India Ice Cream Market Insights:

The India Ice Cream Market size was valued above USD 3 Billion in 2022 and is further projected to grow at a CAGR of 13.49% during 2023-28. The market is fueled by factors such as rising average mean temperatures, long summers and heat waves, and western & modern lifestyles.

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India Ice Cream Market Definition:

Ice cream is a frozen treat made from milk, cream, sugar, and occasionally other ingredients. In addition to milk or cream, ice cream frequently contains stabilizers such as gluten to help keep the mixture's texture consistent. Since refrigeration has become widespread, this treat has only recently become more widely available. In recent years, frozen custard, frozen yogurt, and even non-dairy ice cream versions have gained popularity as a result of ice cream's surge in popularity. Moreover, the Indian ice cream market is expected to grow rapidly in the coming years due to its increasing popularity.

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Possible Restraint: High Capital Requirement for Cold-chain & Transportation Structure

Ice cream is served cold, which poses challenges for brands during ice cream sales. Ice cream requires a temperature range of -18° to -20° to maintain its form, taste, solidity, and texture. Efficient cold-chain management is still lacking in the country, causing branded ice cream companies to lose sales opportunities in areas far from their production center. Furthermore, the problem worsens during the monsoon season, when India's roads & traffic conditions deteriorate, causing accidents & delays in the shipping & delivery of ice creams. Therefore, the lack of efficient cold-chain infrastructure presents a hurdle for ice cream brands. 

India Ice Cream Market Segmentation:

-By Type

  • Impulse Ice Cream
  • Single Portion Dairy Ice Cream
  • Take-Home Dairy Ice Cream
  • Artisanal Ice Cream

-By Flavor

  • Chocolate
  • Mango
  • Vanilla
  • Strawberry
  • Butterscotch
  • Others

-By Format

  • Cup
  • Stick
  • Cone
  • Brick
  • Others (Sandwich, Tub, etc.)

-By Sales Channel

  • Grocery Retailers
  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Other Grocery Retailers
  • Brand Owned Outlets
  • Ice Cream Carts
  • Online

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India Ice Cream Market Geographically Analysis:

-By Region

  • North
  • South
  • West
  • East
  • North-East

India Ice Cream Leading Companies:

  • 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

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