With the return to normal activities, the consumption of chocolate confectionery will continue to witness steady volume growth following the return of pre-pandemic levels in 2022. The return of schooling, office-working and general social interacting has normalised demand with impulse consumption once again a major contributor.
Plant-based options such as vegan chocolate will see dynamic growth over the forecast period, but will remain a niche category in Ecuador. As a more expensive product, the category will attract mainly high-income groups and will therefore remain a small category.
Due to the low levels of employment in Ecuador and the economic crisis that the country is experiencing many Ecuadorians are becoming more entrepreneurial and as such, more new start-ups are expected to emerge in chocolate confectionery. Niche players are focusing on the product origin and also specific ingredients used to differentiate their brand although they face limitations in terms of retail distribution compared to major brands.
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Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in Ecuador with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of tablets, countlines, bagged selflines/softlines, boxed assortments, seasonal chocolate, chocolate with toys, alfajores and other chocolate confectionery. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.See All of Our Definitions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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