India Ice Cream Market Insights & Analysis
The India Ice Cream Market was USD 220 Billion in 2023 and is anticipated to register a CAGR of around 14.5% during the forecast period, i.e., 2024-32. The rising middle-class population, increased disposable income, shifting consumer preferences, and growing urbanization all contributed to the rising market demand. The industry is flexible, with steady needs throughout the year and a noticeable uptick in the sweltering summer months. As per the projections, the market would likely continue to expand rapidly in the coming years due to customers’ heightened indulgence in frozen desserts.
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What Information Does the India Ice Cream Market Research Report Covers?
The research report highlights:
- The India Ice Cream Market research study is a well-crafted study that draws from both primary & secondary data sources.
- Examine supply & demand dynamics, development trends, competition landscapes, brand share and pricing analysis, growth patterns from year to year, and the progress of leading market players.
- Focus on determining the areas and niche markets with the most growth potential.
- Aids in getting a thorough grasp of the competitive environment, including the distribution of market shares, important companies (premier, laggard, innovator, and start-up), and their advantages & disadvantages.
- To assist stakeholders in uncovering the market’s potential growth factors, the industry is deeply analyzed in terms of segmentations, regional study, SWOT analysis, and Porter’s Five Forces Analysis.
India Ice Cream Market Dynamics
- High Seasonal Demand & Cultural Traditions to Drive the Industry Growth
The distinct fusion of India’s weather patterns & cultural customs has greatly aided in the ice cream industry’s expansion. The hot months of the year in India result in a notable increase in ice cream consumption due to the country’s intense summer season. Ice cream serves as more than simply a dessert, it’s a way to stay cool & escape the heat. Manufacturers produce summer-specific products, run promotions, and marketing efforts in response to this seasonal demand. Also, numerous festivals & celebrations, involving the ingestion of sweets & desserts like ice cream, are trademarks of India’s rich cultural environment.
Moreover, ice cream’s appeal has increased as a result of its widespread use during these festive occasions, such as Diwali, Holi, and others. The variety of Indian cultures is reflected in their tastes for desserts. Each region of the country has its traditional frozen dessert, such as falooda in the West and kulfi in the North, among other regional delicacies. In order to accommodate local tastes, ice cream brands frequently include these regional elements in their products, which contributes to enhancing the India Ice Cream Market share
Who are the Major Competitors Across the Market?
The underlying forces of any market are molded & influenced by its leading companies. Consumer preferences, competition, market trends, and the ecosystem as a whole are all significantly impacted by their interactions, tactics, and whereabouts. Some of the leading market players are:
- 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 Others
How is the India Ice Cream Market Examined in Terms of Segmentation?
- India Ice-Cream Market Size, By Type (USD Million)
- Impulse Ice Cream
- Single Portion Dairy Ice Cream
- Take-Home Dairy Ice Cream
- Artisanal Ice Cream
- India Ice-Cream Market Size, By Flavor (USD Million)
- Chocolate
- Mango
- Vanilla
- Strawberry
- Butterscotch
- Others
- India Ice-Cream Market Size, By Type of Serving (USD Million)
- Cup
- Stick
- Cone
- Brick
- Others (Sandwich, Tub, etc.)
- India Ice-Cream Market Size, By Sales Channel (USD Million)
- Grocery Retailers
- Hypermarkets/Supermarkets
- Convenience Stores
- Other Grocery Retailers
- Brand Owned Outlets
- Ice Cream Carts
- Online
- India Ice-Cream Market Size, By Region (USD Million)
- North
- South
- West
- East
- North-East
Key Questions Analyzing the India Ice Cream Market Research Report. 2032
- Which are the major companies across the India Ice Cream Market?
- What would be the CAGR of the India Ice Cream Market in the forecast years, 2024-2032?
- How big is the India Ice Cream Market anticipated to be in the upcoming years?
- What market segment will dominate the healthcare staffing industry?
- What changes can we expect to see in market development trends over the next five years?
- What kind of competitive environment does the India Ice Cream Market have?
- Which strategies are most commonly employed in the India Ice Cream Market?
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