India Ice Cream Market Research Report: Forecast (2021-2026)
By Ice Cream Type (Impulse Ice Cream, Single Portion Dairy Ice Cream, Single Portion Water Ice Cream, Take-Home Ice Cream, Take-Home Dairy Ice Cream), By Sales Channel (Store-Based Retailing, Grocery Retailer, Modern Grocery Retailers, Forecourt Retailers, Hypermarkets, Supermarkets, Food/Drink/Tobacco Specialists, Independent Small Grocers, Other Grocery Retailers, Non-Store Retailing, E-Commerce), By Region (North, South, West, East, North-East), By Company (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.)
Food & Beverages
India Ice Cream Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of India Ice Cream market which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “India Ice Cream Market Analysis, 2021”, the India Ice Cream market is anticipated to grow at a CAGR of 11% during 2021-26F. In 2019, India was one of the major producers of milk which attributed to the huge market of dairy-based products such as chocolates and ice creams. The market for ice cream products in India has majorly been supported by the increasing disposable income, changing lifestyle, surging heat waves in summers, etc. The market is rapidly increasing on an account of the rising demand for dairy-based ice cream products.
Shift Toward dairy-based Ice Cream Products
As in other product categories, the rise in consumer health-awareness is exerting a growing influence on demand in ice cream and frozen desserts. Consumers are increasingly displaying a preference for ice cream options such as natural products that are free from artificial additives and preservatives, and low in sugar. Ice Cream Lab was gaining in popularity by tapping into this trend prior to the outbreak of COVID-19. Health-awareness is an increasingly important focus of new product development in ice cream. The launch of a new range of low-calorie, low-sugar, high-protein ice cream in the Indian market towards the end of the review period. The health trend is also spurring the development of plant-based ice cream, which is being pioneered by Indian regional ice-cream company, Hangyo Ice-Creams Pvt Ltd.
Also, Ice cream products require electricity and refrigeration which has improved in the country due to an increase in electricity production. Owing to all the developments in the country the India Ice Cream Market is expected to grow in the period of 2021-2026. Thus, this is anticipated to drive the growth of the Ice Cream market globally in the near future as revealed by the MarkNtel Advisors’ research report “India Ice Cream Market Analysis, 2021”.
Impact of COVID-19
In 2020, the COVID-19 pandemic affected the Ice Cream Market as COVID-19 lockdown dramatically undermines sales in the impulse ice cream category. Ice cream and frozen desserts see retail value sales fall by 43% in current terms in 2020 to reach INR92 billion, while volumes decline by 46% to 282,800 tonnes.
According to MarkNtel Advisors’, the key players with a considerable market share in the India Ice Cream market include Gujrat Co-operative Milk Marketing Federation Ltd, Mother Dairy Fruit & Vegetable Pvt Ltd, Vadilal Industries Ltd, Haymor Food Pvt Ltd, Punjab State Cooperative Milk Producers Federation Ltd.) Companies are launching new products to gain a competitive advantage in the industry, etc.
Key Questions Answered in the Market Research Report:
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of India Ice Cream Market?
What is the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations in the India Ice Cream Market?
Who are the key competitors or market players and how they perform in India Ice Cream Market based on the competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of the India Ice Cream Market study?
Market Outlook, Segmentation and Statistics:
Impact of COVID-19 on India Ice Cream Market
Market Size & Forecast
By Revenues (USD Million)
By Volume (Volume)
Market Share & Forecast
Impulse Ice Cream
Single Portion Dairy Ice Cream
Single Portion Water Ice Cream
Take-Home Ice Cream
Take-Home Dairy Ice Cream
By Sales Channel
Modern Grocery Retailers
Independent Small Grocers
Other Grocery Retailers
Strategic Factorial Indexing
Competitor Placement in MarkNtel Quadrant
India Ice Cream Market, 2015-2025F (USD Million)
India Ice Cream Market Policies, Regulations by Country, Standards
India Ice Cream Market Trends
India Ice Cream Market Drivers, Challenges, Opportunities, Success Factors
India Competition Outlook
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on India Ice Cream Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of the India Ice Cream Market during 2021-26?
A. The India Ice Cream Market is forecast to grow at a CAGR of 11% during 2021-26.
Q. Who are the key competitors or players operating in India Ice Cream Market?
A. 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.), are few of the leading players in the India Ice Cream Market.
Q. Which types segment would emerge as an opportunity area for players in India Ice Cream Market?
A. Impulse Ice cream is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which sales channel would emerge as an opportunity area for players in India Ice Cream Market?
A. Grocery retailers continue to grow at a highest CAGR, presenting immense opportunities for market players of India Ice Cream Market.
Impact of COVID-19 on India Ice Cream
India Ice Cream Market Outlook, 2016-2026F (USD Million)
Market Size & Analysis
Revenues (USD Million)
Market Share & Analysis
Impulse Ice Cream Market Outlook, 2016-2026F
Revenues (USD Million)
Volume (Million Litres)
Single Portion Dairy Ice Cream Market Outlook, 2016-2026F
Revenues (USD Million)
Volume (Million Litres)
Single Portion Water Ice Cream Market Outlook, 2016-2026F