Chile Ice Cream Market Report and Forecast 2024-2032

Chile Ice Cream Market Outlook

The Chile ice cream market size was approximately USD 383.87 million in 2023. The market is assessed to grow at a CAGR of 4.10% between 2024 and 2032, reaching a value of USD 555.54 million by 2032.

Key Takeaways

• Chile was the 59th largest global importer of ice cream in 2022, with imports amounting to $10.8M.

• The primary markets for Chilean ice cream imports include Argentina, the US, Italy, France, and Spain.

• The manufacturing of vegan and lactose-free ice cream by market participants is a notable trend. Through this, they aim to meet the needs of health-conscious individuals and those with lactose intolerance.

The Chile ice cream market growth is stimulated by multiple factors including the rising consumption of ready-to-eat processed foods, higher disposable incomes, and the availability of ice creams in various flavours. Major dairy product manufacturers are also implementing new processing techniques to enhance product quality, reduce costs, and prolong shelf life, thereby fuelling the expansion of the ice cream market.

As per the Chile ice cream market analysis, shifting consumer preferences and a greater focus on health-conscious eating habits are driving the demand for low-fat and low-calorie ice cream in Chile. Individuals are placing a higher emphasis on their dietary choices, leading them to seek out ice cream products that are low in fat, sugar-free, vegan, and lactose-free. Numerous prominent companies are focusing on developing products that are low in sugar and fat to cater to a wider consumer base, consequently driving up the Chile ice cream market share.

The focus on product innovation and the application of new technologies in production methods are becoming increasingly important for market players. For instance, in February 2021, Chilean food tech company, The Live Green Co, expanded its plant-based portfolio by introducing vegan-friendly clean-label ice creams. These new ice creams have been developed using the company's AI-powered technology, which has significantly reduced the research and development process to just 90 days. The ice creams are made with 100% plant-based natural ingredients such as bananas, avocados, and sunflower seeds. The development of these ice creams is facilitated by the company's AI recommendation engine, Charaka, which utilises machine learning and data on plant nutrition, biochemistry, and biotechnology to suggest natural plant alternatives to meat, dairy, and synthetic ingredients commonly found in ice creams.

Market Segmentation

Chile Ice Cream Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Flavour

• Chocolate

• Fruit

• Vanilla

• Others

Market Breakup by Source

• Dairy-based Ice Creams

• Vegan Ice Creams

Market Breakup by Category

• Impulse Ice Cream

• Take-Home Ice Cream

• Artisanal Ice Cream

Market Breakup by Product Type

• Cup

• Stick

• Cone

• Tub

• Brick

• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Ice Cream Parlour

• Hotels and Restaurants

• Online

• Others

Competitive Landscape

To gain competitive advantage, market participants are placing a greater emphasis on the production of vegan and sugar-free ice cream products.

• Grupo Arcor

• Wells Enterprises, Inc.

• MontHelado S.A.

• Ben & Jerry's Homemade, Inc.

• Unilever Plc

• Nestlé S.A.

• Fábrica Heladería Grido

• Sorvetes Jundia Industria e Comercio LTDA

• Colombina SA.

• General Mills, Inc.

• Blue Bell Creameries

• Others

Key Highlights of the Report