인도의 아이스크림 시장은 2025-2032년의 예측 기간 동안 CAGR 14.79%를 기록할 것으로 예상되며, 2024년 시장 규모는 36억 8,000만 달러로 평가되었습니다. 인구 증가, 특히 Z세대 및 밀레니얼 세대 증가로 인한 유기/비건 제품의 선호도 증가, 겨울철에도 아이스크림 소비량 증가, 독특하고 계절감 있는 풍미 아이스크림 수요 증가로 시장은 2032년도까지 111억 1,000만 달러에 달할 것으로 추정됩니다. 인도의 전통적인 풍미를 포함한 다양한 풍미를 사용할 수 있고, 동물 보호에 대한 의식이 높아져 채식주의 제품으로의 전환으로 이어지는 것도 산업 발전에 크게 기여합니다.
아이스크림 시장에는 임펄스 아이스크림, 테이크아웃 아이스크림, 장인 수제 아이스크림 등 다양한 제품이 있습니다. 인도의 1인당 아이스크림 소비량은 연간 400ml입니다. 전자상거래를 포함한 신속한 택배 동향과 많은 새로운 시대의 기술 진보도 대망의 업계 성장을 추진하고 있습니다.
위에 언급된 회사는 시장 점유율에 따른 순위를 보유하지 않으며 조사 작업 중 이용 가능한 정보에 따라 변경될 수 있습니다.
India Ice Cream Market will witness a CAGR of 14.79% during the forecast period FY2025-FY2032 and is valued at USD 3.68 billion in FY2024. The market is expected to reach USD 11.11 billion by FY2032F due to the rise in population especially of generation Z and millennials which has led to an increased preference of organic/vegan products, rising consumption of ice creams even during winters and increasing demand for unique and seasonal flavoured ice creams. The availability of diverse range of flavours including traditional Indian flavours and rising awareness towards animal protection leading to a shift towards vegan products contribute remarkably to the progress of the industry.
The ice cream market has a varied range of products such as impulse ice cream, take-home ice cream and artisanal ice cream. The per capita consumption of ice creams in India is 400 ml per annum. The quick door-step deliveries trends including e-commerce, and many new-age technological advancements have also driven the much-anticipated growth of the industry.
Launch of Health and Wellness Products Drive the India Market Growth
The launch of health and wellness products is a foremost driver for India Ice Cream market growth in the forecast period. With the significant rise in awareness concerning healthy living and the growing prevalence of lifestyle diseases, consumers are becoming more aware of their dietary choices. This move in consumer preferences is motivating companies to introduce and innovate a wide range of healthy products. From low-calorie snacks and sugar-free beverages to plant-based proteins and fortified foods, these products cater to the increasing requirement for healthier choices. In addition, the accessibility of these products in convenient formats and different price points makes them accessible to the wider audience, further fostering the India IceCream Market growth in the forecast period. Furthermore, companies in the market are introducing organic ice cream to expand their market presence and address the growing demand from health consciousness consumers.
For instance, in October 2024, RS Business Ventures LLP (Iceberg Ice Cream) announced expansion plans by launching a Premium Brand, 'Organic Creamery,' which will carry a legacy of health-friendly products and address the rising demand for healthy ice cream from consumers.
Seasonal Flavours and Artisanal Ice Creams Become a New Trend
Ice cream market consumers are quite experimental and are ready to try new flavours and styles. Introduction to premium ice cream variants and flavours especially the seasonal ones like mango, litchi is higher in demand during summers in India. There are a few artisanal ice cream brands in India which are offering such unique flavours to become a consumer favourite.
For example, Naturals, a leading artisanal ice cream brand in India is known for its signature flavours such as Sitaphal, Tender Coconut and Black Grapes. The brand uses only three ingredients in its products namely fresh fruits or dry fruits with milk and sugar that make the ice cream a highly preferred choice by a large population in the country. Naturals Ice Cream plans to expand its reach to South and West part of India and is planning to come up with 250+ more stores in next two years.
Vegan And Sugar Free Ice Creams Gaining Traction
According to World Health Organization, 77 million people of 18+ years of age are diabetic and more than 60% of the Indian population is lactose intolerant. Ice cream companies have been continuously making efforts to tap the market potential by introducing plant based and sugar free ice creams. In September 2022, Basin Robins introduced Vegan Vanilla and Vegan Mississippi Mud especially for consumers who are allergic to dairy or are vegan by choice.
Eastern India remains a prominent market for Ice creams owing to conducive weather, all year
East India has 12 months of favourable weather for the ice cream market, unlike the north of India, where the ice cream sales depend largely upon the temperature. Electricity is a primary need to maintain ice cream's texture and taste. Earlier there were many powers related issues in Eastern part of India but with the current scenario, the situation has become much better with improved road connectivity and power sector which is likely to open opportunities for ice cream business to trigger in this region. Eastern India has lesser electricity disruptions now which has now enhanced the efforts of ice cream companies, traders, and dealers to conserve the product's shelf life and transport ice cream in its original shape and size.
Reasonably Priced Products
Price can never be ignored whenever any purchase decision is to be made. In ice cream industry too, price of the product is an important factor to be considered by the consumer. Charging a reasonable price for the ice creams act as a growth propeller for the leading companies in this market. As the temperature soars high, ice cream manufacturers grab the opportunity to enhance the supply of their products in the market at reasonable prices. Amul is the market leader in Indian ice cream market if the market share is taken into consideration. But few years back, Amul and HUL were running almost neck-to-neck. HUL couldn't compete with the low-priced offerings by Amul, which consequently
led to Amul being the market leader by grabbing most of the market share.
Impact of COVID-19 on the India Ice Cream Market
The ice cream market encountered challenges in the early period of the COVID-19 pandemic, presenting a changed market scenario in terms of demand and supply. Ice cream being considered as a non-essential commodity faced a meltdown during pandemic. Just when the ice cream season was about to begin, the world was hit by the COVID-19.
Many producers and cooperatives had to forcibly exit the marketplace due to unavailability or non-affordability of the facility requirements during the initial phase of the pandemic as there was neither any production of ice creams nor its transportation during the initial moths. As per many industrialists, it was going to be washout year for the ice cream market players, but in the month of June 2020, the market quickly picked up. As an after effect of Covid-19, the purchase pattern of the consumers has shifted more towards online purchases due to enforced policies of lockdown and no-touch point sales. Several market players recognise that food safety has fuelled a growing preference among consumers for packaged and branded goods.
Impact of Russia-Ukraine War on India Ice Cream Market
The ice cream market in India observed a negative impact of the prolonged war between Russia and Ukraine directly impacting the shipments of raw materials (dairy goods) to manufacture the non-vegan regular products. Consequently, Indian suppliers surged the costs of the final goods sold. This led to a change in the ice cream market landscape since the market leaders were left with very limited options.
Key Players Landscape and Outlook
The market is characterised by the timely emergence of a few significant small- to medium-sized local firms, catering to niche markets, in addition to the major players. The key players are emerging in the market as the awareness for product is increasing gradually. Apart from this, several ice cream companies are focussing on expansion by coming up with a greater number of outlets to reach every corner of the country.
Graviss Foods, franchise partner for Baskin Robins in India, is planning to open 100 more outlets in FY2024 including franchisees and company owned outlets.
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work