South Africa Ice Cream Market Size & Outlook, 2023-2030
South Africa ice cream market, 2017-2030 (US$M)
Related Markets
South Africa ice cream market highlights
- The South Africa ice cream market generated a revenue of USD 1,594.0 million in 2023 and is expected to reach USD 1,874.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.3% 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.
Ice cream market data book summary
| Market revenue in 2023 | USD 1,594.0 million |
| Market revenue in 2030 | USD 1,874.3 million |
| Growth rate | 2.3% (CAGR from 2023 to 2030) |
| Largest segment | Bars |
| Fastest growing segment | Cones |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 1.4% of the global ice cream market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ice cream market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,874.3 million by 2030.
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Ice Cream Market Scope
Ice Cream Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 33.39% in 2023. Horizon Databook has segmented the South Africa ice cream market based on cartons, tubs, cups, cones, bars covering the revenue growth of each sub-segment from 2017 to 2030.
The ice cream market in the country comprises of privately and branded label products. Launch of new product lines by major players such as Nestle and Dairy Maid is expected to drive the market growth during the forecast period.
The take home ice cream dominated the market followed by impulse and artisanal ice cream. The growth is expected to depend on length of summer seasons which could impact the consumption pattern of consumers. Innovation in flavors and format could also contribute to the demand for ice creams in the country.
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Target buyers of South Africa 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ice cream market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ice cream market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa ice cream market size, by product, 2017-2030 (US$M)
South Africa Ice Cream Market Outlook Share, 2023 & 2030 (US$M)
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