The Brazil confectionary market is suggested to have reached a value of over BRL 17.5 billion at the beginning of 2007, and is estimated to have totalled around BRL 24 billion by the start of 2012. It is forecast that by 2017 the value of the Brazil confectionary market will be around BRL 32 billion.
The industry is suggested to have grown at a CAGR growth rate of over 5.5% between 2007 and 2012, and is forecast to witness a slight increase in growth over the forecast period, growing 5.6% between 2012 and 2017.
In terms of categories, 'Chocolate' is forecast to continue as the largest sector in the industry, and will be valued at around BRL 14 billion by 2017. The second largest category, 'Sugar Confectionary' will be worth around BRL 13 billion by 2017. Despite this, the fastest growing category is suggested to be a third sector, 'Gum', which will grow at a CAGR growth rate of over 6% between 2012 and 2017.
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