India Ice Cream Market Forecast to Grow at CAGR 17% till 2021
Expanding middle class population base,
rising purchasing power, coupled with changing customer tastes and growing
demand for premium ice creams to drive India ice cream market through 2021
According to a report released at
TechSci Research, “India
Ice Cream Market By
Type, By Organized Vs Unorganized Sector, By Category, Competition Forecast
& Opportunities, 2011-2021”, the ice cream market in India is forecast to exhibit a
CAGR of 17.03% during 2016-2021. Ice cream market in India grew at a moderate
pace over the past few years, on account of increasing number of international
ice cream brands entering the Indian market, improving cold storage facilities,
coupled with changing consumer taste. Moreover, India is the largest producer
of milk, as the country accounts for over 1/5th of global milk production,
thereby offering ice cream market in the country with large volume of raw
material for manufacturing of ice creams. GDP per capita of India is increased
from USD1390 in 2010 to 1580 in 2015, which is positively impacting the ice
cream market in India. Furthermore, growing inclination towards eating ice
cream outside, growing number of flavors, coupled with rising purchasing power
are further expected to drive India ice cream market during the forecast
period.
Available Updated Report On India Ice Cream Market 2013 -2023 : https://www.techsciresearch.com/report/india-ice-cream-market/2833.html
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3 market data Tables and 37 Figures spread through 117 Pages and an
in-depth TOC on "India
Ice Cream Market"
https://www.techsciresearch.com/report/india-ice-cream-market-by-type-cup-stick-cone-brick-tub-others-by-organized-vs-unorganized-sector-by-category-impulse-take-home-artisanal-competition-forecast-opportunities/811.html
West India dominated India
ice cream market in 2015, and is further anticipated to continue dominate the
market in the coming years, owing to presence of leading players in the ice
cream market in India such as Gujarat Cooperative Milk Marketing Federation,
National Dairy Development Board, Vadilal, etc., growing dairy industry,
coupled with high population density in the region. India ice cream market was dominated by impulse category
of ice creams in 2015, and this category is further expected to continue its
dominance during the forecast period as well, owing to growing demand for
premium ice creams and changing consumer taste.
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“Ice cream earlier were considered as a luxury food product, however
with changing time taste and preference of consumers changed, which propeled
growth in India ice cream market over the past few years. Moreover,
growing demand for natural and traditional
flavored ice cream, coupled
with increasing penetration of international brands, improvement in cold chain
infrastructure and rapid urbanization to drive India ice cream market during
the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
Available Updated Report On India Ice Cream Market 2013 -2023 : https://www.techsciresearch.com/report/india-ice-cream-market/2833.html
“India
Ice Cream Market By Type, By Organized Vs Unorganized Sector, By Category,
Competition Forecast & Opportunities, 2011-2021” has evaluated the future growth potential of
India ice cream market and provides statistics and information on market
structure, size, share and future growth. The report is intended to provide
cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
present in the ice cream market in India.
About TechSci Research
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with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
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and Consultants employing innovative research solutions and tracking global and
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follow market trends.
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Available Updated Report On India Ice Cream Market 2013 -2023 : https://www.techsciresearch.com/report/india-ice-cream-market/2833.html