South America Frozen Desserts Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Frozen Desserts Market Analysis
South America Frozen Desserts Market is projected to grow at a CAGR of 7.4% during the forecast period 2020-2025.
- In South America, the frozen desserts market is being driven by rising disposable incomes, the introduction of new flavors, increasing impulse purchasing, and huge demand for frozen desserts products among consumers.
- Moreover, the growing demand for ice-creams with 'natural' and 'functional' claims is exhibiting strong growth in metropolitan countries. Manufacturers are using effective marketing strategies through digital platforms, mobile apps and social media platforms such as twitter in these emerging markets and are introducing new flavors to drive the consumption and create new customer acquisition.
South America Frozen Desserts Market Trends
This section covers the major market trends shaping the South America Frozen Desserts Market according to our research experts:
Active Participation of Medium and Small Enterprises in Brazil
In order to gain competitive advantage and cater to the rising demand for economically priced ice cream, country-level players are differentiating their offerings in terms of flavor, ingredients, size, packaging design, and marketing initiatives. For instance, in 2018, there were around 8000 players operating in the Brazil ice cream industry, out of which around 7,200 were micro and small enterprises. Small enterprises have a significant presence in the ice cream market of Brazil, especially in the market for popsicles, as they come up with offerings that fulfill the need of local customers. Owing to such a competitive market, small players are adopting various strategic moves in order to broaden their presence. For instance, Sorvetes Jundiá Indústria e Comércio Ltda and Sorveteria Creme Mel SA are slowly increasing their penetration.
Argentina is the Fastest Growing Country
The Argentine frozen desserts market is mature and offers a wide choice of products. As the demand for ice cream in the country is driven by consumer desire, ice cream companies are tapping into this trend by offering products that help people achieve these desires. In order to gain market share, existing companies are changing their product portfolio by introducing novel products. For instance, a new trend that will continue to be popular in the coming years is the trend of hybrid products, i.e. ice cream in combination with cakes, cookies, marshmallows, etc. Some of the leading private label brands operating in Argentina are Coto, Carrefour, Great Value, and Jumbo, among others.
South America Frozen Desserts Industry Overview
Companies are increasing their investments in research and development (R&D) and marketing and expanding their distribution channels to maintain their position in the market and offer innovative and healthy frozen desserts. Furthermore, some of the major players such as Unilever, Nestle, Grupo Nutresa, Arcor, and Creme Mel Sorvetes are the most active companies with numerous brands offering a broad range of frozen desserts across the region. The companies have spent considerably on improving quality, product innovation in terms of flavor, and packaging.
South America Frozen Desserts Market Leaders
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Nestle S.A
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Unilever
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Dunkin' Brands Group, Inc
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Grupo Nutresa
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Arcor
*Disclaimer: Major Players sorted in no particular order
South America Frozen Desserts Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Frozen Yogurt
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5.1.2 Ice Cream
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5.1.2.1 Artisanal Ice Cream
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5.1.2.2 Dairy-based Ice Cream
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5.1.2.3 Water-based Ice Cream
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5.1.3 Frozen Cakes
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5.1.4 Others
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Speciality Stores
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5.2.4 Online Retailer
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5.2.5 Others
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5.3 By Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Creme Mel Sorvetes
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6.4.2 Nestle S.A
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6.4.3 General Mills Inc
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6.4.4 Unilever
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6.4.5 Dunkin' Brands Group, Inc
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6.4.6 Grupo Nutresa
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6.4.7 Chiquinho Ice Cream
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6.4.8 Colombina SA
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6.4.9 Arcor
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Frozen Desserts Industry Segmentation
South America frozen desserts market is segmented by product type, distribution channel, and geography. Based on product type, the market has been segmented into frozen yogurt, ice cream, frozen cakes, others. Furthermore, the ice cream segment has been classified into artisanal ice cream, dairy-based ice cream, water-based ice cream. Based on the distribution channel, the market has been segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online retailers, and others. Based on geography, the report provides a detailed regional analysis, which includes Brazil, Argentina, and rest of South America.
| By Product Type | |||||
| Frozen Yogurt | |||||
| |||||
| Frozen Cakes | |||||
| Others |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Speciality Stores | |
| Online Retailer | |
| Others |
| By Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Frozen Desserts Market Research FAQs
What is the current South America Frozen Desserts Market size?
The South America Frozen Desserts Market is projected to register a CAGR of 7.40% during the forecast period (2024-2029)
Who are the key players in South America Frozen Desserts Market?
Nestle S.A, Unilever, Dunkin' Brands Group, Inc, Grupo Nutresa and Arcor are the major companies operating in the South America Frozen Desserts Market.
What years does this South America Frozen Desserts Market cover?
The report covers the South America Frozen Desserts Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Frozen Desserts Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Frozen Desserts Industry Report
Statistics for the 2024 South America Frozen Desserts market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Frozen Desserts analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
