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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape in the Latin America Ice Cream Market
Sorvetes Jundiá Indústria E Comércio LTDA is the third leading Brazilian ice cream company that has above 30,000 points of sale across the country. It has a range of more than 80 products and is the leading impulse ice cream provider in the interior of Sao Paulo. It deploys modern technology to ensure the optimal quality and flavour of ice creams and innovate its offerings throughout the year.
Arcor Sociedad Anónima, Industrial Y Comercial is a leading multinational company of consumer food products, packaging, and agribusiness, based in Argentina. It is also the leading confectionery exporter in Chile, Peru, and Argentina. The company has above 40 industrial plants and 20,000 employees. Some of the company’s leading brands include Criollitas, Cofler, Formis, Mogul, and Godet, among others.
Unilever PLC is a consumer goods company based in Britain. It has about 400 brands and 148,000 employees across the globe. With a presence in more than 190 countries, its products benefit about 3.4 people each day. 13 of its brands had a turnover of above EUR 1 billion in 2021. Some of the leading businesses of the company include personal care, beauty and wellbeing, nutrition, home care, and ice creams.
Froneri Lux Topco S.à r.l. is a Latin America ice cream company with a presence across 24 countries. It is a long-standing license partner of companies like Mondelez and Nestle and has about 10,000 employees. It offers various ice cream products, ranging from sorbet, water ice, and organic ice cream to dairy ice creams and from tubes to sticks to cones. In December 2019, Froneri reached an agreement to acquire Nestle’s US ice cream business for USD 4 billion.
Latin America Ice Cream Market Report Snapshots
Latin America Ice Cream Market Size
Latin America Ice Cream Market Share
Latin America Ice Cream Market Trends
Latin America Ice Cream Market Growth
Latin America Ice Cream Market Analysis
Latin America Ice Cream Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2021, the market attained a value of nearly USD 4.02 billion.
The market is estimated to grow at a CAGR of 2.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 4.75 billion by 2027.
Ice cream is one of the most popular frozen desserts across the world, including Latin America. The versatility, indulgence, and excellent flavour profile of ice cream is significantly driving its popularity across Latin America.
The market is being aided by rising disposable incomes, the development of ice creams with innovative flavours, and the increasing consumption of ice creams in social settings.
Although ice cream is preferred by all age-groups, it is the most popular among the under-15 demographic and geriatric population. Americans over age 55, as per a new study, consume more ice cream per capita compared to any other age group.
The major countries in Latin America are Brazil, Argentina, Mexico, and Chile, among others.
The major flavours of ice cream in the market are chocolate, fruit, and vanilla, among others.
The various categories of ice cream are impulse ice cream, take-home ice cream, and artisanal ice cream.
The market is likely to be bolstered by the premiumisation of ice cream products, the growing demand for ice creams with a blend of native and exotic flavours, and the expanding distribution channels of ice creams.
The different product types of ice cream include cup, stick, cone, brick, and tub, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, convenience store, ice cream parlours, and online stores.
The major players in the market are Sorvetes Jundiá Indústria E Comércio LTDA, Arcor Sociedad Anónima, Industrial Y Comercial, Unilever PLC, and Froneri Lux Topco S.à r.l., among others.
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