India Ice Cream Market 2024

Description

The ice cream market in India is anticipated to reach valuation of ~USD 4,000 million by 2029, representing a CAGR of 7.5% from 2024 to 2029 as per the latest market data. 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 analysis of the India ice cream industry, presenting detailed market data including historical market size, growth rates, and future forecasts. It offers an in-depth examination of various market categories and subcategories, with a particular focus on key factors such as type, product type, ingredient, and distribution channel. The insights gained from this evaluation help reveal the growth potential within the ice cream sector.

Market Segmentation

The segmentation of the ice cream market in India is outlined below:
Type: dairy ice cream, water ice cream, others (plant based ice cream)
Product type: impulse ice creams, take home ice creams, frozen yogurt, others
Ingredient: fats and oils, milk, sweeteners, others
Distribution channel: foodservice channels, convenience and forecourt stores, supermarkets and hypermarkets, small grocery stores, e-commerce, 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 report also includes the profiles of leading companies such as 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 offers a comprehensive review of the India ice cream market, focusing on key players’ performance over the 2019-2023 period. The information highlights shifts in market share, identifying both established market leaders and emerging players. By utilizing this data, businesses can enhance their competitive positioning, refining their strategies to better navigate a competitive and evolving market landscape.

Why Buy This Report?

Obtain precise statistical data and forecasts for the India ice cream market.
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.

Table of Contents

TABLE OF CONTENTS
Key findings
Report scope
Research methodology
Market overviewIndia 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)
…
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)