Overall inflation in Chile reached its highest point mid-2022 (14% annual rate) and has been declining ever since (down to 8% in mid-2023), according to the official Consumer Price Index (CPI) published by Chile’s National Statistics Institute (INE). However, the Ice Cream Price Index showed significantly different behaviour, peaking at 16% three months after that of the overall CPI.
Larger players, such as Nestlé, Coca-Cola de Chile, and Empresas Carozzi, with strong participation and longstanding brands in many snack (and non-snack) categories, are attempting to extend their reach. This is an effective strategy to introduce a new product from one category (such as ice cream), by using a brand that is already familiar to consumers and strongly positioned in their minds, to another (such as sweet biscuits or chocolate confectionery) or vice versa.
Innovation within ice cream is likely to continue, competition is fierce, and many local consumers still appreciate ice cream as a treat. However, as a perceived non-essential product linked to indulgence and impulse, the future of ice cream, like many other snack categories, is highly dependent on consumers’ real disposable incomes, which are linked to the country’s macroeconomic future.
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Understand the latest market trends and future growth opportunities for the Ice Cream industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Ice Cream industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Ice cream is the aggregation of frozen yoghurt, impulse ice cream, plant-based ice cream, unpackaged ice cream and take-home ice cream. Frozen desserts is included in Passport’s Staple Foods research. Please note that soft serve ice cream from ice cream dispensing machines sold at foodservice outlets (e.g. fast food or ice cream parlours) is entirely excluded.See All of Our Definitions
This report originates from Passport, our Ice Cream research and analysis database.
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