The Ice Cream market in India is mostly supported by the seasonal demand in summers. The dairy-based ice-cream market in India has mostly grown due to increased spending of customers with changing lifestyle as well as the wide range of availability of dairy-based ice creams on small stores and dairy stores. The Ice cream market in India has also seen a rise due to the increasing phenomenon of heat waves which attributed to the burgeoning demand for ice cream.
According to MarkNtel Advisors’ research report “India Ice Cream Market Analysis, 2021”, the market is anticipated to grow at a CAGR of around 11% during 2021-26. Based on type, the Take Home Dairy ice cream market acquired a significant market share in 2020. The demand for dairy-based ice cream in the country is growing at a promising rate due to increased usage of milk & milk related products and natural inclination for healthier products.
“India Ice Cream Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Ice Cream providers across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Take-Home Dairy Ice Cream showed substantial growth
The take-home dairy ice cream has shown considerable growth in the period of 2016-2019. The take-home and home delivery options have been growing in the country due to the ease of availability and convenient cost of saving on bulk purchasing for taking home. Thus, it is projected to surge the demand for the take-home dairy ice cream market in the forthcoming period as stated in MarkNtel Advisors’ research report “India Ice Cream Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the India Ice Cream market are Gujrat Co-operative Milk Marketing Federation Ltd, Hindustan Unilever Ltd, Devyani Food Industries Pvt Ltd, Hatsun Agro Products Ltd, Mother Dairy Fruit & Vegetable Pvt Ltd, Vadilal Industries Ltd, Haymor Food Pvt Ltd, Dairy Classic Ice Cream Pvt Ltd, Punjab State Cooperative Milk Producers Federation Ltd. etc.
Key questions answered in the study: