Argentina Ice Cream Market Research Report, 2029

Argentina's ice cream market is renowned globally for its vibrancy, innovation, and deep cultural significance. Helado, the Spanish term for ice cream, is not merely a dessert in Argentina; it is a beloved tradition and a symbol of joy deeply ingrained in the national culinary identity. The country's commitment to artisanal craftsmanship sets its ice cream apart, with many heladerías (ice cream shops) taking pride in producing small batches of high-quality treats using natural ingredients. The infusion of dulce de leche, a caramel-like milk spread, adds a distinctive Argentine flavour to many ice cream varieties. The growth of the ice cream market in Argentina is not confined to seasonal trends; instead, ice cream is enjoyed year-round, reflecting a deep-seated passion for this frozen delight. National Ice Cream Day, celebrated on the third Sunday of November, exemplifies the cultural significance attached to ice cream, with heladerías often offering promotions to commemorate the occasion. Beyond individual indulgence, ice cream consumption in Argentina is a social experience. Families and friends gather at heladerías to share moments over cones and cups of helado, making it an integral part of the country's social fabric. The market's success is also driven by its adaptability to changing consumer preferences, a commitment to quality, and a robust economy that supports the flourishing ice cream industry. According to the research report "Argentina Ice Cream Market Research Report, 2029," published by Actual Market Research, the Argentina Ice Cream market was valued at more than USD 270 Million in 2023. Argentina's remarkable growth in the ice cream market can be attributed to a combination of cultural factors deeply rooted in the nation's history and culinary traditions. Ice cream, known as "helado" in Spanish, holds a special place in the hearts of Argentinians, going beyond being a mere dessert to becoming a cultural phenomenon. The country boasts a vibrant helado culture with numerous heladerías (ice cream shops) spread across cities and towns, offering a diverse array of flavours that cater to a broad spectrum of tastes. What sets Argentina apart is its commitment to artisanal craftsmanship in ice cream production. Furthermore, Argentina's ice cream market stands out for its continuous innovation in flavour offerings. Heladerías often introduce creative and unique combinations, from traditional favourites to exotic and regional specialties, capturing the adventurous spirit of consumers. This commitment to innovation aligns with the changing preferences of a diverse consumer base. Additionally, the year-round consumption of ice cream in Argentina, regardless of the season, reflects the enduring passion and cultural significance attached to this frozen delight. The growth of the ice cream market in Argentina is not merely a consequence of economic factors but rather a testament to the cultural importance and continuous adaptation of ice cream within the fabric of Argentine society. As families gather at heladerías for special occasions and friends share moments over cones and cups of helado, the ice cream market in Argentina thrives as a cultural icon, symbolising joy, connection, and a commitment to the artistry of frozen desserts. Based on the product types, Impulse Ice Cream, Artisanal Ice Cream, and Take Home Ice Cream are among them in Argentina. Impulse Ice Cream is a growing market. Argentina, like many countries, has a population with a fast-paced and on-the-go lifestyle. Impulse ice creams, typically sold in single servings and in convenient packaging, cater to consumers looking for a quick and portable frozen treat while navigating their busy schedules. Impulse ice creams are often strategically placed at point-of-sale locations, such as near cash registers or entrances or exits of stores. This positioning enhances their visibility and accessibility, making them an easy and convenient choice for consumers who might make spontaneous purchase decisions. Argentina experiences varying climates, and in warmer seasons, there is a heightened demand for refreshing and cooling products like impulse ice creams. The convenience of being able to grab a single-serving ice cream to beat the heat contributes to the growth of this market segment. In terms of flavour types, they are segmented into Vanilla, Chocolate, Fruit, Tutti Frutti, Blends, and others. In this country, chocolate is growing in flavour. Chocolate is a universally loved flavour, and its popularity is often attributed to its rich and indulgent taste. In the context of ice cream, chocolate has a timeless and widespread appeal that resonates with a broad consumer base. Argentina has a strong cultural tradition of enjoying sweet treats, and chocolate, being a classic and decadent flavour, aligns well with the local palate. The cultural inclination towards sweetness might contribute to the growth of chocolate-flavoured ice cream. According to the report, the packaging types are segmented into sticks and bars, cones and cups, tubs and bricks, and others; among them, sticks and bars are the fastest-growing segment in the market. Sticks and bars offer a convenient and portable way to enjoy ice cream. The individual servings are easy to handle, making them suitable for on-the-go consumption. This aligns with the busy and fast-paced lifestyles of consumers who seek convenience in their food choices. Sticks and bars are often available at a variety of retail outlets, including convenience stores, supermarkets, and even mobile vendors. Their accessibility in different retail settings makes them a convenient option for consumers. Based on the distribution channel, which includes supermarkets and hypermarkets, convenience stores, ice cream parlours, online sales channels, and others, in the country, convenience stores are a growing market. The trend towards urbanisation and the fast-paced nature of urban life often lead consumers to opt for quick and accessible food options. Convenience stores, strategically located in urban areas, become convenient points of purchase for ice cream, allowing consumers to satisfy their cravings without making a trip to a larger supermarket. The density of convenience stores in urban areas facilitates easy accessibility. Consumers may prefer the proximity of a nearby convenience store over larger supermarkets when looking for a quick ice cream fix.

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Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

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Considered in this report: • Geography: Argentina • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Argentina Ice Cream market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Products Types • Impulse Ice Cream • Artisanal Ice Cream • Take Home Ice Cream

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Kripa Shah

Senior Analyst

By Flavours Types: • Vanilla • Chocolate • Fruit • Tutti Frutti • Blends • Others By Distribution Channel: • Supermarkets and Hypermarkets • Convenience Stores • Ice cream Parlor • Online Sales Channel • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

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Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Ice Cream, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.