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…

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…

Sweet biscuits, snack bars and fruit snacks in Mexico is expected to see good retail volume and fast retail current value growth over 2024. With stabilising rates of inflation and unemployment and a growing female presence in the workforce,…

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…

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 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…

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…

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…

Producers of sweet biscuits, snack bars and fruit snacks in Chile have been navigating economic challenges, notably price hikes, by adopting a subtle yet impactful strategy known as shrinkflation. This approach, while not new, has become increasingly…

During the latter half of the review period, sweet biscuits, along with other household staples. were affected by inflationary pressures. This was partly due to the impact of rising energy costs, which made the production of food more expensive.…

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…

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…

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…

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 Mexico remained a popular category of snacks towards the end of the review period. In 2024, Mexico is expected to occupy second place in terms of the consumption of sweets and chocolate in Latin America. Local consumers’ love…

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…

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 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.…

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…

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…

Shrinkflation has emerged as a notable strategy employed by producers of sugar confectionery in Chile to navigate cost increases, while safeguarding their profit margins without substantially raising prices. Shrinkflation refers to the practice of…

Sugar confectionery saw a flat performance in retail volume terms in 2023, continuing the trend of the previous year. However, this represented a significant improvement from 2020 and 2021, when the category saw a slump in demand, due to limited…

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…

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…

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…

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…

Retail volume sales of snacks are set to see healthy growth in 2024. Despite difficult economic conditions and rising prices, demand for snacks will remain healthy with falling unemployment acting in support. Confectionery is set to benefit from the…

In 2024, still relatively high inflation is playing a key role in snacks in Mexico. As input costs rise and crops are adversely affected by climate change, for example in the case of cocoa, companies are developing strategies to maintain their volume…

During 2024 sales of snacks suffered from inflationary pressures which dampened growth in volume sales. Imported brands lost competitiveness due to their higher prices as constraints on disposable income stimulated consumer caution in their spending…

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…

Snacks is set to see modest growth in 2024 due to rising prices caused by inflation and increasing prices of raw materials, with imported brands being especially affected. However, while price remains important, many consumers are seeking small…

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 –…

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.

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…

In 2024, snacks in Colombia continues to be impacted by economic challenges underpinned by strong inflationary pressures. While expected to be significantly lower than the double-digit peaks recorded in 2022 and 2023, the inflation rate in Colombia…

Snacks in Chile is undergoing significant market developments influenced by a variety of trends that reflect evolving consumer preferences, economic factors, and industry dynamics. One notable trend is the inflationary pressure on chocolate…

Retail sales of snacks in Brazil registered a buoyant performance in current value terms in 2023, with savoury snacks and chocolate confectionery leading the way. However, this was partially due to inflationary pressures, as growth was more moderate…

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 2023, snacks in Argentina performed well. Despite the complexity of the economic context, with a triple-digit inflation rate and a drop in GDP, consumption registered a rise in retail volume terms across snacks categories. During the year, with…

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 in Peru is seeing polarisation in packaging sizes in 2024, with local needs and preferences shifting in line with changing consumptions occasions and economic context. One trend is the growing preference for larger packaging sizes,…

Savoury snacks in Mexico is projected to register moderate retail volume and strong retail current value growth over 2024. As in other snacks categories, a still high inflation rate has forced consumers to prioritise and redistribute their…

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…

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 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…

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,…

Savoury snacks in Colombia is significantly affected by the inflationary climate in the market, which is causing consumers to restrict their discretionary spending. On the supply side, manufacturers are facing increased input costs resulting from…

Savoury snacks in Chile is undergoing a significant transformation due to the phenomenon of shrinkflation, prompted by escalating production costs. This trend, where product sizes decrease while prices remain the same or even increase, reflects a…

Savoury snacks registered an improved performance in retail volume terms in 2023. Growth was boosted by the return to out-of-home activities and the pursuit of products that catered to the need for on-the-go consumption occasions, with many consumers…