India Ice cream Market (2024-2030) | Size, Analysis, Share, Trends, Outlook, Industry, Forecast, Companies, Value, Revenue & Growth

India Ice Cream Market Synopsis

India is one of the world’s most populous countries and has a rapidly growing ice cream market. In 2020, India's ice cream market was estimated to be worth around USD 4 billion, representing 8% growth from 2019. This growth rate is expected to continue over the next few years due to increased demand for premium products such as frozen yoghurt and gourmet flavours which are gaining popularity amongst Indian consumers, particularly in urban areas. Additionally, an increasing number of international players are entering the domestic market with innovative product offerings that appeal to price-sensitive customers.

Drivers of the Market:

The major drivers behind this growth include rising disposable incomes, changing consumer preferences towards healthy food options, easy availability of products through retail stores and online channels, expansion into tier 2 cities by leading brands coupled with aggressive marketing activities to create brand awareness among consumers. Moreover, the development of advanced technologies such as low-temperature storage systems and automated filling lines have made it easier for companies operating within the sector to produce high-quality products at lower costs than what was previously possible thus driving down prices and making them more appealing for budget-conscious buyers. Furthermore, favourable government policies aimed at promoting consumption have also contributed significantly towards sustaining demand during periods of economic uncertainty or recessionary trends in India`s economy as witnessed recently due to Covid-19 pandemic lockdowns that forced people indoors and limited purchasing power across income groups.

Challenges of the Market:

Despite these positive trends there exists several challenges currently faced by companies operating within India`s Ice Cream Market including intense competition between domestic & foreign players; fluctuating raw material prices especially cocoa butter which can lead contribute significantly towards overall production cost; labor shortages further compounded by introduction of GST leading disruption in supply chains thereby impacting timely delivery schedules; lack access credit facilities & capital required for investments new equipment etc.; non standardization across states leading inconsistencies in local taxes levied on sale purchase transactions etc.. All these factors need to be addressed effectively if organizations wish remain competitive amidst ever evolving customer requirements technological advancements & regulatory landscape going forward.

Key Players of the Market:

Some notable industry participants include Hindustan Unilever Limited (HUL), Nestle India Limited., Amul (GCMMF) Mother Dairy Fruit & Vegetable Pvt Ltd., Vadilal Industries Ltd., Parag Milk Foods Pvt Ltd., Kwality Walls Swirls Cones Private ltd., Baskin Robbins Creameries (India) Pvt Ltd., Havmor Ice Creams ltd .etc

Key Highlights of the Report:

• India Ice cream Market Outlook
• Market Size of India Ice cream Market, 2023
• Forecast of India Ice cream Market, 2030
• Historical Data and Forecast of India Ice cream Revenues & Volume for the Period 2020-2030
• India Ice cream Market Trend Evolution
• India Ice cream Market Drivers and Challenges
• India Ice cream Price Trends
• India Ice cream Porter's Five Forces
• India Ice cream Industry Life Cycle
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Sales?Types for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Impulse ice cream for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Take-home ice cream for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Artisanal ice cream for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Distribution Channel Type for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Supermarket/Hypermarket for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Convenience stores for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Ice cream Parlour for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Online for the Period 2020-2030
• Historical Data and Forecast of India Ice cream Market Revenues & Volume By Others for the Period 2020-2030
• India Ice cream Import Export Trade Statistics
• Market Opportunity Assessment By Sales?Types
• Market Opportunity Assessment By Distribution Channel Type
• India Ice cream Top Companies Market Share
• India Ice cream Competitive Benchmarking By Technical and Operational Parameters
• India Ice cream Company Profiles
• India Ice cream Key Strategic Recommendations