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Latin America Chocolate Based Spreads Market By Type (Milk Chocolate, Dark Chocolate And White Chocolate), By Frequency Of Sale (Premium Chocolate, Daily Chocolate And Seasonal Chocolate), By Distribution Channel (Supermarkets And Hypermarkets, Grocery Stores, Speciality Stores And Online Retail) And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: January, 2022
ID: 6019
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Chocolate Based Spreads Market Size Growth Trends:

Latin America Chocolate Based Spreads Market was worth USD xx billion in 2021 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2026. Chocolate spread is a sweet chocolate-flavoured paste which is eaten mostly spread on toasts and breads or similar grain products such as waffles, muffins, pancakes, and pitas.

Although chocolate spreads taste, smell, and look like chocolate, they do not solidify, even at room temperature. The paste typically contains cocoa and palm or vegetable oil, and is also likely to contain sugar, milk and additional flavours. At times, it also includes nuts such as ground hazelnuts or honey. Chocolate spread is normally sold in plastic tubs or glass jars.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

XX%

Segments Covered

By Type, By Frequency of Sale, and By Distributional Channels

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Countries Covered

Brazil, Mexico, and Argentina

Market Leaders Profiled

J.M. Smucker, Kraft Foods, Unilever Group, ConAgra Foods Inc., Ferrero Group, Hershey Co.,  B & G Foods Inc., Nestle, Wellness Foods and Premier Foods

The key driving factors of Latin America Chocolate Based Spreads market are shifting consumer taste preferences and growing spending on chocolate and other confectionary products. Growing urbanization, widespread availability of chocolate and growing awareness about the various health benefits which can be obtained from the consumption of chocolate and derived products will remain another key factor fuelling the market for chocolate based spreads Latin Americaly. The chief constraint of the market is uncertain economy of the cocoa supply which is likely to raise chocolate prices.

The Latin America Chocolate Based Spreads market is segmented based on type into milk chocolate, dark chocolate, and white chocolate. Milk chocolate is expected to have the largest share in the segment. By frequency of sale, the market is categorised into premium chocolate, daily chocolate, and seasonal chocolate. Daily chocolate leads the market in this segment. By distribution channel, the market is divided into supermarkets and hypermarkets, grocery stores, speciality stores and online retail.

The Latin America Chocolate Based Spreads market is divided based on geography into Brazil, Argentina, Chile, Peru and other parts of the region. In this region, Brazil has the largest market share. Factors such as rising disposable incomes and changing consumer preferences are expected to propel the market growth in the region.

Some of the major players in the market are J.M. Smucker, Kraft Foods, Unilever Group, ConAgra Foods Inc., Ferrero Group, Hershey Co.,  B & G Foods Inc., Nestle, Wellness Foods and Premier Foods among others.

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