The Latin America, Middle East and Africa Ice Cream Parlour Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030).
There are no health advantages to eating traditional ice cream. The rising interest of market participants in the fortification and addition of functional ingredients encourages the product to be selected as a healthy snack among consumers. Functional foods provide additional benefits beyond basic nutrition and play a role in lowering or mitigating the risk of certain diseases.
As a result of the producers' adoption of effective branding techniques, a variety of healthy product options, including fortified, low-fat, and many others, are readily available on the market. These businesses interact with customers through regional distribution channels like malls, hotels, and restaurants. The market is anticipated to be driven by the product's widespread availability and rising spending on similar fast foods.
LAMEA is culturally diverse, with varying tastes and preferences. Ice cream parlours offers a mix of traditional flavors that resonate with local cultures and global flavors to cater to a broader audience. In many LAMEA countries, the warm climate drives year-round demand for ice cream. Parlour owners take advantage of this by offering a variety of cooling treats. Consumers in LAMEA appreciate products made with fresh, local ingredients. Highlight local fruits, nuts, and dairy to appeal to this preference. The LAMEA region offers exciting opportunities for ice cream parlours to thrive by embracing cultural diversity, catering to local preferences, and staying attuned to evolving consumer demands. By providing unique and high-quality ice cream experiences, ice cream parlours capture consumers' hearts and taste buds in this diverse and dynamic region.
The Brazil market dominated the LAMEA Ice Cream Parlour Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $346.3 Million by 2030. The Argentina market is exhibiting a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would experience a CAGR of 7% during (2023 - 2030).
Based on Type, the market is segmented into Branded/Franchise, and Independent. Based on Product, the market is segmented into Traditional Ice Cream, and Artisanal Ice Cream. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Ice Cream Parlour Market is Projected to reach USD 17.5 Billion by 2030, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Baskin-Robbins Franchising LLC (Inspire Brands, Inc.), Dairy Queen Corporation (Berkshire Hathaway, Inc.), Cold Stone Creamery (MTY Food Group Inc.), Ben & Jerry’s Homemade, Inc. (Unilever PLC), Nestle S.A, CPF SAS, Ghirardelli Chocolate Company (Lindt & Sprüngli Ag), Marble Slab Creamery (FAT Brands Inc.), Sri Srinivasa Dairy Products Pvt Ltd and Natural Ice Creams (Kamaths Ourtimes Ice Creams Pvt. Ltd.).
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