Snacks

Sweet biscuits in Uruguay continued their positive trajectory in 2023, registering healthy growth in retail volume terms for the second consecutive year. This momentum is expected to carry over into 2024. The recovery of real wages has played a…

Companies across sweet biscuits, snack bars and fruit snacks in Guatemala have continued to update their portfolios in 2024 to meeting the growing demand for indulgent options among consumers. Domestic and international manufacturers alike have…

Sugar confectionery sales in Uruguay continued their robust growth in retail volume terms in 2023, with a similar positive trajectory anticipated for 2024. This marks the first full year of post-pandemic normalcy, and 2024 is expected to surpass…

Sugar confectionery products of Mexican origin with flavours such as tajin, chamoy and tamarind have continued to gain popularity in Guatemala in 2024. While such varieties were historically mainly sold in specialist ethnic food stores in the…

2023 witnessed a positive GDP growth in Uruguay, marking a significant step towards post-pandemic recovery. This positive trend continued into 2024, with indulgence categories like snacks experiencing a boost in consumption. However, the overall…

Snacks in Guatemala is poised to show a modestly improved performance in current value growth terms in 2024, while retail volume growth looks set to be unchanged on the robust rate recorded the previous year. Together with favourable demographic…

Savoury snacks in Uruguay experienced a robust expansion in both volume and value terms in 2023, solidifying their position as the most dynamic category within snacks overall. This impressive performance is expected to continue in 2024. Several…

Savoury snacks has remained the largest of the main snacks categories in Guatemala by some distance in 2024, and is also poised to be the most dynamic performer among them in retail volume and current value growth terms over the entire year. Buoyant…

Ice cream sales volume in Uruguay encountered a contraction in 2023, and a similar trend is expected to persist in 2024. This decline can be attributed solely to adverse weather conditions. Compared to previous years, the weather since mid-2023 has…

Retail volume and current value growth rates for ice cream in Guatemala in 2024 look set to be weaker than those recorded the previous year. The slowdown is mainly explained by the ending of the El Niño phenomenon, which brought higher than usual…

Chewing gum sales in Uruguay are projected to exhibit positive growth in retail volume terms for the third consecutive year in 2024. However, despite this encouraging trend, the category has yet to fully recover from the pre-pandemic slump. This…

Plastic bottle packs have continued to gain ground in gum in Guatemala in 2024. Popular brands available in such formats include Trident (35 pieces), Mentos Pure Fresh (15 pieces) and Orbit White (15 pieces). Buoyant demand is partly explained by…

Chocolate confectionery sales boomed in Uruguay in 2023, driven primarily by a surge in promotional activity and discounted pricing. With inflation outpacing price increases in the category, manufacturers adopted aggressive promotional strategies…

Premium-oriented varieties with superior quality ingredients and more sophisticated flavours have continued to perform strongly in chocolate confectionery in Guatemala in 2024. Local and international players alike have seen increased interest in…

The rising cost of raw materials in 2024 has forced manufacturers in sweet biscuits, snack bars and fruit snacks category in Ecuador to raise prices. This has led to a shift in consumer behaviour, with shoppers seeking more affordable options. Hard…

Sweet biscuits, snack bars and fruit snacks is expected to register healthy constant value and volume growth in 2024. Positive economic indicators are expected to support growth. Snack bars, in particular, are expected to perform strongly and…

Retail volume growth for sweet biscuits, snack bars and fruit snacks in Bolivia in 2024 is projected to be slower than in 2023, while current value growth looks set to surpass that recorded the previous year. Like snacks in general, its performance…

Sugar confectionery continues to post robust retail volume and current value growth in Ecuador in 2024. Pastilles, gummies, jellies, and chews have become the undisputed champions of sugar confectionery in Ecuador. This category's success stems from…

Sugar confectionery in Costa Rica is expected to be one the weaker performing snacks in 2024, registering only minimal volume growth, as consumers increasingly opt for other snacks such as chocolate confectionery. As such, players look to bolster…

While sugar confectionery in Bolivia is set to expand in retail volume terms in 2024, growth is anticipated to be down slightly on 2023. Conversely, current value sales growth is expected to be moderately stronger than in the previous year. This is…

Ecuador's snack industry has endured a rollercoaster ride in 2024. A confluence of negative events – rising insecurity, economic woes stemming from the pandemic, and political instability following the early departure of President Lasso –…

A positive economic picture is expected to support moderate current value and volume growth in snacks in Costa Rica in 2024. Increasing tourist numbers is also expected to support value and volume growth, particularly in more premium offerings – such…

Retail volume and current value growth rates for snacks in Bolivia in 2024 are expected to be slower than those recorded in 2023. The downturn is mainly explained by a severe shortage of US dollars in the economy resulting from declining production…

In 2024, savoury snacks in Ecuador looks set to record minimal value growth, whilst volume sales are on the decline. The rising cost of raw materials during the year has forced manufacturers to raise prices. This has led to a shift in consumer…

Savoury snacks with a healthier positioning are gaining value share. There is an increasing offering from both local and global brands. Examples include local brand Soldanza Party Mix, which incorporates a variety of root vegetables such as yuca,…

With inflationary pressures and heightened economic uncertainty fuelled by the balance of payments crisis eroding purchasing power and confidence among consumers, retail volume and current value growth rates for savoury snacks in Bolivia in 2024 are…

Ecuador's 2024 energy crisis, triggered by a drought impacting hydroelectric plants, threw a curveball at the ice cream industry. Power outages lasting up to eight hours significantly disrupted operations. Ice cream shops, reliant on constant power…

Current value and volume growth is expected to continue to be healthy for ice cream in Costa Rica in 2024. A positive economic picture, along with increasing tourist numbers is also expected to boost volume sales. Local dairy and food company, Dos…

Retail volume and current value growth rates for ice cream in Bolivia in 2024 are expected to be significantly slower than those recorded in 2023. In keeping with the trend witnessed across snacks as a whole, this is partly due to price hikes and…

Gum in Ecuador has faced several challenges in recent years. One of the primary issues is that consumers perceive gum as a relatively lacklustre product. This can be attributed to the limited number of new product launches in the gum category,…

Gum in Costa Rica is expected to be the weakest performing snack in 2024, registering only marginal volume growth, as some consumers cut back on gum. Gum is increasingly getting a bad name, in particular as it is non-biodegradable and can be a blight…

Growth in retail volume sales of gum in Bolivia in 2024 is expected to surpass that recorded in 2023. Because these products are comparatively inexpensive, the category has been better insulated than most from the negative effects of price hikes and…

Chocolate confectionery sales in Ecuador are highly seasonal, with a significant portion concentrated in the last quarter due to Christmas celebrations. During this time, it is customary to exchange chocolate as gifts and fill Christmas bags for…

Chocolate confectionery in Costa Rica has enjoyed robust growth during the review period. In 2024, it is expected to register healthy current value and volume growth, as a positive economic picture bolsters growth. Chocolate confectionery seen as an…

Chocolate confectionery in Bolivia is poised to record an improved performance in terms of current value sales growth in 2024. However, this is primarily due to price hikes imposed to offset rising import and production costs caused by a severe…

Sweet biscuits, snack bars and fruit snacks in the Dominican Republic is expected to register healthy current value growth and more moderate volume growth in 2024. There has also been a degree of shrinkflation over the past two years, as players have…

Sugar confectionery in the Dominican Republic is expected to register healthy current value and moderate volume growth in 2024. Sugar confectionery is generally more affordable than other snack options and this is expected to support volume growth.…

Snacks in the Dominican Republic is expected to register moderate current value and volume growth in 2024, in what is an improving economic picture. Inflation is easing and interested rates are also lower.

Savoury snacks are expected to continue to be the most popular snack by far in the Dominican Republic in 2024, particularly savoury biscuits and salty snacks such as potato chips, tortilla and puffed snacks. That being said, volume growth is expected…

Ice cream is expected to be the best performing snack in the Dominican Republic, with healthy volume growth. Increasing numbers of foreign tourists is also expected to boost volume sales, with impulse ice cream and also frozen yoghurt through…

Gum in the Dominican Republic is expected to register healthy current value and more moderate volume growth in 2024. Increased number of foreign tourists is also expected to boost volume growth. Chewing gum is mostly used between meals to clean teeth…

Chocolate confectionery in the Dominican Republic is expected to register healthy current value growth, through a marginal fall in volume sales in 2024. The Dominican Republic has a thriving local chocolate industry and is one of the main producers…

Sweet biscuits, snack bars and fruit snacks in Peru in 2024 is inhabiting a challenge landscape marked by rising input prices and a decline in domestic consumption. This double impact has led to sluggish growth in retail volume sales. Despite a…

Average retail current unit prices are set to rise across sweet biscuits, snack bars and fruit snacks in Colombia over 2024, amid an inflationary climate. This is expected to boost retail current value sales but drive down overall retail volume sales…

Sweet biscuits, snack bars and fruit snacks in Argentina witnessed a recovery from the strong decline in retail volume sales in the wake of the Coronavirus (COVID-19) crisis in 2020 to exceed the 2019 pre-pandemic level in 2023. Despite the…

In 2024, sugar confectionery in Peru is seeing boiled sweets losing ground among local consumers as lollipops gains traction. This trend can be attributed to several factors, including a lack of innovation in boiled sweets compared to lollipops. The…

Sugar confectionery in Colombia is affected by unit prices rises amid increasing production costs and still relatively high inflation in the market. While limiting consumption increases, rising unit prices exert upward movement in retail current…

In 2023, sugar confectionery in Argentina registered a healthy increase in retail volume sales to record the most dynamic growth performance within confectionery. However, over 2024, sugar confectionery is expected to post a contraction in retail…

In 2024, snacks in Peru is facing challenges in the form of rising input prices and a decline in domestic consumption. Despite such setbacks, production and exports continue to grow, highlighting a shift in market dynamics. The increase in input…

Driven by robust GDP growth and recovery of purchasing power, snacks is set to record positive growth in volume terms across all categories in 2024. The expanding base of middle- and upper-income consumers boosted demand while changes in consumption…