Country Profile: Confectionery Sector in Venezuela
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The sector recorded marginal growth in value and volume terms, however, it declined drastically in US$ terms due to hyperinflation, and devaluation of Venezuelan Bolivar. Of the three markets, Chocolate is the largest in value terms, while the Gum market is forecast to register the fastest growth during 2016-2021. Hypermarkets & Supermarkets is the leading channel for the distribution of Confectionery products in the country. Flexible Packaging is the most commonly used package material in the sector, and is forecast to register the fastest growth during 2016-2021. Chocolates El Rey, C.A, The Hershey Company, and Mondelez International, Inc are the leading market players in the Venezuelan Confectionery sector.
GlobalData’s Country Profile report on the Confectionery sector in Venezuela provides insights on high growth markets to target, trends in the usage of package materials, category level distribution channel data and market share of brands.
What else is contained?
– Market data: Overall market value and volume data with growth analysis for 2011-2021.
– Category coverage: Value and growth analysis for Chocolate, Gum, and Sugar Confectionery with inputs on individual category share within each market and the change in their market share forecast for 2016-2021
– Leading players: Market share of brands and private labels, including private label growth analysis from 2011-2016
– Distribution data: Percentage of sales within each market through distribution channels such as Cash & Carries and warehouse Clubs, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, eRetailers and others
– Packaging data: consumption breakdown for package materials and pack types in each market, in terms of percentage share of number of units sold. Package material data for Glass, Flexible Packaging, Paper & Board, Rigid Plastics, and others; Pack data for: Carton, Film, Bag/Sachet, Tub, Wrapper, Bottle, and Tube.
Scope
– The Venezuelan Confectionery sector is forecast to register an overall volume growth of 5.5% during 2016-2021.
– Chocolate is the largest market in value terms in the Venezuelan Confectionery sector.
– The Gum market is forecast to register the fastest growth during 2016-2021.
– Hypermarkets & Supermarkets is the leading distribution channel, followed by Convenience Stores.
– ‘El Rey’ accounts for the leading share in the Venezuelan Confectionery sector.
– Flexible Packaging is the most commonly used package material in the Venezuelan Confectionery sector.
Reasons to Buy
– Identify high potential categories and explore further market opportunities based on detailed value and volume analysis
– Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities
– Gain an understanding of the total competitive landscape based on detailed brand share analysis to plan effective market positioning
– Manufacturers can identify the opportunities to position products with H&W attributes/benefits
– Access the key and most influential consumer trends driving Confectionery products consumption, and how they influence consumer behavior in the market which will help determine the best audiences to target
– Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion
The Hershey Company
Mondelez International Inc
Nestle
Colombina S.A.
Chocolates St. Moritz
Nucita Venezolana C.A.
Mars Incorporated
Guatemalan Candies S.A.
Perfetti Van Melle SpA
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