The Peru chocolate market size reached USD 442.79 Million in 2025. The market is expected to grow at a CAGR of 4.00% between 2026 and 2035, reaching almost USD 655.44 Million by 2035.
Base Year
Historical Period
Forecast Period
As per industry reports, in 2022, Peru's chocolate exports reached USD 52.8 million, positioning the country as the 50th largest exporter of chocolate globally. Chocolate ranked as the 89th most exported product from Peru during the same year. Key export destinations for Peruvian chocolate include the United States (USD 27.9M), Canada (USD 7.35M), Bolivia (USD 4.13M), Ecuador (USD 3.69M), and Chile (USD 3.39M). Notably, the United States, Canada, and Trinidad and Tobago emerged as the fastest-growing export markets for Peruvian chocolate between 2021 and 2022.
Conversely, Peru imported USD 51.9 million worth of chocolate in 2022, placing it as the 75th largest importer of chocolate globally. Chocolate ranked as the 207th most imported product in Peru during the same period. Peru's primary chocolate import sources include the United States (USD 8.6M), Malaysia (USD 7.61M), Singapore (USD 5.62M), Chile (USD 5.45M), and Colombia (USD 4.36M). Noteworthy growth in chocolate imports for Peru between 2021 and 2022 was observed from Singapore, Chile, and Colombia.
Compound Annual Growth Rate
4%
Value in USD Million
2026-2035
*this image is indicative*
The Peru chocolate market has experienced significant growth due to rising consumer demand across diverse demographics. Key trends include premiumisation and personalisation, reflecting a preference for upscale and customized chocolate products.
Cocoa, sourced from tropical evergreen trees in the South American Amazon, plays a vital role in chocolate production. While Africa leads in cocoa production, only 1% is organic, whereas Peru stands out as a major producer with 75% of its cocoa being organic. This organic cultivation contributes to the superior flavour and quality of Peruvian cacao beans.
Peru has a rich history in cacao cultivation, with 60% of the world's cocoa varieties originating from the Amazon basin area. Peruvian chocolate is renowned for its intense flavours, vibrant colours, and fruit aromas, stemming from the country's diverse terrains and unique plant genetic diversity.
Peru's cocoa industry emphasizes quality and sustainability, with over a quarter of production certified as organic, fair trade, or sustainable. The country's diverse growing regions contribute to the distinct flavour profiles found in Peruvian chocolate.
Peru's reputation as a top cocoa producer is bolstered by its cultivation of fine or flavour cocoa beans, comprising 75% of its production. This quality is attributed to Peru's varied growing regions, each contributing unique characteristics to the cocoa's taste.
The health benefits of dark chocolate, a specialty mastered by Peruvian producers, have garnered significant attention and research. With its exceptional cocoa quality and commitment to sustainability, Peru continues to elevate its status as a premier source of fine chocolate with both exquisite taste and nutritional value benefitting the Peru chocolate market development.
"Peru Chocolate Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Product Type
Market Breakup by Distribution Channel
One of the main strategies used by manufacturers of chocolate to serve customers and grow market share is local manufacturing to reduce operating costs.
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The market is estimated to be valued at USD 442.79 Million in 2025.
The market is projected to grow at a CAGR of 4.00% between 2026 and 2035.
The chocolate market is expected to witness healthy growth in the forecast period of 2026-2035 to reach around USD 655.44 Million in 2035.
The market is categorised according to its type, which includes dark chocolate, milk chocolate, and white chocolate.
The key market players are Nestlé S.A., Grupo Nutresa, August Storck KG, Cacaosuyo, Machu Picchu Food SAC, Shattell Chocolates, and others.
The market is driven by factors that include quality and sustainability, with over a quarter of production certified as organic, fair trade, or sustainable and health benefits of dark chocolate, among others.
The market is categorised according to its product type, which includes pure chocolate and compound chocolate.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Product Type |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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