The organic ice cream market size in Latin America is estimated to be growing at a CAGR of 4.88% from 2024 to 2029 and be worth USD 92.77 million in 2024 and USD 117.76 million by 2029.
Organic ice cream, known as a sweetened frozen food, is usually made up of concentrated flavour of organic ingredients such as organic milk, organic egg yolks mixed with sweetening agents, organic cream and flavours. Organic ice cream is typically served as a dessert or snack.
Consumers are becoming more and more health conscious every day, which is a major driver of the market. The growth of the organic ice cream market is supported by various technological advancements, infrastructure, refrigerated transport systems, and storage facilities. In order to serve variety, many manufacturers have come up with a variety of flavors. There has been a rise in disposable income, which in turn fuels the growth of the regional market.
However, the organic ice cream manufacturers witness high competition from regular ice creams. Moreover, the organic ice cream manufacturers are required to deal with the product’s seasonal demand fluctuations that cause variation in the demand and supply outlook in the regional market.
Based on category, the low-fat segment is anticipated to hold major share of the Latin American organic ice cream market during the forecast period. Low fat ice creams are gaining immense popularity in the market due to its low-fat content.
Based on packaging, the tub segment is expected to acquire the major share of the Latin American market during the forecast period due to the convenience and acceptability of this packaging mode by the people and vendors.
Latin America has been picking up nicely in the global market in the last few years and is expected to register to showcase healthy growth during the forecast period. Brazil and Mexico are the major consumers of organic ice creams and likely to lead the market in Latin America. The rising awareness among people of organic ice creams, the increasing number of people turning vegan, and the growing availability of these products primarily drive the organic ice cream market in Brazil and Mexico.
Stonyfield Farm Inc., Straus Family Creamery, Inc., Organic Meadow Inc., Blue Marble Ice Cream, Boulder Homemade, Inc., Marshfield Farm Ice Cream and Roskilly Co. are some of the key players in the Latin American organic ice cream market.
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