Latin America Chocolate Powdered Drinks Market size was at USD xx.xx million in 2021 and is foreseen to arrive at USD xx.xx million, developing with a CAGR of xx% throughout the outlook period 2020-2025.
Instant chocolate drinks can be made simply by adding the contents to a glass or mug, adding water or milk, and can be served either hot or cold. Water-based powdered chocolate drinks are generally cold drinks that include carbonated drinks or energy drinks. Milk-based chocolate drinks include chocolate drinks, protein shakes, cappuccino mixes, etc. settled down. Improvements and advancements in powdered chocolate drinks, such as the addition of nuts, natural flavors, and herbs, provide additional health benefits of chocolate powdered drinks.
Market Drivers and Restraints:
Chocolate has always been a popular product in various forms for the vast majority of consumers. Chocolate products and drinks are widely consumed at home, in cafes, shops and coffee shops, in tetra containers, bottles, and sachets, without a prescription in cups, mugs, glasses and others. Changing lifestyle, increasing disposable income and changing eating habits are among the key factors in the demand for cold drinks. Factors such as low production costs and health benefits are growth drivers of the Latin American chocolate powdered drinks market. The increasing adoption of new trends has a positive impact on the growth of the local market. The development of new products and the reduction of the cost of finished products will open up new market opportunities. Additionally, improving the taste and effective branding of powdered beverages by manufacturers is an important factor in supporting the Latin American market growth. However, adulteration and poor quality of the products is a limiting factor affecting the growth of the target market.
The Latin America Chocolate Powdered Drinks market is segmented by type, end-use, and distribution channels.
The growing popularity of Chocolate Powdered Drinks in confectionery products has mainly contributed to the increase in sales of the chocolate segment. Dark chocolate has a higher share of the Chocolate Powdered Drinks Market among other types of chocolate due to the emerging trend of premium chocolate. These chocolates are gaining popularity as gourmet gifts on festive occasions. The trend to try various flavors in chocolate confectionery is likely to further drive growth in the segment. The food and beverage industry is booming around the world, offering many opportunities for the Chocolate Powdered Drinks Market. Chocolate has remained a leading flavor in the launches of new beverage, bakery and confectionery products.
Based on the distribution channel, the Latin American market is mainly bifurcated as store-based and non-store based.
Based on the end-users, the Chocolate Powdered Drinks Market is segmented into energy drinks, dairy drinks, cappuccino mixes, protein shakes, and chocolate drinks that can be served both hot and cold.
The Latin America Chocolate Powdered Drinks Market has experienced a sudden halt amid the outbreak of the coronavirus pandemic due to the major shift in demand dynamics. The outbreak is expected to negatively affect Chocolate Powdered Drinks sales for a period of time due to the lockdown situation. Chocolate confectionery and cocoa are not considered essential products and consumer demand for these products has declined in these countries in recent months. The ongoing novel coronavirus is supposed to reduce demand in the Latin America Chocolate Powdered Drinks market, while disrupting the supply chain for a short period. Chocolate manufacturers may experience a decline in sales that is foreseen to negatively impact the growth of the Latin America Market. Furthermore, the demand for high-end products is supposed to gradually decrease due to the economic crisis.
The Latin America Chocolate Powdered Drinks market has been divided by geography into Mexico, Brazil, Peru, Chile, and the rest of the Latin America. Latin America is one of the key emerging regions, which will generate significant opportunities to the Chocolate Powdered Drinks Market during the outlook period due to the emerging trend for organic white label products to maintain overall health and wellness, along with the increased demand for dark and sugar-free chocolates. Increasing awareness of workplace wellness is also foreseen to drive demand in the years to come.
Nestle S.A. had the largest share of the Latin America Chocolate Powdered Drinks Market in terms of sales and revenue in 2020.
Prominent players in the Latin America Chocolate Powdered Drinks Market include Niche Cocoa Industry, Nestle S.A., BD Associates Ghana Ltd, ECOM Agroindustrial Corporation Ltd., Fuji Oil Company, Ltd., Barry Callebaut AG, Olam International, and Cargill.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Dark chocolate powdered drink
5.1.3 Milk chocolate powdered drink
5.1.4 White chocolate powdered drink
5.1.5 Y-o-Y Growth Analysis, By type
5.1.6 Market Attractiveness Analysis, By type
5.1.7 Market Share Analysis, By type
5.2 End user
5.2.2 Energy drinks
5.2.3 Milk beverages
5.2.4 Cappuccino mixes
5.2.5 Protein shakes
5.2.6 Chocolate drinks
5.2.7 Y-o-Y Growth Analysis, By end user
5.2.8 Market Attractiveness Analysis, By end user
5.2.9 Market Share Analysis, By end user
5.3 Distribution channel
5.3.2 Supermarkets and hypermarkets
5.3.3 Convenience stores
5.3.4 Speciality store
5.3.5 Online sales
5.3.6 Y-o-Y Growth Analysis, By distribution channel
5.3.7 Market Attractiveness Analysis, By distribution channel
5.3.8 Market Share Analysis, By distribution channel
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By end user
184.108.40.206 By distribution channel
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By type
22.214.171.124 By end user
126.96.36.199 By distribution channel
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By type
220.127.116.11 By end user
18.104.22.168 By distribution channel
6.4 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Nestlé S.A.
8.4 Mars Inc.
8.5 GlaxoSmithKline Plc
8.6 PepsiCo Inc.
8.7 Kanegrade Ltd
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures