India Ice Cream Market to Grow with a CAGR of 13.60% through 2030F
The India Ice Cream Market
is driven by factors such as rising disposable incomes, urbanization,
increasing young population, and growing demand for indulgent and convenient desserts.
According
to TechSci Research report, “India Ice Cream Market – By Region, Competition, Forecast & Opportunities, 2020-2030F”, the India Ice Cream Market was valued at USD 4.41 Billion in 2024
and is expected to reach USD 9.48 Billion by 2030 with a CAGR of 13.60% during
the forecast period. The India ice cream market has seen robust growth over the
past decade, driven by changing consumer lifestyles, rising disposable incomes,
and increasing urbanization. Traditionally considered a seasonal and occasional
treat, ice cream has now become a more regular indulgence among Indian
consumers across age groups. The market has diversified significantly, with a
wide range of offerings including cones, bars, cups, tubs, and novelty formats
such as sundaes and sandwiches. The organized sector is witnessing strong
competition among key players like Amul, Hindustan Unilever (Kwality Wall’s),
Mother Dairy, and regional brands like Vadilal and Naturals. As India’s
demographics continue to skew younger and more urban, consumption patterns are
shifting from basic to more premium and experimental ice cream variants.
A major trend shaping the market is the
rising demand for healthier and functional ice cream products. Consumers are
increasingly seeking low-calorie, low-sugar, high-protein, vegan, and
dairy-free alternatives to traditional ice creams. This shift is being driven
by greater awareness of health and wellness, increasing incidence of lactose
intolerance, and changing dietary preferences among urban populations. As a
result, brands are investing in innovation and R&D to launch products that
meet these expectations without compromising on taste and texture.
The India ice cream market is poised for
sustained growth, fueled by innovation, expansion of modern retail formats, and
increased rural penetration. Companies are expected to continue localizing
flavors to cater to India’s diverse regional palates, offering variants such as
kulfi, kesar pista, gulkand, paan, and sitaphal alongside global favorites like
chocolate and vanilla. Premiumization is also gaining traction, with consumers
willing to pay more for artisanal, exotic, and experiential formats. Ice cream
parlors and experiential kiosks that offer rolled, nitrogen, or
live-preparation ice creams are especially popular among Gen Z and millennials
seeking novelty and social media-friendly products. Additionally, the
increasing use of digital marketing, influencer promotions, and loyalty
programs is likely to further engage consumers and build brand equity.
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" India Ice Cream Market”
The India Ice
Cream Market is segmented into product type, type, distribution channel and region.
Based
on type, vegan segment is rapidly emerging as the fastest-growing category in
the India ice cream market, driven by rising health awareness, growing lactose
intolerance, and a shift towards plant-based lifestyles. Urban millennials and
Gen Z consumers, particularly in metro cities, are actively seeking dairy-free
alternatives that align with ethical and environmental values. Vegan ice creams
made from almond milk, coconut milk, soy, and oat bases are gaining popularity
for their creamy texture and innovative flavors. With increasing availability
through premium outlets and online platforms, consumers now have easier access
to these niche products. Additionally, brands are capitalizing on this trend by
launching clean-label, gluten-free, and preservative-free options, making vegan
ice cream a symbol of health, sustainability, and conscious indulgence.
Based on region, South region is the fastest-growing
market for ice cream in India, driven by its hot and humid climate that
sustains year-round demand. States like Tamil Nadu, Karnataka, Andhra Pradesh,
and Telangana are witnessing rising consumption, especially in urban hubs like
Bengaluru, Chennai, and Hyderabad. Increasing disposable incomes, a youthful
population, and growing adoption of Western food habits have boosted the
popularity of ice cream as a regular dessert rather than an occasional treat.
Additionally, the rapid expansion of modern retail outlets, ice cream parlors,
and quick-commerce delivery services has improved accessibility and convenience.
Major companies
operating in India Ice Cream Market are:
- Gujarat
Co-operative Milk Marketing Federation Ltd
- Vadilal
Industries Ltd
- Mother
Dairy Fruit & Vegetable Pvt Ltd
- Hindustan
Unilever Limited
- Devyani
Food Industries Ltd
- Dinshaws
Dairy Foods Pvt. Ltd
- Havmor
Ice Cream Pvt Ltd
- Ramani
Icecream Company Limited
- Dairy
Classic Ice Creams Pvt. Ltd.
- General
Mills Inc.
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“The India ice cream market is driven by
rising disposable incomes, urbanization, and a growing young population seeking
indulgent, convenient desserts. Increased availability through modern retail
and online platforms also boosts consumption. Trends shaping the market include
a surge in demand for healthier options like low-sugar and vegan ice creams,
and a growing preference for premium and regional flavors. The rise of quick
commerce has made ice cream more accessible, encouraging impulse purchases.”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“India Ice Cream Market
By Product Type (Cup, Stick, Cone, Brick, Tub, Others), By Type (Dairy, Vegan),
By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online,
Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of India Ice Cream Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the India Ice Cream Market.
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