Opportunities in the Latin American Ice Cream Sector: Analysis of Opportunities Offered by High Growth Economies

2017-09-01
Price :
Published : Sep-2017
No. of Pages : 96

Opportunities in the Latin American Ice Cream Sector: Analysis of Opportunities Offered by High Growth Economies

Summary

Global Ice Cream sector was valued at US$149,316.4 Million in 2016 and is forecast to record a CAGR of 4.1% during 2016-2021, to reach US$182,839.2 Million by 2021. North America, with a value share of 40.1% in 2016, represents the largest regional market, while Latin America accounted for a very minor share of 5.8% in the same year. The Latin America Ice Cream sector is forecast to grow at a CAGR of 4.6% in value terms during 2016-2021.

Latin America Ice Cream sector is forecast to grow from US$8,721.8 Million in 2016 to US$10,896.2 Million by 2021, registering a CAGR of 4.6%. Take-Home and Bulk Ice Cream is the largest market, followed by Impulse Ice Cream – Single Serve, and Artisanal Ice Cream. While the Take-Home and Bulk Ice Cream market was valued at US$3,373.2 Million in 2016, Impulse Ice Cream – Single Serve and Artisanal Ice Cream were valued at US$2,892.2 Million and US$2,456.4 Million, respectively.

On Trade is the most popular distribution channel for Ice Cream in Latin America, accounting for 60% of overall value sales in 2016, followed by Hypermarkets & Supermarkets with an 18.9% value share. Food & Drink Specialists and Convenience Stores are the other leading distribution channels in the Latin America Ice Cream sector. In Chile, Hypermarkets & Supermarkets is the largest distribution channel, with a value share of 50.4%.

Flexible Packaging is the most commonly used Package Material in the Latin America Ice Cream sector with a 68.5% volume share in 2016, while Bag/Sachet is the most popular Pack Type, accounting for a 58% volume share in the same year. Meanwhile, Prize Off is the most commonly used Closure Type, accounting for a 95.5% volume share, while Carton-Folding is the most commonly used Outer Type, accounting for a volume share of 57.8%.

Ice Cream sector in Latin America is fragmented with the top five brands – D`Onofrio, Trendy, Chicabon, Mega, and Fruttare – accounting for 11.9% of overall value share in 2016. Private Label products accounted for a 2.8% value share in the overall Latin America Ice Cream sector in the same year.

The report “Opportunities in the Latin American Ice Cream Sector” brings together multiple data sources to provide a comprehensive overview of the Latin America Ice Cream sector.

In particular, this report provides the following analysis –
– Market Overview: Includes sector size, market size and growth analysis by markets
– Change in Consumption: Provides an overview of shift in the consumption of Ice Cream by markets across different countries in the Latin America region.
– High Potential Countries: Provides Risk-Reward analysis of 6 countries across the Latin America region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 6, a total of 4 high potential countries are shortlisted.
– Health & Wellness Analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Ice Cream sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Ice Cream in 2016. It also covers the market share of leading companies offering Ice Cream with Health & Wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in the Latin America Ice Cream sector, besides analyzing the growth of private labels in the region.
– Key Distribution Channels: Key distribution channels: Provides analysis on the leading distribution channels in the Latin America Ice Cream sector in 2016. It covers six distribution channels – On Trade, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Dollar Stores, which include Variety Stores & General Merchandise Retailers, and Others, which include Cash & Carries & Warehouse Clubs and Others.

Companies mentioned in this report: Unilever, Sorvetes Crème Mel, Popsy Pop, Nestle, Industria de Alimentos Trendy, Helados Mimo’s, Grupo Nutresa, General Mills, Colombina, Arcor.

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Latin America Ice Cream sector. It includes analysis on the following –
– Market overview: Includes sector size, market size and growth analysis by markets
– Change in consumption: Provides an overview of shift in the consumption of Ice Cream by markets across different countries in the Latin America region.
– High potential countries: Provides Risk-Reward analysis of 6 countries across the Latin America region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure. Out of 6, a total of 4 high potential countries are shortlisted.
– Health & Wellness analysis: Provides insights on the Health & Wellness products in terms of value and percentage share in the overall Ice Cream sector during 2011-2021. The analysis includes key Health & Wellness attributes and consumer benefits driving the sales of Ice Cream in 2016. It also covers the market share of leading companies offering Ice Cream with Health & Wellness attributes in the same year.
– Brand Analysis: Provides an overview of leading brands in the Latin America Ice Cream sector, besides analyzing the growth of private labels in the region.
– Key distribution channels: Key distribution channels: Provides analysis on the leading distribution channels in the Latin America Ice Cream sector in 2016. It covers six distribution channels – On Trade, Hypermarkets & Supermarkets, Convenience Stores, Food & Drinks Specialists, Dollar Stores, which include Variety Stores & General Merchandise Retailers, and Others, which include Cash & Carries & Warehouse Clubs and Others.
– Preferred packaging formats: Preferred packaging formats: The report provides percentage share (in 2016) and growth analysis (during 2011-2021) for various package materials, pack, closure, and outer types based on the volume sales (by pack units) of Ice Cream.

Reasons to buy

– Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
– The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
– The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
– To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates

Filed in: Food & Beverage
Publisher : GlobalData
More Reports
Title Price Buy Now

Lactase Market by Source (Yeast, Fungi, Bacteria), Form (Liquid, Dry), Application (Food & Beverage, Pharmaceutical Products & Dietary Supplements), Region (North America, Europe, APAC, South America, RoW) – Global Forecast to 2025

“The lactase market is projected to grow at a CAGR of 6.5% during the forecast period.” According to MarketsandMarkets, the lactase market is estimated to be valued at USD 217 million in 2020and is projected to reach USD 298million by 2025, recording a CAGR of 6.5%, in terms of value. Factors such as rising cases of lactose-intolerance and growing demand from lactose-free dairy product manufacturers and increasing innovation and new product development in the application are projected to drive the growth of the lactase industry during the forecast period. However, the growth of the lactase market is inhibited by factors, such as shifting preferences toward dairy-free alternatives and high processing cost and lack of technical expertise for lactase extraction. “By source, the ye......
$5650

Feed Enzymes Market by Type (Phytase, Carbohydrase, and Protease), Livestock (Poultry, Swine, Ruminants, and Aquatic Animals), Source (Microorganism, Plant, and Animal), Form (Dry and Liquid), and Region – Global Forecast to 2025

“Growing government regulations pertaining to animal safety and increasing demand for safer dairy and meat products are set to drive the feed enzymes market.” The global feed enzymes market size is estimated to be USD 1.3 billion in 2020 and is projected to reach USD 1.9 billion by 2025, at a CAGR of 8.1% during the forecast period. The market has a promising growth potential due to several factors, including the stringent safety regulations on livestock safety across the globe, increasing demand for meat and dairy products among consumers, and rising population with an increasing disposable income in emerging economies. The application of enzymes as a feed additive has been prevalent for the past 20 years. During this period, the feed enzyme industry came into existence and had ......
$5650

Food Emulsifiers Market by Type (Mono & di-glycerides and their derivatives, Lecithin, Sorbitan esters, Polyglycerol esters, and Stearoyl lactylates), Source, Function, Application, and Region – Global Forecast to 2025

“The food emulsifiers market is projected to grow at a CAGR of 4.7%.” The food emulsifiers market is estimated to be valued at USD 3.2 billion in 2020 and is projected to reach USD 4.0 billion by 2025, at a CAGR of 4.7% from 2020 to 2025. The market is driven by a rise in the consumption of convenience foods and premium foods globally. The advent of the concept of clean-label ingredients and the health problems associated with the consumption of products containing food emulsifiers are the major challenges in the market. Limited extraction and the additional costs associated with the emulsifiers extracted from natural resources is restraining the market growth. “The mono- & di-glycerides and their derivatives segment is estimated to lead the market, with the largest shar......
$4950

Vitamin D Market by Analog (Vitamin D2, Vitamin D3), Form (Dry, Liquid), Application (Functional Food & Beverage, Pharma, Feed, and Personal Care), End User (Children, Adult, and Pregnant Women), IU Strength and Region – Global Forecast to 2025

“The vitamin D market is projected to grow at a CAGR of 7.0% in terms of value.The key drivers include increasing adoption of vitamin D foods and dietary supplements to prevent joint and bone health related problems” The vitamin D market is estimated at USD 1.1 billion in 2020 and projected to grow at a CAGR of 7.0%, to reach USD 1.6 billion by 2025. The vitamin D market is driven by the growth in awareness of vitamin D deficiency, a rise in incidences of osteoporosis in women, and an increase in cases of malnutrition in children. The rising number of government initiatives and awareness campaigns is expected to create new growth opportunities for the growth of the vitamin D market. The scarcity of ingredients, coupled with the high cost, are the major restraints of the market. T......
$4950

Dairy Alternatives Market by Source (Soy, Almond, Coconut, Rice, Oats, Hemp), Application (Milk, Cheese, Yogurt, Ice Creams, Creamers), Distribution Channel (Supermarkets, Health Stores, Pharmacies), Formulation and Region – Global Forecast to 2025

“Increase in the cases of lactose intolerance and milk allergies drive the overall growth of the dairy alternatives market.” The global dairy alternatives market size is projected to grow from USD 21.4 billion in 2020 to USD 36.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The dairy alternatives market is driven by various factors such as growing consumer preference for a vegan diet and nutritional benefits offered by plant-based dairy alternatives. However, the volatile price of raw materials in various regions can hinder the growth of the market. “The soy segment, by source,is estimated to dominate the dairy alternatives market in 2020.” The soy segment held the largest share in 2020, in terms of value. Soya-based dairy a......
$4950

Lactose-Free Products Market by Type (Milk, Cheese, Yogurt, Ice-cream, Confectionery products), Form (Lactose-free, No added sugar/ Reduced sugar claims, Reduced lactose), Category (Organic, Inorganic), and Region – Global Forecast to 2025

 “The lactose-free products market is projected to grow at a CAGR of 8.7% during the forecast period.” According to MarketsandMarkets, the lactose-free products market is estimated to be valued at USD 12.1 billion in 2020and is projected to reach USD 18.4 billion by 2025, recording a CAGR of 8.7%, in terms of value. Factors such as the increasing awareness of lactose intolerance among consumers across regions and the growing demand for reduced added sugar or no added sugar products are projected to drive the growth of the lactose-free products industry during the forecast period. However, the growth of the lactose-free products market is inhibited by factors, such as high cost of lactose-free products and stiff competition from plant-based alternatives. “By type, the milk segm......
$5650

Poland Confectionery – Market Assessment and Forecasts to 2024

Poland Confectionery - Market Assessment and Forecasts to 2024 Summary The Polish confectionery sector was led by the chocolate category in both the value and volume terms in 2019. Moreover, the category is forecast to register fastest value and volume growth during 2019-2024. Hypermarkets & supermarkets was the leading channel for distribution of confectionery in the country. Flexible packaging was the commonly used pack material in the country. Older consumers (aged 55+ years) accounted for the highest consumption of confectionery products in the country. Mars, Incorporated, Mondelez International, Inc, and Nestle SA are the leading players in the Polish confectionery sector. This report on the confectionery sector in Poland provides insights on high growth markets to target, trends i......
$875

Ireland Confectionery – Market Assessment and Forecasts to 2024

Ireland Confectionery - Market Assessment and Forecasts to 2024 Summary The Irish confectionery sector was led by chocolate category in both value and volume terms, in 2019. However, the gum category is forecast to register fastest value & volume growth during 2019-2024. Hypermarkets & supermarkets accounted for the leading share in the distribution of confectionery products in the country. Flexible packaging was the most commonly used pack material. Consumption of confectionery products was higher among females than males in the country. Mondelez International, Inc, Mars, Incorporated and Nestle SA are the top three companies in the Irish confectionery sector. This report on the confectionery sector in Ireland provides insights on high growth markets to target, trends in the usage of p......
$875

Japan Confectionery – Market Assessment and Forecasts to 2024

Japan Confectionery - Market Assessment and Forecasts to 2024 Summary The Japanese confectionery sector was led by the chocolate category in value terms in 2019. Hypermarkets & supermarkets was the leading channel for distribution of confectionery in the country. Flexible packaging was the commonly used pack material in the country. Older consumers (aged 55+ years) accounted for the highest consumption of confectionery products in the country. Lotte Co., Ltd., Morinaga & Co., Ltd, and Meiji Holdings Co Ltd are the leading players in the industry. This report on the confectionery sector in Japan provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares. What else is cont......
$875

Malaysia Confectionery – Market Assessment and Forecasts to 2024

Malaysia Confectionery - Market Assessment and Forecasts to 2024 Summary The Malaysian confectionery sector is led by the sugar confectionery category in value terms in 2019, while chocolate category is forecast to register the fastest value growth during 2019-2024. Hypermarkets & supermarkets is the leading channel in distribution of confectionery in the country. Mondelez International, Inc, Mars, Incorporated, and Nestle SA are the leading companies in the Malaysian confectionery sector. Flexible packaging is the most commonly used pack material in the sector. Kids & babies (aged 0-15 years) accounted for the highest consumption of confectionary products in the country. This report on the confectionery sector in Malaysia provides insights on high growth markets to target, trends in th......
$875
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy