Top 5 Companies in the Latin America Confectionery Market in 2025

The Latin America confectionery market reached a value of about USD 8.16 Billion in 2024. The market is projected to grow at a CAGR of 1.50% in the forecast period of 2025-2034 to reach around USD 9.47 Billion by 2034. The tremendous popularity of chocolate flavoured confectioneries among children and adults all over the world has helped in the growth of this industry immensely. The increase in disposable income amongst the general population has also boosted the growth of the confectionery market in this region. Nowadays, the subsequent rise of non-chocolate confectioneries such as gums and mints are expected to bolster this market further in the coming years.

The rising food and beverage industry in Brazil has increased the growth of the market and is expected to increase the dominance of the market in the forecast period. Also, the rise of the export market in Brazil in the past few years has accounted for a major increase in the confectionery market in the Latin American countries.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Top Latin America Confectionery Companies:

1. The Hershey Company

Hershey is a globally renowned and one of the oldest confectionery company. The company is a global market leader in the confectionery sector, producing a vast range of chocolates, sweets, mints and delicious snacks. The company has around 80 world famous brands such as Reese’s, Kisses, Jolly Rancher and Ice Breakers.

2. Mars, Incorporated

Mars is the world’s leading manufacturer of confectioneries such as chocolates, gums, mints, and many other snacks. The company has produced some of the most famous brands such as Snickers, M&M’s, Twix, Skittles, among countless others. Across the diverse and expanding portfolio of confectionery, food, and petcare products and services, 1,33,000 people are dedicated who are all moving in the same direction: forward. With USD 40 billion in annual sales, Mars produces some of the world’s best-loved brands

3. Mondelez International, Inc.

Mondelez is an American multinational confectionery company and produces a wide range of food and beverages. The company owns some of the most iconic brands such as Oreo, Cadbury and Toblerone. It is uniquely positioned to lead the future of snacking with strong leadership in the categories, an unparalleled portfolio of global and local brands and a solid footprint in fast-growing markets.

4. Arcor Group

The company is one of Argentina’s biggest food companies with more than 1500 products in its portfolio. Arcor gained massive success through the production of chocolates, sweets, cookies and candies, and its massive customer base in over 110 countries. The company specialises in the manufacture of consumer food products. Through these businesses, it seeks to provide an exclusive offer with constant innovation and a large portfolio of brands.

5. Nestlé S.A

Nestle is a global manufacturer of food products with factories in over 80 countries worldwide. The company produces a wide range of products such as chocolates, candies, frozen foods, ice cream and baby foods. With its headquarters still based in the Swiss town of Vevey, Nestle had sales of CHF 84.3 billion in 2020.