India Ice Cream Market (2023-2029) | Revenue, Share, Forecast, Companies, Industry, COVID-19 IMPACT, Value, Growth, Analysis, Size & Trends

Topics Covered in the India Ice Cream Market

India Ice Cream Market report thoroughly covers the market by type, by category, and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Ice Cream Market Synopsis

India Ice Cream Market is anticipated to grow significantly over the coming years on the back of growing demand for indulgent products, increasing affordability due to lower price points, and rapid urbanization. Additionally, increased disposable incomes and changing lifestyles among young customers, who prefer innovative ice creams to taste new flavours. The rising health awareness amongst consumers, who prefer healthy food options that also provide pleasure while eating. This is creating an opportunity for the manufacturers to introduce healthy yet tasty ranges of ice creams to cater to customers' requirements.

According to 6Wresearch, the India Ice Cream Market size is estimated to rise at a CAGR of 17.8% during the forecast period 2023-2029. The market growth is influenced by some aspects such as increasing population income level, the emergence of online outlets, and increasing consumer base with the growing population rate in the country. Consumers are seeking a wide variety of flavours and premium-quality ice creams, and the demand for innovative flavours has surged. This demographic group, especially the youthful population are more open to experiencing new flavours and brands, contributing to ice cream market growth in India. The emergence of ice cream outlets online has boosted ice cream sales, as they provide easy access to satiate dessert cravings in the comfort of the home. Therefore, this increased accessibility has boosted sales. While ice cream consumption occurs throughout the year, the demand typically increases during the summer months, hence this is the peak month for ice cream sales, which is proven beneficial to the new entrance to earn great profit margin during this season.

COVID-19 Influence on the India Ice Cream Market

COVID-19 has affected the India Ice Cream Market which is a part of the Asia Pacific Ice Cream Market. the pandemic caused the strict lockdown in the country coupled with the COVID-19 infection made the population health conscious. Hence, the demand for ice creams was reduced, and as a result, the market shares were also reduced. The closure of all ice cream outlets in the country due to the lockdown led to a decline in the consumption rate and simultaneously market revenues.

Key Players of the India Ice Cream Market

This market has numerous well-renowned players in the country, who are offering innovative ranges of ice creams to satiate consumer’s cravings.  Some of them are listed below:

• Amul is one of the largest and leading dairy cooperatives across the country. They provide a spectrum range of ice cream products.
• Kwality Wall's is a brand owned by Hindustan Unilever Limited (HUL) and is known popularly for wide ice cream flavours.
• Mother Dairy, a subsidiary of the National Dairy Development Board (NDDB), produces ice cream products using fresh dairy ingredients. They are popularly known for their premium quality and taste.
• Vadilal Industries is one of India's prominent ice cream manufacturers, offering a spectrum range of ice cream flavours and products.

Government Initiatives Introduced in the India Ice Cream Market

The ice cream market share in India is estimated to surge in the coming years owing to the presence of several supportive government initiatives. One of the significant initiatives is the Food Safety and Standards Authority of India (FSSAI) regulates the food safety standards in India. Manufacturers are considered to adhere to the released food safety guidelines, regarding quality and safety standards, including hygiene practices and labelling requirements. Ice cream manufacturers are required to obtain licenses or register their businesses with FSSAI, ensuring compliance with food safety regulations. Moreover, FSSAI releases stringent guidelines for the hygiene and sanitation practices to be adhered to by ice cream manufacturers. This includes maintaining clean production and ensuring the safe handling of ingredients.

Market Analysis by Distribution Channel

According to Nitesh Kumar, Research Manager, 6Wresearch, the speciality stores are experiencing high sales of the products, as they offer a wide variety of the products. Hence, they are increasing the India Ice Cream Market revenue with the growing consumer base in the country.

Market Analysis by Category

Based on the category, dairy ice cream consumption is high among youngsters. However, with an increasing awareness of health, consumer preferences have been changing, shifting towards non-dairy ice creams, which align with these preferences.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Ice Cream Market Outlook
• Market Size of India Ice Cream Market, 2022
• Forecast of India Ice Cream Market, 2029
• Historical Data and Forecast of India Ice Cream Revenues & Volume for the Period 2019 - 2029
• 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 By Type for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Impulse Ice Cream for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Take-home Ice Cream for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Artisanal Ice Cream for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By By Category for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Dairy for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Non-dairy for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By On-trade for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Off-trade for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Convenience Stores for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Specialist Stores for the Period 2019 - 2029
• Historical Data and Forecast of India Ice Cream Market Revenues & Volume By Other Distribution Channels for the Period 2019 - 2029
• India Ice Cream Import Export Trade Statistics
• Market Opportunity Assessment By By Type
• Market Opportunity Assessment By By Category
• Market Opportunity Assessment By By Distribution Channel
• 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

Market Covered

The report offers a comprehensive segmentation of the ice cream market in India:

By Type

• Impulse Ice Cream
• Take-Home Ice Cream
• Artisanal Ice Cream

By Category

• Dairy
• Non-Dairy

By Distribution Channel

• On-Trade
• Off-Trade
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialist Stores
• Other Distribution Channels

Frequently Asked Questions About the Market Study (FAQs):