The new report by Expert Market Research titled, ‘India Ice Cream Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the India ice cream market, assessing the market based on its segments like types, flavours, formats, end uses, distribution channels, and major states.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
India Ice Cream Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 3.01 Billion
- Forecast CAGR (2023-2028): 15%
- Forecast Market Size (2028): USD 6.96 Billion
The demand for ice cream in India is being driven by the hot and humid climate in the country, improving power supply facilities in villages, increasing penetration of push-cart workforce in the urban areas, and the thriving travel and leisure activities in the country. Post-COVID induced lockdown, the reopening of restaurants, pubs, hotels, and schools and colleges, have been propelling the demand for ice-creams.
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In addition to this, the ramp-up of marketing strategies by the major ice-cream companies, such as Mother Dairy, is anticipated to boost the market growth in the forecast period. The progressive innovations of ice cream products, such as low-sugar ice-creams for diabetics, is likely to be a major driving factor of ice-cream market in India.
India Ice Cream Industry Definition and Major Segments
Ice cream is defined as a sweet frozen dessert which contains milk, cream, and sugar as the basic ingredients, along with some flavouring. Air is crucial for making ice cream as it affects the density and heaviness of the ice cream. The amount of milkfat and sugar content in an ice cream depends upon the variety of the product. Commercially sold ice creams must contain a minimum of 10% milk fat.
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On the basis of type, the market can be segmented into:
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Based on flavour, the market has been divided into:
The market can be broadly categorised based on format into:
The significant end-uses included in the market are as follows:
Based on distribution channel, the market has been classified into:
- Ice Cream Parlours
- Convenience Stores
The major states in the Indian ice cream market include:
- Tamil Nadu
- Andhra Pradesh and Telangana
- Uttar Pradesh
- West Bengal
- Madhya Pradesh
India Ice Cream Market Trends
The key trends in the ice-cream market in India include the thriving e-commerce sector, which is propelling the demand for a variety of ice-cream products. The increasing purchasing power, coupled with the growing adoption of smartphones, is likely to be a crucial trend in the market.
Moreover, the growing R&D activities by the major ice-cream making firms aimed towards developing ice creams with innovative flavours and dry fruits is anticipated to compel the population of the country to experiment with different flavours and ice cream products.
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