Latin America Premium Chocolate Market Size & Outlook

The premium chocolate market in Latin America is expected to reach a projected revenue of US$ 1,929.8 million by 2030. A compound annual growth rate of 3.6% is expected of Latin America premium chocolate market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,575.1
Forecast, 2030 (US$M)
$1,929.8
CAGR, 2025 - 2030
3.6%
Report Coverage
Latin America

Latin America premium chocolate market highlights

  • The Latin America premium chocolate market generated a revenue of USD 1,617.1 million in 2024.
  • The market is expected to grow at a CAGR of 3.6% from 2025 to 2029.
  • In terms of segment, milk chocolate was the largest revenue generating product in 2024.
  • Dark Chocolate is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2029.


Latin America data book summary

Market revenue in 2024USD 1,617.1 million
Market revenue in 2029USD 1,929.8 million
Growth rate3.6% (CAGR from 2024 to 2029)
Largest segmentMilk chocolate
Fastest growing segmentDark Chocolate
Historical data covered2018 - 2023
Base year for estimation2024
Forecast period covered2025 - 2029
Quantitative unitsRevenue in USD million
Market segmentationDark Chocolate, Milk Chocolate, White Chocolate
Key market players worldwideChocoladefabriken Lindt & Spruengli AG, Ferrero, Endangered Species Chocolates, The Hershey Company, Mondelez International Inc Class A, YILDIZ HOLDING, Lake Champlain Chocolates, CÉMOI Group, Rococo Chocolates


Other key industry trends

  • In terms of revenue, Latin America region accounted for 4.9% of the global premium chocolate market in 2024.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2029.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 9,394.6 million by 2029.

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Latin America premium chocolate market size, by country, 2018-2030 (US$M)

Latin America Premium Chocolate Market Outlook Share, 2024 & 2030 (US$M)

Latin America premium chocolate market size, by country, 2018-2030 (US$M)

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