India Ice Cream Market Size and Trend Analysis by Categories and Segment, Distribution Channel, Packaging Formats, Market Share, Demographics and Forecast to 2026
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India Ice Cream Market Report Overview
The ice cream market in India was valued at INR160.1 billion ($2.16 billion) in 2021 and is expected to achieve a CAGR of more than 7% during the forecast period. Take-home and bulk ice cream was the largest category in the market both in terms of value and volume.
India Ice Cream Market Overview, 2021-2026 ($Billion)
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The India ice cream market research report provides insights on high growth markets to target, trends in the usage of packaging materials, types and closures category level distribution data and companies market shares.
Market Size 2021 | INR160.1 billion ($2.16 billion) |
CAGR (2021-2026) | >7% |
Key Cities | Mumbai, Delhi, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune, Jaipur and Kochi |
Key Categories | Take-home and bulk ice cream, Impulse ice cream – single serve, and Artisanal ice cream |
Key Distribution Channels | Convenience Stores, Food & Drinks Specialists, Hypermarkets & Supermarkets, Dollar Stores, E-Retailers, and Others |
Key Packaging Materials | Flexible packaging, Paper and board, and Rigid plastics |
Key Players | Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), Unilever, Wells Enterprises, Inc., Devyani Foods Industries Pvt. Ltd., Lotte Co., Ltd., and others |
India Ice Cream Market Segmentation by Cities
The key cities in the India ice cream market are Mumbai, Delhi, Kolkata, Bangalore, Chennai, Hyderabad, Ahmedabad, Pune, Jaipur and Kochi. Mumbai emerged as the largest ice cream market in India in terms of volume, in 2021, followed by Delhi and Kolkata.
India Ice Cream Market Segmentation Analysis by Cities, 2021 (%)
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India Ice cream Market Segmentation by Category
The key categories in the India ice cream market are take-home and bulk ice cream, impulse ice cream – single serve, and artisanal ice cream. Take-home and bulk ice cream was the largest category in terms of per capita consumption in 2021.
India Ice Cream Market Analysis by Categories, 2021 (%)
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India Ice cream Market Segmentation by Distribution Channel
The key distribution channels in the India ice cream market are convenience stores, food & drinks specialists, hypermarkets & supermarkets, dollar stores, e-retailers, and others. Convenience stores was the leading distribution channel in the India ice cream sector in 2021.
India Ice Cream Market Analysis, by Distribution Channel, 2021 (%)
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India Ice cream Market Segmentation by Packaging Material
The key packaging materials in the India ice cream market are flexible packaging, paper and board, and rigid plastics. Flexible packaging was the most used pack material in the India ice cream sector.
India Ice Cream Market Analysis, by Packaging Material, 2021 (%)
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India Ice cream Market - Competitive Landscape
Some of the leading players in the India ice cream market are Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), Unilever, Wells Enterprises, Inc., Devyani Foods Industries Pvt. Ltd., Lotte Co., Ltd., and others. Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) held the highest share of India’s ice cream sector.
India Ice Cream Market Analysis, by Leading Players, 2021 (%)
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Key Highlights
- Per capita consumption of ice cream was lower in India than in the global and regional levels in 2021
- The per capita consumption of take-home and bulk ice cream was higher than other ice cream categories in India in 2021
- Convenience stores is the leading distribution channel in the India ice cream sector
- Private labels are growing at a higher CAGR than brands in the India ice cream sector
- The health & wellness market is led by the take-home and bulk ice cream category in the India ice cream sector
Reasons to Buy
- Identify high potential categories and explore further market opportunities based on detailed value and volume analysis.
- Existing and new players can analyze key distribution channels to identify and evaluate trends and opportunities.
- Gain an understanding of the total competitive landscape based on detailed company share analysis to plan effective market positioning.
- Our team of analysts have placed a significant emphasis on changes expected in the market that will provide a clear picture of the opportunities that can be tapped over the next five years, resulting in revenue expansion.
- The packaging analysis report helps manufacturers, in identifying the most commonly used packaging materials in the sector.
- Analysis on key macro-economic indicators such as real GDP, nominal GDP, consumer price index, household consumption expenditure, population (by age group, gender, rural-urban split, and employed people and unemployment rate. It also includes economic summary of the country along with labor market and demographic trends.
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Frequently asked questions
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What was the India ice cream market size in 2021?
The ice cream market size in India was valued at INR160.1 billion ($2.16 billion) in 2021.
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What is the India ice cream market growth rate?
The ice cream market in India is expected to achieve a CAGR of more than 7% during 2021-2026.
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Which city was leading in the India ice cream market?
Mumbai emerged as the largest ice cream market in India in terms of volume, in 2021, followed by Delhi and Kolkata.
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Which was the leading category in the India ice cream market?
Take-home and bulk ice cream was the largest category in terms of per capita consumption in 2021.
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Which was the dominant distribution channel in the India ice cream market?
Convenience stores was the leading distribution channel in the India ice cream sector in 2021.
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Which was the most preferred packaging material in the India ice cream market?
Flexible packaging was the most used pack material in the India ice cream sector.
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Which are the leading players in the India ice cream market?
Some of the leading players in the India ice cream market are Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF), Unilever, Wells Enterprises, Inc., Devyani Foods Industries Pvt. Ltd., Lotte Co., Ltd., and others.
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