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Report Overview

The India ice cream market reached a value of approximately USD 3.46 Billion in 2024. The market is projected to grow at a CAGR of 15.00% between 2025 and 2034, reaching a value of around USD 14.00 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

  • 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.

  • Havmor, owned by Lotte Confectionery, plans to invest Rs 450 crore over five years starting in 2023 to expand its capacity.

Compound Annual Growth Rate

Value in USD Billion

15%

2025-2034


India Ice Cream Market Outlook

*this image is indicative*

India Ice Cream Market Report Summary Description Value
Base Year USD Billion 2024
Historical Period USD Billion 2018-2024
Forecast Period USD Billion 2025-2034
Market Size 2024 USD Billion 3.46
Market Size 2034 USD Billion 14.00
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 15.00%
CAGR 2025-2034 - Market by Region North India 15.9%
CAGR 2025-2034 - Market by Region West India 15.6%
CAGR 2025-2034 - Market by End Use Retail 17.2%
CAGR 2025-2034 - Market by Distribution Channel Online 17.0%
2024 Market Share by Region South India 23.5%

India Ice Cream Market Growth

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.

Key Trends and Developments

India Ice Cream Market Trends/Drivers

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.

India Ice Cream Market By Segments

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India Ice Cream Market Segments

“India Ice Cream Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

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
CAGR 2025-2034 - Market by End Use
Retail 17.2%
Institutional and HoReCa XX%
CAGR 2025-2034 - Market by Distribution Channel
Online 17.0%
Direct Selling 15.3%
Ice Cream Parlours XX%
Supermarkets and Hypermarkets XX%
Convenience Stores XX%
CAGR 2025-2034 - Market by Region
North India 15.9%
West India 15.6%
East and Central India XX%
South India XX%

India Ice Cream Market Share

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.

2024 Market Share by Region
South India 23.5%
North India XX%
East and Central India XX%
West India XX%

India Ice Cream Market By Region

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Leading Manufacturers in the India Ice Cream Market

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.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

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.

India Ice Cream Market Analysis by Region

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.

Recent Developments

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.

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India Ice Cream Market Report Snapshots

India Ice Cream Market Size

India Ice Cream Market Growth

India Ice Cream Market Trends

India Ice Cream Market Share

India Ice Cream Manufacturers

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.*

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Key Questions Answered in the Report

The market was valued at USD 3.46 Billion in 2024.

The market is projected to grow at a CAGR of 15.00% between 2025 and 2034.

The revenue generated from the Ice cream market is expected to reach USD 14.00 Billion in 2034.

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.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Flavour
  • Packaging Type
  • End Use
  • Distributional Channel
  • Region
Breakup by Type
  • Impulse Ice Cream
  • Take-Home Ice Cream
  • Artisanal Ice Cream
Breakup by Flavour
  • Chocolate
  • Fruit
  • Vanilla
  • Others
Breakup by Packaging Type
  • Cup
  • Stick
  • Cone
  • Brick
  • Others
Breakup by End Use
  • Retail
  • Institutional and HoReCa
Breakup by Distributional Channel
  • Ice Cream Parlours
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online
  • Direct Selling
Breakup by Region
  • North India
  • East and Central India
  • West India
  • South India
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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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