While chocolate confectionery look sets to expand consistently in retail volume sales terms over the forecast period, it is expected economic challenges resulting from the shortage of US dollars in the Bolivian economy will continue to constrain growth potential for some time. Further hikes in unit prices and increases in the general cost of living will make many people inclined to rein in spending on such products, whether by purchasing them less frequently or by trading down to cheaper varieties.
As competition intensifies, companies in chocolate confectionery will continue to look for new ways to differentiate their brands and capture consumer attention over the forecast period. In particular, more players are expected to cultivate cross-promotional partnerships with businesses from other industries.
In addition to lower prices, another important advantage local chocolate confectionery manufacturers will continue to enjoy over imported brands during the forecast period is their ability to create special packs celebrating seasonal occasions with themed messages and designs that are specific to Bolivian culture or different regions of the country. One of the most active companies in this regard is Solur Srl, which frequently updates packaging for its Para Ti range to mark dates such as Easter, Christmas, Children's Day, Father's Day, Mother's Day, Valentine’s Day, departmental holidays etc.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Bolivia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
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Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See All of Our DefinitionsThis report originates from Passport, our Chocolate Confectionery research and analysis database.
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