As per the latest report by IMARC Group, titled “Ice Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The ice cream market in India reached a value of INR 165.2 Billion in 2021. Ice cream is a frozen dessert which is prepared by mixing milk, cream, sweeteners, eggs, fruits and flavors. It also contains stabilizers including gluten to provide a consistent texture to the mixture. It is characterized by a soft, creamy texture which is achieved by quickly stirring the frozen mixture to avoid the formation of large ice crystals. Some of the most common flavorings used in ice cream are vanilla, chocolate, mango, strawberry and butterscotch. Currently, ice cream is considered one of the most popular desserts in India. Owing to the hot and humid climate prevalent in the country, along with a shift in consumer’s food preferences, the sales of the dessert are constantly booming across the region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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Indian Ice Cream Market Trends:
India is one of the largest producers of dairy products in the world, which is a fundamental factor driving the market for ice cream in the country. Additionally, rapid urbanization and inflating per capita income levels have created a distinctive space for premium ice cream variants in the country. Consumers are inclining toward experimenting with new flavors and types, which has led to the launch of a wide range of products in the market, such as sundaes and parfait. Also, variants with regional and traditional flavors are steadily gaining traction in the Indian ice cream market. Anjeer badam, kesar pista, nolen gur, rajbhog, and several kulfi variants including rabri, faluda and matka kulfi are some of the extremely popular traditional ice cream variants in the country. Moreover, the proliferation of online retailing of ice cream offering convenient shopping, wide array of flavors, and better price point, along with advancements in the cold chain infrastructure, is also contributing significantly to the market growth. Other factors such as the presence of intense competition between the leading domestic and international market players and the introduction of gluten-free and vegan variants are also creating a positive outlook for the ice cream market in India. Looking forward, IMARC Group expects the market to reach INR 436.2 Billion by 2027, exhibiting at a CAGR of 17.69% during 2022-2027.
Market Summary:
- On the geographical front, the market has been divided into Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Orissa. Amongst these, Maharashtra holds the leading position in the market.
- The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market.
Competitive Structure:
- GCMMF
- Kwality Walls
- Vadilal
- Mother Dairy
- Hatsun and Cream Bell
Key Market Segmentation:
Breakup by Type
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Breakup by Flavor
- Chocolate
- Fruit
- Vanilla
- Others
Breakup by Format
- Cup
- Stick
- Cone
- Brick
- Others
Breakup by End-User
- Retail
- Institutional
Breakup by Distribution Channel
- General Trade
- Supermarkets/Hypermarkets
- Ice cream Parlors
- Convenience Stores
- Online
- Others
Performance by Regions:
- Maharashtra
- Uttar Pradesh
- Andhra Pradesh
- Tamil Nadu
- Gujarat
- Rajasthan
- Karnataka
- Madhya Pradesh
- West Bengal
- Bihar
- Delhi
- Kerala
- Punjab
- Odisha
- Haryana
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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