Ice Cream Market in India is Predicted To Grow at a CAGR of 17.4% by 2032

IMARC Group, a leading market research company, has recently releases report titled “Ice Cream Market in India Report by Type (Impulse Ice Cream, Take-Home Ice Cream, Artisanal Ice Cream), Flavor (Chocolate, Fruit, Vanilla, and Others), Format (Cup, Stick, Cone, Brick, and Others), End-User (Retail, Institutional), Distribution Channel (General Trade, Supermarkets/Hypermarkets, Ice cream Parlors, Convenience Stores, Online, and Others), and Region 2024-2032”. The Ice Cream Market in India size reached INR 228.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 956.0 Billion by 2032, exhibiting a growth rate (CAGR) of 17.4% during 2024-2032.

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India Ice Cream Market Trends and Drivers:

Evolving consumer preferences as well as rising disposable incomes are the factors responsible for the growth of India ice cream market. Additionally, the market is propelled by the expanding middle class, which has more purchasing power and a growing appetite for indulgent treats. Besides this, the increasing popularity of premium and artisanal ice creams, which offer unique flavors and high-quality ingredients, is attracting a broad range of consumers. Moreover, there is a notable shift towards healthier options, with consumers seeking out low-fat, sugar-free, and dairy-free alternatives. This trend is prompting manufacturers to innovate and introduce a variety of health-conscious products, catering to the dietary preferences of a more health-aware population.

Another significant trend in the Indian ice cream market is the rapid expansion of distribution channels, particularly the growth of e-commerce and organized retail. In addition to this, online platforms and delivery services are making it easier for consumers to access a wide range of ice cream products from the comfort of their homes, thereby escalating the market. Furthermore, the proliferation of modern retail outlets, including supermarkets and convenience stores, is enhancing product availability and visibility. Marketing strategies that leverage social media and influencer partnerships are also playing a crucial role in driving brand awareness and consumer engagement. In line with this, seasonal promotions and festive-themed flavors are further boosting sales, capitalizing on the cultural significance of food in celebrations, which is anticipated to drive India ice cream market over the forecasted period.

India Ice Cream Market Segmentation:

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 Region:

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

Competitive Landscape:

  • GCMMF (Amul)
  • Kwality Walls
  • Vadilal Group
  • Mother Dairy
  • Hatsun
  • CreamBell

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=777&flag=C

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• 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.

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