Report Description

Forecast Period

2025-2029

Market Size (2023)

USD2.37 Billion

CAGR (2024-2029)

17.3%

Fastest Growing Segment

Cup

Largest Market

North


Market Overview

India Ice Cream Market has valued at USD2.37 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 17.3% through 2029. The India ice cream market is a dynamic and ever-expanding sector of the country's food and beverage industry. Ice cream, with its wide range of flavors and formats, has captured the hearts and palates of consumers across India, making it one of the most beloved desserts in the nation.

The India ice cream market has experienced impressive growth in recent years, driven by changing consumer preferences, urbanization, rising disposable incomes, and a burgeoning middle-class population. The market is characterized by its resilience, with consistent year-round demand and a notable spike during the scorching summer months. According to industry reports, the market is expected to continue growing at a robust rate in the coming years, reflecting the increasing indulgence of consumers in frozen desserts.

One of the defining characteristics of the India ice cream market is its sheer variety. Consumers can choose from an extensive range of flavors, from timeless classics like vanilla and chocolate to unique regional offerings like saffron and rose. Moreover, ice cream brands continually innovate, introducing limited-edition flavors, fusion creations, and collaborations with other food and beverage brands to keep consumers excited and engaged.

Consumer preferences in the India ice cream market have evolved significantly. Health-conscious consumers seek low-sugar, low-fat, and dairy-free options, leading to the introduction of healthier alternatives. Customization is another growing trend, with consumers enjoying the ability to personalize their ice cream creations with toppings, syrups, and mix-ins. Regional flavors and ingredients that reflect local culinary traditions are also gaining popularity.

Ice cream is readily available through a variety of distribution channels, including modern supermarkets, hypermarkets, convenience stores, ice cream parlors, and online delivery platforms. The convenience factor is crucial, as consumers can enjoy ice cream in various forms, including cups, cones, bars, and family-sized tubs, both on-the-go and at home.

While the India ice cream market is flourishing, it faces challenges such as seasonality, health concerns, competition, and supply chain management. However, these challenges also present opportunities for brands to diversify their product offerings, introduce healthier options, and enhance their distribution networks. Additionally, the growing trend of online ordering and delivery platforms provides a significant avenue for market expansion.

Key Market Drivers

Evolving Consumer Preferences

One of the primary drivers propelling the growth of the Indian ice cream market is the evolving and diversifying preferences of consumers. This shift in taste preferences has been driven by several factors:

Ice cream manufacturers have been quick to respond to changing consumer demands by introducing an array of innovative flavors and combinations. While classic flavors like vanilla and chocolate remain perennial favorites, consumers are increasingly drawn to exotic and locally inspired options. Flavors such as mango, masala chai, paan, and saffron rosewater have gained popularity, reflecting a desire for unique taste experiences.

As consumers become more health-conscious, there has been a rising demand for healthier ice cream alternatives. Brands have responded by offering low-fat, low-sugar, and dairy-free options. Additionally, the use of natural and organic ingredients has become a selling point for many ice cream brands, appealing to health-conscious consumers.

India's diverse climate, characterized by extreme variations in temperature, has led to seasonal fluctuations in ice cream consumption. While ice cream is a popular choice throughout the year, its consumption spikes during the scorching summer months when consumers seek refreshing and cooling treats. This seasonality drives innovation in the form of limited-edition flavors and marketing campaigns.

Urbanization and Changing Lifestyles

The rapid urbanization of India, with an increasing number of people residing in cities and urban areas, has had a profound impact on the ice cream market. This phenomenon has led to several key drivers:

Urbanization has resulted in busier lifestyles, with people often seeking convenience in their food choices. Ice cream, available in various convenient formats like cups, cones, bars, and single-serving portions, caters well to this demand for quick and hassle-free indulgence.

The proliferation of modern retail outlets, including supermarkets, hypermarkets, and convenience stores, has greatly expanded the accessibility of ice cream to consumers. These outlets offer a wide selection of ice cream brands and flavors, making it easier for consumers to purchase their favorite treats.

Urban consumers, who are constantly on the move, are increasingly looking for on-the-go options. Ice cream parlors, kiosks, and mobile vendors offer ice cream cones, sundaes, and other handheld options that cater to this mobile lifestyle.

Seasonal Demand and Cultural Traditions

The unique combination of India's climate and cultural traditions has contributed significantly to the growth of the ice cream market:

The Indian climate, with its scorching summers, contributes to a significant surge in ice cream consumption during the hottest months of the year. Ice cream is not just a dessert; it's a means of cooling down and finding relief from the heat. Manufacturers respond to this seasonal demand with marketing campaigns, promotions, and product launches tailored to the summer season.

India's diverse cultural landscape is characterized by numerous festivals and celebrations, many of which involve the consumption of sweets and desserts, including ice cream. From Diwali to Holi, ice cream has become a common treat during these festive occasions, adding to its popularity.

India's cultural diversity extends to its dessert preferences. Different regions have their own traditional frozen desserts, such as kulfi in the North, falooda in the West, and various regional specialties across the country. Ice cream brands often incorporate these regional influences into their offerings to cater to local tastes.

 

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Key Market Challenges

Seasonality and Weather Dependency

One of the foremost challenges facing the Indian ice cream market is the seasonality and weather dependency of the product. Ice cream consumption in India is significantly influenced by the climatic conditions, with peak demand occurring during the scorching summer months.

The off-season, which includes the monsoon and winter months, witnesses a significant drop in ice cream sales. Manufacturers must navigate the challenge of maintaining profitability and managing inventory during this period.

The need to manage inventory effectively during both peak and off-seasons can strain supply chain logistics. Production planning, storage, and distribution must be carefully coordinated to match fluctuating demand.

Ice cream requires consistent cold storage facilities throughout the supply chain. Maintaining this infrastructure can be costly, and some regions in India lack adequate cold storage facilities, leading to potential supply chain bottlenecks.

The intensity and duration of summer can vary from year to year, leading to uncertainty in sales forecasts. Manufacturers must be agile and responsive to these fluctuations.

Competition and Market Saturation

The Indian ice cream market is highly competitive and can be described as saturated, with numerous established and emerging players vying for consumer attention. This intense competition presents several challenges:

Price sensitivity among consumers often results in price wars, where brands engage in aggressive pricing strategies to gain market share. This can erode profit margins and limit investments in product innovation and quality.

Established ice cream brands have cultivated strong brand loyalty over the years. New entrants face the challenge of breaking into this market and convincing consumers to switch allegiances.

To stay competitive, ice cream brands must continually innovate by introducing new flavors, formats, and products. This constant need for innovation can strain resources and research and development efforts.

India's diverse cultural landscape means that consumer preferences can vary significantly from region to region. Understanding and catering to these regional preferences can be challenging for national and multinational brands.

Health and Nutritional Concerns

Changing consumer attitudes toward health and nutrition pose a significant challenge to the traditional ice cream market:

Health-Conscious Consumers: An increasing number of consumers are becoming health-conscious and scrutinize the nutritional content of foods, including ice cream. Concerns about sugar content, fat levels, and artificial additives have led to a demand for healthier alternatives.

Rise of Dairy-Free and Vegan Options: The demand for dairy-free and vegan ice cream alternatives has been growing steadily. Meeting this demand with high-quality alternatives can be a challenge for traditional dairy-based ice cream manufacturers.

Regulatory Compliance: Evolving food safety and labeling regulations require ice cream manufacturers to continually adapt their product formulations and packaging to remain compliant. This can add complexity to production processes.

Consumer Education: Brands must invest in consumer education to convey the health benefits of their products, such as probiotic ice creams or low-sugar options. Educating consumers about the nutritional advantages of certain ice creams is vital in addressing health concerns.

Key Market Trends

Health and Wellness in Frozen Desserts

One prominent trend in the Indian ice cream market is the increasing focus on health and wellness. As consumers become more health-conscious, there is a growing demand for ice cream options that are perceived as healthier alternatives. Several sub-trends within this broader category are influencing the market:

Low-Fat and Low-Sugar Ice Cream: Consumers are seeking ice creams with reduced levels of fat and sugar. Brands are responding by formulating products that provide a satisfying ice cream experience with lower calorie content. These offerings cater to individuals looking to indulge in their favorite treat while managing their calorie intake.

Dairy-Free and Vegan Options: A rising number of consumers are adopting dairy-free and vegan diets due to lactose intolerance, dietary restrictions, or ethical reasons. Consequently, the market is witnessing the introduction of dairy-free and vegan ice creams made from plant-based ingredients like almond, soy, coconut, and cashew. These alternatives aim to replicate the creamy texture and flavors of traditional ice cream while being suitable for a broader consumer base.

Functional Ingredients: Ice cream manufacturers are incorporating functional ingredients such as probiotics, prebiotics, and antioxidants to add a health halo to their products. These functional ice creams are marketed as promoting gut health or offering antioxidant benefits, appealing to health-conscious consumers.

Reduced Glycemic Index (GI) Ice Cream: Ice creams with a lower glycemic index, designed to have a slower impact on blood sugar levels, are gaining traction among diabetic and health-conscious individuals. These ice creams use sugar substitutes or alternative sweeteners to achieve a lower GI.

Nutrient Fortification: Some ice creams are being fortified with vitamins, minerals, and other nutrients to appeal to consumers seeking functional benefits in their desserts. Fortified ice creams are marketed as offering additional nutritional value.

Artisanal and Gourmet Ice Cream

Another significant trend in the Indian ice cream market is the rise of artisanal and gourmet ice creams. Consumers are increasingly seeking unique and premium ice cream experiences. Here are some aspects of this trend:

Handcrafted and Small-Batch Production: Artisanal ice cream brands focus on handcrafted, small-batch production methods, emphasizing quality and attention to detail. This results in distinct flavors and textures that set them apart from mass-produced ice creams.

Unique Flavor Combinations: Artisanal and gourmet ice cream makers experiment with novel and exotic flavor combinations. These creations often feature premium ingredients like imported chocolates, fruits, spices, and nuts. The goal is to offer consumers a more sophisticated and indulgent ice cream experience.

Seasonal and Limited-Edition Offerings: To maintain excitement and anticipation, artisanal brands often release seasonal and limited-edition flavors. These unique offerings generate buzz and attract consumers looking for exclusive taste experiences.

Locally Inspired Creations: Some artisanal brands draw inspiration from local and regional culinary traditions. They incorporate indigenous ingredients and flavors into their ice creams, celebrating the cultural diversity of India.

Interactive and Engaging Experiences: Artisanal ice cream parlors provide consumers with an interactive and engaging experience. Customers can watch the ice cream being made, choose mix-ins and toppings, and enjoy personalized creations.

Digital Transformation and Online Delivery

The digital transformation is significantly impacting the Indian ice cream market. Online platforms and digital strategies are being leveraged to reach consumers, enhance convenience, and provide personalized experiences:

Online Ordering and Delivery: Ice cream brands have embraced online ordering and delivery platforms. Consumers can now conveniently order their favorite ice creams through websites and mobile apps for home delivery or pickup from local outlets.

Virtual Ice Cream Parlors: Some brands have launched virtual ice cream parlors that exclusively operate online. These platforms allow customers to explore menus, place orders, and schedule deliveries without visiting physical stores.

Loyalty Programs and Personalization: Digital platforms enable brands to implement loyalty programs, collect customer data, and offer personalized recommendations. Customers can receive special offers and discounts based on their preferences and purchase history.

Social Media Engagement: Ice cream brands are active on social media platforms, engaging with customers, and showcasing their products through visually appealing content. Social media campaigns, challenges, and contests create buzz and encourage consumer interaction.

Data Analytics: Brands are using data analytics to gain insights into consumer behavior and preferences. This data helps in product development, marketing strategies, and inventory management.

Segmental Insights

Product Type Insights

Cup ice cream has undeniably carved out a substantial share in the highly competitive and ever-evolving India ice cream market. These convenient and delectable single-serving portions have become a staple dessert choice for consumers across the country. Several key factors contribute to the enduring popularity and significant market share of cup ice cream in India.

Convenience and Portion Control: Cup ice creams offer unparalleled convenience. They come pre-packaged in individual cups, eliminating the need for scooping and serving, making them an ideal grab-and-go dessert option. This convenience resonates with consumers looking for a quick and hassle-free dessert experience. Moreover, the portion control aspect appeals to health-conscious individuals who want to indulge in moderation.

Wide Variety of Flavors: Cup ice creams cater to diverse tastes by offering a wide variety of flavors to choose from. Whether it's classic flavors like vanilla and chocolate or exotic choices like mango, butterscotch, or cookie dough, there's a cup ice cream flavor to suit every palate. This diverse flavor range ensures that consumers can find their favorite taste or explore new ones.

Consumer Preferences and Versatility: Cup ice creams have the versatility to accommodate different dietary preferences and requirements. Brands often introduce options such as sugar-free, low-fat, and dairy-free cup ice creams to cater to health-conscious and lactose-intolerant consumers. This adaptability aligns with changing consumer preferences and dietary trends.

Portability and On-the-Go Enjoyment: The portable nature of cup ice cream makes it an ideal choice for enjoying desserts while on the move. Whether at picnics, parties, or simply strolling through a park, consumers can relish their favorite cup ice cream without the need for additional serving equipment. This portability factor is particularly appealing to families and youngsters.

Sales Channel Insights

The online sales channel has carved out a significant and growing share in the India ice cream market, reshaping the way consumers access and enjoy their favorite frozen treats. This transformation is a testament to the evolving retail landscape, changing consumer preferences, and the rapid digitalization of commerce in India.

The rise of the online sales channel in the ice cream market can be attributed to several key factors. First and foremost is the convenience it offers to consumers. In a fast-paced world, where time is often a precious commodity, the ability to order ice cream online and have it delivered to one's doorstep has proven to be a game-changer. Whether it's a spontaneous craving for a scoop of decadent chocolate fudge or a desire to celebrate a special occasion with a tub of premium ice cream, online platforms provide the convenience of immediate gratification.

Additionally, the online channel has expanded access to a diverse range of ice cream brands and flavors. While brick-and-mortar stores have limited shelf space, e-commerce platforms can showcase a vast array of choices. This has allowed consumers to explore and experiment with unique and niche ice cream flavors they might not have encountered otherwise. It also means that consumers can easily find options that cater to dietary restrictions, such as sugar-free, low-fat, or dairy-free varieties.

The online channel has particularly resonated with urban consumers who appreciate the speed, ease, and extensive product offerings available at their fingertips. Major cities across India, including Delhi, Mumbai, Bengaluru, and Kolkata, have witnessed a surge in online ice cream orders. This trend has been further amplified by the COVID-19 pandemic, which prompted many consumers to turn to online platforms for their dessert cravings while adhering to social distancing measures.

 

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Regional Insights

The North region of India has emerged as a prominent player in the country's ice cream market, holding a significant share in recent years. This remarkable growth can be attributed to several key factors that have contributed to the region's thriving ice cream industry.

Changing Consumer Preferences: One of the primary reasons for the North region's prominence in the ice cream market is the evolving tastes and preferences of consumers. As disposable incomes rise and lifestyles become more urbanized, there has been a growing demand for indulgent treats like ice cream. This has driven up consumption and sales in the region.

Population Density: The North region is home to a significant portion of India's population. With states like Uttar Pradesh, Punjab, Haryana, and Delhi, the densely populated areas provide a vast consumer base. This high population density ensures a consistent demand for ice cream products, making it an attractive market for both local and national ice cream brands.

Variety of Flavors: Ice cream manufacturers in the North have recognized the importance of offering a wide variety of flavors to cater to the diverse tastes of consumers. From traditional favorites like mango and pistachio to innovative choices like saffron and paan, the region's ice cream market offers something for everyone.

Seasonal Demand: The North region experiences extreme weather conditions, with scorching summers that make ice cream a sought-after refreshment. Ice cream consumption tends to spike during the hot months, boosting sales in the region significantly. Additionally, ice cream is enjoyed year-round, with many consumers embracing it even during the winter months.

Retail Infrastructure: The North region boasts a well-developed retail infrastructure, including supermarkets, convenience stores, and ice cream parlors. This accessibility ensures that ice cream products are readily available to consumers, contributing to the market's growth.

Local and National Brands: The North region has a healthy mix of both local and national ice cream brands. While local brands often tap into regional flavors and preferences, national brands benefit from their established reputation and marketing efforts. This competition drives innovation and quality in the ice cream market.

Recent Developments

  • In 2023, Hatsun Agro Products, a dairy and dairy products maker with a diverse portfolio including Arokya, chocolates, cakes, and 'Ibaco', its ice-cream brand, has unveiled plans to enhance its global presence in the ice cream market. The company has also introduced a new line of ice cream called 'Licks', consisting of fruit-iced lollies, and has introduced chocolate, strawberry, and cotton candy-flavored ice cream shakes.
  • In 2023, Reliance Consumer Products, a fast-moving consumer goods (FMCG) company backed by Reliance Retail Ventures, is reportedly exploring opportunities to enter the growing ice cream market with its brand "Independence," which was successfully launched in Gujarat last year.
  • In 2022, Vadilal Enterprises, a renowned premium ice cream brand, continues to surprise its customers with innovative offerings. Their latest introduction is the Gourmet Natural product line, which will soon be available in stores near you. To promote this new range, the company has launched an engaging campaign featuring the beloved 'Gulab Jamun' uncle, ensuring a delightful experience for viewers through clever humor.

Key Market Players

  • 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.

 By Product Type

By Category

By Sales Channel

By Region

  • Cup
  • Stick
  • Cone
  • Brick
  • Tub
  • Others
  • Artisanal
  • Impulse
  • Take-Home
  • Bulk
  • Others
  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online
  • Others
  • North
  • West
  • East
  • South

 

Report Scope:

In this report, the India ice cream market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • India Ice Cream Market, By Product Type:

o   Cup

o   Stick

o   Cone

o   Brick

o   Tub

o   Others       

  • India Ice Cream Market, By Category:

o   Artisanal

o   Impulse

o   Take-Home

o   Bulk

o   Others

  • India Ice Cream Market, By Sales Channel:

o   Supermarkets/Hypermarkets

o   Convenience Stores

o   Online

o   Others

  • India Ice Cream Market, By Region:

o   North

o   South

o   East

o   West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India ice cream market.

Available Customizations:

India Ice Cream Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Ice Cream Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis (B2C Model Analysis)

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decision

4.3.  Challenges Faced Post Purchase

5.    India Ice Cream Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value & Volume

5.2.  Market Share & Forecast

5.2.1.    By Product Type Market Share Analysis (Cup, Stick, Cone, Brick, Tub & Others)

5.2.2.    By Category Market Share Analysis (Artisanal, Impulse, Take-Home, Bulk & Others)

5.2.3.    By Sales Channel Market Share Analysis (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North Market Share Analysis

5.2.4.2.        South Market Share Analysis

5.2.4.3.        East Market Share Analysis

5.2.4.4.        West Market Share Analysis

5.2.5.    By Company Market Share Analysis

5.3.  India Ice Cream Market Mapping & Opportunity Assessment

5.3.1.    By Product Type Market Mapping & Opportunity Assessment

5.3.2.    By Category Market Mapping & Opportunity Assessment

5.3.3.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    India Artisanal Ice Cream Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Product Type Market Share Analysis

6.2.2.    By Sales Channel Market Share Analysis

7.    India Impulse Ice Cream Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Product Type Market Share Analysis

7.2.2.    By Sales Channel Market Share Analysis

8.    India Take-Home Ice Cream Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Product Type Market Share Analysis

8.2.2.    By Sales Channel Market Share Analysis

9.    India Bulk Ice Cream Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Product Type Market Share Analysis

9.2.2.    By Sales Channel Market Share Analysis

10. Market Dynamics

10.1.             Drivers

10.2.             Challenges

11. Impact of COVID-19 on India Ice Cream Market

11.1.             Impact Assessment Model   

11.1.1. Key Segments Impacted

11.1.2. Key Regions Impacted

12. Market Trends & Developments

13. Porter’s Five Forces Model

13.1.             Competitive Rivalry

13.2.             Bargaining Power of Buyers

13.3.             Bargaining Power of Suppliers

13.4.             Threat of New Entrants

13.5.             Threat of Substitutes

14. SWOT Analysis

14.1.             Strengths

14.2.             Weaknesses

14.3.             Opportunities

14.4.             Threats

15. Policy and Regulatory Landscape

16. India Economic Profile

17. Company Profiles

17.1.1. Gujarat Co-operative Milk Marketing Federation Ltd

17.1.1.1.     Company Details

17.1.1.2.     Product & Services

17.1.1.3.     Financials (As Per Availability)

17.1.1.4.     Key market Focus & Geographical Presence

17.1.1.5.     Recent Developments

17.1.1.6.     Key Management Personnel

17.1.2. Vadilal Industries Ltd

17.1.2.1.     Company Details

17.1.2.2.     Product & Services

17.1.2.3.     Financials (As Per Availability)

17.1.2.4.     Key market Focus & Geographical Presence

17.1.2.5.     Recent Developments

17.1.2.6.     Key Management Personnel

17.1.3. Mother Dairy Fruit & Vegetable Pvt Ltd

17.1.3.1.     Company Details

17.1.3.2.     Product & Services

17.1.3.3.     Financials (As Per Availability)

17.1.3.4.     Key market Focus & Geographical Presence

17.1.3.5.     Recent Developments

17.1.3.6.     Key Management Personnel

17.1.4. Hindustan Unilever Limited

17.1.4.1.     Company Details

17.1.4.2.     Product & Services

17.1.4.3.     Financials (As Per Availability)

17.1.4.4.     Key market Focus & Geographical Presence

17.1.4.5.     Recent Developments

17.1.4.6.     Key Management Personnel

17.1.5. Devyani Food Industries Ltd

17.1.5.1.     Company Details

17.1.5.2.     Product & Services

17.1.5.3.     Financials (As Per Availability)

17.1.5.4.     Key market Focus & Geographical Presence

17.1.5.5.     Recent Developments

17.1.5.6.     Key Management Personnel

17.1.6. Dinshaws Dairy Foods Pvt. Ltd

17.1.6.1.     Company Details

17.1.6.2.     Product & Services

17.1.6.3.     Financials (As Per Availability)

17.1.6.4.     Key market Focus & Geographical Presence

17.1.6.5.     Recent Developments

17.1.6.6.     Key Management Personnel

17.1.7. Havmor Ice Cream Pvt Ltd

17.1.7.1.     Company Details

17.1.7.2.     Product & Services

17.1.7.3.     Financials (As Per Availability)

17.1.7.4.     Key market Focus & Geographical Presence

17.1.7.5.     Recent Developments

17.1.7.6.     Key Management Personnel

17.1.8. Ramani Icecream Company Limited

17.1.8.1.     Company Details

17.1.8.2.     Product & Services

17.1.8.3.     Financials (As Per Availability)

17.1.8.4.     Key market Focus & Geographical Presence

17.1.8.5.     Recent Developments

17.1.8.6.     Key Management Personnel

17.1.9. Dairy Classic Ice Creams Pvt. Ltd.

17.1.9.1.     Company Details

17.1.9.2.     Product & Services

17.1.9.3.     Financials (As Per Availability)

17.1.9.4.     Key market Focus & Geographical Presence

17.1.9.5.     Recent Developments

17.1.9.6.     Key Management Personnel

17.1.10.              General Mills Inc.

17.1.10.1.  Company Details

17.1.10.2.  Product & Services

17.1.10.3.  Financials (As Per Availability)

17.1.10.4.  Key market Focus & Geographical Presence

17.1.10.5.  Recent Developments

17.1.10.6.  Key Management Personnel

18. Strategic Recommendations

18.1.             Key Focus Areas

18.2.             Target Product Type

18.3.             Target Sales Channel

19. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the India ice cream market was estimated to be USD2.37 billion in 2023.

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The growth of the India ice cream market is primarily driven by increasing disposable incomes and changing consumer preferences, with a rising demand for premium and innovative ice cream flavors.

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Growing demand for premium and artisanal ice cream flavors and an increasing interest in healthier and dairy-free options to cater to changing consumer preferences are the major trends in the India ice cream market.

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The major challenges in the Indian ice cream market include intense competition among numerous brands, resulting in price wars and margin pressures.

profile

Parvati Sharma

Account Manager BD
Press Release

India Ice Cream Market to Grow with a CAGR of 17.3% through 2029

Oct, 2023

India ice cream market is witnessing several compelling trends, including a focus on health and wellness, the emergence of artisanal and gourmet ice creams, and a significant digital transformation.