Ice Cream Market In India to reach INR 508.4 Billion by 2028 With a (CAGR) of 17.5% | IMARC Group

According to IMARC Group’s latest report, titled “Ice Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The ice cream market in India size reached INR 194.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 508.4 Billion by 2028, exhibiting a growth rate (CAGR) of 17.5% during 2023-2028.

Ice cream is a frozen dessert that is highly popular and liked by people of all ages. It is made by mixing cream, sugar, and flavorings, such as fruits, chocolate, or nuts, and freezing the mixture to create a smooth, creamy texture. The resulting dessert is a refreshing treat that is perfect for hot summer days but can also be appreciated any time of the year. There are several various varieties of ice cream available, each with its own unique texture and flavor. Some popular flavors include vanilla, chocolate, strawberry, and mint chocolate chip, but there are also more exotic flavors like matcha green tea, lavender, and even beer-flavored ice cream. In addition to traditional ice cream, there are also non-dairy options like sorbet and vegan ice cream, which are made with alternative ingredients like coconut milk or soy milk. Ice cream is a kind of dessert that can be enjoyed on its own, or used as a topping for other desserts like cakes or pies. It is also a popular ingredient in milkshakes and smoothies and can be used to make a variety of delicious treats, such as ice cream sandwiches, sundaes, and banana splits.

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Ice Cream market in India Growth and Development:

The increase in the demand for premium ice cream brands that offer unique flavors and high-quality ingredients represents one of the key factors driving the market growth across India. In line with this, the rise in the demand for innovative and unique ice creams flavors, such as Masala Chai, Kulfi, and Mango Lassi, is contributing to the growth of the market. The market is also driven by an increase in the number of ice cream parlors, kiosks, and other retail outlets, especially in urban areas, that offer a wide range of product variants to choose from at affordable price points. In addition to this, the availability of small single-serve packs is making ice cream more affordable and accessible to a wider range of consumers, which is facilitating the growth of the market. Single-serve packs also cater to the health consciousness consumers who are seeking to indulge in delicacies but within the restricted calorie limit. Apart from this, the rising focus of ice cream manufacturers and retailers on seasonal promotions, discounts, and product launches is contributing to the growth of the market. Other factors, such as rising disposable income, changing consumer tastes and preferences, improvement in storage conditions of frozen products, and rapid urbanization, are creating a positive outlook for the market across the country.


Ice Cream market in India 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the Ice Cream market in India has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • GCMMF
  • Kwality Walls
  • Vadilal
  • Mother Dairy
  • Hatsun
  • Cream Bell

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Key Market Segmentation:

The report has segmented the Ice Cream market in India based on type, flavor, format, end-user, distribution channel and region.

Breakup by Type

  • Impulse Ice Cream
  • Take-Home Ice Cream
  • Artisanal Ice Cream

Breakup by Flavor

  • Chocolate
  • Fruit
  • Vanilla
  • Others

Breakup by Format

  • Cup
  • Stick
  • Cone
  • Brick
  • Others

Breakup by End-User

  • Retail
  • Institutional

Breakup by Distribution Channel

  • General Trade
  • Supermarkets/Hypermarkets
  • Ice cream Parlors
  • Convenience Stores
  • Online
  • Others

Breakup by Regions:

  • Maharashtra
  • Uttar Pradesh
  • Andhra Pradesh
  • Tamil Nadu
  • Gujarat
  • Rajasthan
  • Karnataka
  • Madhya Pradesh
  • West Bengal
  • Bihar
  • Delhi
  • Kerala
  • Punjab
  • Odisha
  • Haryana

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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