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South America Ice Cream Market - Growth, Trends and Forecasts (2019 - 2024)

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  • 90 Pages
  • June 2019
  • Mordor Intelligence
  • ID: 4828317
UP TO OFF until Sep 30th 2023
Market Overview

South America ice cream market is projected to register a CAGR of 1.5% during the forecast period (2019 -2024).
  • Indulgence and impulse purchase have been the most important drivers for ice cream consumption in South America due 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, the consumption 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 was one of the pioneers of this trend in Brazil.

Scope of the Report

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)

Key Market Trends

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.

Competitive Landscape

The most active players in the South American ice cream market are Kibon, a brand owned by Unilever, Nestlé, Arcor SAIC and Jundiá. The main brands of South American premium ice cream are Diletto, Mil Frutas, and Frutos do Brasil. Presence of many large and small scale vendors make this market highly fragmented, with players who compete for innovation, product development, pricing, and distribution. These players are competing in terms of flavor, ingredients, size, packaging design, and marketing initiatives. The major strategies adopted by the companies operating in the South America ice cream market are new product development, launches, agreements/ partnerships, expansions, and acquisitions.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Type
5.1.1 Impulse Ice Cream
5.1.2 Take-home Ice Cream
5.1.3 Artisanal Ice Cream
5.2 Distribution Channel
5.2.1 Hypermarket/Supermarket
5.2.2 Convenience Store
5.2.3 Speciality Stores
5.2.4 Others
5.3 Geography
5.3.1 South America Brazil Argentina Rest of South America
6.1 Most Active Companies
6.2 Key Strategies Adopted
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Arcor
6.4.2 Heladeria Grido
6.4.3 Colombina SA
6.4.4 Frutos Do Brasil
6.4.5 Unilever
6.4.6 Nestle

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Arcor
  • Heladeria Grido
  • Colombina SA
  • Frutos Do Brasil
  • Unilever
  • Nestle