Chocolate confectionery, as a product area, is anticipated to witness healthy growth in both volume and value terms over the forecast period. Rising purchasing power observed in 2023 is expected to continue in the short term, further stimulating demand for indulgent categories like chocolate.
The iconic Uruguayan chocolate brand Ricardito, boasting a rich heritage of over 50 years, is poised for a comeback during the forecast period. After being discontinued in late 2023 by Grupo Bimbo, the company that acquired it years prior, the brand has found a new home.
The food labelling law implemented in 2021, requiring prominent black octagons to highlight "excess sugar," "excess fat," or "excess saturated fat" on packaging, has become a non-factor and is not expected to significantly impact sales in the coming years. While all brands currently comply with the regulation, industry sources report minimal impact on consumer demand.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Uruguay with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in Uruguay, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
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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