India Ice Cream Market to Grow with a CAGR of 13.5% through 2029
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.
According to
TechSci Research report, “India Ice Cream Market - Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029”, the India Ice
Cream Market stood at USD3.12 billion in 2023 and is anticipated to grow with a
CAGR of 13.5% in the forecast period, 2025-2029. The Indian ice cream market
has witnessed remarkable growth and transformation over the years. Ice cream,
once considered a luxury, has now become a mainstream dessert choice for people
of all ages across the country. This transformation is indicative of the
changing consumer preferences, increased disposable incomes, and a growing
desire for indulgent and diverse food experiences.
The history of
ice cream in India dates back to ancient times, where it was made using a
mixture of ice and fruits. However, the modern ice cream industry as we know it
today began to take shape in the early 20th century, with the introduction of
commercial ice cream production. Companies like Vadilal and Kwality emerged
during this period and laid the foundation for the organized ice cream market
in India.
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data Figures spread through XX Pages and an in-depth TOC on "India
Ice Cream Market”
One of the
distinguishing features of the Indian ice cream market is its wide variety of
flavors. While traditional flavors like vanilla, chocolate, and strawberry
remain evergreen favorites, consumers have become more adventurous in their
choices. Manufacturers have responded by introducing exotic flavors such as
paan, kulfi, gulkand, and even regional specialties like rose petal from
Kashmir or mango from the southern states. This flavor diversity reflects the
cultural richness and diversity of India.
In addition to
diverse flavors, ice cream brands have embraced innovation and customization to
appeal to a broader customer base. Customization options, such as choosing
toppings, syrups, and mix-ins, have become increasingly popular in ice cream
parlors. Additionally, the market has seen the rise of specialized ice cream
outlets that offer unique creations, such as nitrogen ice cream, vegan options,
and gelato.
While indulgence
remains a key driver in the ice cream market, there is a growing segment of
health-conscious consumers who are looking for healthier alternatives. To cater
to this demand, companies have introduced sugar-free, low-fat, and dairy-free
options. These products often use natural sweeteners and ingredients, appealing
to those who want to enjoy ice cream without compromising on their dietary
restrictions or health goals.
Ice cream is
available through various distribution channels in India. Traditional ice cream
parlors, also known as "scoop shops," continue to be popular,
offering a wide range of flavors and toppings. Additionally, supermarkets and
convenience stores stock a variety of packaged ice creams, catering to the
at-home consumption market. The emergence of online delivery platforms has
further expanded the reach of ice cream brands, allowing consumers to order
their favorite treats from the comfort of their homes.
The demand for
ice cream in India experiences seasonal fluctuations, with peak consumption
occurring during the scorching summer months. To leverage this seasonality, ice
cream companies often launch special summer promotions and limited-edition
flavors. Moreover, the winter season sees the sale of warm dessert options,
such as hot chocolate fudge and sundaes, to keep customers engaged year-round.
Despite its
growth, the Indian ice cream market faces several challenges. The cost of cold
storage, supply chain logistics, and the need to maintain product quality in a
tropical climate can be significant hurdles. Moreover, the pandemic disrupted
the supply chain and impacted sales as people stayed indoors to adhere to
lockdown measures.
However, these
challenges also present opportunities for innovation and growth. Investment in
cold chain infrastructure, research and development of products suitable for
varying climates, and effective online distribution strategies can help ice
cream companies overcome these obstacles.
Understanding
consumer preferences and demographics is crucial for success in the Indian ice
cream market. India's young population, with a significant proportion of millennials
and Gen Z, is more open to experimentation and willing to try new flavors and
concepts. Moreover, the increasing urbanization and rising number of
dual-income households have boosted the demand for convenience foods, including
ice cream.
The food
industry in India is subject to stringent regulations and quality standards to
ensure consumer safety. Ice cream manufacturers must adhere to these standards,
including labeling requirements, hygiene, and quality control, to maintain
consumer trust and comply with regulatory authorities.
India ice cream market
is segmented into product type, category, sales channel, and region.
Based on its
product type, the market is segmented into cup, stick, cone, brick, tub &
others. Among these, cup ice cream has a significant share in the India ice
cream market. Cup ice cream offers a high level of convenience. It comes
pre-packaged in individual servings, making it easy for consumers to enjoy
their favorite ice cream flavors without the need for additional utensils or
dishes. This convenience factor is especially appealing to busy urban dwellers
and families looking for quick dessert options.
Based on region,
the market is segmented into East, West, North, and South. Among these,
the North region has a significant share of the India ice cream market. The
North region of India is home to a substantial portion of the country's
population. States like Uttar Pradesh, Delhi, Haryana, and Punjab have large
urban and semi-urban populations, which contribute significantly to ice cream
consumption. The higher population density in these areas creates a substantial
consumer base for ice cream products.
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 has come a long way from its humble beginnings, and its growth
trajectory shows no signs of slowing down. With a diverse range of flavors,
innovative product offerings, and a consumer base that spans all age groups,
ice cream continues to be a beloved dessert choice in India. As companies adapt
to changing consumer preferences and overcome logistical challenges, the market
is poised for even greater expansion in the coming years. Whether enjoyed in a
classic cone, as a trendy nitrogen creation, or as a healthy alternative, ice
cream remains a symbol of indulgence and celebration in India.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“India Ice Cream Market
By Product Type (Cup, Stick, Cone, Brick, Tub & Others), By Category
(Artisanal, Impulse, Take-Home, Bulk & Others), By Sales Channel
(Supermarkets/Hypermarkets, Convenience Stores, Online, and Others), By Region,
By Competition Forecast & Opportunities, 2019-2029F, 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
make sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India ice cream market.
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