South America Compound Chocolate Market - Growth, Trends and Forecast (2020 - 2025)

The compound chocolate are used in industrial applications of bakery and confectionery products, as direct chocolate end-consumers, and in ice creams. The increased demand of coatings & coverings for the bakery products has raised compound chocolates' popularity among bakery applications. The market is sub-segmented on the product type, as compound chocolate chips, coatings, slabs, and others. The chocolate chips are used in products, such as ice cream, biscuits, and cookies chocolate slabs are utilized commercially by manufactures for industrial applications, where it is melted and further processed into final product.

Increased advancement in technology and the chocolate crisis in the market have provided a great opportunity to the compound chocolate market.  Countries, such as Chile, Argentina, and Brazil are becoming very sophisticated in their tastes, which is influencing the application of compound chocolate in several segments of food & beverage industry, including bakery & confectionery. For instance, Barry Callebaut opened a plant in Paine, nearly 45 km outside from Santiago, (Chile’s capital) as part of its agreement with Chilean subsidiary of Argentinean confectioners Grupo Arcor. Thus, companies are expanding their presence in emerging markets in the region, such as Chile, Argentina, Uruguay, Paraguay, and Peru.