India Ice Cream Market 2024


Market Overview

The market for ice cream in India is expected to reach USD 4,000 million by 2029, recording a CAGR of 7.5% over the forecast period as per the latest analysis. The increase in per capita income has directly impacted consumer spending on non-essential items such as ice cream. Economic stability encourages discretionary spending among consumers. Moreover, ice cream brands have significantly enhanced product visibility and consumer interest through active marketing and promotional activities. Leading brands have invested substantial funds in marketing efforts, including digital campaigns, influencer collaborations, and community engagement events, which are particularly effective in attracting younger consumers.

The report provides a comprehensive overview of the India ice cream industry, covering a study of the key players operating in the market. It includes an analysis of market segments and sub-segments, taking into consideration factors such as type, product type, ingredient, and distribution channel. By examining these aspects, the report offers valuable insights into the potential of the ice cream industry. Moreover, the report presents statistical information, including market size, market share, growth rate, and forecasts specifically tailored to the ice cream industry. This data-driven analysis equips industry professionals with the necessary information to assess the current market landscape, make well-informed decisions, and identify growth opportunities within the sector.


Market Segmentation

The ice cream market in India is segmented as below:
Type: dairy ice cream, water ice cream, and others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, and others
Ingredient: fats and oils, milk, sweeteners, and others
Distribution channel: foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others

The India ice cream market is segmented on the basis of type, product type, ingredient, and distribution channel. On the basis of type, the ice cream market in India has been segmented into dairy ice cream, water ice cream, and others (plant based ice cream). By product type, the ice cream market in India has been segmented into impulse ice creams, take home ice creams, frozen yogurt, and others. Based on ingredient, the ice cream market in India is categorized into fats and oils, milk, sweeteners, and others. On the basis of distribution channel, the ice cream market in India has been segmented into foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, and others.


Competitive Landscape

The India ice cream market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players 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.

The report is an indispensable tool for companies and organizations operating in the ice cream industry. It offers a comprehensive overview of the market, empowering industry executives, policy makers, academics, and analysts to make well-informed decisions. The report provides valuable insights and analysis, presenting a cohesive and detailed perspective on the ice cream market.


Why Buy This Report?

Provide statistical data or estimations for the India ice cream market
Formulate regional strategies and determine strategic priorities based on local data analysis
Gain a comprehensive understanding of the ice cream market in India
Identify promising investment opportunities by pinpointing growth sectors and emerging trends
Understand what the future of the ice cream market in India looks like
Analyze the competitive landscape and identify the optimal timing for seizing opportunities


Table of Contents

TABLE OF CONTENTS
FIGURES AND TABLES
1. Scope and Methodology
1.1 Key Findings
1.2 Report Scope
1.3 Research Methodology
2. Market Overview
3. India Ice Cream Market – Type Analysis
3.1 Dairy ice cream
3.2 Water ice cream
3.3 Others (plant based ice cream)
4. India Ice Cream Market – Product Type Analysis
4.1 Impulse ice creams
4.2 Take home ice creams
4.3 Frozen yogurt
4.4 Others
5. India Ice Cream Market – Ingredient Analysis
5.1 Fats and oils
5.2 Milk
5.3 Sweeteners
5.4 Others
6. India Ice Cream Market – Distribution Channel Analysis
6.1 Foodservice channels
6.2 Convenience and forecourt stores
6.3 Supermarkets and hypermarkets
6.4 Small grocery stores
6.5 E-commerce
6.6 Others
7. Company Profiles
7.1 Vadilal Industries Ltd.
7.2 Unilever PLC
7.3 The Punjab State Cooperative Milk Producers’ Federation Limited (MILKFED)
7.4 RJ Corporation
7.5 National Dairy Development Board (NDDB)
7.6 Lotte Corporation
7.7 Hatsun Agro Product Ltd.
7.8 Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
7.9 Dairy Classic Ice Creams Pvt. Ltd.
DISCLAIMER


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.


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