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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Latin America Cookies Market Outlook
The Latin America cookies market size is projected to grow at a CAGR of 5.4% between 2024 and 2032. The market is being driven by the rising sales of cookies on online platforms and the rising popularity of traditional cookies.
Key Takeaways
- Online retail stores are expected to constitute a major portion of the Latin America cookies market share.
- Chocolate cookies are expected to dominate the market demand in Latin America.
- Mexico and Brazil are expected to be leading regions in the Latin America market for cookies.
Rapid digitalisation has enabled many local artisans and chefs to take their businesses online, which has led to the growth of the Latin America cookies market. Local chefs provide delicious snacking options created from healthy ingredients, including cornstarch and eggs. The cookies are then dipped in chocolate syrup or coconut powder, which gives them a unique taste and texture and contributes to their consumer appeal.
The rising popularity of traditional cookies as a favourable snacking option is also contributing to the Latin America cookies market expansion. For example, in Argentina, alfajores are taking over the demand for commercially manufactured cookies in some regions, due to their authentic taste that serves to complement morning tea/coffee. Traditional Argentine pastries made with soft cookies, alfajores have a rich caramel taste and are consumed widely among people.
In countries like Mexico, cookies are also baked during special events like birthdays, weddings, and graduation ceremonies, among others. During the Christmas holiday season, Bisocochitos (a special cookie) constitutes as much as 30% of the diet of a resident of New Mexico, which points towards the importance of cookies in some parts of the Mexican culture and region. By designing cookie offerings which cater to important landmark events in the Mexican tradition and culture, major Latin America cookies market players can witness significant growth.
Market Segmentation
Latin America Cookies Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Plain and Butter-based Cookies
- Chocolate-based Cookies
- Others
Market Breakup by Distribution Channel
- Hypermarkets/Supermarkets
- Convenience Stores
- Specialist Retailers
- Online Retail Stores
- Others
Market Breakup by Country
- Brazil
- Argentina
- Mexico
- Colombia
- Chile
- Others
The key market players are M. Dias Branco S.A., Marilan Alimentos SA, Nestlé S.A., Bauducco & Cia Ltda, PepsiCo Inc., Mondelez International, Inc., Grupo Bimbo S.A.B. de C.V., Havanna S.A., Grupo Nutresa, and Arcor Group, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 5.4% between 2024 and 2032.
The various types of cookies in the market include plain and butter-based cookies and chocolate-based cookies, among others.
The various distribution channels for cookies in Latin America include hypermarkets/ supermarkets, convenience stores, specialist retail stores, and online retail stores, among others.
The major regions in the market are Brazil, Argentina, Mexico, Colombia, and Chile, among others.
The key market players are M. Dias Branco S.A., Marilan Alimentos SA, Nestlé S.A., Bauducco & Cia Ltda, PepsiCo Inc., Mondelez International, Inc., Grupo Bimbo S.A.B. de C.V., Havanna S.A., Grupo Nutresa, and Arcor Group, among others.
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