Analyzing the Potential of the India Ice Cream Market (2024-30): Market Share/Size, Dynamics, Industry Landscape
India Ice Cream Market Research Report by one of the leading firm named MarkNtel Advisors, has been well-curated and comprises of in-depth information regarding the industry. In this exhaustive study, we've extensively researched the market using a robust methodology. We aim to offer stakeholders precise insights into the industry by addressing all potential queries that investors or participants might have.
We've carefully compiled this report to encompass every critical detail, catering to both major & unpretentious elements of the India Ice Cream Market. Our focus extends to factors influencing market growth—spanning historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could greatly shape the industry's orbit in the foreseeable future.
Period Considered to Predict the India Ice Cream Market Share, Size, Or Other Statistics:
Base Year of the Analysis: 2023
Historical Period: 2019 - 2022
Forecast Period: 2024 – 2030
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What is the India Ice Cream Market Size, Share, and Dynamics?
The India Ice Cream Market size was valued above USD 3 Billion in 2023 and is further projected to grow at a CAGR of 13.49% during 2024-30. The market is fueled by factors such as rising average mean temperatures, long summers and heat waves, and western & modern lifestyles. The key reason for the expected increase in ice cream sales in the forecasting period is the heat waves that swept the country during the summer months when consumers resorted to ice cream for relief from the high temperatures. According to the Indian Meteorological Department (IMD), the average monthly temperature in March 2022 was 33.1°C, the highest in the previous 122 years.
Factor Affecting the India Ice Cream Industry Growth?
Growing Developments in Quick Commerce & E-commerce to Drive the Ice Cream Market - Quick commerce and e-commerce have evolved in recent years, allowing customers to consume ice cream in the comfort of their own homes with just a few taps on their smartphones. This ease of use increased ice cream consumption at home. Furthermore, the pandemic influenced customers' consumption of comfort foods such as candy and ice cream. Due to limited mobility and the closure of out-of-home channels, the pandemic also increased ice cream sales via e-commerce. Even after the lockdown was lifted, the habit persisted due to the ease of access and the wide variety of products available online.
Who are the Top India Ice Cream Companies in the Market?
This section endeavors to offer an in-depth comprehension of market dynamics, emphasizing the significant contributions of major companies and their strategies for achieving success & sustenance. Through this segment, clients can acquire beneficial insights into the competitive scenario and the driving forces behind the growth and evolution of the India Ice Cream Industry. Let us get familiar with these leading competitors:
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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Examining the India Ice Cream Market Via Segmentation Analysis
Given the bifurcation in the TOC the India Ice Cream Market is fragmented into several segments, sub-segments, sub-sub-segments, and further. The segmentations are highlighted below:
Type
> Impulse Ice Cream
> Single Portion Dairy Ice Cream
> Take-Home Dairy Ice Cream
> Artisanal Ice Cream
Flavor
> Chocolate
> Mango
> Vanilla
> Strawberry
> Butterscotch
> Others
Format
> Cup
> Stick
> Cone
> Brick
> Others (Sandwich, Tub, etc.)
Sales Channel
> Grocery Retailers
> Hypermarkets/Supermarkets
> Convenience Stores
> Other Grocery Retailers
> Brand Owned Outlets
> Ice Cream Carts
> Online
How is the Market Defined on the basis of the Geographical landscape?
On the geographical front, the India Ice Cream Market expands across:
North America
South America
Europe
Middle East & Africa
Asia-Pacific
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Key Questions Addressed in the India Ice Cream Market Research Report:
What are the emerging trends in the India Ice Cream Market?
What are the growth challenges faced by businesses in the India Ice Cream Industry?
How can companies capitalize on opportunities within the India Ice Cream Industry?
What are the regulatory factors impacting the India Ice Cream Market?
How has the India Ice Cream Market landscape been transforming over time?
Who are the key India Ice Cream Companies in the Market?
What is current India Ice Cream Market size and how much is estimated market growth for the next coming years?
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