India Ice Cream Market Surpasses USD 3 Billion in 2023, Set to Soar with 13.49% CAGR by 2030

India Ice Cream Market: Key Insights on Size, Share, and Industry Trends, Growth.

Markntel Advisors has conducted an in-depth analysis of the India Ice Cream Market, encompassing the forecast period from 2024-30 and utilizing data from the historical span of 2019-22, with 2023 as the base year. Our proficient team of analysts has devoted substantial time to gather and examine the latest market information, ensuring the delivery of a comprehensive and current report. This market research analysis is particularly beneficial for decision-makers relying on data, including business owners and analysts. This research report on market by us serves as a strategic guide for businesses, offering a detailed roadmap to navigate the complexities of the market and capitalize on lucrative opportunities for sustainable India Ice Cream Industry growth.

What is the current India Ice Cream market size and its projected growth for the Coming Years 2030?

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 2024-30. The market is fueled by factors such as rising average mean temperatures, long summers and heat waves, and western & modern lifestyles. 

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What are the India Ice Cream Market Growth Prospects?

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.

A Thorough Examination of the Fragmented India Ice Cream Market

Our research yields valuable insights into crucial India Ice Cream market trends, consumer behaviour, and competitive landscapes across various industries. We meticulously monitor market trends to illuminate both positive and negative factors that have historically impacted consumer behaviour. Additionally, our report provides an extensive analysis of market challenges and constraints that hindered growth in the past or are expected to emerge during the forecast period.

Name of Leading India Ice Cream Companies in the 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

Our inclusive coverage of lucrative prospects renders our research analysis valuable for investors and other stakeholders.

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What Segments Are Discussed in the India Ice Cream Market Report?

The India Ice Cream Market displays high resilience and fragmentation, comprising numerous segments like:

• By Type

• Impulse Ice Cream

• Single Portion Dairy Ice Cream

• Take-Home Dairy Ice Cream 

• Artisanal Ice Cream

• By Flavor

• Chocolate

• Mango

• Vanilla

• Strawberry

• Butterscotch

• Others

• By Format

• Cup

• Stick

• Cone

• Brick

• Others (Sandwich, Tub, etc.)

• By Sales Channel

• Grocery Retailers

• Hypermarkets/Supermarkets

• Convenience Stores

• Other Grocery Retailers

• Brand Owned Outlets

• Ice Cream Carts

• Online

further subdivided into various sub-segments. Recognizing market segmentation is crucial for businesses to tailor their strategies, products, and services to meet the specific needs and demands of their target customers. Through a meticulous analysis of market segments and associated sub-segments, businesses can identify new growth opportunities, forecast market trends, and formulate effective marketing and sales strategies.

On the geographical front, the India Ice Cream Market expands across the following:

By Region

• North

• South

• West

• East

• North-East

This geographic segmentation empowers businesses to gain insights into geographical differences in consumer behaviour, preferences, and demand. Such insights can inform decisions related to expansion plans, partnerships, and product localization strategies.

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Require Additional Help?

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Why to Buy this Detailed Analyzed Report?

• Gain insights into the industry's size, share, and growth patterns.

• Stay informed about the latest trends shaping the India Ice Cream industry.

• In-depth analysis of factors influencing the industry's growth.

• Insights into potential opportunities and development avenues in the India Ice Cream market.

• Understand the current and projected demand dynamics in the India Ice Cream industry.

• Make strategic decisions based on a thorough understanding of India Ice Cream market demand.

• Navigate the competitive landscape confidently with our industry-focused guide.

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