The Latin America, Middle East and Africa Chocolate Market would witness market growth of 6.4% CAGR during the forecast period (2020-2026). The rise of organic and clean labeling has swept markets around the broader food and beverage landscape. The effect of the trend of organic and clean labeling is also palpable among dark chocolate makers, with competition for premium and organic products at their peak. Manufacturers often focus on adding natural sweeteners, such as stevia and coconut sugar, to put their products into a consumer base that is fully conscious of the nutritional options they make.
A strong focus on consistency has ensured that producers are now focused on including exclusive cocoa beans from Latin American countries. Since the purchase of these premium ingredients from far away countries increases the price of the finished product, the growing demand for gourmet chocolate by customers is paying off the dividend.
The Middle East and Africa are projected to rise at a rapid growth rate due to the increased demand for products in retail stores. In addition, favorable government policies, such as tax incentives, for grinders and chocolate manufacturers are projected to increase the availability of products in the region. In addition, a growing number of specialty retailers are anticipated to contribute to the growth of the demand in the region. For example, in February 2019, Pierre Marcolini opened the first shop in the UAE mall to increase the customer base.
Cocoa beans are a primary ingredient in the chocolate manufacture and around 2/3rd of the world's cocoa beans are provided by West Africa. Compared to 45% of the output of cocoa beans comes from the Ivory Coast. The WCF estimates that approximately 50 million people rely on the output of cocoa and the cocoa industry as a livelihood.
Based on Product, the market is segmented into Traditional Chocolate and Artificial Chocolate. Based on Traditional Chocolate Type, the market is segmented into Milk Chocolate, Dark Chocolate and White Chocolate. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Convenience Store and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Chocolate Market in LAMEA is expected to register a CAGR of 6.4% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A., Mondelez International, Inc., The Hershey Company (Hershey Trust Company), Mars, Inc., The Barry Callebaut Group, Meiji Holdings Co., Ltd., Ferrero International S.A., Lindt & Sprungli AG, Moonstruck Chocolate Company, and Yildiz Holdings A.S.
Scope of the LAMEA Chocolate Market Analysis
Market Segmentation:
By Product
- Traditional Chocolate and
- Artificial Chocolate
By Traditional Chocolate Type
- Milk Chocolate
- Dark Chocolate and
- White Chocolate
By Distribution Channel
- Supermarket & Hypermarket
- Convenience Store and
- Online
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Nestle S.A.
- Mondelez International, Inc.
- The Hershey Company (Hershey Trust Company)
- Mars, Inc.
- The Barry Callebaut Group
- Meiji Holdings Co., Ltd.
- Ferrero International S.A.
- Lindt & Sprungli AG
- Moonstruck Chocolate Company
- Yildiz Holdings A.S.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Chocolate Market, by Product
1.4.2 LAMEA Chocolate Market, by Traditional Chocolate Type
1.4.3 LAMEA Chocolate Market, by Distribution Channel
1.4.4 LAMEA Chocolate Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 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 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jan – 2020, Feb) Leading Players
Chapter 4. LAMEA Chocolate Market by Product
4.1 LAMEA Traditional Chocolate Market by Country
4.1.1 LAMEA Traditional Chocolate Market by Type
4.1.1.1 LAMEA Milk Chocolate Market by Country
4.1.1.2 LAMEA Dark Chocolate Market by Country
4.1.1.3 LAMEA White Chocolate Market by Country
4.1.2 LAMEA Artificial Chocolate Market by Country
Chapter 5. LAMEA Chocolate Market by Distribution Channel
5.1 LAMEA Supermarket & Hypermarket Market by Country
5.2 LAMEA Convenience Store Market by Country
5.3 LAMEA Online Market by Country
Chapter 6. LAMEA Chocolate Market by Country
6.1 Brazil Chocolate Market
6.1.1 Brazil Chocolate Market by Product
6.1.1.1 Brazil Traditional Chocolate Market by Type
6.1.2 Brazil Chocolate Market by Distribution Channel
6.2 Argentina Chocolate Market
6.2.1 Argentina Chocolate Market by Product
6.2.1.1 Argentina Traditional Chocolate Market by Type
6.2.2 Argentina Chocolate Market by Distribution Channel
6.3 UAE Chocolate Market
6.3.1 UAE Chocolate Market by Product
6.3.1.1 UAE Traditional Chocolate Market by Type
6.3.2 UAE Chocolate Market by Distribution Channel
6.4 Saudi Arabia Chocolate Market
6.4.1 Saudi Arabia Chocolate Market by Product
6.4.1.1 Saudi Arabia Traditional Chocolate Market by Type
6.4.2 Saudi Arabia Chocolate Market by Distribution Channel
6.5 South Africa Chocolate Market
6.5.1 South Africa Chocolate Market by Product
6.5.1.1 South Africa Traditional Chocolate Market by Type
6.5.2 South Africa Chocolate Market by Distribution Channel
6.6 Nigeria Chocolate Market
6.6.1 Nigeria Chocolate Market by Product
6.6.1.1 Nigeria Traditional Chocolate Market by Type
6.6.2 Nigeria Chocolate Market by Distribution Channel
6.7 Rest of LAMEA Chocolate Market
6.7.1 Rest of LAMEA Chocolate Market by Product
6.7.1.1 Rest of LAMEA Traditional Chocolate Market by Type
6.7.2 Rest of LAMEA Chocolate Market by Distribution Channel
Chapter 7. Company Profiles
7.1 Nestle S.A.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research& Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.2 Mondelez International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research& Development Expense
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.3 The Hershey Company (Hershey Trust Company)
7.3.1 Company overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.5.2 Acquisition and Mergers:
7.4 Mars, Inc.
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.4.2.2 Partnerships, Collaborations, and Agreements:
7.5 The Barry Callebaut Group
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.5.2 Acquisition and Mergers:
7.5.5.3 Geographical Expansions:
7.6 Meiji Holdings Co., Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.6.4 Research & Development Expense
7.7 Ferrero International S.A.
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Acquisition and Mergers:
7.8 Lindt & Sprungli AG
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Geographical Expansions:
7.9 Moonstruck Chocolate Company
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Acquisition and Mergers:
7.1 Yildiz Holdings A.S.
7.10.1 Company Overview
TABLE 1 LAMEA Chocolate Market, 2016 - 2019, USD Million
TABLE 2 LAMEA Chocolate Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Chocolate Market
TABLE 4 Product Launches And Product Expansions– Chocolate Market
TABLE 5 Geographical Expansions– Chocolate Market
TABLE 6 Mergers & Acquisitions – Chocolate Market
TABLE 7 LAMEA Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 8 LAMEA Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 9 LAMEA Traditional Chocolate Market by Country, 2016 - 2019, USD Million
TABLE 10 LAMEA Traditional Chocolate Market by Country, 2020 - 2026, USD Million
TABLE 11 LAMEA Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 12 LAMEA Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 13 LAMEA Milk Chocolate Market by Country, 2016 - 2019, USD Million
TABLE 14 LAMEA Milk Chocolate Market by Country, 2020 - 2026, USD Million
TABLE 15 LAMEA Dark Chocolate Market by Country, 2016 - 2019, USD Million
TABLE 16 LAMEA Dark Chocolate Market by Country, 2020 - 2026, USD Million
TABLE 17 LAMEA White Chocolate Market by Country, 2016 - 2019, USD Million
TABLE 18 LAMEA White Chocolate Market by Country, 2020 - 2026, USD Million
TABLE 19 LAMEA Artificial Chocolate Market by Country, 2016 - 2019, USD Million
TABLE 20 LAMEA Artificial Chocolate Market by Country, 2020 - 2026, USD Million
TABLE 21 LAMEA Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 22 LAMEA Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 23 LAMEA Supermarket & Hypermarket Market by Country, 2016 - 2019, USD Million
TABLE 24 LAMEA Supermarket & Hypermarket Market by Country, 2020 - 2026, USD Million
TABLE 25 LAMEA Convenience Store Market by Country, 2016 - 2019, USD Million
TABLE 26 LAMEA Convenience Store Market by Country, 2020 - 2026, USD Million
TABLE 27 LAMEA Online Market by Country, 2016 - 2019, USD Million
TABLE 28 LAMEA Online Market by Country, 2020 - 2026, USD Million
TABLE 29 LAMEA Chocolate Market by Country, 2016 - 2019, USD Million
TABLE 30 LAMEA Chocolate Market by Country, 2020 - 2026, USD Million
TABLE 31 Brazil Chocolate Market, 2016 - 2019, USD Million
TABLE 32 Brazil Chocolate Market, 2020 - 2026, USD Million
TABLE 33 Brazil Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 34 Brazil Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 35 Brazil Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 36 Brazil Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 37 Brazil Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 38 Brazil Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 39 Argentina Chocolate Market, 2016 - 2019, USD Million
TABLE 40 Argentina Chocolate Market, 2020 - 2026, USD Million
TABLE 41 Argentina Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 42 Argentina Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 43 Argentina Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 44 Argentina Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 45 Argentina Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 46 Argentina Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 47 UAE Chocolate Market, 2016 - 2019, USD Million
TABLE 48 UAE Chocolate Market, 2020 - 2026, USD Million
TABLE 49 UAE Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 50 UAE Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 51 UAE Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 52 UAE Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 53 UAE Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 54 UAE Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 55 Saudi Arabia Chocolate Market, 2016 - 2019, USD Million
TABLE 56 Saudi Arabia Chocolate Market, 2020 - 2026, USD Million
TABLE 57 Saudi Arabia Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 58 Saudi Arabia Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 59 Saudi Arabia Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 60 Saudi Arabia Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 61 Saudi Arabia Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 62 Saudi Arabia Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 63 South Africa Chocolate Market, 2016 - 2019, USD Million
TABLE 64 South Africa Chocolate Market, 2020 - 2026, USD Million
TABLE 65 South Africa Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 66 South Africa Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 67 South Africa Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 68 South Africa Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 69 South Africa Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 70 South Africa Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 71 Nigeria Chocolate Market, 2016 - 2019, USD Million
TABLE 72 Nigeria Chocolate Market, 2020 - 2026, USD Million
TABLE 73 Nigeria Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 74 Nigeria Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 75 Nigeria Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 76 Nigeria Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 77 Nigeria Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 78 Nigeria Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 79 Rest of LAMEA Chocolate Market, 2016 - 2019, USD Million
TABLE 80 Rest of LAMEA Chocolate Market, 2020 - 2026, USD Million
TABLE 81 Rest of LAMEA Chocolate Market by Product, 2016 - 2019, USD Million
TABLE 82 Rest of LAMEA Chocolate Market by Product, 2020 - 2026, USD Million
TABLE 83 Rest of LAMEA Traditional Chocolate Market by Type, 2016 - 2019, USD Million
TABLE 84 Rest of LAMEA Traditional Chocolate Market by Type, 2020 - 2026, USD Million
TABLE 85 Rest of LAMEA Chocolate Market by Distribution Channel, 2016 - 2019, USD Million
TABLE 86 Rest of LAMEA Chocolate Market by Distribution Channel, 2020 - 2026, USD Million
TABLE 87 Key Information – Nestle S.A.
TABLE 88 Key Information – Mondelez International, Inc.
TABLE 89 Key Information –The Hershey Company
TABLE 90 key information – Mars, Inc.
TABLE 91 Key Information – The Barry Callebaut Group
TABLE 92 Key Information – Meiji Holdings Co., Ltd.
TABLE 93 key information – Ferrero International S.A.
TABLE 94 Key Information – Lindt & Sprungli AG
TABLE 95 Key Information – Moonstruck Chocolate Company
TABLE 96 Key Information – Yildiz Holdings A.S.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jan – 2019, Nov) Leading Players
FIG 5 Recent strategies and developments: The Hershey Company
FIG 6 Recent strategies and developments: Mars, Inc.
FIG 7 Recent strategies and developments: The Barry Callebaut Group