India Vegan Ice Cream Market to Grow with a CAGR of 9.01% through 2030
India vegan ice cream market
is expanding rapidly, driven by rising lactose intolerance, health-conscious
consumers, and plant-based trends as well as key players innovate with
dairy-free alternatives, fueling market growth and consumer adoption
According
to TechSci Research report, “India Vegan Ice Cream Market – By Region, Competition,
Forecast & Opportunities, 2030F”, the India Vegan Ice Cream market stood
at USD 72.03 million in 2024 and is anticipated to grow USD 120.47 million by
2030 with a CAGR 9.01% during
forecast period. The India vegan ice
cream market is witnessing significant growth, driven by rising health
consciousness, increasing veganism, and a growing preference for plant-based
alternatives. Consumers are becoming more aware of the health and environmental
benefits associated with dairy-free products, leading to a surge in demand for
vegan ice creams. The rise in lactose intolerance and milk allergies among
Indian consumers has further contributed to the market's expansion, prompting
brands to innovate and introduce dairy-free alternatives made from almond, soy,
oat, and coconut milk. As a result, the vegan ice cream segment is evolving,
catering to a diverse consumer base that seeks both taste and nutrition.
One of the major drivers of this market
is the increasing awareness of veganism and its associated benefits. Indian
consumers are gradually shifting towards plant-based diets due to ethical,
environmental, and health concerns. The growing influence of global dietary
trends, coupled with a rise in flexitarian and health-conscious consumers, has
created a demand for non-dairy frozen desserts. Additionally, social media
influencers, celebrities, and health advocates are playing a key role in
promoting plant-based diets, further fueling the popularity of vegan ice
creams. The availability of innovative flavors, improved taste, and texture has
also made plant-based ice creams more appealing to consumers.
Another significant driver is the
expansion of retail and online distribution channels. Supermarkets,
hypermarkets, specialty stores, and online platforms are increasing their focus
on plant-based products, making vegan ice creams more accessible. E-commerce
platforms have played a crucial role in reaching a wider consumer base,
especially in urban areas, where demand for dairy-free alternatives is high.
Many established dairy brands and startups have recognized this potential and
are actively launching plant-based frozen desserts to cater to this growing
segment.
Despite the promising growth, the India
vegan ice cream market faces several challenges. High production costs remain a
major concern, as plant-based ingredients such as almond milk, cashew milk, and
coconut milk are often more expensive than traditional dairy. The manufacturing
process also requires specialized equipment to ensure consistency in taste and
texture, adding to overall costs. Additionally, limited consumer awareness
about vegan ice cream, especially in Tier 2 and Tier 3 cities, restricts market
penetration. Many consumers still associate ice cream with traditional
dairy-based products, making it essential for brands to invest in marketing and
education campaigns to bridge this gap.
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" India Vegan Ice Cream Market”
The India Vegan Ice Cream market is segmented into source,
product type, flavor, distribution channel, and company.
Based on the distribution channel, the online
segment is the fastest-growing distribution channel in the India vegan ice
cream market, driven by increasing digital adoption, convenience, and expanding
e-commerce platforms. Consumers prefer online shopping for a wide range of
plant-based ice cream options, doorstep delivery, and exclusive discounts.
Leading brands are leveraging e-commerce marketplaces, direct-to-consumer (DTC)
websites, and quick-commerce platforms to enhance accessibility. Social media
marketing and influencer collaborations further boost online sales. With the
rising demand for dairy-free alternatives, digital retailing provides a
scalable solution for brands to reach urban and semi-urban consumers, making
online platforms a key growth driver in the market.
Based on the region,
the South region is the fastest-growing market for vegan ice cream in India,
driven by rising health consciousness, increasing lactose intolerance
awareness, and a strong presence of plant-based lifestyles. Cities like
Bengaluru, Chennai, and Hyderabad are witnessing a surge in demand due to a
growing vegan community and higher disposable incomes. The region’s tropical
climate also boosts ice cream consumption, further fueling market expansion.
Additionally, the presence of tech-savvy consumers, a flourishing café culture,
and the rapid growth of e-commerce contribute to the market's acceleration.
With increasing retail availability, South India is emerging as a key hub for
vegan ice cream adoption.
Major companies
operating in India Vegan Ice Cream market are:
- Super
Milk Products Private Limited (Keventers)
- Compassionate
Choices Pvt. Ltd. (White Cub)
- Graviss
Foods Pvt Ltd. (Baskin Robbins)
- Minus
30 Private Limited
- AAAS
Foods And Nature's Soul Private Limited
- Koozies
Ice Cream
- Kavv
Foods Pvt Ltd (Noto)
- SKKY
Desserts Pvt Ltd. (Go Zero)
- Terra
Verde Foods Pvt Ltd (The Brooklyn Creamery)
- Hindustan
Unilever Limited (Bem & Jerry’s)
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“The key trends
are shaping the future of the India vegan ice cream market. One notable trend
is the introduction of innovative flavors inspired by Indian and global tastes.
Brands are experimenting with ingredients such as turmeric, saffron, cardamom,
matcha, and exotic fruits to create unique offerings that appeal to diverse
palates. Premiumization is also gaining traction, with consumers willing to pay
more for high-quality, dairy-free frozen desserts made with natural, organic,
and clean-label ingredients. Moreover, sustainability is becoming a priority,
with brands adopting eco-friendly packaging and ethical sourcing of ingredients
to attract environmentally conscious consumers,” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
India Vegan Ice Cream
Market, By Source (Soy Milk, Coconut Milk, Cashew Milk, Almond Milk, Others),
By Product Type (Tub, Sticks, Cones, Others), By Flavor (Chocolate, Vanilla,
Strawberry, Others), By Distribution Channel (Online, Offline), By Region, Competition,
Forecast & Opportunities, 2020-2030F”, has evaluated
the future growth potential of India Vegan 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 take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and opportunities
in the India Vegan Ice Cream market.
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