The India Ice Cream Market is experiencing rapid growth, driven by increasing consumer demand for frozen treats that offer both indulgence and relief from rising temperatures. Valued at over USD 3 billion in 2023, the India Ice Cream Market is projected to grow at a compound annual growth rate (CAGR) of 13.49% from 2025 to 2030. Contributing factors include long summers and heatwaves, which push consumers towards ice cream as a refreshing option.
Additionally, the rise of e-commerce and quick commerce channels has improved accessibility, fostering a culture of home consumption. The unorganized sector is also thriving, with local entrepreneurs capitalizing on traditional flavors such as kulfi and kalakand, marking a distinct shift in consumer preferences. The India Ice Cream Market is characterized by a diverse product range, including vegan and nutritious options, catering to health-conscious consumers. Emerging trends in the India Ice Cream Market indicate a shift towards innovative flavors and formats, positioning it as a dynamic segment within the broader food and beverage industry.
India Ice Cream Market Forecast
- Projected Growth: USD 3 Billion in 2023.
- Consumer Preferences: Continued shifts towards impulse and artisanal ice creams are anticipated to drive sales.
- E-commerce Growth: The rise of quick commerce platforms will enhance at-home consumption rates.
- Health-Conscious Offerings: Increased demand for low-calorie and sugar-free options will expand product lines.
- Regional Expansion: Western India is expected to maintain the leading market share due to its favorable climatic conditions and demographic trends.
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Competitive Landscape of the India Ice Cream Market
The competitive landscape of the India Ice Cream Market is defined by key players engaging in product innovation and strategic partnerships to capture market share. Significant brands include:
- 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
Key Takeaways from the India Ice Cream Market Report
The India Ice Cream Market is set for robust growth propelled by the increasing average temperatures and evolving consumer preferences. The ongoing shift towards e-commerce and quick commerce is enhancing distribution, while the demand for vegan and healthier ice cream options presents new opportunities. With leading brands innovating their product lines, the India Ice Cream Market is poised for diversification and sustained profitability through 2030.
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Recent Development in the India Ice Cream Market
- In 2022, Vadilal launched a gourmet natural product line featuring a range of five unique flavors, including Gulab Jamun and Kesar Pista, which reflects the company's commitment to expanding its product offerings with traditional Indian flavors while meeting modern consumer demands.
India Ice Cream Market Segmentation
The India Ice Cream Market can be segmented into:
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
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
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
By Region
North
South
West
East
North-East
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Frequently Asked Questions (FAQs) on the India Ice Cream Market
- What is the projected CAGR of the India Ice Cream Market from 2025 to 2030?
- Which types of ice cream are experiencing the highest demand in the India Ice Cream Market?
- How is the growth of e-commerce affecting ice cream consumption in India?
- What challenges do manufacturers face in the India Ice Cream Market?
- Who are the key competitors in the India Ice Cream Market?
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