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South America Frozen Desserts Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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  • 90 Pages
  • January 2022
  • Mordor Intelligence
  • ID: 5119631

South America Frozen Desserts Market is projected to grow at a CAGR of 7.4% during the forecast period 2020-2025.

Key Highlights

  • 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.

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 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.

Competitive Landscape

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.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 By Product Type
5.1.1 Frozen Yogurt
5.1.2 Ice Cream Artisanal Ice Cream Dairy-based Ice Cream Water-based Ice Cream
5.1.3 Frozen Cakes
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Speciality Stores
5.2.4 Online Retailer
5.2.5 Others
5.3 By Geography
5.3.1 Brazil
5.3.2 Argentina
5.3.3 Rest of South America
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Creme Mel Sorvetes
6.4.2 Nestle S.A
6.4.3 General Mills Inc
6.4.4 Unilever
6.4.5 Dunkin' Brands Group, Inc
6.4.6 Grupo Nutresa
6.4.7 Chiquinho Ice Cream
6.4.8 Colombina SA
6.4.9 Arcor

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Creme Mel Sorvetes
  • Nestle S.A
  • General Mills Inc
  • Unilever
  • Dunkin' Brands Group, Inc
  • Grupo Nutresa
  • Chiquinho Ice Cream
  • Colombina SA
  • Arcor