Latin America Ice Cream Market Size & Outlook, 2023-2030
Latin America ice cream market, 2017-2030 (US$M)
Related Markets
Latin America ice cream market highlights
- The Latin America ice cream market generated a revenue of USD 8,550.7 million in 2023.
- The market is expected to grow at a CAGR of 3.9% from 2024 to 2030.
- In terms of segment, bars was the largest revenue generating product in 2023.
- Cones is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 8,550.7 million |
| Market revenue in 2030 | USD 11,198.3 million |
| Growth rate | 3.9% (CAGR from 2023 to 2030) |
| Largest segment | Bars |
| Fastest growing segment | Cones |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cartons, Tubs, Cups, Cones, Bars |
| Key market players worldwide | Unilever PLC, Inspire Brands, General Mills Inc, Nestle SA, Kahala Brands, Danone SA, NadaMoo |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.5% of the global ice cream market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 56,804.1 million by 2030.
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Ice Cream Market Scope
Ice Cream Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ice cream market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ice cream market will help companies and investors design strategic landscapes.
Bars was the largest segment with a revenue share of 32.69% in 2023. Horizon Databook has segmented the Latin America ice cream market based on cartons, tubs, cups, cones, bars covering the revenue growth of each sub-segment from 2017 to 2030.
Latin America is one of the fastest growing region for ice cream market with majority of contribution from Brazil. Rising demand from younger demographics and emerging middle class is expected to drive the market growth during the forecast period.
Artisanal ice cream is expected to show the fastest growth owing to growing product innovation by manufacturers in ice cream segment. Argentina, Peru, Mexico, and Chile are also expected to contribute significantly to the growing Latin American ice cream market.
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Target buyers of Latin America ice cream market databook
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Our clientele includes a mix of ice cream market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ice cream market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ice cream market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ice cream market size, by country, 2017-2030 (US$M)
Latin America Ice Cream Market Outlook Share, 2023 & 2030 (US$M)
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