Latin America Ice Cream Parlor Market Size & Outlook
Latin America ice cream parlor market, 2017-2030 (US$M)
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Latin America ice cream parlor market highlights
- The Latin America ice cream parlor market generated a revenue of USD 732.6 million in 2022.
- The market is expected to grow at a CAGR of 5% from 2023 to 2030.
- In terms of segment, branded/franchise was the largest revenue generating type in 2022.
- Branded/Franchise is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 732.6 million |
| Market revenue in 2030 | USD 1,080.3 million |
| Growth rate | 5% (CAGR from 2022 to 2030) |
| Largest segment | Branded/franchise |
| Fastest growing segment | Branded/Franchise |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Branded/Franchise, Independent |
| Key market players worldwide | Berkshire Hathaway Inc Class A, MTY Food Group Inc, Unilever PLC, Chocoladefabriken Lindt & Spruengli AG, FAT Brands Inc Class A, Baskin Robbins, Amorino, Cream Stone, Ice Natural Ice Industry |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.4% of the global ice cream parlor market in 2022.
- 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 7,541.5 million by 2030.
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Ice Cream Parlor Market Scope
Ice Cream Parlor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America ice cream parlor 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 parlor market will help companies and investors design strategic landscapes.
Branded/franchise was the largest segment with a revenue share of 60.62% in 2022. Horizon Databook has segmented the Latin America ice cream parlor market based on branded/franchise, independent covering the revenue growth of each sub-segment from 2017 to 2030.
The ice cream parlor market in Central & South America is characterized by favorable climatic conditions and demand for tropical flavors and gelato ice creams. Ice cream parlors can also capitalize on the opportunities presented by the numerous beaches along the coast of many South American countries.
Setting up ice cream parlors near popular beach destinations with high foot traffic can attract both locals and tourists. Brazil, Paraguay, Chile, Colombia, Peru, and Argentina are key ice cream markets in the region. According to the Brazilian Association of Ice Cream Industries, the annual consumption of ice cream in Brazil alone is more than 5.3 liters per person.
This bodes well for the ice cream parlor market. Ice cream parlors across Central and South America tend to focus on natural and artisanal ice creams rather than traditional ones, primarily owing to the abundant availability of local and tropical fruits.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America ice cream parlor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America ice cream parlor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ice cream parlor market size, by country, 2017-2030 (US$M)
Latin America Ice Cream Parlor Market Outlook Share, 2022 & 2030 (US$M)
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