Latin America Chocolate(Milk, Dark, White) Market - Industry Size, Share, Trends, Analysis & Forecast To 2026

Ecuador is known as the home for world’s best chocolates in Latin America. For centuries, cacao has had spiritual importance to many indigenous groups in Latin America. In Latin America, chocolate processing is done by hand including using cast iron hand mills to grind the beans. Some popular chocolate brands in Latin America are, El Rey in Venezuela, Pacari in Ecuador, AMAZ is known as the best brands in Peru and Danta Chocolate, Guatemala.
Country like Mexico is among those few countries having conditions conducive to growing cocoa, which will help to revive the cocoa sector in the country. Mexico has the potential to produce a variety of cocoa and good genetic quality. Hence, organic cocoa and fine flavour of cocoa have huge opportunities to gain profits. Therefore, such developments are likely to open new avenues for the Mexican cocoa market. With Mexico, Colombia cocoa is known for its flavours and aroma, classified in the special cocoa category.
In Latin America, white chocolate sees the highest share and within Latin America, Brazil has the largest appetite for white chocolate. White chocolate is a blend of cocoa butter, sugar and other milk products. It can be used in preparing White chocolate Choco chips, White chocolate mocha, cakes, cookies and many more items. Traditionally, white chocolate is not considered as ‘chocolate’ in proper sense as it does not contain chocolate solids which gives chocolates a bitter, tannic, and berry-like flavour. Rather, the quality of white chocolate is determined by its colour.

According to the report on “Latin America Chocolate Market Outlook, 2026” published by Actual Market Research, shows a detailed overview into the Chocolate industry in Latin America. The Latin America chocolate market is expected to witness profits in the coming timeframe on the back of an increase in the changing tastes and preferences for chocolates for the population. Latin America chocolate market is expected to rise and cross the CAGR of more than 7% by 2026. Brazil has almost 50% of the market capture in this region. It is believed the cocoa beans grew on trees on sloped of Andes Mountains in this region before 100 million years ago. As guided by CAF, the Latin American Cocoa Initiative (ILAC, for its acronym in Spanish) was created within this scenario. It includes the main Latin American producers of fine flavour cocoa to encourage productivity, promote sustainable green businesses, and boost a regional development strategy for this emblematic product in national and international markets.

Major Companies present in the Chocolate market are:
1. Ferrero SPA
2. Group Arcor
3. Theo Chocolate
4. Kellogg Company
5. Cacau show
6. La Maison du Chocolate
7. Ezaki Glico Co
8. Meiji Holdings Co. Ltd
9. Lindt and Sprüngli AG
10. Mars Incorporated
11. Mondelez International
12. Morinaga & Co. Ltd
13. Hershey Company
14. Nestle S.A
15. Thorntons
16. Patchi
17. August Storck KG
18. Barry Callebaut
19. Godiva choclatier
20. Stella Bernrain
21. Blommer Chocolates Company
22. Confiserie Leonidas
23. Mary’s Chocolate
24. Lotte Confectionery
25. United Confectionery manufacturers
26. Cemoi Group
27. France Neuhaus
28. Brookside Chocolates


Considered in this report
• Geography: Latin America
• Base year: 2020
• Estimated year: 2021
• Forecast year: 2026

Aspects covered in this report
• Latin America chocolate market with its value and forecast along with its segments
• Region-wise chocolate market analysis
• Various divers and challenges
• Ongoing trends and developments
• Five force models
• Top profiled companies
• Strategic recommendation

Regions covered in the report
• Brazil
• Argentina
• Chile

Types of chocolates in the report
• Milk chocolate
• Dark chocolate
• White chocolate

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to chocolate industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Keywords: Europe, North America, South, America, Europe, Middle East, Africa, Asia, Asia-Pacific, India, Japan, USA, Canada, Mexico, UK, Italy, France, Chocolate, Milk , Dark, White, Retailing, Organic, Natural, Everyday, Seasonal, Premium, Gourmet

This report would help you answer the following questions:
1. What is the market size and forecast of the Latin America Chocolate Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Latin America Chocolate Market during the forecast period?
3. Which region outstands in the Latin America Chocolate Market?
4. Which are the segments to invest in over the forecast period in the Latin America Chocolate Market?
5. What is the competitive strategic window for opportunities in the Latin America Chocolate Market?
6. What are the technology trends and regulatory frameworks in the Latin America Chocolate Market?
7. What are the major companies in the Latin America Chocolate Market?