South America Ice Cream Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Flavor (Vanilla, Chocolate, Fruit, and Others), Category (Conventional and Sugar Free), Form (Cups and Tubs, Bars and Sticks, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)
The SAM ice cream market is expected to grow from US$ 7,024.92 million in 2022 to US$ 9,207.20 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2022 to 2028.
Ice cream manufacturers are developing products with nutritional components, organic herbal fillings, and exotic flavors in product formulation to acquire a competitive advantage and appeal to more consumers. Manufacturers are introducing new exotic flavors such as coconut, lemon, and tropical fruits to adapt to shifting consumers' tastes. Additionally, consumers concerned about their health favor Skinny Cow, a low-calorie and low-fat ice cream brand. As a result, their consumer base is increasing. Additionally, the favorable regulations support the market innovations that were examined. Ice cream manufacturers are investing significantly in product innovation to expand their customer base and meet emerging consumer trends. Many brands and companies are launching innovative limited edition and seasonal flavors for frozen desserts in collaboration with other small players, which is gaining traction among consumers. Therefore, catering premium products with innovative flavors and loaded indulgences to consumers are driving the growth of ice cream market.
Vendors in the ice cream market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the SAM ice cream market at a good CAGR during the forecast period.
SAM Ice Cream Market Revenue and Forecast to 2028 (US$ Million)
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SAM Ice Cream Market Segmentation
The SAM ice cream market is segmented on the basis of flavor, category, form, distribution channel, and country. Based on flavor, the market is segmented into vanilla, chocolate, fruit, and others. The chocolate segment dominated the market in 2022 and is expected to register the highest CAGR during forecast period. Based on category, the market is segmented into conventional and sugar free. The conventional segment dominated the market in 2022 and sugar free segment is expected to register the highest CAGR during the forecast period. Based on form, the SAM ice cream market is segmented into cups & tubs, bars & sticks, and others. The cups & tubs segment dominated the market in 2022, and the bars & sticks segment is expected to register the highest CAGR during the forecast period. Based on distribution channel, the SAM ice cream market is segmented into supermarkets and hypermarkets, specialty store, online retail, and others. The supermarkets and hypermarkets segment dominated the market in 2022, and the online retail segment is expected to register the highest CAGR during the forecast period. Based on country, the SAM ice cream market is segmented into Brazil, Argentina, and Rest of SAM.
General Mills Inc.; Inspire Brands, Inc.; Lotte Confectionery Co., Ltd.; Mars, Incorporated; Nestlé S.A.; and Unilever are among the leading companies in the SAM ice cream market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
4. SAM Ice Cream Market Overview
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
5. SAM Ice Cream Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand for Frozen Desserts
5.1.2 Innovative Flavors and Loaded Indulgence
5.2 Market Restraints
5.2.1 Health Problems Associated with Ice Cream
5.3 Market Opportunities
5.3.1 Rising Popularity of Functional Ice Cream
5.4 Future Trends
5.4.1 Increasing Trend of Consuming Dairy-Free and Vegan Ice Cream
5.5 Impact Analysis of Drivers and Restraints
6. Ice Cream Market – SAM Market Analysis
6.1 SAM Ice Cream Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Ice Cream Market Analysis – By Flavor
7.1 Overview
7.2 SAM Ice Cream Market, By Flavor (2021 and 2028)
7.3 Vanilla
7.3.1 Overview
7.3.2 Vanilla: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Chocolate
7.4.1 Overview
7.4.2 Chocolate: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Fruit:
7.5.1 Overview
7.5.2 Fruit: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Ice Cream Market– Revenue and Forecast to 2028 (US$ Million)
8. SAM Ice Cream Market Analysis – By Category
8.1 Overview
8.2 SAM Ice Cream Market, By Category (2021 and 2028)
8.3 Conventional
8.3.1 Overview
8.3.2 Conventional: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Sugar Free
8.4.1 Overview
8.4.2 Sugar Free: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Ice Cream Market Analysis – By Form
9.1 Overview
9.2 SAM Ice Cream Market, By Form (2021 and 2028)
9.3 Cups and Tubs
9.3.1 Overview
9.3.2 Cups and Tubs: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Bars and Sticks
9.4.1 Overview
9.4.2 Bars and Sticks: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
10. SAM Ice Cream Market Analysis – By Distribution Channel
10.1 Overview
10.2 SAM Ice Cream Market, By Distribution Channel (2021 and 2028)
10.3 Supermarkets and Hypermarkets
10.3.1 Overview
10.3.2 Supermarkets and Hypermarkets: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Specialty Stores
10.4.1 Overview
10.4.2 Specialty Stores: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Online Retail
10.5.1 Overview
10.5.2 Online Retail: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
11. South America Ice Cream Market – Country Analysis
11.1 Overview
11.1.1 SAM: Ice Cream Market, by Key Country
11.1.1.1 Brazil: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Brazil: Ice Cream Market, By Flavor
11.1.1.1.2 Brazil: Ice Cream Market, by Category
11.1.1.1.3 Brazil: Ice Cream Market, By Form
11.1.1.1.4 Brazil: Ice Cream Market, by Distribution Channel
11.1.1.2 Argentina: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Argentina: Ice Cream Market, By Flavor
11.1.1.2.2 Argentina: Ice Cream Market, by Category
11.1.1.2.3 Argentina: Ice Cream Market, By Form
11.1.1.2.4 Argentina: Ice Cream Market, by Distribution Channel
11.1.1.3 Rest of SAM: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Rest of SAM: Ice Cream Market, By Flavor
11.1.1.3.2 Rest of SAM: Ice Cream Market, by Category
11.1.1.3.3 Rest of SAM: Ice Cream Market, By Form
11.1.1.3.4 Rest of SAM: Ice Cream Market, by Distribution Channel
12. Company Profiles
12.1 Unilever
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Nestlé S.A.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 General Mills Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Mars, Incorporated
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lotte Confectionery Co., Ltd.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Inspire Brands, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Ice Cream Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Ice Cream Market, By Flavor – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Ice Cream Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil Ice Cream Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 5. Brazil Ice Cream Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina Ice Cream Market, By Flavor – Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina Ice Cream Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 8. Argentina Ice Cream Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 9. Argentina Ice Cream Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM Ice Cream Market, By Flavor – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of SAM Ice Cream Market, by Category – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of SAM Ice Cream Market, By Form – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of SAM Ice Cream Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Ice Cream Market Segmentation
Figure 2. SAM Ice Cream Market Segmentation – By Country
Figure 3. SAM Ice Cream Market Overview
Figure 4. SAM Ice Cream Market: By Flavor
Figure 5. SAM Ice Cream Market: By Country
Figure 6. Porter's Five Forces Analysis: Ice Cream Market
Figure 7. Expert Opinion
Figure 8. SAM Ice Cream Market Impact Analysis of Drivers and Restraints
Figure 9. SAM: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. SAM Ice Cream Market Revenue Share, By Flavor (2021 and 2028)
Figure 11. SAM Vanilla: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. SAM Chocolate: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. SAM Fruit: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. SAM Others: Ice Cream Market– Revenue and Forecast To 2028 (US$ Million)
Figure 15. SAM Ice Cream Market Revenue Share, By Category (2021 and 2028)
Figure 16. SAM Conventional: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. SAM Sugar Free: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. SAM Ice Cream Market Revenue Share, By Form (2021 and 2028)
Figure 19. SAM Cups and Tubs: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. SAM Bars and Sticks: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. SAM Others: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. SAM Ice Cream Market Revenue Share, By Distribution Channel (2021 and 2028)
Figure 23. SAM Supermarkets and Hypermarkets: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. SAM Specialty Stores: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. SAM Online Retail: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. SAM Others: Ice Cream Market – Revenue and Forecast To 2028 (US$ Million)
Figure 27. SAM Ice Cream Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. SAM: Ice Cream Market Revenue Share, by Key Country (2021 and 2028)
Figure 29. Brazil: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Argentina: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of SAM: Ice Cream Market – Revenue and Forecast to 2028 (US$ Million)
- General Mills Inc.
- Inspire Brands, Inc.
- Lotte Confectionery Co., Ltd.
- Mars, Incorporated
- Nestlé S.A.
- Unilever
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the SAM ice cream market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the SAM ice cream market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the ice cream market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution