South America Chocolate Market Size and Trends
The South America chocolate market size is forecast to increase by USD 3.64 billion at a CAGR of 4.7% between 2023 and 2028. The market is experiencing significant growth, driven by rising consumer awareness of the health benefits associated with chocolate. Impulse purchasing behavior continues to fuel demand, as consumers seek indulgent treats. However, health concerns related to diabetes and obesity are prompting a shift towards healthier chocolate options. Third-party logistics (3PL) providers are essential in ensuring efficient last-mile delivery, especially in a multi-modal system that includes road, rail, and air transport. Bean-to-bar concept, where chocolate is produced from roasting and grinding the cocoa beans to making the final product, is another trend gaining traction. Trade agreements play a crucial role in shaping the competitive landscape, particularly in key producing countries. Organic chocolates, made without the use of synthetic fertilizers, pesticides, or genetically modified organisms, are increasingly preferred by health-conscious consumers. Artisanal chocolates, known for their unique flavors and healthier ingredients, are gaining popularity due to their cortisol-reducing properties. The pandemic has further fueled demand for chocolate as a comfort food, making it a resilient market despite economic uncertainties.

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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on Regional - Market size and forecast 2023-2028 ($ million)
- Chart on South America: Year-over-year growth 2023-2028 (%)
- Data Table on Regional - Market size and forecast 2023-2028 ($ million)
5 Historic Market Size
- 5.1 Chocolate Market in South America 2018 - 2022
- Historic Market Size - Data Table on Chocolate Market in South America 2018 - 2022 ($ million)
- 5.2 Product segment analysis 2018 - 2022
- Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 5.3 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on Chocolate Market in South America
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
8 Market Segmentation by Product
- 8.1 Market segments
- Chart on Product - Market share 2023-2028 (%)
- Data Table on Product - Market share 2023-2028 (%)
- 8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 8.3 Dark chocolate - Market size and forecast 2023-2028
- Chart on Dark chocolate - Market size and forecast 2023-2028 ($ million)
- Data Table on Dark chocolate - Market size and forecast 2023-2028 ($ million)
- Chart on Dark chocolate - Year-over-year growth 2023-2028 (%)
- Data Table on Dark chocolate - Year-over-year growth 2023-2028 (%)
- 8.4 Milk and white chocolate - Market size and forecast 2023-2028
- Chart on Milk and white chocolate - Market size and forecast 2023-2028 ($ million)
- Data Table on Milk and white chocolate - Market size and forecast 2023-2028 ($ million)
- Chart on Milk and white chocolate - Year-over-year growth 2023-2028 (%)
- Data Table on Milk and white chocolate - Year-over-year growth 2023-2028 (%)
- 8.5 Market opportunity by Product
- Market opportunity by Product ($ million)
- Data Table on Market opportunity by Product ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Geographic Landscape
- 10.1 Geographic segmentation
- Chart on Market share by geography - 2023-2028 (%)
- Data Table on Market share by geography - 2023-2028 (%)
- 10.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 10.3 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
- 10.4 Chile - Market size and forecast 2023-2028
- Chart on Chile - Market size and forecast 2023-2028 ($ million)
- Data Table on Chile - Market size and forecast 2023-2028 ($ million)
- Chart on Chile - Year-over-year growth 2023-2028 (%)
- Data Table on Chile - Year-over-year growth 2023-2028 (%)
- 10.5 Rest of South America - Market size and forecast 2023-2028
- Chart on Rest of South America - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of South America - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of South America - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of South America - Year-over-year growth 2023-2028 (%)
- 10.6 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Table on Market opportunity by geography ($ million)
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Arcor Group
- Arcor Group - Overview
- Arcor Group - Product / Service
- Arcor Group - Key offerings
- SWOT
- 13.5 Chocoladefabriken Lindt and Sprungli AG
- Chocoladefabriken Lindt and Sprungli AG - Overview
- Chocoladefabriken Lindt and Sprungli AG - Business segments
- Chocoladefabriken Lindt and Sprungli AG - Key news
- Chocoladefabriken Lindt and Sprungli AG - Key offerings
- Chocoladefabriken Lindt and Sprungli AG - Segment focus
- SWOT
- 13.6 Colombina
- Colombina - Overview
- Colombina - Product / Service
- Colombina - Key offerings
- SWOT
- 13.7 Dori Alimentos SA
- Dori Alimentos SA - Overview
- Dori Alimentos SA - Product / Service
- Dori Alimentos SA - Key offerings
- SWOT
- 13.8 Empresas Carozzi S.A.
- Empresas Carozzi S.A. - Overview
- Empresas Carozzi S.A. - Product / Service
- Empresas Carozzi S.A. - Key offerings
- SWOT
- 13.9 Ferrero International S.A.
- Ferrero International S.A. - Overview
- Ferrero International S.A. - Product / Service
- Ferrero International S.A. - Key news
- Ferrero International S.A. - Key offerings
- SWOT
- 13.10 Mars Inc.
- Mars Inc. - Overview
- Mars Inc. - Product / Service
- Mars Inc. - Key news
- Mars Inc. - Key offerings
- SWOT
- 13.11 Mondelez International Inc.
- Mondelez International Inc. - Overview
- Mondelez International Inc. - Business segments
- Mondelez International Inc. - Key news
- Mondelez International Inc. - Key offerings
- Mondelez International Inc. - Segment focus
- SWOT
- 13.12 Nestle SA
- Nestle SA - Overview
- Nestle SA - Business segments
- Nestle SA - Key news
- Nestle SA - Key offerings
- Nestle SA - Segment focus
- SWOT
- 13.13 The Hershey Co.
- The Hershey Co. - Overview
- The Hershey Co. - Business segments
- The Hershey Co. - Key news
- The Hershey Co. - Key offerings
- The Hershey Co. - Segment focus
- SWOT
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape