India Ice Cream Market Sees 15-20% YoY Growth, States SRI in Its Insightful Report Recently Published at MarketPublishers.com
13 Jun 2017 • by Natalie Aster
LONDON – In 2014, China excelled the USA as the biggest ice cream market worldwide. In 2015, the USA, Australia, New Zealand, Belgium and Denmark led the world’s ice cream market with respect to consumption.
India’s ice cream industry represents the most rapidly growing segment of the overall dairy and food processing industry. To date, the country’s ice cream sector is valued at more than INR 4,000 crores, and is expanding at a pace of 15-20% YoY; by 2019, the market value is projected to reach close to INR 6,198 crores. India has a low per-capita ice cream consumption at 400 ml versus per-capita consumption of the product of 22,000 ml in the USA and 3,000 ml in China. With the improving freezer chain infrastructure in India alongside the increasing levels of disposable income and lifestyle changes, the sector holds high growth potential.
In India, the ice cream industry is primarily regional, with a diversity of brands focusing on merely one or two districts or even only one state. There exist very few local brands, and the key reason lying behind slow growth of the smaller industry players is high levels of perishability of ice cream products.
Vadilal Industries, Amul (Gujarat Cooperative Milk Marketing Federation), Mother Dairy, Nestle, Hindustan Unilever, London Dairyalong and General Mills, among others, are the leading players in the marketplace.
In-demand research report “A Study of India's Ice Cream Market 2017” created by Smart Research Insights (SRI) is aimed at examining and assessing the current situation in the market globally and on a national scale.
The global market analysis is carried out with respect to market performance and key statistics, emerging trends and driving factors, market outlook, etc. The report further focuses on an insightful and unbiased assessment of the market for ice cream in India, covering current Market Performance and offering statistical data, giving a granular SWOT analysis of the market, limelighting emerging trends and drivers, and including industry forecasts. The market is also segmented by products. It canvasses the competitive scenario and provides detailed profiles of the dominant players. The study includes market size forecasts for the global and national markets.
Many other in-demand research reports drawn up by this publisher are available here.