Snacks

Chocolate confectionery in Argentina registered an increase in retail volume sales in 2023, albeit modest and slower than the increments for gum and sugar confectionery. However, the demand for chocolate confectionery fell much more slowly than for…

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…

Tablets remained the leading format within chocolate confectionery in terms of retail value in 2023, having overtaken boxed assortments earlier in the review period. Moreover the former led growth within the category, continuing the trend of the…

Chocolate confectionery in Chile faces significant challenges due to further price increases driven by rising costs of cocoa. Cocoa is a fundamental ingredient in chocolate production, and fluctuations in its price directly impact production costs…

Chocolate confectionery in Colombia is projected to see further strong, if slower, growth in retail current value sales over 2024. Retail current value sales are being spiked by a still relatively high inflation rate, as retail volume sales decline.…

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 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…

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…

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…

Over 2024, chocolate confectionery in Mexico is expected to see moderate retail volume growth, only slightly below the increase posted in 2023. While slowing, the rate of inflation in Mexico remains significant and continues to affect manufacturer,…

In Peru, chocolate confectionery continues to be impacted by high temperatures in 2024, thanks to climate conditions persisting from 2023, when there was barely any winter. 2024 began with El Niño and has seen high-temperature records in several…

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…

In 2023, chewing gum in Argentina registered positive retail volume growth for a third consecutive year, but sales remained below the 2019 pre-Coronavirus (COVID-19) pandemic level, albeit only slightly. However, this growth should be seen against…

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…

Retail sales of gum saw a positive performance in current value terms in 2023, continuing the trend of the previous year. Growth was boosted by the return to out-of-home activities, following the normalisation of consumer lifestyles post-COVID-19.…

Unit price growth of gum in Chile serves as a crucial mechanism to offset volume decline, navigating the complex interplay between consumer behaviour, market dynamics, and pricing strategies. As the demand for gum experiences fluctuations, influenced…

Gum in Colombia continued to be affected by its status as a mature and consolidated snacks category with little room for dynamic activity at the end of the review period. According to trade sources, consumers’ oral care concerns and a desire to…

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…

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…

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,…

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…

In 2024, gum in Mexico is projected to see only a marginal increase in retail volume sales, with predicted strong retail current value growth largely dependent on inflationary pressure on prices. The overall performance is heavily influenced by that…

Gum in Peru in 2024 is rising, but growth in retail volume sales is still insufficient to allow the category to fully recover to pre-pandemic levels. One significant factor contributing to this shortfall is the impact of price increases. While price…

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…

Over 2024, ice cream in Argentina is projected to post a double-digit contraction in both retail and foodservice volume sales, due to two main factors. Firstly, the weather is expected to play a negative role, with anticipated increases in rainfall…

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…

Retail sales of ice cream in Brazil registered a decline in volume terms in 2023, albeit to a lesser extent than the previous year. This was partially due to rising production, storage and transportation costs, which manufacturers passed onto…

Chile's standing as one of the leading Latin American markets in terms of ice cream per capita consumption is a multifaceted phenomenon, deeply rooted in cultural, economic, and climatic factors that collectively drive its robust demand. First and…

Ice cream in Colombia is a very popular snacks category; Colombian consumers are amongst the biggest consumers of ice cream in Latin America. Unlike in other countries, where consumption can fluctuate according to the season, Colombia’s tropical…

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…

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…

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…

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…

Retail current value sales of ice cream in Mexico have been growing healthily consistently, with a further strong increase projected over 2024. This is supported by ice cream’s profitability, with margins pushed up by price increases amid an…

Ice cream in Peru is benefitting from high temperatures in 2024, with the country seeing a long hot season throughout 2023 and 2024 and barely any sign of winter. 2024 began with an El Niño phenomenon that brought intense heat waves in different…

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…

Despite the adverse economic context in 2023, the consumption of savoury snacks in Argentina was robust, leading to strong growth in retail volume terms. The presidential elections at the end of 2023 prompted the government to reinforce social aid…

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…

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…

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 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 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 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…

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 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…

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 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 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…

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…

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…