Comprehensive Research Report: India Ice Cream Market Size, Share and Growth Trends
The India Ice Cream Market is projected to exhibit around 13.49% CAGR during 2023-28. This report is among a new series of comprehensive reports offering valuable statistics on the studied market. This report encompasses the market size, regional market shares, competitor analysis, detailed segmentation of the market, emerging market trends, potential opportunities, and any additional data necessary for thriving in the India Ice Cream industry.
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Industry Driving Factor: India Ice Cream Market Research Report 2023-2028
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.
The growth of e-commerce is primarily driven by quick commerce, mainly due to the perishable nature of this product. There is huge potential for ice creams, as the per capita consumption of the same is low compared with other countries like the US & UK. Quick commerce opens up the opportunity to push the at-home consumption of ice cream.
Furthermore, established brands in India have partnered with quick commerce service providers such as Swiggy, Zomato, Dunzo, and Blinkit. While out-of-home consumption has seen an uptick due to the increase in mobility as restrictions ease, the improving quick commerce provides an avenue for manufacturers to also increase at-home consumption.
Top India Ice Cream Market Companies Analysis: Latest Investment/Development
- 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
The comprehensive research report delves into every essential aspect and advancement within the India Ice Cream market, with a primary focus on prominent market players. The market demonstrates a moderate level of fragmentation, as numerous players hold relatively small market shares, thereby exerting individual influence on the market dynamics.
Additionally, the report offers a wealth of in-depth information about these companies, encompassing their profiles, components, provided services, financial particulars, key developments, and other pertinent details.
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India Ice Cream Market Analysis of Segments, Regions, and Key Parameters
The India Ice Cream Market exhibits a highly fragmented nature, encompassing various segments and geographical regions. These sections provide crucial insights into the opportunities and challenges faced by market players, fluctuations in demand, supply, revenue generation, size, sales, profits, volume, and pricing, among other essential parameters, beneficial for investors. Additionally, stakeholders can gain an overview of external factors influencing the industry's expansion over time.
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
Geographically, the India Ice Cream Market extends across the following:
- North
- South
- West
- East
- North-East
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FAQs about the India Ice Cream Market
Q1: How big is the India Ice Cream Market?
A: The India Ice Cream Market size influenced by several factors, such as industry demand, technological advancements, and economic conditions. For the most up-to-date figures, it is recommended to refer to our recent market research report.
Q2: What is the projected growth rate or CAGR of the India Ice Cream Market during 2023-28?
A: The projected Compound Annual Growth Rate (CAGR) of the India Ice Cream Market for the period 2023-28 is 13.49%. Our market analysts often predict future growth rates based on historical data, market trends, and other relevant factors.
Q4: Who are the prominent players in the India Ice Cream Market?
A: The India Ice Cream Market includes several prominent players, such as 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 Robb, and others. The specific list of prominent players can change over time due to market dynamics and competitive forces.
Q3: What are the major trends or growth opportunities for the key players in the India Ice Cream Market?
A: The leading companies in the India Ice Cream Market can explore various growth opportunities, driven by the latest trends. Staying updated with market trends and consumer preferences is crucial for capitalizing on growth opportunities.
Q5: Which 'segment' seems promising for the India Ice Cream Market growth through 2028?
A: Identifying promising segments in the India Ice Cream Market depends on the specific products or services offered by companies and their target markets. After conducting thorough market research and understanding consumer needs, the most suitable segment has been identified by our analyst.
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