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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Ice Cream Market Trends
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 Report Snapshots
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 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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