India Ice Cream Market Achieves USD 3 billion in 2023, Eyes 13.49% CAGR Surge Until 2030

India Ice Cream Market

India Ice Cream Market A Dive from USD 3 billion in 2023/by 2030 | MarkNtel Advisors

MarkNtel Advisors has recently released an all-encompassing report on India Ice Cream Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.

Forecast 2030: Revealing India Ice Cream Market Insights and Analysis

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.

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Market Driver: 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.

A Comprehensive Overview of Geographical Diversity:

the India Ice Cream Market expands across:

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

Explore Full Market Research Report – https://www.marknteladvisors.com/research-library/india-ice-cream-market.html

India Ice Cream Market Segmentation Outline:

  • 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)

Competitive Outlook

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.

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