India Ice Cream Market Overview:
According to MarkNtel Advisors study the India Ice Cream Market size was valued above USD 3 Billion in 2023 and is further projected to grow at a CAGR of 13.49% during 2024-30. The market is fuelled by factors such as rising average mean temperatures, long summers and heat waves, and western & modern lifestyles. The key reason for the expected increase in ice cream sales in the forecasting period is the heat waves that swept the country during the summer months when consumers resorted to ice cream for relief from the high temperatures. According to the Indian Meteorological Department (IMD), the average monthly temperature in March 2022 was 33.1°C, the highest in the previous 122 years.
India Ice Cream Market Possible Restraint:
High Capital Requirement for Cold-chain & Transportation Structure – Ice cream is served cold, which poses challenges for brands during ice cream sales. Ice cream requires a temperature range of -18° to -20° to maintain its form, taste, solidity, and texture. Efficient cold-chain management is still lacking in the country, causing branded ice cream companies to lose sales opportunities in areas far from their production center. Furthermore, the problem worsens during the monsoon season, when India’s roads & traffic conditions deteriorate, causing accidents & delays in the shipping & delivery of ice creams. Therefore, the lack of efficient cold-chain infrastructure presents a hurdle for ice cream brands.
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Scope of the India Ice Cream Market Report Segmentation
-By Product Type
-By Type
- Impulse Ice Cream
- Single Portion Dairy Ice Cream
- Take-Home Dairy Ice Cream
- Artisanal Ice Cream
-By Flavor
- Chocolate
- Mango
- Vanilla
- Strawberry
- Butterscotch
- Others
-By Format
- Cup
- Stick
- Cone
- Brick
- Others (Sandwich, Tub, etc.)
By Sales Channel
- Grocery Retailers
- Hypermarkets/Supermarkets
- Convenience Stores
- Other Grocery Retailers
- Brand Owned Outlets
- Ice Cream Carts
- Online
For more detailed information about the India Ice Cream market report, click here – https://www.marknteladvisors.com/research-library/india-ice-cream-market.html
Geographical analysis:
-By Region
- North
- South
- West
- East
- North-East
In recent years, the India Ice Cream market has been evenly distributed across the country. Despite this, the western region of India has a slightly higher market share than the rest of the regions due to a favorable combination of several factors such as population, climate, per capita income, logistics, and ongoing urbanization in states such as Gujarat & Maharashtra.
India Ice Cream Industry Recent Developments
- In 2022: Vadilal launched a gourmet natural product line with five flavors: Gulab Jamun, Alphonso Mango, Kesar Pista, Classic Malai, and Falooda, and two flavors in kulfi: Badam Pista Kesar & Rajwadi, broadening its range of ice creams flavor offerings.
- In 2022: Amul, introduced ice cream Isabcool which was formed with Isabgol, cashew, and fig enticing customers looking for new flavors & healthy ice creams.
Current Landscape of India Ice Cream Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the India Ice Cream market. The research report profiles major players, including
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- 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
- Natural’s
- Nirula’s
- Top’N Town
- Treat Ice Cream
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