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South America Ice Cream Market Size (2024 - 2029)

The South American ice cream market is experiencing a steady growth trajectory, driven by consumer indulgence and impulse purchases. Health and wellness trends are influencing the market size, with a growing demand for low-fat, lactose-free, and calcium-rich variants. Ice cream companies are responding to these trends by introducing gluten-free, low-sugar, and smaller portion options. Despite stable production growth, seasonal consumption challenges, particularly in Brazil, are prompting a shift towards premium ice cream products to maintain market size.

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Market Size of South America Ice Cream Industry

S America ice cream (dec)
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 1.50 %

Major Players

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*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 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
South America
Brazil
Argentina
Rest of South America
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South America Ice Cream Market Size Summary

The South American ice cream market is characterized by a steady growth trajectory, driven primarily by consumer indulgence and impulse purchases. The market is witnessing a shift towards health-conscious options, with increasing demand for low-fat, lactose-free, and calcium-rich variants. This trend is prompting ice cream companies to innovate and offer products that align with these consumer preferences, such as gluten-free and low-sugar options. Despite the seasonal nature of ice cream consumption, particularly in Brazil, the rise of premium ice creams is helping to mitigate this challenge. Companies are leveraging this opportunity to differentiate their offerings through unique flavors, ingredients, and packaging designs, catering to the diverse tastes and preferences across the region.

The competitive landscape in the South American ice cream market is highly fragmented, with a mix of large and small players vying for market share. In Brazil, a significant number of micro and small enterprises dominate the market, especially in the popsicle segment, by providing localized offerings. Meanwhile, Argentina's mature market is seeing a surge in hybrid products, combining ice cream with other desserts, driven by consumer demand for novelty. Major players like Kibon, Nestlé, Arcor SAIC, and Jundiá are actively engaging in product development, strategic partnerships, and market expansions to enhance their presence. The market's dynamic nature is further fueled by ongoing innovation and strategic initiatives aimed at capturing consumer interest and expanding market reach.

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South America Ice Cream Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Impulse Ice Cream

      2. 2.1.2 Take-home Ice Cream

      3. 2.1.3 Artisanal Ice Cream

    2. 2.2 Distribution Channel

      1. 2.2.1 Hypermarket/Supermarket

      2. 2.2.2 Convenience Store

      3. 2.2.3 Speciality Stores

      4. 2.2.4 Others

    3. 2.3 Geography

      1. 2.3.1 South America

        1. 2.3.1.1 Brazil

        2. 2.3.1.2 Argentina

        3. 2.3.1.3 Rest of South America

South America Ice Cream Market Size FAQs

The South America Ice Cream Market is projected to register a CAGR of 1.5% during the forecast period (2024-2029)

Arcor, Heladeria Grido, Nestle, Frutos Do Brasil and Unilever are the major companies operating in the South America Ice Cream Market.

South American Ice Cream Market Report Snapshots

South American Ice Cream Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)