Latin America Snacks Market 2025

Forecasts highlight a favorable growth outlook for the Latin America snacks market, with a projected increase of USD 29.7 billion and a CAGR close to 6.4% through 2030. The Latin American snacks market is experiencing robust growth, driven by changing consumer preferences and evolving lifestyles. Urbanization is playing a key role in the shift towards more convenient, packaged snack options, as busy professionals and millennials seek quick, on-the-go solutions. Additionally, rising disposable incomes in countries like Brazil, Mexico, and Argentina are encouraging consumers to indulge in premium snack products. Health trends are also emerging, with increasing demand for snacks that offer functional benefits such as reduced sugar, added protein, or snacks made with natural and organic ingredients.

The report aims to deliver comprehensive data on the Latin America snacks market, covering annual market size and growth rates over the past six years, along with projections through 2030. It provides an in-depth analysis of market categories and subcategories, with a particular focus on evolving trends by product type, distribution channel and country.

Market Segmentation

The Latin America snacks market is classified into the following segments:
Product type: confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, snack bars, sweet biscuits
Distribution channel: supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, others
Country: Argentina, Brazil, Chile, Colombia, Mexico, others

The snacks market in the Latin America is segmented by product type, distribution channel and country. The market is classified by product type into confectionery, ice cream and frozen dessert, savoury snacks, fruit snacks, snack bars, and sweet biscuits. Distribution channel segmentation comprises supermarkets and hypermarkets, discounters, warehouse clubs, food and drinks stores, grocery stores, bars and HoReCa, e-commerce, and others. Geographically, the market includes Argentina, Brazil, Chile, Colombia, Mexico and others.

Competitive Landscape

The market features leading players such as Unilever PLC, The Hershey Company, Productos Alimenticios Diana S.A. de C.V., Perfetti Van Melle Group, PepsiCo Inc., Pandurata Alimentos Ltda, Nestle S.A., Mondelez International Inc., Mars Incorporated, Marilan Alimentos S.A., M Dias Branco SA Industria & Comercio de Alimentos, Kellanova, Industria De Alimentos Trendy S.A., Ibac Industria Brasileira De Alimentos E Chocolate Ltda., Grupo Nutresa S.A., Grupo CRM Industria e Comercio de Alimentos Ltda., Grupo Bimbo S.A.B. de C.V., Grupo Arcor S.A., General Mills Inc., Ferrero International S.A., Empresas Carozzi S.A., Embotelladoras Arca S.A. de C.V., Dulces y Chocolates de la Rosa S.A. de C.V., Dori Alimentos S.A., Cooperativa de Productores de Leche Dos Pinos R.L., Colombina SA and Canel’s S.A. de C.V.

This analysis offers a comprehensive overview of the main players in the snacks market, evaluating their performance trends from 2020 to 2024. Key findings illustrate shifts in market share, identifying both dominant firms and rising competitors.

Why Buy This Report?

Obtain precise statistical data and forecasts for the Latin America snacks market.
Gain in-depth analysis and forecasts for the key segments of the Latin America snacks market: product type, distribution channel and country.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the Latin America snacks market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Latin America snacks market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latin America Snacks Market – Product Type Analysis
Latin America Snacks Market – Distribution Channel Analysis
Latin America Snacks Market – Country Analysis
Company Shares Analysis
Unilever PLC
The Hershey Company
Productos Alimenticios Diana, S.A. de C.V.
Perfetti Van Melle Group
PepsiCo, Inc.
Pandurata Alimentos Ltda
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table Latin America Snacks Market 2020-2030
Chart Latin America Snacks Market, Net Growth, 2020-2030
Chart Latin America Snacks Market, Growth Rates, 2020-2030
Table Latin America Snacks Market by Product Type, 2020-2030
Chart Latin America Snacks Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latin America Snacks Market by Product Type, 2020-2030
Table Latin America Snacks Market by Distribution Channel, 2020-2030
Chart Latin America Snacks Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latin America Snacks Market by Distribution Channel, 2020-2030
Table Latin America Snacks Market by Country, 2020-2030
Chart Latin America Snacks Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Latin America Snacks Market by Country, 2020-2030
Table Latin America Snacks Market Share (%), by Companies, 2020-2024
Chart Latin America Snacks Market, by Companies, 2024
Table Latin America Snacks Market Share (%), by Brands, 2020-2024
Chart Latin America Snacks Market, by Brands, 2024
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Snacks Market: Spend as a Proportion of GDP (%)
Table Latin America Snacks Market: Consumption per Capita (Population)

Companies Mentioned

Unilever PLC
The Hershey Company
Productos Alimenticios Diana, S.A. de C.V.
Perfetti Van Melle Group
PepsiCo, Inc.
Pandurata Alimentos Ltda
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Marilan Alimentos S.A.
M Dias Branco SA Industria & Comercio de Alimentos
Kellanova
Industria De Alimentos Trendy S.A.
Ibac Industria Brasileira De Alimentos E Chocolate Ltda.
Grupo Nutresa S.A.
Grupo CRM Industria e Comercio de Alimentos Ltda.
Grupo Bimbo, S.A.B. de C.V.
Grupo Arcor S.A.
General Mills, Inc.
Ferrero International S.A.
Empresas Carozzi S.A.
Embotelladoras Arca, S.A. de C.V.
Dulces y Chocolates de la Rosa S.A. de C.V.
Dori Alimentos S.A.
Cooperativa de Productores de Leche Dos Pinos R.L.
Colombina SA
Canel’s, S.A. de C.V.