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Latin America Cocoa And Chocolate Market By Chocolate Type (Dark Chocolate, Milk Chocolate, White Chocolate And Filled Chocolate) By Cocoa Type (Cocoa Butter, Cocoa Liquor And Cocoa Powder) By Application (Cosmetics, Pharmaceuticals, Food And Beverage And Confectionery), and By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2022 to 2027)

Published: January, 2022
ID: 2473
Pages: 135

Latin America Cocoa and Chocolate Market Growth and Forecast (2022 - 2027):

The Latin America Cocoa and Chocolate Market was worth $18.04 billion in 2021 and estimated to be growing at a CAGR of 2.19%, to reach $20.1 billion by 2026. The market is growing steadily in the mentioned period. Cocoa content in the chocolate defines the category of the chocolate. Milk chocolate has the highest share of about 50% of all the chocolate consumption but they contain approximately 10% cocoa, content-wise. While, chocolate is considered as “dark chocolate” if it has above 60% cocoa in it.

Market Overview:

The cocoa and chocolate market has been growing at a steady pace. Strong demand is driving the cocoa and chocolate market in the Latin America. Cocoa provides flavour, colour and texture to products. Additionally, it has anti-inflammatory, anti-oxidative and anti-depressant properties. The market for these ingredients is growing especially in the developing economies like China and India. Dark chocolate contains even higher amounts of antioxidants, which are perceived to prevent certain types of diseases like Cardiac arrest. Health benefits like these, believed by certain people and doctors, have been the main reason behind growth for products with high quantities of cocoa.

Drivers:

Fast and steady growth in demand is not evenly matched against an unpredictable and unstable supply. But chocolate consumers are not generally price sensitive. Except in some very rare circumstances consumers are, in general, ready to purchase cocoa product at any given price. The growing demand for chocolate and cocoa in industries is the major driver of the market. The health-related benefits of chocolate and cocoa in cosmetics and pharmaceuticals has enough evidence needed to back manufacturers in order to consider using such ingredients.

Latin America Cocoa and Chocolate Market Segmentation Analysis:

The Latin America market for Chocolate and Cocoa is characterized on the basis of Chocolate Type (Dark Chocolate, White Chocolate, Milk Chocolate and Filled Chocolate), by Cocoa type (Cocoa Liquor, Cocoa Powder and Cocoa Butter). Based on Application, the market is segmented into Food and Beverage, Pharmaceuticals, Cosmetics, and Confectionery. The milk and white chocolate segment is estimated to grow at the highest rate.

Region Analysis:

Geographically the Latin America Cocoa And Chocolate Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Brazil has the fastest growth rate, and Mexico has the largest market share in Latin America. The cocoa liquor segment leads the cocoa market in 2018. Consumer awareness about health benefits of cocoa has led to some of the important innovations in the Latin America cocoa and chocolate industry.

Key Players in the Market:

Major Key Players in the Latin America Cocoa And Chocolate Market are

  • Barry Callebaut
  • Indcresa
  • Blommer
  • JB Foods Limited
  • ADM
  • Plot Ghana
  • Dutch Cocoa
  • Cargill
  • Bunge
  • Cocoa Processing Company Limited

1.Introduction                                  

                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                                           

                2.1 Introduction                               

                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. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

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 Chocolate Type                         

                                5.1.1 Introduction           

                                5.1.2 Dark Chocolate      

                                5.1.3 Milk Chocolate      

                                5.1.4 White Chocolate   

                                5.1.5 Filled Chocolate    

                                5.1.6  Y-o-Y Growth Analysis, By Chocolate Type 

                                5.1.7  Market Attractiveness Analysis, By Chocolate Type

                                5.1.8  Market Share Analysis, By Chocolate Type   

                5.2 Cocoa Type                 

                                5.2.1 Introduction           

                                5.2.2 Cocoa Butter          

                                5.2.3 Cocoa Liquor          

                                5.2.4 Cocoa Powder       

                                5.2.5 Y-o-Y Growth Analysis, By Cocoa Type        

                                5.2.6 Market Attractiveness Analysis, By Cocoa Type

                                5.2.7 Market Share Analysis, By Cocoa Type        

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Cosmetics                

                                5.3.3 Pharmaceuticals   

                                5.3.4 Food & Beverage 

                                5.3.5 Confectionery       

                                5.3.6 Y-o-Y Growth Analysis, By Application         

                                5.3.7  Market Attractiveness Analysis, By Application  

                                5.3.8  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Chocolate Type

                                                6.1.3.3 By Cocoa Type

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Chocolate Type

                                                6.1.4.3 By Cocoa Type

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Chocolate Type

                                                6.1.5.3 By Cocoa Type

                                                6.1.5.4 By Application

                6.2 Brazil                             

                6.3 Mexico                         

                6.4 Rest of Latin America                             

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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 Cargill                            

                                8.1.1 Overview 

                                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 ADM                              

                8.3 Bunge                           

                8.4 Barry Callebaut                         

                8.5 Plot Ghana                  

                8.6 Dutch Cocoa                               

                8.7 Cocoa Processing Company Limited                 

                8.8 Indcresa                       

                8.9 Blommer                     

                8.10 JB Foods Limited                    

9.Competitive Landscape                                            

                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   

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

 

  1. Latin America Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  2. Latin America Dark Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  3. Latin America Milk Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  4. Latin America White Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  5. Latin America Filled Chocolate Market By Region, From 2022 - 2027 ( USD Billion )
  6. Latin America Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  7. Latin America Cocoa Butter Market By Region, From 2022 - 2027 ( USD Billion )
  8. Latin America Cocoa Liquor Market By Region, From 2022 - 2027 ( USD Billion )
  9. Latin America Cocoa Powder Market By Region, From 2022 - 2027 ( USD Billion )
  10. Latin America Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )
  11. Latin America Cosmetics Market By Region, From 2022 - 2027 ( USD Billion )
  12. Latin America Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )
  13. Latin America Food & Beverage Market By Region, From 2022 - 2027 ( USD Billion )
  14. Latin America Confectionery Market By Region, From 2022 - 2027 ( USD Billion )
  15. Brazil Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  16. Brazil Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  17. Brazil Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )
  18. Argentina Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  19. Argentina Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  20. Argentina Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )
  21. Mexico Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  22. Mexico Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  23. Mexico Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )
  24. Rest of Latin America Cocoa and Chocolate Market By Chocolate type, From 2022 - 2027 ( USD Billion )
  25. Rest of Latin America Cocoa and Chocolate Market By Cocoa type, From 2022 - 2027 ( USD Billion )
  26. Rest of Latin America Cocoa and Chocolate Market By Application , From 2022 - 2027 ( USD Billion )

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