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The India ice cream market reached a value of approximately USD 3.46 billion in 2023. The market is projected to grow at a CAGR of 15% between 2024 and 2032, reaching a value of around USD 12.17 billion by 2032.
India Ice Cream Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 3.46 |
Market Size 2032 | USD Billion | 12.17 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 15.0% |
CAGR 2024-2032 - Market by Region | North India | 15.9% |
CAGR 2024-2032 - Market by Region | West India | 15.6% |
CAGR 2024-2032 - Market by End Use | Retail | 17.2% |
CAGR 2024-2032 - Market by Distribution Channel | Online | 17.0% |
2023 Market Share by Region | South India | 23.5% |
The country produced 230.58 million tonnes of milk in 2022-23, according to the Ministry of Fisheries, Animal Husbandry, and Dairying.
In 2023, Hindustan Unilever reported that Quick Commerce accounted for over 10% of their ice cream business.
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Manufacturers are innovating with diverse toppings and mixings to elevate their products in the ice cream market in India, aiming for a more upscale appeal and broader consumer appeal. The surge in demand for artisanal ice cream mirrors a consumer shift towards distinctive and high-calibre desserts. Crafted with unique flavours, premium components, and traditional techniques, artisanal ice cream caters to those craving an indulgent and authentic frozen treat experience.
Ice cream, a frozen delicacy comprising milk, sugar, cream, eggs, fruits, and flavourings, often incorporates stabilisers like gluten to maintain a velvety consistency. Its hallmark smooth and airy texture is achieved through swift agitation during freezing to prevent the formation of large ice crystals.
INVEST India reports that India has become a leading global producer of fruits, with an array including mango, banana, guava, papaya, sapota, pomegranate, and lime. This abundance, second only to vegetables, is a key driver of the fruit ice cream market. Classic flavours like vanilla, chocolate, raspberry, strawberry, and butterscotch continue to be cherished by ice cream enthusiasts.
Several factors propel the growth of the ice cream market size in India, including its accessibility through diverse distribution channels, the rising demand for healthier options featuring natural ingredients, and the proliferation of ice cream parlours.
Rising disposable incomes, retail and distribution channels, and premium and innovative flavours and health-conscious offerings are impacting the ice cream market trend in India.
April 12, 2024
Havmor, an ice cream brand owned by LOTTE Wellfood Co Ltd, launched new flavours before the summer heatwave, catering to evolving tastes with classic and innovative blends for a delightful experience.
February 17, 2024
NIC Honestly Crafted Ice Creams has introduced its latest offering, NIC Waffle Cones. These crispy cones perfectly complemented NIC's ice creams, maintaining quality through vacuum packing for freshness and crunch.
January 12, 2024
DFIL unveiled INFINO, a premium ice cream brand in India, targeting the expanding market. Teaming up with Liqvd Asia (LA), DFIL orchestrated INFINO's full-scale marketing, presenting a variety of international flavours.
December 23, 2023
Zimero, an ice cream brand, revealed plans to expand its retail presence with new stores in Bengaluru while simultaneously launching online delivery services in Hyderabad and Mumbai.
Rising Disposable Incomes
Rising disposable incomes empower consumers to invest more in luxuries like premium ice cream, driving market growth and fostering a preference for artisanal varieties.
Retail and Distribution Channels
In India, most ice cream sales occur through retail channels like convenience stores, supermarkets, and hypermarkets. Convenience stores lead, while online sales rise via e-commerce and food delivery services.
Premium and Innovative Flavors
Indian consumers increasingly prefer premium ice creams with unique flavours, moving beyond vanilla and chocolate. Flavours like salted caramel, matcha, tiramisu, and exotic fruits are becoming popular, driving innovation.
Health-Conscious Offerings
Rising health awareness drives demand for healthier ice cream options. Consumers seek low-sugar, low-fat, low-calorie, dairy-free, and vegan choices, prompting companies to innovate healthier variants.
Maharashtra, especially cities like Mumbai and Pune, leads India ice cream market share, fuelled by urban disposable incomes and a preference for premium products. Other significant markets include Karnataka, Tamil Nadu, and Gujarat, indicating ice cream's nationwide appeal and boosting the ice cream market growth in India.
Karnataka ranks 11th in national milk production, managed mainly by the Karnataka Milk Federation with 43 chilling centres and 23 processing plants, according to a December 2021 report by the Karnataka State Agricultural Produce Processing & Export Corporation Limited (KAPPEC).
Advances in cold chain logistics and temperature-controlled storage are essential for preserving ice cream quality. Improved distribution networks enable ice cream to reach both urban and rural areas, aiding market expansion.
NABARD's study on India's cold chain infrastructure requires an additional 3.5 million MT of cold storage capacity. Under the Integrated Cold Chain and Value Addition Infrastructure scheme, 376 projects have been approved, with 268 operational.
The Indian ice cream market size is set for significant growth, driven by consumer demand for premium products, innovative flavours, healthier options, and enhanced distribution and retail strategies. The market is expected to expand rapidly, reflecting the dynamic preferences of Indian consumers.
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“India Ice Cream Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Flavour
Market Breakup by Packaging Type
Market Breakup by End Use
CAGR 2024-2032 - Market by | End Use |
Retail | 17.2% |
Institutional and HoReCa | XX% |
Market Breakup by Distributional Channel
CAGR 2024-2032 - Market by | Distribution Channel |
Online | 17.0% |
Direct Selling | 15.3% |
Ice Cream Parlours | XX% |
Supermarkets and Hypermarkets | XX% |
Convenience Stores | XX% |
Market Breakup by Region
CAGR 2024-2032 - Market by | Region |
North India | 15.9% |
West India | 15.6% |
East and Central India | XX% |
South India | XX% |
Take-home ice cream drives India ice cream market growth by offering the convenience of enjoying a treat anytime without visiting an ice cream parlour
This is especially attractive to families and individuals who prefer enjoying ice cream at home. Take-home ice cream, available in larger packages, is cost-effective for regular use and group servings. Supermarkets provide a wide selection to meet diverse dietary needs. Designed for extended storage, it offers convenient, long-term enjoyment at home.
Artisanal ice creams, crafted with high-quality natural ingredients, offer unique flavours that attract premium consumers. Customisation provides bespoke experiences, and healthier, organic options appeal to health-conscious buyers. Supporting local artisans strengthens community ties and boosts local economies.
Chocolate drives market growth due to its versatility as a base for various combinations like chocolate fudge, and brownie, or with additional mix-ins such as nuts, caramel, and fruit.
Chocolate ice cream's broad appeal guarantees steady demand and robust sales across all age demographics. Its adaptability allows for a plethora of enticing variations. Often regarded as a high-end offering, it bolsters profitability and provides emotional gratification and indulgence.
Fruit ice cream, positioned as a healthier choice with authentic fruit ingredients, appeals to health-conscious individuals. Offering a diverse array of both familiar and exotic flavours, it caters to a wide range of palates. Refreshing and wholesome, it aligns with clean eating trends and caters to vegan dietary preferences.
Supermarkets and hypermarkets enhance the distribution channel by offering a convenient shopping experience, enabling customers to buy ice cream along with groceries or household items in one location.
Supermarkets and hypermarkets provide an extensive range of ice cream brands, flavours, and packaging choices to suit various tastes. They are easily accessible in urban and rural regions, allowing for convenient shopping, including bulk purchases for family events, often with competitive pricing and promotional offers, contributing to market expansion.
Ice cream parlours allow for personalised orders, offering a distinct atmosphere for customers to relish freshly crafted ice cream while socialising. They frequently showcase premium, handcrafted flavours, contributing to local connections and convenience in meeting cravings.
2023 Market Share by | Region |
South India | 23.5% |
North India | XX% |
East and Central India | XX% |
West India | XX% |
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The ice cream market leader in India specialises in ice cream and frozen food products.
Gujarat Co-operative Milk Marketing Federation Ltd: Established in 1946, headquartered in Anand, Gujarat, it's India's largest milk cooperative, renowned for marketing dairy products under the popular brand "Amul".
Vadilal Industries Ltd: Founded in 1907, with its headquarters in Ahmedabad, Gujarat, it's a prominent player in the Indian market, specialising in the production of ice cream and frozen desserts.
Mother Dairy Fruit & Vegetable Pvt Ltd: Established in 1974, and headquartered in New Delhi, it's a significant contributor to India's dairy sector, offering a wide range of milk, fruit, and vegetable products.
Hindustan Unilever Limited: Founded in 1933, and headquartered in Mumbai, Maharashtra, it's one of India's largest consumer goods companies, manufacturing and distributing a diverse range of household and personal care products.
Other India ice cream market key players in the competitive landscape are 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. and General Mills Inc. among others.
The northern states, including Delhi, Punjab, Haryana, Uttar Pradesh, and Rajasthan, experience intense summers, leading to increased demand for ice cream. Urban areas here have a higher concentration of ice cream parlours and retail outlets due to dense populations and higher incomes.
In states like Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, and Kerala, where the climate is consistently warm, there is year-round demand for ice cream. However, the popularity of traditional desserts like kulfi in some southern regions may affect the market share of regular ice cream products thus boosting the ice cream industry in India.
Maharashtra and Gujarat play crucial roles in India's ice cream market, with cities like Mumbai, Pune, and Ahmedabad serving as major consumption centres. The purchasing power of urban areas and the preference for premium ice cream varieties drive ice cream sales in India.
States such as West Bengal, Odisha, Bihar, and Jharkhand are experiencing increased ice cream consumption due to growing urban populations and rising incomes. However, the market size in these regions may be relatively smaller due to limited organised retail penetration and lower per capita income.
According to INVEST India, the Pradhan Mantri Kisan Sampada Yojana (PMKSY) focuses on establishing advanced food processing facilities. This initiative is designed as an all-encompassing program that will lead to the development of modern infrastructure and effective supply chain management from the farm gate to retail outlets, enhancing the storage and logistics of ice cream.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Flavour |
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Breakup by Packaging Type |
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Breakup by End Use |
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Breakup by Distributional Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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India Ice Cream Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Ice Cream Market Overview
8.1 Key Industry Highlights
8.2 Global Ice Cream Historical Market (2018-2023)
8.3 Global Ice Cream Market Forecast (2024-2032)
8.4 Global Ice Cream Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 India Ice Cream Market Overview
9.1 Key Industry Highlights
9.2 India Ice Cream Historical Market (2018-2023)
9.3 India Ice Cream Market Forecast (2024-2032)
10 India Ice Cream Market by Type
10.1 Impulse Ice Cream
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Take-Home Ice Cream
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Artisanal Ice Cream
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 India Ice Cream Market by Flavour
11.1 Chocolate
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Fruit
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Vanilla
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 India Ice Cream Market by Packaging Type
12.1 Cup
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Stick
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Cone
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Brick
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 India Ice Cream Market by End Use
13.1 Retail
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Institutional and HoReCa
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 India Ice Cream Market by Distributional Channel
14.1 Ice Cream Parlours
14.1.1 Historical Trend (2018-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Supermarkets and Hypermarkets
14.2.1 Historical Trend (2018-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Convenience Stores
14.3.1 Historical Trend (2018-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Online
14.4.1 Historical Trend (2018-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Direct Selling
14.5.1 Historical Trend (2018-2023)
14.5.2 Forecast Trend (2024-2032)
15 India Ice Cream Market by Region
15.1 North India
15.1.1 Historical Trend (2018-2023)
15.1.2 Forecast Trend (2024-2032)
15.2 East and Central India
15.2.1 Historical Trend (2018-2023)
15.2.2 Forecast Trend (2024-2032)
15.3 West India
15.3.1 Historical Trend (2018-2023)
15.3.2 Forecast Trend (2024-2032)
15.4 South India
15.4.1 Historical Trend (2018-2023)
15.4.2 Forecast Trend (2024-2032)
16 Market Dynamics
16.1 SWOT Analysis
16.1.1 Strengths
16.1.2 Weaknesses
16.1.3 Opportunities
16.1.4 Threats
16.2 Porter’s Five Forces Analysis
16.2.1 Supplier’s Power
16.2.2 Buyer’s Power
16.2.3 Threat of New Entrants
16.2.4 Degree of Rivalry
16.2.5 Threat of Substitutes
16.3 Key Indicators for Demand
16.4 Key Indicators for Price
17 Value Chain Analysis
18 Manufacturing Process
19 Price Analysis
20 Project Details, Requirements and Costs Involved
20.1 Land Requirements and Expenditures
20.2 Construction Requirements and Expenditures
20.3 Plant Machinery
20.4 Raw Material Requirements and Expenditures
20.5 Packaging Requirements and Expenditures
20.6 Transportation Requirements and Expenditures
20.7 Utility Requirements and Expenditures
20.8 Manpower Requirements and Expenditures
20.9 Other Capital Investments
21 Loans and Financial Assistance
22 Project Economics
22.1 Capital Cost of the Project
22.2 Techno-Economic Parameters
22.3 Product Pricing and Margins Across Various Levels of the Supply Chain
22.4 Taxation and Depreciation
22.5 Income Projections
22.6 Expenditure Projections
22.7 Financial Analysis
22.8 Profit Analysis
23 Competitive Landscape
23.1 Market Structure
23.2 Company Profiles
23.2.1 Gujarat Co-operative Milk Marketing Federation Ltd
23.2.1.1 Company Overview
23.2.1.2 Product Portfolio
23.2.1.3 Demographic Reach and Achievements
23.2.1.4 Certifications
23.2.2 Vadilal Industries Ltd
23.2.2.1 Company Overview
23.2.2.2 Product Portfolio
23.2.2.3 Demographic Reach and Achievements
23.2.2.4 Certifications
23.2.3 Mother Dairy Fruit & Vegetable Pvt Ltd
23.2.3.1 Company Overview
23.2.3.2 Product Portfolio
23.2.3.3 Demographic Reach and Achievements
23.2.3.4 Certifications
23.2.4 Hindustan Unilever Limited
23.2.4.1 Company Overview
23.2.4.2 Product Portfolio
23.2.4.3 Demographic Reach and Achievements
23.2.4.4 Certifications
23.2.5 Devyani Food Industries Ltd
23.2.5.1 Company Overview
23.2.5.2 Product Portfolio
23.2.5.3 Demographic Reach and Achievements
23.2.5.4 Certifications
23.2.6 Graviss Foods Pvt Ltd
23.2.6.1 Company Overview
23.2.6.2 Product Portfolio
23.2.6.3 Demographic Reach and Achievements
23.2.6.4 Certifications
23.2.7 Dinshaws Dairy Foods Pvt. Ltd
23.2.7.1 Company Overview
23.2.7.2 Product Portfolio
23.2.7.3 Demographic Reach and Achievements
23.2.7.4 Certifications
23.2.8 Havmor Ice Cream Pvt Ltd
23.2.8.1 Company Overview
23.2.8.2 Product Portfolio
23.2.8.3 Demographic Reach and Achievements
23.2.8.4 Certifications
23.2.9 Ramani Icecream Company Limited
23.2.9.1 Company Overview
23.2.9.2 Product Portfolio
23.2.9.3 Demographic Reach and Achievements
23.2.9.4 Certifications
23.2.10 Dairy Classic Ice Creams Pvt. Ltd.
23.2.10.1 Company Overview
23.2.10.2 Product Portfolio
23.2.10.3 Demographic Reach and Achievements
23.2.10.4 Certifications
23.2.11 General Mills Inc.
23.2.11.1 Company Overview
23.2.11.2 Product Portfolio
23.2.11.3 Demographic Reach and Achievements
23.2.11.4 Certifications
23.2.12 Others
24 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ice Cream Market: Key Industry Highlights, 2018 and 2032
2. India Ice Cream Market: Key Industry Highlights, 2018 and 2032
3. India Ice Cream Historical Market: Breakup by Type (USD Million), 2018-2023
4. India Ice Cream Market Forecast: Breakup by Type (USD Million), 2024-2032
5. India Ice Cream Historical Market: Breakup by Flavour (USD Million), 2018-2023
6. India Ice Cream Market Forecast: Breakup by Flavour (USD Million), 2024-2032
7. India Ice Cream Historical Market: Breakup by Packaging Type (USD Million), 2018-2023
8. India Ice Cream Market Forecast: Breakup by Packaging Type (USD Million), 2024-2032
9. India Ice Cream Historical Market: Breakup by End Use (USD Million), 2018-2023
10. India Ice Cream Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. India Ice Cream Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
12. India Ice Cream Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
13. India Ice Cream Historical Market: Breakup by Region (USD Million), 2018-2023
14. India Ice Cream Market Forecast: Breakup by Region (USD Million), 2024-2032
15. India Ice Cream Market Structure
The market was valued at USD 3.46 billion in 2023.
The market is projected to grow at a CAGR of 15% between 2024 and 2032.
The revenue generated from the Ice cream market is expected to reach USD 12.17 billion in 2032.
Rising disposable incomes, retail and distribution channels, and premium and innovative flavours and health-conscious offerings are the major trends impacting the ice cream market trend in India.
The market is categorised according to the end use, which includes retail, institutional and HoReCa.
The market key players are 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. and General Mills Inc. among others.
The market is broken down into North India, East and Central India, West India, and South India.
North India is the fastest-growing region in the India ice cream market, driven by the higher concentration of ice cream parlours and retail outlets due to dense populations and higher incomes.
The top five companies in the ice cream market are Gujarat Co-operative Milk Marketing Federation Ltd, Vadilal Industries Ltd, Mother Dairy Fruit & Vegetable Pvt Ltd, Hindustan Unilever Limited, and Devyani Food Industries Ltd.
India experiences intense summers, leading to increased demand for ice cream.
Amul is the No 1 ice cream brand in India.
The purchasing power of urban areas and the preference for premium ice cream varieties is increasing which will increase the demand for ice cream.
Cold chain and logistics are the major challenges in the ice cream market.
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