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

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

  • September 2017 •
  • 96 pages •
  • Report ID: 5102545 •
  • Format: PDF
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
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