Weekly Journal

India Ice Cream Market: Global Industry Analysis and Forecast 2029

According to TechSci Research report, “India Ice Cream Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Ice Cream Market stood at USD3.12 billion in 2023 and is anticipated to grow with a CAGR of 13.5% in the forecast period, 2025-2029. The Indian ice cream market has witnessed remarkable growth and transformation over the years. Ice cream, once considered a luxury, has now become a mainstream dessert choice for people of all ages across the country. This transformation is indicative of the changing consumer preferences, increased disposable incomes, and a growing desire for indulgent and diverse food experiences.

The history of ice cream in India dates back to ancient times, where it was made using a mixture of ice and fruits. However, the modern ice cream industry as we know it today began to take shape in the early 20th century, with the introduction of commercial ice cream production. Companies like Vadilal and Kwality emerged during this period and laid the foundation for the organized ice cream market in India.

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One of the distinguishing features of the Indian ice cream market is its wide variety of flavors. While traditional flavors like vanilla, chocolate, and strawberry remain evergreen favorites, consumers have become more adventurous in their choices. Manufacturers have responded by introducing exotic flavors such as paan, kulfi, gulkand, and even regional specialties like rose petal from Kashmir or mango from the southern states. This flavor diversity reflects the cultural richness and diversity of India.

In addition to diverse flavors, ice cream brands have embraced innovation and customization to appeal to a broader customer base. Customization options, such as choosing toppings, syrups, and mix-ins, have become increasingly popular in ice cream parlors. Additionally, the market has seen the rise of specialized ice cream outlets that offer unique creations, such as nitrogen ice cream, vegan options, and gelato.

While indulgence remains a key driver in the ice cream market, there is a growing segment of health-conscious consumers who are looking for healthier alternatives. To cater to this demand, companies have introduced sugar-free, low-fat, and dairy-free options. These products often use natural sweeteners and ingredients, appealing to those who want to enjoy ice cream without compromising on their dietary restrictions or health goals.

Ice cream is available through various distribution channels in India. Traditional ice cream parlors, also known as “scoop shops,” continue to be popular, offering a wide range of flavors and toppings. Additionally, supermarkets and convenience stores stock a variety of packaged ice creams, catering to the at-home consumption market. The emergence of online delivery platforms has further expanded the reach of ice cream brands, allowing consumers to order their favorite treats from the comfort of their homes.

The demand for ice cream in India experiences seasonal fluctuations, with peak consumption occurring during the scorching summer months. To leverage this seasonality, ice cream companies often launch special summer promotions and limited-edition flavors. Moreover, the winter season sees the sale of warm dessert options, such as hot chocolate fudge and sundaes, to keep customers engaged year-round.

Ice cream | Definition, History, & Production | Britannica

Despite its growth, the Indian ice cream market faces several challenges. The cost of cold storage, supply chain logistics, and the need to maintain product quality in a tropical climate can be significant hurdles. Moreover, the pandemic disrupted the supply chain and impacted sales as people stayed indoors to adhere to lockdown measures.

However, these challenges also present opportunities for innovation and growth. Investment in cold chain infrastructure, research and development of products suitable for varying climates, and effective online distribution strategies can help ice cream companies overcome these obstacles.

Understanding consumer preferences and demographics is crucial for success in the Indian ice cream market. India’s young population, with a significant proportion of millennials and Gen Z, is more open to experimentation and willing to try new flavors and concepts. Moreover, the increasing urbanization and rising number of dual-income households have boosted the demand for convenience foods, including ice cream.

The food industry in India is subject to stringent regulations and quality standards to ensure consumer safety. Ice cream manufacturers must adhere to these standards, including labeling requirements, hygiene, and quality control, to maintain consumer trust and comply with regulatory authorities.

India ice cream market is segmented into product type, category, sales channel, and region.

Based on its product type, the market is segmented into cup, stick, cone, brick, tub & others. Among these, cup ice cream has a significant share in the India ice cream market. Cup ice cream offers a high level of convenience. It comes pre-packaged in individual servings, making it easy for consumers to enjoy their favorite ice cream flavors without the need for additional utensils or dishes. This convenience factor is especially appealing to busy urban dwellers and families looking for quick dessert options.

Based on region, the market is segmented into East, West, North, and South. Among these, the North region has a significant share of the India ice cream market. The North region of India is home to a substantial portion of the country’s population. States like Uttar Pradesh, Delhi, Haryana, and Punjab have large urban and semi-urban populations, which contribute significantly to ice cream consumption. The higher population density in these areas creates a substantial consumer base for ice cream products.

Major companies operating in India ice cream market are:

  • Gujarat Co-operative Milk Marketing Federation Ltd
  • Vadilal Industries Ltd
  • Mother Dairy Fruit & Vegetable Pvt Ltd
  • Hindustan Unilever Limited
  • Devyani Food Industries Ltd
  • Dinshaws Dairy Foods Pvt. Ltd
  • Havmor Ice Cream Pvt Ltd
  • Ramani Icecream Company Limited
  • Dairy Classic Ice Creams Pvt. Ltd.
  • General Mills Inc.

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“The India ice cream market has come a long way from its humble beginnings, and its growth trajectory shows no signs of slowing down. With a diverse range of flavors, innovative product offerings, and a consumer base that spans all age groups, ice cream continues to be a beloved dessert choice in India. As companies adapt to changing consumer preferences and overcome logistical challenges, the market is poised for even greater expansion in the coming years. Whether enjoyed in a classic cone, as a trendy nitrogen creation, or as a healthy alternative, ice cream remains a symbol of indulgence and celebration in India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

India Ice Cream Market By Product Type (Cup, Stick, Cone, Brick, Tub & Others), By Category (Artisanal, Impulse, Take-Home, Bulk & Others), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, and Others), By Region, By Competition Forecast & Opportunities, 2019-2029F, has evaluated the future growth potential of India ice cream market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India ice cream market.

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