Research Nester released a report titled “India Ice Cream Market: Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the India ice cream market in terms of market segmentation by product, by flavour, by distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Ice cream is a dairy or non-dairy based frozen dessert that is flavored with a sweetener, which generally consists of sugar or an alternative flavoring ingredient. The market for ice cream in India is anticipated to grow by a significantly high CAGR of 13.22% over the forecast period, i.e., 2020-2027. The market is further estimated to reach a market value of USD 2,401.68 million by the end of this period. The market is segmented by product, by flavour, by distribution channel and by region, out of which, the product segment is further segmented into impulse ice cream, take-home ice cream and artisanal ice cream. The segment for take-home ice creams is anticipated to hold the leading share in the market during the forecast period as a result of high popularity of this type of ice creams in India. Take-home ice-creams are available in the form of ice-cream bricks and large tubs across the Indian market.
Based on flavors, ice cream market in India is segmented into chocolate, vanilla, mango, orange, strawberry, butterscotch, blueberry and others, out of which, the segment for vanilla flavored ice cream is predicted to hold the largest market share with a market value of USD 708.97 million by the end of 2027. Increasing geriatric population across the country accompanied with their preference for traditional and subtle ice-creams flavors is anticipated to propel the vanilla flavored ice-cream market growth.
Rising Consumption of Ice Cream to Drive the Market Growth
The changing lifestyle patterns along with increasing household income in India play major roles in the growth of ice cream market in the country. The rise in standard of living among the Indian middle-income population is estimated to increase the demand for ice creams. Moreover, rising demand of health-conscious consumers for low-calorie and low-fat ice creams is projected to offer new growth opportunities. However, health concerns associated with excessive sugar intake through ice creams is predicted to be a major restricting factor for the growth of ice creams market in India.
This report also provides the existing competitive scenario of some of the key players of the India ice cream market which includes company profiling of Hindustan Unilever Limited, AMUL, Vadilal Group, Mother Dairy, Creambell, Havmor, Baskin-Robbins, HAP, Sheetal Icecreams and General Mills. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the India ice cream market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.