South American Ice Cream Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South American Ice Cream Market Analysis
South America ice cream market is projected to register a CAGR of 1.5% during the forecast period (2020-2025).
- Indulgence and impulse purchase havebeen the most important drivers for ice cream consumption in South Americadue to the inherent nature of the product.
- Health and wellness trends have led to the inclination of consumers toward low fat, lactose-free variants, and calcium-rich variants. Thus, gluten-free, low-sugar and small portion ice creams are now in demand in South America.Ice cream companies are tapping into the market opportunity by offering these products that help people achieve these desires.
- Though the growth in production is stable, ice cream is still a product regarded as best consumed when temperatures are high.Thus, theconsumption of ice cream in the Brazilian market seasonally declines.In order to overcome this issue,there is a rise in the trend of premium ice creams. For instance, Bacio di Latte wasone of the pioneers of this trend in Brazil.
South American Ice Cream Market Trends
This section covers the major market trends shaping the South America Ice Cream 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 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 the 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.
Growing market for Frozen Desserts and Hybrid Products in Argentina
The Argentine ice cream market is mature and offers a wide choice of products. As the demand for ice cream 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. The Argentine frozen desserts market was valued at USD 0.15 billion in 2016, and is forecasted to reach USD 0.35 billion by 2024, registering a CAGR of 11.17% over the forecast period. Chilled dairy desserts have been a preferred substitute for the Argentines; but there has been strong growth in the purchase of impulse ice cream in the country, due to considerable volume growth of companies, such as Nestle Argentina SA and Arcor SAIC in this sector.
South American Ice Cream Industry Overview
South American Ice Cream Market Leaders
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Arcor
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Heladeria Grido
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Nestle
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Frutos Do Brasil
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Unilever
*Disclaimer: Major Players sorted in no particular order
South American Ice Cream 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 Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Type
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5.1.1 Impulse Ice Cream
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5.1.2 Take-home Ice Cream
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5.1.3 Artisanal Ice Cream
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5.2 Distribution Channel
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5.2.1 Hypermarket/Supermarket
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5.2.2 Convenience Store
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5.2.3 Speciality Stores
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5.2.4 Others
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5.3 Geography
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5.3.1 South America
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5.3.1.1 Brazil
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5.3.1.2 Argentina
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5.3.1.3 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 Key Strategies Adopted
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Arcor
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6.4.2 Heladeria Grido
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6.4.3 Colombina SA
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6.4.4 Frutos Do Brasil
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6.4.5 Unilever
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6.4.6 Nestle
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South American Ice Cream Industry Segmentation
South America Ice Cream Market is segmented by Type ( Impulse Ice Cream, Take-home Ice Cream and Artisanal Ice Cream), Distribution Channel (Supermarket/ Hypermarket, Convenience stores, Specialist Stores and Others)
| Type | |
| Impulse Ice Cream | |
| Take-home Ice Cream | |
| Artisanal Ice Cream |
| Distribution Channel | |
| Hypermarket/Supermarket | |
| Convenience Store | |
| Speciality Stores | |
| Others |
| Geography | |||||
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South American Ice Cream Market Research FAQs
What is the current South America Ice Cream Market size?
The South America Ice Cream Market is projected to register a CAGR of 1.5% during the forecast period (2024-2029)
Who are the key players in South America Ice Cream Market?
Arcor, Heladeria Grido, Nestle, Frutos Do Brasil and Unilever are the major companies operating in the South America Ice Cream Market.
What years does this South America Ice Cream Market cover?
The report covers the South America Ice Cream Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Ice Cream Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South American Ice Cream Industry Report
Statistics for the 2024 South American Ice Cream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South American Ice Cream analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
