Latin America Candy Market

Latin America Candy Market Size, Share, Growth (2022-2027)

Latin America Candy Market was worth USD 11.03 billion in 2021 and is estimated to be growing at a CAGR of 4.0%, to reach USD 13.42 billion by 2027

Latin America Candy Market Overview

Candies are a type of confectionary food that has sugar as the chief ingredient. Candies also referred as sweets or lollies, are a confection that features sugar as a primary ingredient. The category called sugar confectionery encompasses any sweet confection including chocolate, chewing gum, and sugar candy. Vegetables, fruits, or nuts which have been glazed and coated with sugar are said to be candied. Unlike sweet pastries served for a dessert course at the end of a meal, candies are normally eaten casually, often with the fingers, as a snack between mealsPrimary factors accounted for driving the market are increasing disposable income, the introduction of various flavors attracting all categories of consumers and product innovation creating sugar-free as well as no artificial flavor additive variants. However, stringent government regulations and health concerns regarding excessive candy consumption are the factors hindering the growth of the market.

Latin America Candy Market Segmentation

based on

• Type 

• Distribution Channel

Based on Type

• Chocolate Candy 

• Non Chocolate Candy

Non Chocolate Candy is further segmented as Hard Rolled Candies, Breath Sweeteners, Caramels, Gummies and Others.

Based on Distribution Channel

• Supermarkets

• Convenience Stores

• Grocery Stores

• Online

Latin America Candy Market Geographical Analysis:

• Brazil

• Argentina

• Mexico

• Rest of Latin America

Brazil holds the major share in the market due to the presence of market leaders as well as a large population of candy-consuming individuals. Argentina is the fastest-growing region due to increasing demand and product innovation and increasing disposable income. Hard rolled Candies and Chocolate candies hold the major share in the market while gummies and caramels are expected to grow the fastest due to the shifting of consumers towards soft and fruit flavored candies. Based on Distribution channel supermarkets hold the major share in the market due to easy accessibility of consumers while online retails are expected to grow the fastest.

Keyplayers

1. Arcor

2. August Storck KG

3. Yildiz Holding

4. Cemoi

5. Chocoladefabriken Lindt & Sprungli AG

6. United Confectionary Manufacturers

7. Crown Confectionary Co. Ltd.

8. DeMet’s Candy Co.

9. Ezaki Glico Co. Ltd.

10. Ferrero Group

11. Lotte Confectionary

12. Mars Inc.

13. Hersheys Co

14. General Mills