India Ice Cream Market Size, Share, Analysis, Trends Future & Forecast 2028

The India Ice Cream Market size was valued above USD 3 Billion in 2022 and is further projected to grow at a CAGR of 13.49% during 2023-28. A comprehensive examination of the India Ice Cream market has been conducted by Markntel Advisors, covering a wide range of facets such as recent developments, trade regulations, import-export analysis, production assessment, alterations in market regulations, optimization of the value chain, and market share.

The report is accurately structured, with sections that are segmented into chapters and further categorized, simplifying navigation and saving valuable time for readers. Furthermore, the India Ice Cream study underscores the significance of domestic and localized market players, emerging opportunities for revenue generation, strategic analysis of market growth, approvals of products, product launches, geographical expansions, and technological innovations.

The primary aim of this report is to provide a comprehensive understanding of the industry, encompassing its characteristics, influencing factors, and elements that may exert an influence on market growth, including potential constraints.

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The India Ice Cream Market exhibits considerable fragmentation, encompassing multiple segments across different geographical regions. These individual segments provide valuable insights into the opportunities and challenges faced by market participants. Furthermore, they illuminate fluctuations in key parameters such as demand, supply, revenue, size, sales, profits, volume, and pricing, which are of great significance to investors. Additionally, stakeholders can gain a comprehensive understanding of the external factors that impact the industry's growth trajectory over time.

What are the specific drivers or factors contributing to the growth of the India Ice Cream Market, and how do they impact consumer behavior and market trends?

Growing Developments in Quick Commerce & E-commerce to Drive the Ice Cream Market

Quick commerce and e-commerce have evolved in recent years, allowing customers to consume ice cream in the comfort of their own homes with just a few taps on their smartphones. This ease of use increased ice cream consumption at home. Furthermore, the pandemic influenced customers' consumption of comfort foods such as candy and ice cream. Due to limited mobility and the closure of out-of-home channels, the pandemic also increased ice cream sales via e-commerce. Even after the lockdown was lifted, the habit persisted due to the ease of access and the wide variety of products available online.

The growth of e-commerce is primarily driven by quick commerce, mainly due to the perishable nature of this product. There is huge potential for ice creams, as the per capita consumption of the same is low compared with other countries like the US & UK. Quick commerce opens up the opportunity to push the at-home consumption of ice cream.

Furthermore, established brands in India have partnered with quick commerce service providers such as Swiggy, Zomato, Dunzo, and Blinkit. While out-of-home consumption has seen an uptick due to the increase in mobility as restrictions ease, the improving quick commerce provides an avenue for manufacturers to also increase at-home consumption.

The India Ice Cream Market is segmented as follows:

-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

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Geographically, the India Ice Cream Market extends across the following regions:

- By Region

-North

-South

-West

-East

-North-East

The report also contains a thorough gathering of important industry players and market contributors, detailing their business strategies, plans, initiatives, financial performance analysis, mergers and acquisitions, product introductions, alterations, and additional relevant information. Notable participants in the India Ice Cream market encompass 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, Others

Inquiries regarding the dimensions, anticipated growth trajectory, noteworthy trends, and prominent entities within the India Ice Cream Market are as follows:

1.What is the extent or size of the India Ice Cream Market at present?

2. What is the projected rate of expansion or CAGR that the India Ice Cream Market is expected to exhibit during the specified time frame of 2023-2028?
3. What noteworthy developments and growth opportunities can be discerned for the primary participants within the India Ice Cream Market?
4. Who are the distinguished and influential players that constitute the landscape of the India Ice Cream Market?
5. Which particular segment displays promising prospects for enterprises engaged in the India Ice Cream Market?

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