Latin America Chocolate Powdered Drinks Market

Latin America Chocolate Powdered Drinks Market Size Analysis 2022 - 2027:

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 2022 - 2027.

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.

REPORT COVERAGE:

Recent Developments in Latin America Chocolate Powdered Drinks Market:

1. In September 2019, The Hershey Company completed the purchase of One Brands, LLC that sells a line of low-sugar, high-protein nutritional bars in the United States, with ONE Bar as its primary product. This acquisition has helped The Hershey Company to extend its product portfolio, thereby improving its revenue.
2. Nestlé announced the launch of its new Nesquik All Natural powder that comprises natural components and available in paper bag that can be recycled. Nestlé plans to launch the new Nesquik All Natural in five European markets of Spain, France, Italy, Germany, and Portugal in the near future.
3. Archer Daniels Midland Company announced the acquisition of De Zaan® cocoa powder. Cooking powders, which varies from natural powders to highly alkaline powders, will be added to ADM Cocoa's wide range of De Zaan® cocoa powders.
4. Mondelez International is expanding its product portfolio in India, which will soon cross billion dollars. Responding to changing consumer demands, the company planss to expand its business in India and other Asian countries.
5. Cargill Inc extends its operations by procuring Smet, a chocolate and candy decorations maker in Belgium. The deal is supposed to strengthen Cargill's food-focused business arm, which includes its existing inventory of cocoa and chocolate treats.
6. In February 2019, Olam International signed a deal that covers the purchase of BT Cocoa, Indonesia, which might help the former to capitalize on the Asian market to become a major supplier of cocoa powder.

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.

Market Segmentation

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.

Impact of COVID-19 on Latin America Chocolate Powdered Drinks Market

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.

Regional Analysis

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.

Leading Company

Nestle S.A. had the largest share of the Latin America Chocolate Powdered Drinks Market in terms of sales and revenue in 2020.

Key Players

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.