PROSPECTS AND OPPORTUNITIES
Prices pose challenge for chocolate confectionery
Chocolate confectionery is expected to see further value growth over the forecast period, with volume sales also set to rise. Chocolate confectionery will probably continue to face significant challenges as it is unlikely that chocolate unit prices will fall in the foreseeable future as producers did not completely transfer cocoa’s spiked costs from 2024 and the additional 5% imposed on the health tax in 2025 to consumers, which explains the modest growth expected in terms of volume to 2030.
Evolving trends and preferences of consumers drive innovation
Competition is intense in chocolate confectionery, and it is becoming increasingly difficult for producers to stand out on retailers’ shelves and capture the attention of consumers. As such, new and interesting innovations not only in flavour but also in packaging, formats, and marketing will be key to success.
Plant-based options set to gain a foothold
Plant-based chocolate confectionery continues to be a niche market, primarily because of the higher production costs linked to plant-based ingredients, which have limited its mainstream appeal. Nonetheless, a growing consumer shift towards healthier and more sustainable options is fuelling the segment’s expansion.
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Overview:
Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Colombia 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 Colombia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Chocolate Confectionery in Colombia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Chocolate Confectionery in Colombia?
- Which are the leading brands in Chocolate Confectionery in Colombia?
- How are products distributed in Chocolate Confectionery in Colombia?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Chocolate Confectionery?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in Colombia?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Chocolate Confectionery in Colombia - Category analysis
KEY DATA FINDINGS
Cocoa price growth hits volumes sales
Competitive landscape remains stable
Small local grocers remains key, but discounters and convenience stores increase share
Prices pose challenge for chocolate confectionery
Evolving trends and preferences of consumers drive innovation
Plant-based options set to gain a foothold
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DISCLAIMER
The following categories and subcategories are included:
Chocolate Confectionery
- Chocolate Pouches and Bags
- Boxed Assortments
- Chocolate with Toys
- Countlines
- Seasonal Chocolate
- Tablets
- Other Chocolate Confectionery
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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