Peru Chocolate Market Report and Forecast 2025-2034
Market Report I 2025-06-06 I 130 Pages I EMR Inc.
The Peru chocolate market size reached USD 425.76 Million in 2024. The market is expected to grow at a CAGR of 4.00% between 2025 and 2034, reaching almost USD 630.23 Million by 2034.
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 Peruchocolate marketdevelopment.
Market Segmentation
Peru Chocolate Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
- Dark Chocolate
- Milk Chocolate
- White Chocolate
Market Breakup by Product Type:
- Pure Chocolate
- Compound Chocolate
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Others
Competitive Landscape
One of the main strategies used by manufacturers of chocolate to serve customers and grow market share is local manufacturing to reduce operating costs.
- Nestle S.A.
- Grupo Nutresa
- August Storck KG
- Cacaosuyo
- Machu Picchu Food SAC
- Shattell Chocolates
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Latin America Chocolate Market Overview
5.1 Key Industry Highlights
5.2 Latin America Chocolate Historical Market (2018-2024)
5.3 Latin America Chocolate Market Forecast (2025-2034)
5.4 Latin America Chocolate Market Share by Country
5.4.1 Brazil
5.4.2 Mexico
5.4.3 Argentina
5.4.4 Peru
5.4.5 Others
6 Peru Chocolate Market Overview
6.1 Key Industry Highlights
6.2 Peru Chocolate Historical Market (2018-2024)
6.3 Peru Chocolate Market Forecast (2025-2034)
7 Peru Chocolate Market by Type
7.1 Dark Chocolate
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Milk Chocolate
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 White Chocolate
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
8 Peru Chocolate Market by Product Type
8.1 Pure Chocolate
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Compound Chocolate
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 Peru Chocolate Market by Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Convenience Stores
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Online Stores
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code - 186)
12.1 Major Exporting Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Nestle S.A.
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 Grupo Nutresa
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 August Storck KG
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Cacaosuyo
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Machu Picchu Food SAC
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 Shattell Chocolates
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 Others
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