Latin America

Snacks is set to see modest growth in 2024 due to rising prices caused by inflation and increasing prices of raw materials, with imported brands being especially affected. However, while price remains important, many consumers are seeking small…

Snacks is heavily dependent on everyday impulse purchases in Ecuador. Confectionery, ice cream, sweet biscuits and savoury snacks are all largely procured through the traditional channel, which relies heavily on consumer footfall outside of the home.…

Persistent inflationary pressure has affected a variety of snacks categories over the review period, with higher unit prices stifling consumer demand and raising price sensitivity. According to official figures, inflation remains considerably higher…

Increased socialising and the return to post-pandemic habits is supporting the snacks category in 2023. Although inflation continues to cut into discretionary incomes and consumers remain price sensitive, most consumers have become accustomed to…

In 2024, snacks in Colombia continues to be impacted by economic challenges underpinned by strong inflationary pressures. While expected to be significantly lower than the double-digit peaks recorded in 2022 and 2023, the inflation rate in Colombia…

Snacks in Chile is undergoing significant market developments influenced by a variety of trends that reflect evolving consumer preferences, economic factors, and industry dynamics. One notable trend is the inflationary pressure on chocolate…

Retail sales of snacks in Brazil registered a buoyant performance in current value terms in 2023, with savoury snacks and chocolate confectionery leading the way. However, this was partially due to inflationary pressures, as growth was more moderate…

The snacks market in Bolivia in 2023 benefited from the growth of impulse purchases in single portion formats, mainly in sugar confectionery, savoury biscuits and impulse ice cream. After COVID-19, consumers resumed their activities outside of the…

In 2023, snacks in Argentina performed well. Despite the complexity of the economic context, with a triple-digit inflation rate and a drop in GDP, consumption registered a rise in retail volume terms across snacks categories. During the year, with…

In 2023, e-vapour products in Bolivia experienced considerable growth and formalisation in the distribution channels for e-vapour products. The availability of these products surged in both modern and traditional retail outlets. Initially, e-vapour…

In 2023, smokeless tobacco, e-vapour products and heated tobacco recorded rapid and robust rises in Peru, benefitting from trends that left other industry categories untouched. E-vapour products maintained extremely growth in terms of both volume and…

Heated tobacco products are still relatively new to the market with Philip Morris behind the arrival and expansion of the category in Mexico. Heated tobacco products are attracting interest due to the reduced harm claims compared to conventional…

E-vapour products in Costa Rica continued to post robust growth in volume and current value terms in 2023. Buoyant demand was underpinned by the fact that rising health awareness is driving more smokers to migrate from cigarettes and other forms of…

Over the review period, smokeless tobacco, e-vapour products and heated tobacco grew at high velocity, with value sales over 20 times higher in 2023 compared to the start of the review period. Outstanding sales of e-vapour products, namely closed…

E-vapour products in Chile continued to record strong growth in 2023, driven by closed vaping systems. In particular, closed system single use recorded double-digit growth in both volume and value terms during the year, making it the most relevant…

E-vapour products saw a marked rise in retail value sales in Ecuador in 2023. E-vapour products was a category that was subject to very low levels of control by the authorities during the review period. However, as it has gained space within the…

The e-vapour products market in the Dominican Republic recorded strong growth in 2023 thanks to the wide acceptance that these products are enjoying. They are attracting consumers of cigarettes and small cigars who perceive these products to be less…

Within e-vapour products in Guatemala, e-cigarettes continue to be very popular among consumers. These products are easily accessible, affordable, and are widely distributed throughout the country. In addition to being readily available throughout…

Even though some small local grocers have been forced to close, this retail format continues to grow in Peru. The closeness these retailers have with their customers, often as family providers, and the strong tradition they have in the Peruvian…

In 2023, small local grocers saw only moderate current value growth in Mexico, and in fact during the review period overall, the channel experienced the worst value performance amongst grocery retailers, seeing a value decline. The expansion of…