According to 6Wresearch, Latin America chocolate market size is projected to grow at a CAGR of 3.8% during 2019–2025. Shifting consumer perception towards premium products, increasing independent outlets as well as growing online retail market are the key factors catalysing the growth of chocolate market in Latin America. Rapid rise in chocolate conventions or events and sale of chocolates at the time of festivals are providing a boost to the market. However, increasing cost of raw materials of chocolates such as dairy, sugar or cocoa are expected to act as a restraint in the growth of the chocolate market over the coming years.
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“Latin America Chocolate Market (2019-2025)" report provides an in-depth analysis with 11 figures with 6 tables, covered in 200 pages. The report estimates and forecast the overall Latin America chocolate market by product type, by distribution channels, by chocolate type and by key countries including Brazil, Mexico and Rest of Latin America. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
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