The Latin America, Middle East and Africa Chocolate Confectionery Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
When shopping for sweets, consumers consider various aspects, with many opting for high-end items. In recent years, the premium chocolate confectionery category has grown as businesses produce goods with label claims like vegan, organic, cruelty-free, and paleo, aiming to differentiate their offers with healthier labels. Cadbury, for example, announced the launch of a vegan milk bar in the United Kingdom in October 2021, with two flavors: Cadbury Plant Bar Smooth Chocolate as well as Cadbury Plant Bar Smooth Chocolate with Salted Caramel Pieces.
Cacao-based confectionery is made by combining sugar and other culinary ingredients. In several areas, chocolate has traditionally been consumed as a beverage. Natural chocolate, which contains solely cacao products, such as cacao beans and cocoa butter, and sugar, is distinguished from chocolate including additives, like dry milk, coffee, and nuts. Chocolate is separated into plain and dessert chocolate on the basis of the fineness of the particles. Various fillings are frequently seen in chocolate confectioneries. Chocolate contains 35–37 % fat and has a caloric value of 2,240 kilojoules (540 kcal) per 100 g.
Four West African countries produce a massive proportion of the world's cocoa beans, which includes the Ivory Coast, Ghana, Nigeria, and Cameroon. The Ivory Coast, as well as Ghana, are the world's two largest cocoa producers, producing more than half of the world's cocoa. The main producers are Côte d'Ivoire and Ghana, followed by Nigeria and Cameroon. Cocoa production has rapidly surged across this region in recent years. While the growth of the cocoa area led to greater production throughout this time period, more cocoa would now come from a higher yield per hectare, which is now relatively low.
Additionally, a high prevalence of diseases and pests, the age of cocoa fields, and a lack of soil minerals are the main causes of low production. Concerns over diminishing yield owing to aging and diseased trees have prompted the governments of Côte d'Ivoire and Ghana to begin large-scale replanting and rehabilitation programs that give farmers better plant protection chemicals, planting materials, and fertilizers. The traditional mixed planting of cocoa, forest and fruit trees, and some oil palms is presented as an option for a high input approach because small farm owners do not generate enough money from their cocoa to acquire external inputs. Due to the increasing number of initiatives being taken by governments and market players, the production of cocoa is expediting across the region. This factor is propelling the growth of the regional market.
The Brazil market dominated the LAMEA Chocolate Confectionery Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4,855.9 million by 2028. The Argentina market is poised to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 8.7% during (2022 - 2028).
Based on Type, the market is segmented into Milk, Dark, and White. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Others. Based on Product, the market is segmented into Molded Bars, Chips & Bites, Boxed, Truffles & Cups, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Chocolate Confectionery Market is Predict to reach $265.9 Billion by 2028, at a CAGR of 6.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ferrero Group, The Hershey Company (Hershey Trust Company), Lindt & Sprungli AG, Mars, Inc., Mondelez International, Inc., Nestle S.A., The Barry Callebaut Group, Lotte Corporation, Lake Champlain Chocolates, and CÉMOI Group.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- Others
By Product
- Molded Bars
- Chips & Bites
- Boxed
- Truffles & Cups
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Ferrero Group
- The Hershey Company (Hershey Trust Company)
- Lindt & Sprungli AG
- Mars, Inc.
- Mondelez International, Inc.
- Nestle S.A.
- The Barry Callebaut Group
- Lotte Corporation
- Lake Champlain Chocolates
- CÉMOI Group
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Chocolate Confectionery Market, by Type
1.4.2 LAMEA Chocolate Confectionery Market, by Distribution Channel
1.4.3 LAMEA Chocolate Confectionery Market, by Product
1.4.4 LAMEA Chocolate Confectionery Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions- Chocolate Confectionery Market
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, May – 2022, May) Leading Players
Chapter 4. LAMEA Chocolate Confectionery Market by Type
4.1 LAMEA Milk Market by Country
4.2 LAMEA Dark Market by Country
4.3 LAMEA White Market by Country
Chapter 5. LAMEA Chocolate Confectionery Market by Distribution Channel
5.1 LAMEA Supermarkets & Hypermarkets Market by Country
5.2 LAMEA Convenience Stores Market by Country
5.3 LAMEA Online Market by Country
5.4 LAMEA Others Market by Country
Chapter 6. LAMEA Chocolate Confectionery Market by Product
6.1 LAMEA Molded Bars Market by Country
6.2 LAMEA Chips & Bites Market by Country
6.3 LAMEA Boxed Market by Country
6.4 LAMEA Truffles & Cups Market by Country
6.5 LAMEA Others Market by Country
Chapter 7. LAMEA Chocolate Confectionery Market by Country
7.1 Brazil Chocolate Confectionery Market
7.1.1 Brazil Chocolate Confectionery Market by Type
7.1.2 Brazil Chocolate Confectionery Market by Distribution Channel
7.1.3 Brazil Chocolate Confectionery Market by Product
7.2 Argentina Chocolate Confectionery Market
7.2.1 Argentina Chocolate Confectionery Market by Type
7.2.2 Argentina Chocolate Confectionery Market by Distribution Channel
7.2.3 Argentina Chocolate Confectionery Market by Product
7.3 UAE Chocolate Confectionery Market
7.3.1 UAE Chocolate Confectionery Market by Type
7.3.2 UAE Chocolate Confectionery Market by Distribution Channel
7.3.3 UAE Chocolate Confectionery Market by Product
7.4 Saudi Arabia Chocolate Confectionery Market
7.4.1 Saudi Arabia Chocolate Confectionery Market by Type
7.4.2 Saudi Arabia Chocolate Confectionery Market by Distribution Channel
7.4.3 Saudi Arabia Chocolate Confectionery Market by Product
7.5 South Africa Chocolate Confectionery Market
7.5.1 South Africa Chocolate Confectionery Market by Type
7.5.2 South Africa Chocolate Confectionery Market by Distribution Channel
7.5.3 South Africa Chocolate Confectionery Market by Product
7.6 Nigeria Chocolate Confectionery Market
7.6.1 Nigeria Chocolate Confectionery Market by Type
7.6.2 Nigeria Chocolate Confectionery Market by Distribution Channel
7.6.3 Nigeria Chocolate Confectionery Market by Product
7.7 Rest of LAMEA Chocolate Confectionery Market
7.7.1 Rest of LAMEA Chocolate Confectionery Market by Type
7.7.2 Rest of LAMEA Chocolate Confectionery Market by Distribution Channel
7.7.3 Rest of LAMEA Chocolate Confectionery Market by Product
Chapter 8. Company Profiles
8.1 Ferrero Group
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Product Launches and Product Expansions:
8.1.2.2 Acquisition and Mergers:
8.1.2.3 Geographical Expansions:
8.2 The Hershey Company (Hershey Trust Company)
8.2.1 Company overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Product Launches and Product Expansions:
8.3 Lindt & Sprungli AG
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Acquisition and Mergers:
8.3.2.2 Product Launches and Product Expansions:
8.4 Mars, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Product Launches and Product Expansions:
8.5 Mondelez International, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Product Launches and Product Expansions:
8.5.4.2 Acquisition and Mergers:
8.6 Nestle S.A.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 The Barry Callebaut Group
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.7.5.3 Acquisition and Mergers:
8.7.5.4 Geographical Expansions:
8.8 Lotte Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Lake Champlain Chocolates
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.10. CÉMOI Group
8.10.1 Company Overview
TABLE 1 LAMEA Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Chocolate Confectionery Market
TABLE 4 Product Launches And Product Expansions– Chocolate Confectionery Market
TABLE 5 Acquisition and Mergers– Chocolate Confectionery Market
TABLE 6 Grographical Expansions- Chocolate Confectionery Market
TABLE 7 LAMEA Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Milk Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Milk Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Dark Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Dark Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA White Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA White Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 16 LAMEA Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 17 LAMEA Supermarkets & Hypermarkets Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Supermarkets & Hypermarkets Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Convenience Stores Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Convenience Stores Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Online Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Online Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 26 LAMEA Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 27 LAMEA Molded Bars Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Molded Bars Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Chips & Bites Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Chips & Bites Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA Boxed Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA Boxed Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Truffles & Cups Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Truffles & Cups Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Chocolate Confectionery Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Chocolate Confectionery Market by Country, 2022 - 2028, USD Million
TABLE 39 Brazil Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 40 Brazil Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 41 Brazil Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 42 Brazil Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 43 Brazil Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 44 Brazil Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 45 Brazil Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 46 Brazil Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 47 Argentina Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 48 Argentina Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 49 Argentina Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 50 Argentina Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 51 Argentina Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 52 Argentina Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 53 Argentina Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 54 Argentina Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 55 UAE Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 56 UAE Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 57 UAE Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 58 UAE Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 59 UAE Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 60 UAE Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 61 UAE Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 62 UAE Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 63 Saudi Arabia Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 64 Saudi Arabia Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 65 Saudi Arabia Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 66 Saudi Arabia Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 67 Saudi Arabia Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 68 Saudi Arabia Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 69 Saudi Arabia Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 70 Saudi Arabia Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 71 South Africa Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 72 South Africa Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 73 South Africa Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 74 South Africa Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 75 South Africa Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 76 South Africa Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 77 South Africa Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 78 South Africa Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 79 Nigeria Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 80 Nigeria Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 81 Nigeria Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 82 Nigeria Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 83 Nigeria Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 84 Nigeria Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 85 Nigeria Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 86 Nigeria Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 87 Rest of LAMEA Chocolate Confectionery Market, 2018 - 2021, USD Million
TABLE 88 Rest of LAMEA Chocolate Confectionery Market, 2022 - 2028, USD Million
TABLE 89 Rest of LAMEA Chocolate Confectionery Market by Type, 2018 - 2021, USD Million
TABLE 90 Rest of LAMEA Chocolate Confectionery Market by Type, 2022 - 2028, USD Million
TABLE 91 Rest of LAMEA Chocolate Confectionery Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 92 Rest of LAMEA Chocolate Confectionery Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 93 Rest of LAMEA Chocolate Confectionery Market by Product, 2018 - 2021, USD Million
TABLE 94 Rest of LAMEA Chocolate Confectionery Market by Product, 2022 - 2028, USD Million
TABLE 95 Key information – Ferrero Group
TABLE 96 Key Information –The Hershey Company
TABLE 97 Key Information – Lindt & Sprungli AG
TABLE 98 key information – Mars, Inc.
TABLE 99 Key Information – Mondelez International, Inc.
TABLE 100 Key Information – Nestle S.A.
TABLE 101 Key Information – The Barry Callebaut Group
TABLE 102 Key Information – Lotte Corporation
TABLE 103 Key Information – Lake Champlain Chocolates
TABLE 104 Key Information – CÉMOI Group
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, May – 2022, May) Leading Players
FIG 5 Recent strategies and developments: Ferrero Group
FIG 6 Recent strategies and developments: The Hershey Company
FIG 7 Recent strategies and developments: Lindt & Sprungli AG
FIG 8 Recent strategies and developments: Mondelez International, Inc.
FIG 9 Recent strategies and developments: The Barry Callebaut Group