The India Ice Cream Market is experiencing rapid growth, driven by increasing consumer demand for frozen treats that offer both indulgence and relief from rising temperatures. Valued at over USD 3 billion in 2023, the India Ice Cream Market is projected to grow at a compound annual growth rate (CAGR) of 13.49% from 2025 to 2030. Contributing factors include long summers and heatwaves, which push consumers towards ice cream as a refreshing option.
Additionally, the rise of e-commerce and quick commerce channels has improved accessibility, fostering a culture of home consumption. The unorganized sector is also thriving, with local entrepreneurs capitalizing on traditional flavors such as kulfi and kalakand, marking a distinct shift in consumer preferences. The India Ice Cream Market is characterized by a diverse product range, including vegan and nutritious options, catering to health-conscious consumers. Emerging trends in the India Ice Cream Market indicate a shift towards innovative flavors and formats, positioning it as a dynamic segment within the broader food and beverage industry.
“India Ice Cream Market Forecast”
- Projected Growth: USD 3 Billion in 2023.
- Consumer Preferences: Continued shifts towards impulse and artisanal ice creams are anticipated to drive sales.
- E-commerce Growth: The rise of quick commerce platforms will enhance at-home consumption rates.
- Health-Conscious Offerings: Increased demand for low-calorie and sugar-free options will expand product lines.
- Regional Expansion: Western India is expected to maintain the leading market share due to its favorable climatic conditions and demographic trends.
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“India Ice Cream Market Trend: Escalating Demand for Vegan Ice Creams Among Customers”
Veganism is a growing trend in the Indian ice cream market, with various brands promoting the sale of vegan ice creams to encourage veganism. Growing environmental awareness supports the cause of going vegan, as the meat industry is one of the biggest reasons for environmental degradation. Moreover, customers are also going vegan to protect animals.
Consequently, due to the rising demand for vegan foods, many startups, such as WhiteCub, Minus 30, etc., have been established to produce vegan ice creams. Furthermore, renowned brands have also been indulging in the production of vegan ice creams. For instance:
‘• In 2021, Baskin Robbins launched their third vegan ice cream flavor, Raspberry Sorbet, after receiving a positive response for their earlier launched vegan ice cream flavors, Mississippi Mud & Alphonso Mango.’
Therefore, the above reasons have led customers to shift towards the consumption of vegan ice creams instead of conventional ice creams.
“Indian Ice Cream Market Competitive Landscape”
The competitive landscape of the India Ice Cream Market is defined by key players engaging in product innovation and strategic partnerships to capture market share. Significant brands include:
- 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
“India Ice Cream Market Recent Development”
- In 2022, Vadilal launched a gourmet natural product line featuring a range of five unique flavors, including Gulab Jamun and Kesar Pista, which reflects the company's commitment to expanding its product offerings with traditional Indian flavors while meeting modern consumer demands.
“Key Takeaways from the India Ice Cream Market Analysis Report”
The India Ice Cream Market is set for robust growth propelled by the increasing average temperatures and evolving consumer preferences. The ongoing shift towards e-commerce and quick commerce is enhancing distribution, while the demand for vegan and healthier ice cream options presents new opportunities. With leading brands innovating their product lines, the India Ice Cream Market is poised for diversification and sustained profitability through 2030.
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“India Ice Cream Market Segmentation”
The India Ice Cream Market can be segmented into:
By Type
> Impulse Ice Cream- Market Size & Forecast 2020-2030, Million Liters
> Single Portion Dairy Ice Cream- Market Size & Forecast 2020-2030, Million Liters
> Take-Home Dairy Ice Cream- Market Size & Forecast 2020-2030, Million Liters
> Artisanal Ice Cream- Market Size & Forecast 2020-2030, Million Liters
By Flavor
> Chocolate- Market Size & Forecast 2020-2030, Million Liters
> Mango- Market Size & Forecast 2020-2030, Million Liters
> Vanilla- Market Size & Forecast 2020-2030, Million Liters
> Strawberry- Market Size & Forecast 2020-2030, Million Liters
> Butterscotch- Market Size & Forecast 2020-2030, Million Liters
> Others- Market Size & Forecast 2020-2030, Million Liters
By Format
> Cup- Market Size & Forecast 2020-2030, Million Liters
> Stick- Market Size & Forecast 2020-2030, Million Liters
> Cone- Market Size & Forecast 2020-2030, Million Liters
> Brick- Market Size & Forecast 2020-2030, Million Liters
> Others (Sandwich, Tub, etc.) - Market Size & Forecast 2020-2030, Million Liters
By Sales Channel
> Grocery Retailers- Market Size & Forecast 2020-2030, Million Liters
> Hypermarkets/Supermarkets- Market Size & Forecast 2020-2030, Million Liters
> Brand Owned Outlets- Market Size & Forecast 2020-2030, Million Liters
> Ice Cream Carts- Market Size & Forecast 2020-2030, Million Liters
> Online- Market Size & Forecast 2020-2030, Million Liters
> Convenience Stores- Market Size & Forecast 2020-2030, Million Liters
> Others- Market Size & Forecast 2020-2030, Million Liters
By Region
> North
> South
> West
> East
> North-East
- Based on Format: Stick & Cup format Hold Major Market Share
Of them, the Stick & Cup format of ice cream held the major market share in the past years as they are easily available even in remote places of India. This is due to the reason that their sales are being majorly done via ice carts. Additionally, stick & cup-format ice cream remains a popular choice for customers of all ages, including the under-18 generations.
- Based on Sales Channel: Cream Carts Dominated the Market
Here, Ice Cream Carts dominated the India Ice Cream market during the past period, owing to the factors such as convenience & easy availability, even in the remote sectors of India. The majority of ice cream demand is impulsive, which is met by access to ice cream carts. As a result of their ability to meet the demand for impulse ice creams, ice cream carts are projected to hold a substantial market share.
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“Frequently Asked Questions (FAQs) on the India Ice Cream Market”
- What is the projected CAGR of the India Ice Cream Market from 2025 to 2030?
- Which types of ice cream are experiencing the highest demand in the India Ice Cream Market?
- How is the growth of e-commerce affecting ice cream consumption in India?
- What challenges do manufacturers face in the India Ice Cream Market?
- Who are the key competitors in the India Ice Cream Market?
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“Other Report:”
- Saudi Arabia Ice Cream Market size was valued at around USD 551.7 million in 2022 and is estimated to grow at a CAGR of about 7.50% during the forecast period, i.e., 2024-29. [Get Free Sample of the Report - https://www.marknteladvisors.com/query/request-sample/saudi-arabia-ice-cream-market.html ]
- GCC Ice Cream Market is estimated to grow at a CAGR of around 6.52% during the forecast period, i.e., 2024-30. [Get Free Sample of the Report - https://www.marknteladvisors.com/query/request-sample/gcc-ice-cream-market.html ]
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