Latin America Candy Market (2020-2026) | Value, Trends, Outlook, Companies, Forecast, Growth, Industry, Revenue, Share, COVID-19 IMPACT, Size & Analysis

Latin America candy market is expected to register growth in the coming year due to high disposable income, changing consumer preferences in developing and developed economies. In Latin America, confectioneries are facing challenging times with a difficult economic situation, mainly in Brazil, rising consumer health concerns and legislative challenges are the main culprits. However, the significance of chocolate confectionery over sugar confectionery is growing in light of it being perceived as more premium and less detrimental to health. For instance, by improved retail distribution and smaller pack sizes. Further, the economic difficulties have led to a deprived performance by confectionery in Brazil. The development of confectionery very much depends on consumers having extra disposable income, and a recession that consumers sense in their wallets is therefore about to have a direct impact on sales. Moreover, the outbreak of the coronavirus pandemic has affected various industries along with this market by disruption in sales and production.

According to 6Wresearch, the Latin America Candy Market size is anticipated to register growth during 2020-2026. Consumers are expected to become more aware of health issues related to the consumption of large amounts of unhealthy foods, and consequently are likely to try and limit themselves in this respect. Likewise, governments are worried about the effects of their populations’ diets on health and care systems, and generally on the future of their countries. They are therefore executing laws aimed at depressing consumption of unhealthy products. Both of these factors affect the forecast growth potential.

Based on product type, the candy market is bifurcated into chocolate candy and non-chocolate candy. Further, in terms of distribution channel, the market is categorized into Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Retail, and Others. Traditional retailers remain very significant in the region, and being able to distribute to them efficiently is key for opening up additional growth potential. While this is expected to be a challenge for large multinationals, it offers opportunities, especially for chocolate confectionery, which in several countries is not very saturated in traditional channels like independent small grocers due to higher unit prices. Sugar confectionery in Mexico will return to growth, Lifestyle trends and legislation negatively affect forecast, Consumers, and governments concerned about public health.

The Latin America Candy market report thoroughly covers the market by Product Type, Distribution Channel, and countries including Mexico, Brazil, Argentina, and the rest of Latin America. The Latin America Candy Market outlook report provides an unbiased and detailed analysis of the ongoing Latin America Candy Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics. 

Latin America Candy market is anticipated to gain momentum in the forthcoming years backed by a rise in the consumption of confectionery items. Moreover, based on the distribution channels, convenience stores are estimated to generate high sales revenues in the market owing to the rising availability of a wide range of products has led to attracting consumers and make an efficient purchase of the products, as a result, is estimated to boost the demand for candies in the market in the coming timeframe. On the other side, the rising promotional activities are leading to generate a large consumer base and simultaneously act as a growth proliferator for the candy market in the forthcoming years.

Key Highlights of The Reports

• Latin America Candy Market Outlook
• Latin America Candy Market Overview
• Latin America Candy Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Latin America Candy Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Distribution
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Brazil Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Mexico Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Argentina Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Chile Candy Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Rest of Latin America Candy Market
• Market Drivers and Restraints
• Latin America Candy Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Latin America Candy Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Distribution:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialist Retailers
• Online Retail
• Others
• By Product Type:
• Chocolate Candy
• Non-chocolate Candy 
• By Countries:
• Brazil
• Mexico
• Argentina
• Chile
• Rest of Latin America