Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the India Ice Cream Market, The India Ice Cream Market size was valued above USD 3 Billion in 2023 and is further projected to grow at a CAGR of 13.49% during 2025-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the India Ice Cream Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook & Forecasts:
- Forecast Period: 2025-2030
- Market Size in 2023: USD 3 Billion
- CAGR (2025-2030): 13.49%
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India Ice Cream Market Segmentation Breakdown:
The India Ice Cream Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
By Type
- Impulse Ice Cream- Market Size & Forecast 2020-2030, Million Liters
- Single Portion Dairy Ice Cream- Market Size & Forecast 2020-2030, Million Liters
- Take-Home Dairy Ice Cream- Market Size & Forecast 2020-2030, Million Liters
- Artisanal Ice Cream- Market Size & Forecast 2020-2030, Million Liters
Amongst all, Impulse Ice Cream grabbed a considerable share of the India Ice Cream market over the historical period.
By Flavor
- Chocolate- Market Size & Forecast 2020-2030, Million Liters
- Mango- Market Size & Forecast 2020-2030, Million Liters
- Vanilla- Market Size & Forecast 2020-2030, Million Liters
- Strawberry- Market Size & Forecast 2020-2030, Million Liters
- Butterscotch- Market Size & Forecast 2020-2030, Million Liters
- Others- Market Size & Forecast 2020-2030, Million Liters
By Format
- Cup- Market Size & Forecast 2020-2030, Million Liters
- Stick- Market Size & Forecast 2020-2030, Million Liters
- Cone- Market Size & Forecast 2020-2030, Million Liters
- Brick- Market Size & Forecast 2020-2030, Million Liters
- Others (Sandwich, Tub, etc.) - Market Size & Forecast 2020-2030, Million Liters
Of them, the Stick & Cup format of ice cream held the major market share in the past years as they are easily available even in remote places of India.
By Sales Channel
- Grocery Retailers- Market Size & Forecast 2020-2030, Million Liters
- Hypermarkets/Supermarkets- Market Size & Forecast 2020-2030, Million Liters
- Brand Owned Outlets- Market Size & Forecast 2020-2030, Million Liters
- Ice Cream Carts- Market Size & Forecast 2020-2030, Million Liters
- Online- Market Size & Forecast 2020-2030, Million Liters
- Convenience Stores- Market Size & Forecast 2020-2030, Million Liters
- Others- Market Size & Forecast 2020-2030, Million Liters
Here, Ice Cream Carts dominated the India Ice Cream market during the past period, owing to the factors such as convenience & easy availability, even in the remote sectors of India.
Geographical Growth Insights:
By Region
- North
- South
- West
- East
- North-East
In recent years, the India Ice Cream market has been evenly distributed across the country.
MarkNtel Advisors Highlights Key Market Drivers for India Ice Cream Market:
Growing Developments in Quick Commerce & E-commerce to Drive the Ice Cream Market - Quick commerce and e-commerce have evolved in recent years, allowing customers to consume ice cream in the comfort of their own homes with just a few taps on their smartphones. This ease of use increased ice cream consumption at home. Furthermore, the pandemic influenced customers' consumption of comfort foods such as candy and ice cream. Due to limited mobility and the closure of out-of-home channels, the pandemic also increased ice cream sales via e-commerce. Even after the lockdown was lifted, the habit persisted due to the ease of access and the wide variety of products available online.
The growth of e-commerce is primarily driven by quick commerce, mainly due to the perishable nature of this product. There is huge potential for ice creams, as the per capita consumption of the same is low compared with other countries like the US & UK. Quick commerce opens up the opportunity to push the at-home consumption of ice cream.
Furthermore, established brands in India have partnered with quick commerce service providers such as Swiggy, Zomato, Dunzo, and Blinkit. While out-of-home consumption has seen an uptick due to the increase in mobility as restrictions ease, the improving quick commerce provides an avenue for manufacturers to also increase at-home consumption.
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A Comprehensive Analysis of Leading Companies in India Ice Cream Market
- Gujarat Co-operative Milk Marketing Federation Ltd
- Hindustan Unilever Ltd
- Creambell
- Hatsun Agro Products Ltd
- Mother Dairy Fruit & Vegetable Pvt Ltd
- Vadilal Industries Ltd
- Lotte India Corporation Limited
- Dairy Classic Ice Creams Pvt Ltd
- Baskin Robbins
- Dinshaw’s
- Giani
- Haagen- Dazs
- Natural’s
- Nirula’s
- Top’N Town
- Treat Ice Cream
- Others
India Ice Cream Market Recent Development:
- In 2022: Vadilal launched a gourmet natural product line with five flavors: Gulab Jamun, Alphonso Mango, Kesar Pista, Classic Malai, and Falooda, and two flavors in kulfi: Badam Pista Kesar & Rajwadi, broadening its range of ice creams flavor offerings.
- In 2022: Amul, introduced ice cream Isabcool which was formed with Isabgol, cashew, and fig enticing customers looking for new flavors & healthy ice creams.
What are the growth Opportunity driving the India Ice Cream Market?
Nutrition-rich Ice Cream Sales to Raise in the Upcoming Years - Customers are becoming more aware of health issues, leading to a trend toward healthier ice creams, which gives ice cream makers the opportunity to boost the production of products with health benefits, such as protein-rich ice creams, vitamin-rich ice creams, etc. Moreover, the diversifying portfolio of sugar-free ice creams is catering to the demand for ice creams among diabetic customers. According to International Diabetes Federation, in 2021, India homed around 77 million diabetics. Therefore, sugar-free ice creams have a noteworthy market in India. For instance:
- Habbit Health and Nutrition launched zero-sugar, low-fat, and low-calorie ice creams in 2021 to cater to the health-conscious customers of India.
Consequently, with the ongoing nutritious developments in ice creams, the ice cream industry would be able to fulfill the demand of a large segment of Indian Customers.
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