Cocoa market revenue in Latin America

The combined revenue in the 'Cocoa' segment of the hot drinks market in Latin America was forecast to continuously increase between 2024 and 2029 by in total 0.8 billion U.S. dollars (+29.41 percent). After the ninth consecutive increasing year, the combined revenue is estimated to reach 3.47 billion U.S. dollars and therefore a new peak in 2029.

Find further information concerning the combined volume per capita in the 'Coffee' segment of the hot drinks market in Lebanon and the combined revenue per capita in the 'Instant Coffee' segment of the hot drinks market in Vietnam.

The Statista Market Insights cover a broad range of additional markets.

Market revenue of the cocoa industry in Latin America and the Caribbean from 2019 to 2029 (in billion U.S. dollars)

Characteristic	Market revenue in billion U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Cocoa market consists of powder and powder mixes for the preparation of cocoa drinks or hot chocolate. It does not include other products based on cocoa (such as chocolate bars) or premade, Ready-to-Drink (RTD) cocoa drinks which are instead aggregated into Non-Carbonated Soft Drinks in the Non-Alcoholic Drinks market.

Additional information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per kilogram , as well as sales channels. Per capita figures refer to a country’s or region’s whole population.

At-home market data covers retail sales via super- and hypermarkets, eCommerce, convenience stores, and similar sales channels. Out-of-home market data includes all sales in hotels and restaurants, sales by catering companies, as well as sales in cafés, bars, and similar hospitality service establishments. In the out-of-home market, the price always refers to the price per kilogram of the beverage consumed, regardless of other components in the finished beverage. Combined numbers encompass both the at-home market and the out-of-home market. All prices are valued at retail selling prices, including all sales and consumption taxes.

Key players include Nestlé (Nesquik), Baxter, and Bournvita.

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