India Ice Cream Market 2024

Description

Projections for the India ice cream market suggest a promising growth trajectory, with an anticipated rise of USD 2.9 billion and a compound annual growth rate (CAGR) nearing 9.7% over the next five years. 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 presents a detailed overview of the India ice cream industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like type, product type, ingredient and distribution channel. This detailed analysis supports the identification of growth opportunities within the ice cream industry.

Market Segmentation

The India ice cream market is structured as follows:
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 India market for ice cream is divided based on type, product type, ingredient and distribution channel. By type, the market is categorized into dairy ice cream, and water ice cream. Product type categories include impulse ice creams, and take-home ice creams. Ingredient segments consist of 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

The India ice cream market exhibits significant competition. Leading companies within the market include 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.

The report provides a detailed assessment of prominent companies within the ice cream market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.

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.
A single unlimited user license within the same organization, with no additional charges for extra users.

Table of Contents

TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
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
Key Players and Market Share
– 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
Disclaimer

FIGURES AND TABLES
Table India Ice Cream Market 2019-2029
Chart India Ice Cream Market, Net Growth, 2019-2029
Chart India Ice Cream Market, Growth Rates, 2019-2029
Table India Ice Cream Market by Type, 2019-2029
Chart India Ice Cream Market by Type, CAGR Historic and Forecast, 2019-2029
Chart India Ice Cream Market by Type, 2019-2029
Table India Ice Cream Market by Product Type, 2019-2029
Chart India Ice Cream Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart India Ice Cream Market by Product Type, 2019-2029
Table India Ice Cream Market by Ingredient, 2019-2029
Chart India Ice Cream Market by Ingredient, CAGR Historic and Forecast, 2019-2029
Chart India Ice Cream Market by Ingredient, 2019-2029
Table India Ice Cream Market by Distribution Channel, 2019-2029
Chart India Ice Cream Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart India Ice Cream Market by Distribution Channel, 2019-2029
Table India Ice Cream Market Share (%), by Companies, 2019-2023
Chart India Ice Cream Market, by Companies, 2023
Table India Ice Cream Market Share (%), by Brands, 2019-2023
Chart India Ice Cream Market, by Brands, 2023
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.