South Africa Ice Cream Parlor Market Size & Outlook
South Africa ice cream parlor market, 2017-2030 (US$M)
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South Africa ice cream parlor market highlights
- The South Africa ice cream parlor market generated a revenue of USD 147.2 million in 2022 and is expected to reach USD 237.8 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.2% 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.
Ice cream parlor market data book summary
| Market revenue in 2022 | USD 147.2 million |
| Market revenue in 2030 | USD 237.8 million |
| Growth rate | 6.2% (CAGR from 2022 to 2030) |
| Largest segment | Branded/franchise |
| Fastest growing segment | Branded/Franchise |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, South Africa accounted for 1.3% of the global ice cream parlor market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa ice cream parlor 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 237.8 million by 2030.
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Ice Cream Parlor Market Scope
Ice Cream Parlor Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 60.12% in 2022. Horizon Databook has segmented the South Africa ice cream parlor market based on branded/franchise, independent covering the revenue growth of each sub-segment from 2017 to 2030.
The availability of new flavors and convenient packaging has led to an increased demand for ice creams in South Africa. It is considered one of the major substitutes for other desserts in the South African market.
Rising disposable income, increasing purchasing power, and improved standard of living have led to an increased demand for ice cream from local parlors and franchises. The lactose-free trend in South Africa is similar to that of Europe.
The prevalence of lactose intolerance in South Africa is nearly 81%, according to a Storhaug et. al study. This is expected to drive the demand for dairy-free ice creams. The South African ice cream market is characterized by the demand for gourmet and artisanal ice creams.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ice cream parlor market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ice cream parlor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ice cream parlor market size, by type, 2017-2030 (US$M)
South Africa Ice Cream Parlor Market Outlook Share, 2022 & 2030 (US$M)
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