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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Brazil to Account for a Significant Latin America Ice Cream Market Share, Fuelled by the Expansion of Ice Cream Stores
In Brazil, there is an increased demand for ice creams containing native fruits and flavours, among others. The expansion of ice cream stores by the leading companies in the country is further augmenting the overall Latin America ice cream market growth.
In August 2021, Jundiá Foods, a supplier of products like ice creams to ice cream parlours, convenience stores, and other food service establishments, announced its decision to expand its geographic area of operation and its aim to open ten physical retail units in the cities of Bauru, Jundiaí, and the interior of São Paulo.
The growing disposable incomes and the rapid urbanisation are boosting the sales of premium and artisan ice creams in Argentina and Chile. Ice creams are increasingly consumed in social activities and ceremonies owing to their excellent flavour and affordability.
New formats of ice creams with integrated spoons offering enhanced convenience are increasingly being launched in these countries owing to the increasing demand for on-the-go ice cream solutions. Various companies are increasingly expanding their operations in the region.
Various companies are also attempting acquisition activities in the region, which is driving the market growth. For instance, in June 2020, Unilever announced the sale process of its ice cream business in Chile to Carozzi. Under the agreement, the company would purchase local brands, Melevi and Bresler, and the license for the Latin America ice cream brands that the company retails such as Fruttare, Calippo, Magnum, Vienetta, Carte D’or, and Cornetto.
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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