India Ice Cream Market Trend, Size, Share, Trends, Growth,
India Ice Cream Market Trend, Size, Share, Trends, Growth, Report and Forecast 2024-2030
The India Ice Cream Market is expected to grow at a CAGR of around 13.49% during the forecast period, i.e., 2024-30. MarkNtel Advisors’ recently published versions of the study on the India Ice Cream Industry (2024-2030) have been closely monitored. The factual data related to it has been intensively crafted, conducting primary and other market research processes & strategies.
Essential Parameters
- Timeframe and Metrics
- Historical Period: 2019-22
- Base Year: 2023
- Forecast Years: 2024-2030
- Units: USD Million/Billion
- Our goal is to offer clients with relevant and up-to-date information. To achieve this, our skilled analysts and researchers conduct thorough studies on the industry.
- Before creating a roadmap or checklist for the research report, we seek to understand the client’s perspective and objectives.
- The figures in our reports are tailored with input from industry experts, ensuring our reports are comprehensive solutions for clients.
- We use both primary and secondary research approaches to gather unbiased and comprehensive market information.
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India Ice Cream Market Driver:
Growing Developments in Quick Commerce & E-commerce to Drive the Ice Cream Market – Quick commerce and e-commerce have evolved in recent years, allowing customers to consume ice cream in the comfort of their own homes with just a few taps on their smartphones. This ease of use increased ice cream consumption at home. Furthermore, the pandemic influenced customers’ consumption of comfort foods such as candy and ice cream. Due to limited mobility and the closure of out-of-home channels, the pandemic also increased ice cream sales via e-commerce. Even after the lockdown was lifted, the habit persisted due to the ease of access and the wide variety of products available online.
Analyzing the Segmentations for the India Ice Cream Market
Knowing the fragmentation of the market makes one understand the versatility & nature of the industry in a very detailed and informed way. This section of the research report talks about how every segmentation plays a role in enhancing the market share & size. Read further to get familiar with the market segmentations:
By Type
-Impulse Ice Cream
-Single Portion Dairy Ice Cream
-Take-Home Dairy Ice Cream
-Artisanal Ice Cream
By Flavor
-Chocolate
-Mango
-Vanilla
-Strawberry
-Butterscotch
-Others
By Format
-Cup
-Stick
-Cone
-Brick
-Others (Sandwich, Tub, etc.)
By Sales Channel
-Grocery Retailers
-Hypermarkets/Supermarkets
-Convenience Stores
-Other Grocery Retailers
-Brand Owned Outlets
-Ice Cream Carts
-Online
The India Ice Cream Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. Based on the analysis, the market has been further classified as:
Based on Type:
- Impulse Ice Cream
- Single Portion Dairy Ice Cream
- Take-home Dairy Ice Cream
- Artisanal Ice Cream
Amongst all, Impulse Ice Cream grabbed a considerable share of the India Ice Cream market over the historical period. The innovative broad range of impulse ice creams experienced substantial sales due to the preferences and choices of customers to purchase water-based, ready-to-consume frozen treats, such as chocolate-coated ice creams and ice cream tubes, during the summer season. India has always been known for its intensive hot climatic conditions from March to July. However, the country has observed a trend of consuming impulse ice creams throughout the year, which is expected to support impulse ice cream sales in the forecast years as well.
Based on Format:
- Cup
- Stick
- Cone
- Brick
- Others (Sandwich, Tub, etc.)
Of them, the Stick & Cup format of ice cream held the major market share in the past years as they are easily available even in remote places of India. This is due to the reason that their sales are being majorly done via ice carts. Additionally, stick & cup-format ice cream remains a popular choice for customers of all ages, including the under-18 generations.
In addition, several key players, including Amul, Kwality Wall’s, and others, have launched new flavored ice cream products in stick & cup formats at competitive prices, acknowledging that urban consumers are seeking innovative tastes as well as convenience. Thus, growing customer preferences for hybrid flavored ice creams in stick & cone format are expected to drive the India Ice Cream market during the forecast period.
Based on Sales Channel:
- Grocery Retailers
- Hypermarkets/Supermarkets
- Brand Owned Outlets
- Ice Cream Carts
- Online
- Convenience Stores & Others
Here, Ice Cream Carts dominated the India Ice Cream market during the past period, owing to the factors such as convenience & easy availability, even in the remote sectors of India. The majority of ice cream demand is impulsive, which is met by access to ice cream carts. As a result of their ability to meet the demand for impulse ice creams, ice cream carts are projected to hold a substantial market share.
Meanwhile, supermarkets & hypermarkets, which have recently gained a significant market share, cater to the bulk needs of the urban population, who buy ice cream in tubs & bricks. In addition, hypermarkets & supermarkets have begun to offer other types of ice cream in recent years. Supermarkets & hypermarkets are expected to gain a sizable market share in the coming years as a result of changing lifestyles and rapid urbanization.
Exploring the Geographical Landscape of the India Ice Cream Industry
Our skilled researchers and analysts provide a detailed overview of each region or country, to help stakeholders understand the market status in these areas. They are:
-North
-South
-West
-East
-North-East.
Do You Know Who are the Leading Companies in the India Ice Cream Market?
Key competitors are the major role-players of any market, working to innovating & expanding the industry landscape. Look below to know about the India Ice Cream Market companies:
-Gujarat Co-operative Milk Marketing Federation Ltd
-Hindustan Unilever Ltd
-Creambell
-Hatsun Agro Products Ltd
-Mother Dairy Fruit & Vegetable Pvt Ltd
-Vadilal Industries Ltd
-Lotte India Corporation Limited
-Dairy Classic Ice Creams Pvt Ltd
-Baskin Robbins
-Dinshaw’s
-Giani
-Haagen- Dazs
-Natural’s
-Nirula’s
-Top’N Town.
Key Questions Addressed in the India Ice Cream Market Research Report:
- What is the estimated size, share, and CAGR of the India Ice Cream Market in the forecast period?
- What are the key trends projected to impact the India Ice Cream Market during 2024-2030?
- What are the different segments & sub-segments considered in the India Ice Cream Market research study?
- Who are the key stakeholders and players participating in the India Ice Cream Market?
- What are the major aspects creating opportunistic arena for the India Ice Cream Market?
- What would be the demand for different types of products/services in the India Ice Cream Market through 2030?
- What all factors would create challenge for the India Ice Cream Industry growth?
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