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India Ice Cream Market: By Type: Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream; By Flavour: Chocolate, Fruit, Vanilla, Others; By Format; By End Use; By Distributional Channel; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Competitive Landscape; Events and Developments

India Ice Cream Market Outlook

The India ice cream market reached a value of INR 201.4 billion in 2019. The market is further expected to grow at a CAGR of 14% between 2020 and 2025 to reach a value of approximately INR 442 billion by 2025.

Ice cream is currently considered to be one of India's most popular desserts. Due to the prevailing hot and humid climate in the region, as well as the shift in customer food tastes, dessert sales are constantly increasing throughout the region. Maharashtra is one of the largest markets, accounting for almost 15% of the total India ice cream market share. It is being followed by Uttar Pradesh and Gujarat, among other major regions.

 

Properties and Applications

Ice cream refers to a frozen dessert made of milk, sugar, cream, eggs, berries, and flavours. This also includes stabilizers, like gluten, to ensure a smooth texture of the mixture. It is distinguished by a smooth, fluffy texture that is accomplished by rapidly shaking the frozen mixture to prevent the development of large ice crystals. Vanilla, chocolate, raspberry, strawberry, and butterscotch are among the most popular flavourings used in ice cream

The major types in the industry include:

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

Based on flavour, the India ice cream market can be divided as follows:

  • Chocolate
  • Fruit
  • Vanilla
  • Others

The market, on the basis of format, can be segmented into:

  • Cup
  • Stick
  • Cone
  • Brick
  • Others

On the basis of end-uses, the industry is divided into:

  • Retail
  • Institutional

Based on distribution channel, the market can be divided into:

  • General Trade
  • Supermarkets/Hypermarkets
  • Ice Cream Parlours
  • Convenience Stores
  • Online
  • Others

The regional markets included in the market in India are as follows:

  • Karnataka
  • Maharashtra
  • Tamil Nadu
  • Delhi
  • Gujarat
  • Andhra Pradesh and Telangana
  • Uttar Pradesh
  • West Bengal
  • Kerala
  • Haryana
  • Punjab
  • Rajasthan
  • Madhya Pradesh
  • Bihar
  • Odisha
  • Others

 

Market Analysis

India is among the world's largest manufacturers of dairy products, which is a major driver for the India ice cream market. In addition, rapid urbanisation as well as growing per capita income rates, have opened up growth opportunities for the country's premium ice cream variants. Consumers are eager to experiment with new flavours and styles that have led to the introduction of a wide range of products in the market, like sundaes.

In addition, regional and conventional flavour variants are rapidly gaining popularity in the market. The availability of wide range of flavours including exotic Indian flavours like Anjeer, Badam, Kesar, Pista, Nolen Gur, and Rajbhog as well as several kulfi variants like Rabri, Faluda And Matka Kulfi, is driving the market further. In addition, the expansion of online retail channels, offering easy shopping, a wide range of flavours, and a reasonable price point, along with improvements in the infrastructure of the cold chain, also contributes significantly to the development of the industry. Other factors, including the emergence of intense competition between leading domestic and international market players and the launch of gluten-free and vegan variants, are also propelling the growth of the India ice cream market.

The report gives a detailed analysis of the key players in the India ice cream market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Indian Ice Cream Market Snapshot
7    Industry Opportunities and Challenges 
8    India Ice Cream Market Analysis

    8.1    Key Industry Highlights
    8.2    India Ice Cream Historical Market (2015-2019) 
    8.3    India Ice Cream Market Forecast (2020-2025)
    8.4    India Ice Cream Market by Type
        8.4.1    Impulse Ice Cream
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Take-Home Ice Cream
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
        8.4.3    Artisanal Ice Cream
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2015-2019)
            8.4.3.3    Forecast Trend (2020-2025)
    8.5    India Ice Cream Market by Flavour
        8.5.1    Chocolate
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Fruit
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Vanilla
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Others
    8.6    India Ice Cream Market by Format
        8.6.1    Cup
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Stick
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Cone
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Brick
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Others
    8.7    India Ice Cream Market by End Use
        8.7.1    Retail
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2015-2019)
            8.7.1.3    Forecast Trend (2020-2025)
        8.7.2    Institutional
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2015-2019)
            8.7.2.3    Forecast Trend (2020-2025)
    8.8    India Ice Cream Market by Distributional Channel
        8.8.1    General Trade
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2015-2019)
            8.8.1.3    Forecast Trend (2020-2025)
        8.8.2    Supermarkets/Hypermarkets
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2015-2019)
            8.8.2.3    Forecast Trend (2020-2025)
        8.8.3    Ice Cream Parlours
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2015-2019)
            8.8.3.3    Forecast Trend (2020-2025)
        8.8.4    Convenience Stores
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2015-2019)
            8.8.4.3    Forecast Trend (2020-2025)
        8.8.5    Online
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2015-2019)
            8.8.5.3    Forecast Trend (2020-2025)
        8.8.6    Others
    8.9    India Ice Cream Market by States
        8.9.1    Market Share
            8.9.1.1    Karnataka
            8.9.1.2    Maharashtra
            8.9.1.3    Tamil Nadu
            8.9.1.4    Delhi
            8.9.1.5    Gujarat
            8.9.1.6    Andhra Pradesh and Telangana
            8.9.1.7    Uttar Pradesh
            8.9.1.8    West Bengal
            8.9.1.9    Kerala
            8.9.1.10    Haryana
            8.9.1.11    Punjab
            8.9.1.12    Rajasthan
            8.9.1.13    Madhya Pradesh
            8.9.1.14    Bihar
            8.9.1.15    Odisha
            8.9.1.16    Others
9    Regional Analysis
    9.1    Karnataka
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
    9.2    Maharashtra
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025
    9.3    Tamil Nadu
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
    9.4    Delhi
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
    9.5    Gujarat
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
    9.6    Andhra Pradesh and Telangana
        9.6.1    Historical Trend (2015-2019)
        9.6.2    Forecast Trend (2020-2025
    9.7    Uttar Pradesh
        9.7.1    Historical Trend (2015-2019)
        9.7.2    Forecast Trend (2020-2025)
    9.8    West Bengal
        9.8.1    Historical Trend (2015-2019)
        9.8.2    Forecast Trend (2020-2025)
    9.9    Kerala
        9.9.1    Historical Trend (2015-2019)
        9.9.2    Forecast Trend (2020-2025)
    9.10    Haryana
        9.10.1    Historical Trend (2015-2019)
        9.10.2    Forecast Trend (2020-2025
    9.11    Punjab
        9.11.1    Historical Trend (2015-2019)
        9.11.2    Forecast Trend (2020-2025)
    9.12    Rajasthan
        9.12.1    Historical Trend (2015-2019)
        9.12.2    Forecast Trend (2020-2025)
    9.13    Madhya Pradesh
        9.13.1    Historical Trend (2015-2019)
        9.13.2    Forecast Trend (2020-2025)
    9.14    Bihar
        9.14.1    Historical Trend (2015-2019)
        9.14.2    Forecast Trend (2020-2025
    9.15    Odisha
        9.15.1    Historical Trend (2015-2019)
        9.15.2    Forecast Trend (2020-2025)
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price

11    Value Chain Analysis
12    Manufacturing Process

    12.1    Detailed Process Flow
    12.2    Operations Involved
    12.3    Mass Balance
13    Price Analysis
    13.1    Milk Procurement Price Trends
    13.2     Ice Cream Price Trends
14    Project Details, Requirements and Costs Involved
    14.1    Land Requirements and Expenditures
    14.2    Construction Requirements and Expenditures
    14.3    Plant Machinery
    14.4    Machinery Pictures
    14.5    Raw Material Requirements and Expenditures
    14.6    Raw Material and Final Product Pictures
    14.7    Packaging Requirements and Expenditures
    14.8    Transportation Requirements and Expenditures
    14.9    Utility Requirements and Expenditures
    14.10    Manpower Requirements and Expenditures
    14.11    Other Capital Investments
15    Loans and Financial Assistance
16    Project Economics

    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players’ Market Share
    17.3    Company Profiles
        17.3.1    Company Overview
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Financial Summary
        17.3.5    Certifications
18    Events and Developments


List of Figures and Tables

1.    India Ice Cream Market: Key Industry Highlights, 2015 and 2025
2.    India Ice Cream Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    India Ice Cream Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    India Ice Cream Historical Market: Breakup by Flavour (USD Billion), 2015-2019
5.    India Ice Cream Market Forecast: Breakup by Flavour (USD Billion), 2020-2025
6.    India Ice Cream Historical Market: Breakup by Format (USD Billion), 2015-2019
7.    India Ice Cream Market Forecast: Breakup by Format (USD Billion), 2020-2025
8.    India Ice Cream Historical Market: Breakup by End Use (USD Billion), 2015-2019
9.    India Ice Cream Market Forecast: Breakup by End Use (USD Billion), 2020-2025
10.    India Ice Cream Historical Market: Breakup by Distribution Channel (USD Billion), 2015-2019
11.    India Ice Cream Market Forecast: Breakup by Distribution Channel (USD Billion), 2020-2025
12.    India Ice Cream Historical Market: Breakup by States (USD Billion), 2015-2019
13.    India Ice Cream Market Forecast: Breakup by States (USD Billion), 2020-2025
14.    India Ice Cream Market Structure

Key Questions Answered in the Report

The India ice cream market reached a value of INR 201.4 billion in 2019.

The market is projected to grow at a CAGR of nearly 14% in the forecast period of 2020-2025.

The market is estimated to reach a value of about INR 442 billion by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, rapid urbanisation, ease of availability, expanding distribution channels, and the rising competition between the key players.


The availability of a wide range of flavours, as well as the launch of gluten-free and vegan variants, is expected to be a key trend guiding the growth of the industry.

Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Odisha, among others, are the leading regions in the market, with Maharashtra accounting for the largest market share.

The major types can be divided into impulse, take-home, and artisanal ice cream.

The major flavours include chocolate, fruit, and vanilla, among others.

The most significant types of formats of the product in the industry are cup, stick, cone, and brick, among others.

The leading end-use segments for the product are retail and institutional.

The major distribution channels in the industry are general trade, supermarkets/hypermarkets, ice cream parlours, convenience stores, and online, among others.

Analyst Review

The India ice-cream market attained a value of INR 201.4 billion in 2019 driven by the rising urbanisation and increasing diversification of product. Aided by the improvements in the infrastructure of the cold chain, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 14%. The industry is projected to reach INR 442 billion by 2025.

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the market can be segmented into impulse, take-home, and artisanal ice cream. By flavour, the industry can be divided into chocolate, fruit, and vanilla, among others. On the basis of end use, the industry is categorised into retail and institutional. Based on formats, the market can be segmented into cup, stick, cone, and brick, among others. By distribution channels, the market is segmented into general trade, supermarkets/hypermarkets, ice cream parlours, convenience stores, and online, among others. The major regional markets are Karnataka, Maharashtra, Tamil Nadu, Delhi, Gujarat, Andhra Pradesh and Telangana, Uttar Pradesh, West Bengal, Kerala, Haryana, Punjab, Rajasthan, Madhya Pradesh, Bihar, and Odisha, among others, with Maharashtra accounting for the largest share of the market.

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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