PROSPECTS AND OPPORTUNITIES
Further growth of popular chocolate confectionery
Costa Ricans have a sweet tooth and will continue to seek indulgent products throughout the forecast period. Chocolate remains a popular choice across all age groups due to the pleasure it provides.
Product innovations to provide indulgent options for consumers
Leading brands, including Gallito and Britt, will continue to launch new products combining a variety of textures and flavours for an increasingly adventurous consumer base. Crossover with other categories is expected, such as liquor-filled chocolate, or hybrids between sugar confectionery and chocolate.
Health and wellness trend drives demand for dark chocolate
Consumers in Costa Rica are becoming increasingly knowledgeable about health and wellness, with higher-income segments actively seeking products that support a healthier lifestyle. As a result, demand for chocolate confectionery with higher cocoa content (at least 70%) is expected to experience further growth.
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Overview:
Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Costa Rica 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 Costa Rica, 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 Costa Rica 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 Costa Rica?
- Which are the leading brands in Chocolate Confectionery in Costa Rica?
- How are products distributed in Chocolate Confectionery in Costa Rica?
- 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 Costa Rica?
- 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 Costa Rica - Category analysis
KEY DATA FINDINGS
Global cocoa crisis pushes prices up
Grupo Café Britt benefits from tourism growth
Supermarkets remain the most important distribution channel
Further growth of popular chocolate confectionery
Product innovations to provide indulgent options for consumers
Health and wellness trend drives demand for dark chocolate
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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?
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This report originates from Passport, our Chocolate Confectionery research and analysis database.
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