Latin America Frozen Desserts Market was worth USD 2.69 billion in 2022 and estimated to be growing at a CAGR of 2.6%, to reach USD 3.06 billion by 2028.
Frozen desserts include products like ice-creams and frozen yogurt, which are mainly dairy and milk-based products. Ice cream is the most preferred dessert globally. Large number of flavours, variety, form, shape, colour, package, and regional consumer preferences are the main marketing factors for frozen desserts.
Rising disposable income coupled with shifting consumer eating habits is expected to drive the demand for the market in the near future. Moreover, increasing availability of flavoured yoghurt especially in developing region is predicted to be a major factor supporting the growth of the market during the forecast period. A major restraint of the market is the increasing health concern among the people which hampers the growth of this market.
Latin America Frozen Desserts Market is broadly categorized into product type, fat content and consumption. By product type the market is analyzed under sherbet, frozen yogurt, frozen ice cream, frozen tofu, frozen cakes, mousse and frozen novelties. Frozen ice cream is currently dominating this segment followed by yogurt and sherbet products. By fat content the market is classified under regular frozen desserts and low fat desserts. Regular frozen desserts account a major share of the market. By consumption the market is segmented into home, hotel and restaurants and dessert parlors.
Geographically the Latin America Frozen Desserts Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. The consumption of such desserts is growing at a good pace in developing countries of South America.
Key Players in the Market:
Major Key Players in the Latin America Frozen Desserts Market are
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