Market Size of South America Ice Cream Industry
| 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 |
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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.
