India Ice Cream Market 2025

The market for ice cream is set for moderate growth, with projections indicating an increase of USD 2.9 billion and a CAGR nearing 9.7% over the forecast period. India’s ice cream market is growing as rising incomes and urbanization increase consumer spending on indulgent treats. A diverse and young population is driving demand for both traditional Indian flavors and modern, Western-style ice creams. The market is also seeing a trend towards innovative and healthier options, including low-fat and low-sugar varieties, catering to health-conscious consumers.

This report delivers a deep dive into the India ice cream market, combining historical performance data from 2020 to 2024 with forward-looking projections through 2030. It uncovers critical insights into market size, growth rates, and key trends, providing a clear view of the industry’s evolution. By breaking down the market across type, product type, ingredient and distribution channel, the report identifies actionable opportunities for stakeholders to drive growth and outperform competitors.

Market Segmentation

The segmentation of the India ice cream market is outlined below:
Type: dairy ice cream, water ice cream
Product type: impulse ice creams, take-home ice creams
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: forecourt, supermarkets and hypermarkets, food & drinks stores, grocery stores, foodservice channels, e-commerce, others

The ice cream market in the India is segmented by type, product type, ingredient and distribution channel. By type, the market includes dairy ice cream, and water ice cream. Product type segments are divided into impulse ice creams, and take-home ice creams. Ingredient segments cover fats and oils, milk, sweeteners, and others. Distribution channel segmentation includes forecourt, supermarkets and hypermarkets, food & drinks stores, grocery stores, foodservice channels, e-commerce, and others.

Competitive Landscape

Leading companies in the ice cream market comprise Vadilal Industries Ltd., Unilever PLC, The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED), RJ Corporation, National Dairy Development Board (NDDB), Lotte Corporation, Hatsun Agro Product Ltd., Gujarat Co-operative Milk Marketing Federation Limited (GCMMF) and Dairy Classic Ice Creams Pvt. Ltd.

This report presents an extensive analysis of major entities in the ice cream market, focusing on their performance from 2020 to 2024. Findings showcase changes in market share, recognizing both long-standing leaders and new challengers.

Why Buy This Report?

Obtain precise statistical data and forecasts for the India ice cream market.
Gain in-depth analysis and forecasts for the key segments of the India ice cream market: type, product type, ingredient and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the India ice cream market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the India ice cream market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents

TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
India Ice Cream Market – Type Analysis
India Ice Cream Market – Product Type Analysis
India Ice Cream Market – Ingredient Analysis
India Ice Cream Market – Distribution Channel Analysis
Company Shares Analysis
Vadilal Industries Ltd.
Unilever PLC
The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
RJ Corporation
National Dairy Development Board (NDDB)
Lotte Corporation
Hatsun Agro Product Ltd.
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
Dairy Classic Ice Creams Pvt. Ltd.
Macroeconomic Data and Forecast
Research Methodology
Disclaimer

FIGURES AND TABLES
Table India Ice Cream Market 2020-2030
Chart India Ice Cream Market, Net Growth, 2020-2030
Chart India Ice Cream Market, Growth Rates, 2020-2030
Table India Ice Cream Market by Type, 2020-2030
Chart India Ice Cream Market by Type, CAGR Historic and Forecast, 2020-2030
Chart India Ice Cream Market by Type, 2020-2030
Table India Ice Cream Market by Product Type, 2020-2030
Chart India Ice Cream Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart India Ice Cream Market by Product Type, 2020-2030
Table India Ice Cream Market by Ingredient, 2020-2030
Chart India Ice Cream Market by Ingredient, CAGR Historic and Forecast, 2020-2030
Chart India Ice Cream Market by Ingredient, 2020-2030
Table India Ice Cream Market by Distribution Channel, 2020-2030
Chart India Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart India Ice Cream Market by Distribution Channel, 2020-2030
Table India Ice Cream Market Share (%), by Companies, 2020-2024
Chart India Ice Cream Market, by Companies, 2024
Table India Ice Cream Market Share (%), by Brands, 2020-2024
Chart India Ice Cream Market, by Brands, 2024
Table India – Population (Millions) and Forecast
Table India – Consumer Price Index (CPI) and Forecast
Table India – Gross Domestic Product and Forecast
Table India Ice Cream Market: Spend as a Proportion of GDP (%)
Table India Ice Cream Market: Consumption per Capita (Population)

Companies Mentioned

Vadilal Industries Ltd.
Unilever PLC
The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
RJ Corporation
National Dairy Development Board (NDDB)
Lotte Corporation
Hatsun Agro Product Ltd.
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
Dairy Classic Ice Creams Pvt. Ltd.