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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Disposable Incomes, Development of Diverse Flavoured Ice Creams, Growing Demand for Healthy Indulgence, and Innovative Ice Cream Storages to be Some of the Leading Latin America Ice Cream Market Trends
Increasing Disposable Income and Rapid Urbanisation
The growing disposable income, coupled with rapid urbanisation, in Latin America is bolstering the demand for ice creams.
Growing Preference for Ice Creams with Diverse Flavours
Consumers are increasingly attempting to cosmopolitanise their food palate, due to which the demand for ice creams with exotic and international flavours in Latin America is growing.
Rising Demand for Healthy Indulgence
With the growing health-consciousness in the region, the demand for low-fat and low-calorie ice creams containing functional ingredients is surging. Thus, manufacturers are preparing ice creams incorporated with health-supporting flavour ingredients such as turmeric, ginger, and herbs, among others.
Innovations in Ice Cream Storage
Innovations in ice cream storage to reduce greenhouse emissions and energy use are likely to augment the market growth.
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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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124