India Ice Cream Market Outlook
According to the report by Expert Market Research (EMR), the India ice cream market is projected to grow at a CAGR of 15% between 2024 and 2032. Aided by the changing consumer tastes, the introduction of innovative flavours, and the growing influence of Western dietary patterns, the market is expected to grow significantly by 2032.
Ice cream in India has transitioned from being a luxury product to a widely consumed dessert, enjoyed by people of all ages. This shift is a result of increased disposable income, the expansion of retail infrastructure, and the growing prevalence of organised retail channels like supermarkets and hypermarkets.
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One of the key factors driving the India ice cream market growth is the country’s young population, which constitutes a significant portion of the consumer base. This demographic is more open to experimenting with new flavours and varieties, including premium and artisanal ice creams. Furthermore, the increasing urbanisation and the rise in the number of malls and multiplexes offering ice cream as a part of the overall consumer experience have also fuelled market growth.
As per the India ice cream market analysis, seasonal marketing and promotional strategies by major players have played a pivotal role in boosting the consumption of ice creams. During the summer months, companies increase their advertising efforts and often launch new flavours to attract customers. There’s also a rising trend of health-consciousness among Indian consumers, leading to a demand for ice creams made with natural ingredients, and low-fat, and sugar-free options.
The India ice cream market is also witnessing a surge in demand for homegrown brands that offer local flavours. These brands are gaining popularity due to their use of traditional Indian ingredients and flavours that cater to the local palate. Moreover, the introduction of ice cream in convenient packaging formats like single-serve cups and cones has enhanced the product’s appeal, especially among the younger population.
In addition to traditional dairy-based ice creams, there is an emerging market for vegan and lactose-free ice creams in India. The increasing number of people adopting vegan diets and those who are lactose intolerant further contributes to the India ice cream market size.
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India Ice Cream Market Segmentation
The market can be divided based on type, flavour, packaging type, end use, distributional channel, and region.
Market Breakup by Type
- Impulse Ice Cream
- Take-Home Ice Cream
- Artisanal Ice Cream
Market Breakup by Flavour
- Chocolate
- Fruit
- Vanilla
- Others
Market Breakup by Packaging Type
- Cup
- Stick
- Cone
- Brick
- Others
Market Breakup by End Use
- Retail
- Institutional and HoReCa
Market Breakup by Distributional Channel
- Ice Cream Parlours
- Supermarkets and Hypermarkets
- Convenience Stores
- Online
- Direct Selling
Market Breakup by Region
- North India
- East and Central India
- West India
- South India
India Ice Cream Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the India ice cream market. Some of the major players explored in the report by Expert Market Research are as follows:
- Gujarat Co-operative Milk Marketing Federation Ltd
- Vadilal Industries Ltd
- Mother Dairy Fruit & Vegetable Pvt Ltd
- Hindustan Unilever Limited
- Devyani Food Industries Ltd
- Graviss Foods Pvt Ltd
- Dinshaws Dairy Foods Pvt. Ltd
- Havmor Ice Cream Pvt Ltd
- Ramani Icecream Company Limited
- Dairy Classic Ice Creams Pvt. Ltd.
- General Mills Inc.
- Others
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