetti Van Melle
  • 9.10. The Hershey Company

10. Strategic Recommendations

11. Disclaimer

List of Figures

  • Figure 1: Global Sugar Confectionery Market Size - By Value 2015 to 2026F (In USD Billion)
  • Figure 2: Global Sugar Confectionery Market Share By Age Group (2015, 2020 & 2026F)
  • Figure 3: Latin America Sugar Confectionery Market Size - By Value 2015 to 2026F (In USD Billion)
  • Figure 4: Latin America Sugar Confectionery Market Share By Age Group (2015, 2020 & 2026F)
  • Figure 5: Brazil Sugar Confectionery Market Size - By Value 2015 to 2026F (In USD Billion)
  • Figure 6: Brazil Sugar Confectionery Market Share By Age Group (2015, 2020 & 2026F)
  • Figure 7: Argentina Sugar Confectionery Market Size - By Value 2015 to 2026F (In USD Billion)
  • Figure 8: Argentina Sugar Confectionery Market Share By Age Group (2015, 2020 & 2026F)
  • Figure 9: Columbia Sugar Confectionery Market Size - By Value 2015 to 2026F (In USD Billion)
  • Figure 10: Columbia Sugar Confectionery Market Share By Age Group (2015, 2020 & 2026F)
  • Figure 11: Chile Sugar Confectionery Market Size - By Value 2015 to 2026F (In USD Billion)
  • Figure 12: Chile Sugar Confectionery Market Share By Age Group (2015, 2020 & 2026F)
  • Figure 13: Porter's Five Force Model for Electric Bicycle Industry

List of Tables

  • Table 1: Global Sugar Confectionery Market Share By Product Type (2015- 2020)
  • Table 2: Global Sugar Confectionery Market Share By Product Type (2021F-2026F)
  • Table 3: Global Sugar Confectionery Market Share By Sales Channel (2015, 2020 & 2026F)
  • Table 4: Global Sugar Confectionery Market Share By Region (2015, 2020 & 2026F)
  • Table 5: Global Confectionery Market Share By Country (2015, 2020 & 2026F)
  • Table 6: Global Sugar Confectionery Market Share By Company (2020)
  • Table 7: Latin America Sugar Confectionery Market Share By Product Type (2015- 2020)
  • Table 8: Latin America Sugar Confectionery Market Share By Product Type (2021F-2026F)
  • Table 9: Latin America Sugar Confectionery Market Share By Sales Channel (2015, 2020 & 2026F)
  • Table 10: Latin America Sugar Confectionery Market Share By Country (2015, 2020 & 2026F)
  • Table 11: Brazil Sugar Confectionery Market Share By Product Type (2015- 2020)
  • Table 12: Brazil Sugar Confectionery Market Share By Product Type (2021F-2026F)
  • Table 13: Brazil Sugar Confectionery Market Share By Sales Channel (2015, 2020 & 2026F)
  • Table 14: Argentina Sugar Confectionery Market Share By Product Type (2015- 2020)
  • Table 15: Argentina Sugar Confectionery Market Share By Product Type (2021F-2026F)
  • Table 16: Argentina Sugar Confectionery Market Share By Sales Channel (2015, 2020 & 2026F)
  • Table 17: Columbia Sugar Confectionery Market Share By Product Type (2015- 2020)
  • Table 18: Columbia Sugar Confectionery Market Share By Product Type (2021F-2026F)
  • Table 19: Columbia Sugar Confectionery Market Share By Sales Channel (2015, 2020 & 2026F)
  • Table 20: Chile Sugar Confectionery Market Share By Product Type (2015- 2020)
  • Table 21: Chile Sugar Confectionery Market Share By Product Type (2021F-2026F)
  • Table 22: Chile Sugar Confectionery Market Share By Sales Channel (2015, 2020 & 2026F)
  • Table 23: Key Facts of Ferrero Group
  • Table 24: Key Facts of Haribo GmbH & Co. K.G.
  • Table 25: Key Facts of Lindt & Sprungli AG
  • Table 26: Key Facts of Lotte Confectionery
  • Table 27: Key Facts of Mars Wrignery
  • Table 28: Key Facts of Meiji Holdings Co. Ltd
  • Table 29: Key Facts of Mondel?z International
  • Table 30: Key Facts of Nestle S.A
  • Table 31: Key Facts of Perfetti Van Melle
  • Table 32: Key Facts of The Hershey Company