The Latin America ice cream market is set on a trajectory of steady expansion, with industry value projected to increase from USD 25.9 billion in 2025 to USD 35.1 billion by 2030, representing a compound annual growth rate of 6.24%. This growth is being driven by a combination of demographic shifts, rising disposable incomes, and evolving consumer preferences that are reshaping consumption patterns across the region. Urbanization and the expansion of modern retail infrastructure, including supermarkets, hypermarkets, and convenience stores, are improving accessibility and visibility, enabling wider adoption of both single-serve and family-sized formats.
Consumer behavior reflects a dual emphasis on indulgence and convenience. Ice cream continues to be viewed as an affordable treat, with impulse purchases remaining central to demand, while household packs gain traction for their value-for-money appeal. Rising incomes among middle-class households are also supporting premiumization, as more consumers are willing to trade up for high-quality flavors, innovative formats, and products positioned around health and wellness attributes. This includes offerings with reduced sugar, plant-based alternatives, and formulations that incorporate functional ingredients, aligning indulgence with emerging health consciousness.
Seasonality and climate factors further reinforce consumption patterns, particularly in countries with consistently warm temperatures, where ice cream is integrated into daily routines as both a refreshment and a source of enjoyment. Tourism also contributes to market dynamics, as international and domestic travelers generate incremental demand in urban centers, leisure destinations, and hospitality channels.
The region’s growth is underpinned by continued product innovation, with manufacturers introducing new flavors, textures, and packaging options to capture both traditional and emerging consumer segments. Digital engagement and e-commerce platforms are playing an increasingly important role, facilitating online ordering, home delivery, and promotional campaigns that stimulate impulse buying.
Collectively, Latin America’s ice cream market is benefiting from a convergence of structural, economic, and behavioral factors that support sustained expansion. Rising incomes, urbanization, retail modernization, and innovation-driven differentiation collectively create an environment where both mainstream and premium segments can thrive, positioning the market for consistent growth through 2030.
Providing a strategic perspective on the Latin America ice cream market, this report analyzes historical trends from 2020 to 2024 and forecasts market developments through 2030. It delves into market size, growth rates, and segment-level insights, uncovering the forces shaping the industry’s future. By examining product type, category, distribution channel and country, the report delivers a robust framework for understanding market dynamics and identifying pathways for growth.
Report Highlights
This report provides a detailed assessment of the Latin America ice cream market, including historical data and forward-looking projections through 2030. It breaks down the industry by product type, category, distribution channel and country, with compound annual growth rates (CAGRs) for both past performance and forecast periods. By analyzing growth trajectories, the study pinpoints high-opportunity segments to inform strategic investments.
In addition to granular market metrics, the report captures the broader structural shifts that define the industry’s trajectory. Using proprietary analysis and cross-referenced economic indicators, it maps the interaction between innovations, policy, and consumption patterns. This enables strategic foresight into future growth zones, disruption risk, and innovation-led differentiation, especially within product-focused and region-specific segments.
The report also delivers a comprehensive evaluation of market share changes and core brand performance among leading players from 2020 to 2024. It reveals competitive dynamics and trends in market concentration, providing granular market share comparisons and trend analyses. This equips users to better understand competitive advantages and challenges, thereby informing differentiated market strategies and investment decisions with robust empirical evidence.
Market Segmentation
The Latin America ice cream market is classified into the following segments:
Product type – e.g., artisanal ice cream, frozen yogurt, impulse ice cream, plant-based ice cream, take-home ice cream
Category – e.g., dairy ice cream, water ice cream
Distribution channel – e.g., convenience stores, discounters, food specialty stores, foodservice channels, forecourts, hypermarkets, small grocery stores, supermarkets, warehouse clubs, others
Country – e.g., Argentina, Brazil, Chile, Colombia, Mexico, others
Macroeconomic & Demographic Indicators
Supporting context includes:
Total population
Consumer Price Index (CPI)
Gross Domestic Product (GDP)
Per capita consumption
Consumer spending as a percentage of GDP
These variables enhance understanding of consumption potential and macroeconomic trends affecting the market.
Competitive Landscape: Market Share Analysis
Market share analysis is included for the ice cream industry in Latin America, shedding light on the relative scale and market presence of major firms. Leading companies include:
Alimentos Fruna Ltda
Arca Continental S.A.B. de C.V.
Colombina SA
Comercial Allan S.A.S
Cooperativa de Productores de Leche Dos Pinos R.L.
Cooperativa Nacional de Productores de Leche
Crufi S.A.
Delizia – Compania de Alimentos Ltda.
Empresas Carozzi S.A.
General Mills, Inc.
Grupo Arcor S.A.
GRUPO GLORIA
Grupo Herdez, S.A.B. de C.V.
Grupo Nutresa S.A.
Helados Bon S.A.
Helados Sarita, S.A.
Ice Cream S.R.L.
Industria De Alimentos Trendy S.A.
Industrias Alimenticias Cabrera Ltda
La Basque Alimentos Ltda
MontHelado S.A.
Nestle S.A.
P.C.A. Productora Y Comercializadora De Alimentos S.A.S.
Quala S.A.
Sorveteria Creme Mel S.A.
Sorvetes Jundia Industria e Comercio Ltda
The Coca-Cola Company
Unilever PLC
This section helps stakeholders evaluate market concentration, identify partnership opportunities, and track shifts in leadership.
Why Choose This Report?
Access accurate and up-to-date market size data for the Latin America ice cream sector.
Obtain granular insights across key segments, including product type, category, distribution channel and country.
Leverage localized intelligence to formulate region-specific strategies and prioritize high-impact initiatives.
Understand the underlying market dynamics through expert-driven analysis of growth drivers, barriers, and structural shifts.
Identify attractive investment areas by tracking fast-growing categories and emerging consumption patterns.
Evaluate the competitive landscape to support timing, positioning, and strategic decision-making.
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Deliverables Include
Professionally structured PDF report
Full EXCEL databook with year-by-year figures and multi-dimensional segmentation from 2020 to 2030
Table of Contents
TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Latin America Ice Cream Market – Product Type Analysis
Latin America Ice Cream Market – Category Analysis
Latin America Ice Cream Market – Distribution Channel Analysis
Latin America Ice Cream Market – Country Analysis
Company Shares Analysis
Alimentos Fruna Ltda
Arca Continental S.A.B. de C.V.
Colombina SA
Comercial Allan S.A.S
Cooperativa de Productores de Leche Dos Pinos R.L.
Cooperativa Nacional de Productores de Leche
Crufi S.A.
Delizia – Compania de Alimentos Ltda.
Empresas Carozzi S.A.
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Latin America Ice Cream Market 2020-2030
Chart Latin America Ice Cream Market, Net Growth, 2020-2030
Chart Latin America Ice Cream Market, Growth Rates, 2020-2030
Table Latin America Ice Cream Market by Product Type, 2020-2030
Chart Latin America Ice Cream Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Latin America Ice Cream Market by Product Type, 2020-2030
Table Latin America Ice Cream Market by Category, 2020-2030
Chart Latin America Ice Cream Market by Category, CAGR Historic and Forecast, 2020-2030
Chart Latin America Ice Cream Market by Category, 2020-2030
Table Latin America Ice Cream Market by Distribution Channel, 2020-2030
Chart Latin America Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Latin America Ice Cream Market by Distribution Channel, 2020-2030
Table Latin America Ice Cream Market by Country, 2020-2030
Chart Latin America Ice Cream Market by Country, CAGR Historic and Forecast, 2020-2030
Chart Latin America Ice Cream Market by Country, 2020-2030
Table Latin America Ice Cream Market Share (%), by Companies, 2020-2024
Chart Latin America Ice Cream Market, by Companies, 2024
Table Latin America Ice Cream Market Share (%), by Brands, 2020-2024
Chart Latin America Ice Cream Market, by Brands, 2024
Table Latin America – Population (Millions) and Forecast
Table Latin America – Consumer Price Index (CPI) and Forecast
Table Latin America – Gross Domestic Product and Forecast
Table Latin America Ice Cream Market: Spend as a Proportion of GDP (%)
Table Latin America Ice Cream Market: Consumption per Capita (Population)