Chocolate market revenue in Latin America

In 2023, the market revenue of chocolate confectionery in Latin America and the Caribbean amounted to 8.82 billion U.S. dollars. The market was expected to grow annually by 5.32 percent (CAGR 2024-2028).

Market revenue of chocolate confectionery in Latin America and the Caribbean from 2028 to 2028 (in billion U.S. dollars)

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

Definition:

Chocolate and chocolate products are part of the Chocolate Confectionery segment. This includes chocolate bars, candy bars, and pralines. Cookies and spreads containing cocoa are excluded from this segment. The five major chocolate manufacturers in the world are Mondelez International, Mars, Nestlé, Ferrero, and Hershey.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram). The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

IN-SCOPE: Chocolate bars Candy bars Pralines

OUT-OF-SCOPE: Chocolate spreads

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