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Opportunities in the Latin American Confectionery Sector: Analysis of Opportunities Offered by High Growth Economies

Opportunities in the Latin American Confectionery Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Confectionery sector was valued at US$156.4 Billion in 2016 and is forecast to record a CAGR of 4.6% during 2016-2021 to reach US$195.8 Billion by 2021. With a value share of 29.6% in the global Confectionery sector in 2016, Western Europe represents the largest regional market, while Latin America accounted for a 6.7% share in 2016 and is forecast to grow at a CAGR of 2.4% during 2016-2021.

Latin American Confectionery sector is forecast to grow from US$10,428.7 Million in 2016 to US$11,722 Million in 2021, registering a CAGR of 2.4%. Chocolate is the largest market, followed by Sugar Confectionery and Gum. The Chocolate market was valued at US$6,017 Million in 2016, and Sugar Confectionery and Gum were valued at US$2,838.2 Million and US$1,573.5 Million respectively. Chocolate is also the fastest-growing market, with value sales expected to grow at a CAGR of 3.1% during 2016-2021.

Convenience Stores is the most popular channel for Confectionery in Latin America, accounting for 36.2% of the overall sales, followed by Hypermarkets & Supermarkets with a 29.1% share. Preference for Convenience stores among Brazilians is high in all the three markets in Confectionery while in Colombia, Chile, and Peru, Hypermarkets & Supermarkets have a higher value share compared to Convenience Stores.

Flexible Packaging is the most commonly used packaging material in the Latin American Confectionery sector with 69.4% market share (in packaging unit terms) in 2016, while Bag/Sachet is the most used pack type, accounting for 31% share in the same year. Film is the most commonly used packaging closure type, accounting for a 48.3% share in 2016, while Sleeve is the most commonly used packaging outer type accounting for a 48.4% share in the same year.

Overall Confectionery sector in the Latin American region is partly consolidated with the top five brands - Trident, Goroto, Lacta, Arcor, and Especialidades - accounting for 26.4% of the market value in 2016. Private labels accounted for only 0.7% share in the overall Latin American Confectionery sector in 2016.

The report Opportunities in the Latin American Confectionery Sector brings together multiple data sources to provide a comprehensive overview of the Latin American Confectionery sector.

In particular, this report provides the following analysis -

  • Market Overview: Includes sector size, market size and growth analysis by markets.
  • Change in Consumption: Provides a shift in the consumption of Confectionery by markets across different countries in the Latin American region.
  • High Potential Countries: Includes Risk-Reward analysis of six countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of six, a total of four high potential countries are shortlisted.
  • Health & Wellness Analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery in 2016. It also covers the market share of leading companies offering Confectionery with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in the Latin American region, besides analyzing the growth of private labels in the region.
  • Key Distribution Channels: Provides analysis on the leading distribution channels in the Latin American Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, “Dollar Stores” & Variety Stores, Vending Machines, and Others that include eRetailers, Cash & Carries & Warehouse Clubs, Drug stores & Pharmacies, and Other Retailers.
Companies mentioned in this report: The Hershey Company, Perfetti Van Melle, Nestle, Mondelez, Mars, Grupo Nutresa, Grupo Bimbo, Ferrero, Carozzi, Arcor.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Latin American Confectionery sector. It includes analysis on the following -
  • Market overview: Includes sector size, market size and growth analysis by markets.
  • Change in consumption: Provides a shift in the consumption of Confectionery by markets across different countries in the Latin American region.
  • High potential countries: Includes Risk-Reward analysis of six countries across the Latin American region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of six, a total of four high potential countries are shortlisted.
  • Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Confectionery sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Confectionery in 2016. It also covers the market share of leading companies offering Confectionery with health and wellness attributes in the same year.
  • Brand Analysis: Provides an overview of leading brands in the Latin American region, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels in the Latin American Confectionery sector in 2016. It covers five distribution channels - Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Department Stores, “Dollar Stores” & Variety Stores, Vending Machines, and Others that include eRetailers, Cash & Carries & Warehouse Clubs, Drug stores & Pharmacies, and Other Retailers.
  • Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various packaging materials, pack types, closure and outer types based on the volume sales (by pack units) of Confectionery.
Reasons to buy
  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates


  • Executive Summary
  • Market size and growth analysis
    • Market Size in Context – Latin America compared to other regions
      • Table Regional comparison: Market size, growth, and per capita analysis, 2016–2021
    • Growth Analysis by region
    • Growth Analysis by country
    • Growth Analysis by Market
  • Identifying high potential countries in Latin America
    • High potential countries in Latin America
    • Identifying high potential countries – Methodology
    • Identifying high potential countries – Risk, reward and opportunity analysis
  • Market size and growth analysis High potential countries in Latin America
    • High potential countries in Latin America – Overview
      • Table Brazil is the largest Confectionery market in Latin America, while Chile leads growth during 2016–2021
    • Growth Contribution Analysis by Country (1/2)
    • Growth Analysis Contribution by Country (2/2)
    • Share of Confectionery compared to other Food sectors
    • Change in consumption levels by country and markets
    • Per Capita Consumption and Expenditure analysis
  • Country Profiles High potential countries in Latin America
    • Chile
      • Chilean Confectionery – Overview
      • Chilean Confectionery – Demographic analysis
      • Chilean Confectionery – Key trends
    • Colombia
      • Colombian Confectionery – Overview
      • Colombian Confectionery – Demographic analysis
      • Colombian Confectionery – Key trends
    • Brazil
      • Brazilian Confectionery – Overview
      • Brazilian Confectionery – Demographic analysis
      • Brazilian Confectionery – Key trends
    • Peru
      • Peruvian Confectionery – Overview
      • Peruvian Confectionery – Demographic analysis
      • Peruvian Confectionery – Key trends
  • Success Stories
    • About Case Studies
    • Case Study: Pacari - Premium Organic Chocolate
    • Case Study: Hershey's Chocotubs
    • Case Study: Maraná Craft Chocolate
  • Company and Brand Analysis
    • Brand Share analysis in the Confectionery sector
    • Top companies in the Latin American Confectionery sector
    • Top brands in the Latin American Confectionery sector
    • Private label penetration in the Confectionery sector
      • Table Private label penetration (in value terms) in the Confectionery sector, 2016
  • Health & Wellness Analysis
    • Health & Wellness Analysis – Overview
      • Table Health & Wellness value and its share in overall sales, 2011–2021
    • Health & Wellness Analysis – Growth contribution by country
    • Health & Wellness Analysis – Key product attributes and consumer benefits
    • Leading Health & Wellness companies by market share
  • Key Distribution Channels
    • Leading Distribution Channels by countries
      • Table Leading Distribution Channels in the Latin American region by countries, 2016
    • Leading Distribution Channels by markets (1/3)
      • Table Leading Distribution Channels in Latin American region by markets, 2016
  • Key Packaging Formats
    • Growth analysis by key Packaging Material and Container Type
    • Growth analysis by Closure Type and Outer Type
  • Challenges and Future Outlook
    • Key Challenges
    • Future Outlook – Latin America
  • Appendix
    • Table Global Confectionery Sales, by Region - Value (US$ million)
    • Table Global Confectionery Sales, by Region - Volume (Kg Million)
    • Table Growth Analysis, by Country - Value (US$ million)
    • Table Growth Analysis, by Country - Volume (Kg Million)
    • Table Market Growth Analysis, by Country - Chocolate (US$ Million)
    • Table Market Growth Analysis, by Country - Gum (US$ Million)
    • Table Market Growth Analysis, by Country - Sugar Confectionery (US$ Million)
    • Table Market Growth Analysis, by Country - Chocolate (Kg Million)
    • Table Market Growth Analysis, by Country - Gum (Kg Million)
    • Table Market Growth Analysis, by Country - Sugar Confectionery (Kg Million)
    • Table Global - Brands vs. Private Label Value (2016, US$ million)
    • Table Latin America - Brands vs. Private Label Value (2016, US$ million)
    • Table Latin America - Brands vs. Private Label Value, by Country (2016, US$ million)
    • Table Latin America Top Five Brands value sales, Chocolate (US$ million)
    • Table Latin America Top Five Brands value sales, Gum (US$ million)
    • Table Latin America Top Five Brands value sales, Sugar Confectionery (US$ million)
    • Table Health & Wellness product attributes, Latin America, US$ million
    • Table Health & Wellness consumer benefits, Latin America, US$ million
    • Table Leading Distribution Channels in the Latin American region, US$ million
    • Table Volume Growth by Packaging Material (2011–2021)
    • Table Volume Growth by Container Type (2011–2021)
    • Table Volume Growth by Closure Type (2011–2021)
    • Table Volume Growth by Outer Type (2011–2021)
  • Trends Definitions
    • GlobalData's TrendSights Framework
    • GlobalData has identified eight mega-trends that can be broken down into 63 trends
    • Definitions – Trends: Health & Wellness
    • Definitions – Trends: Sensory & Indulgence
    • Definitions – Trends: Comfort & Uncertainty (1/2)
    • Definitions – Trends: Sustainability & Ethics
    • Definitions – Trends: Individualism & Expression
    • Definitions – Trends: Smart & Connected
    • Definitions – Trends: Easy & Affordable

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