India Ice Cream Market Outlook 2027
India Ice Cream Market Analysis – 2018-2027
In 2017, India was the 8th largest economy in the world based on the purchasing power parity. The country has been consistently growing economically and has driven itself into the upper middle-income status in the past few years. The ice cream market in India is experiencing a significant growth as a result of increasing demand for indulgence treats, improvements in the cold storage facilities of the country accompanied with a rapid rise in middle-class population with higher disposable incomes. The market for ice cream in India is anticipated to grow by a significantly high CAGR of 13.22% over the forecast period, i.e., 2020-2027. The market is further estimated to reach a market value of USD 2,401.68 million by the end of this period.
On the basis of product, the market is segmented into impulse ice cream, take-home ice cream and artisanal ice cream, out of which, the segment for take-home ice creams is anticipated to hold the leading share in the market during the forecast period which can be attributed to the high popularity of this type of ice creams in India. The segment for artisanal ice creams is projected to observe the highest CAGR of 14.10% over the forecast period. Growing number of food bloggers and health enthusiasts is estimated to boost the artisanal ice-creams market.
Based on flavors, ice cream market in India is segmented into chocolate, vanilla, mango, orange, strawberry, butterscotch, blueberry and others. Out of these, the segment for vanilla flavored ice cream is anticipated to hold the largest market share by the end of 2027. Rising ederly population all across the country and with the high demand for traditional and subtle ice-creams flavors by them is anticipated to drive the vanilla flavored ice-cream market growth.
Some of the key industry leaders in the India ice cream market are Hindustan Unilever Limited, AMUL, Vadilal Group, Mother Dairy, Creambell, Havmor, Baskin-Robbins, HAP, Sheetal Icecreams and General Mills.
In 2017, India was the 8th largest economy in the world based on the purchasing power parity. The country has been consistently growing economically and has driven itself into the upper middle-income status in the past few years. The ice cream market in India is experiencing a significant growth as a result of increasing demand for indulgence treats, improvements in the cold storage facilities of the country accompanied with a rapid rise in middle-class population with higher disposable incomes. The market for ice cream in India is anticipated to grow by a significantly high CAGR of 13.22% over the forecast period, i.e., 2020-2027. The market is further estimated to reach a market value of USD 2,401.68 million by the end of this period.
On the basis of product, the market is segmented into impulse ice cream, take-home ice cream and artisanal ice cream, out of which, the segment for take-home ice creams is anticipated to hold the leading share in the market during the forecast period which can be attributed to the high popularity of this type of ice creams in India. The segment for artisanal ice creams is projected to observe the highest CAGR of 14.10% over the forecast period. Growing number of food bloggers and health enthusiasts is estimated to boost the artisanal ice-creams market.
Based on flavors, ice cream market in India is segmented into chocolate, vanilla, mango, orange, strawberry, butterscotch, blueberry and others. Out of these, the segment for vanilla flavored ice cream is anticipated to hold the largest market share by the end of 2027. Rising ederly population all across the country and with the high demand for traditional and subtle ice-creams flavors by them is anticipated to drive the vanilla flavored ice-cream market growth.
Some of the key industry leaders in the India ice cream market are Hindustan Unilever Limited, AMUL, Vadilal Group, Mother Dairy, Creambell, Havmor, Baskin-Robbins, HAP, Sheetal Icecreams and General Mills.
India Ice Cream Market
1. INTRODUCTION
1.1. MARKET DEFINITION
1.2. MARKET SEGMENTATION
1.3. PRODUCT OVERVIEW
2. ASSUMPTIONS AND ACRONYMS
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
MANUFACTURER FRONT
SUPPLIER/DISTRIBUTOR FRONT
END USER FRONT
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
4. EXECUTIVE SUMMARY- INDIA ICE CREAMMARKET
5. ANALYSIS OF MARKET DYNAMICS
5.1. GROWTH DRIVERS
5.2. MAJOR ROADBLOCKS FOR THE MARKET GROWTH
5.3. KEY MARKET OPPORTUNITIES
5.4. KEY TRENDS
6. INDUSTRY RISK ANALYSIS
6.1. DEMAND RISK ANALYSIS
6.2. SUPPLY RISK ANALYSIS
7. REGULATORY LANDSCAPE
8. INDUSTRY ANALYSIS
8.1. ASSESSMENT OF MANUFACTURING PROCESSES OF ICE CREAM
8.1.1. BLENDING
8.1.2. PASTEURIZATION
8.1.3. HOMOGENIZATION
8.1.4. AGING
8.1.5. FREEZING
8.1.6. PACKAGING
8.1.7. OTHERS
8.2. EVALUATION OF ICE CREAM EQUIPMENTS
8.2.1. PASTEURISER
8.2.2.AGEING VAT
8.2.3.FLAVOR TANK
8.2.4.FREEZER
8.2.5. HOMOGENIZER
8.2.6.OTHERS
8.3. LIST OF KEY MANUFACTURING LOCATIONS OF ICECREAM
8.4. KEY MANUFACTURING COMPANIES AND PRODUCTION
9. INDIAICE CREAM MARKET OUTLOOK
9.1. MACROECONOMIC INDICATORS
9.2. MARKET SIZE AND FORECAST, 2018-2027
9.2.1. BY VALUE (USD MILLION)
9.3. INDIAICE CREAM MARKET SEGMENTATION, 2018-2027
9.3.1.BY PRODUCT
IMPULSE ICE CREAM, 2018-2027F (USD MILLION)
TAKE-HOME ICE CREAM, 2018-2027F (USD MILLION)
ARTISANAL ICE CREAM, 2018-2027F (USD MILLION)
9.3.2. BY FLAVORS
CHOCOLATE, 2018-2027F (USD MILLION)
VANILLA, 2018-2027F (USD MILLION)
MANGO, 2018-2027F (USD MILLION)
ORANGE, 2018-2027F (USD MILLION)
STRAWBERRY, 2018-2027F (USD MILLION)
BUTTERSCOTCH, 2018-2027F (USD MILLION)
BLUEBERRY, 2018-2027F (USD MILLION)
OTHERS, 2018-2027F (USD MILLION)
9.3.3. BY DISTRIBUTION CHANNEL
ONLINE, 2018-2027F (USD MILLION)
OFFLINE, 2018-2027F (USD MILLION)
CONVENIENCE STORES, 2018-2027F (USD MILLION)
SPECIALTY STORES, 2018-2027F (USD MILLION)
HYPERMARKET & SUPERMARKET, 2018-2027F (USD MILLION)
OTHERS, 2018-2027F (USD MILLION)
10. COMPETITIVE STRUCTURE
10.1. DETAILED OVERVIEW
10.2. ASSESSMENT OF KEY PRODUCT OFFERINGS
10.3. ANALYSIS OF GROWTH STRATEGIES
10.4. KEY COLLABORATIONS AND JOINT VENTURES
10.5. KEY MERGERS AND ACQUISITIONS
10.6. RECENT NEWS AND DEVELOPMENTS
10.7. KEY CLIENTS AND PARTNERS
10.8. EXHAUSTIVE ANALYSIS ON KEY FINANCIAL INDICATORS
10.9. COMPANY PROFILES OF INDIAICE CREAM MARKET
10.9.1. UNILEVER
10.9.2. AMUL
10.9.3. VADILAL GROUP
10.9.4. MOTHER DAIRY FRUIT & VEGETABLE PVT. LTD.
10.9.5. CREAMBELL
10.9.6. HAVMOR
10.9.7. BASKIN-ROBBINS
10.9.8. HATSUN AGRO PRODUCT LTD.
10.9.9. SHEETAL ICECREAMS
10.9.10. GENERAL MILLS INC.
11. STRATEGIC RECOMMENDATIONS
1. INTRODUCTION
1.1. MARKET DEFINITION
1.2. MARKET SEGMENTATION
1.3. PRODUCT OVERVIEW
2. ASSUMPTIONS AND ACRONYMS
3. RESEARCH METHODOLOGY
3.1. RESEARCH PROCESS
3.2. PRIMARY RESEARCH
MANUFACTURER FRONT
SUPPLIER/DISTRIBUTOR FRONT
END USER FRONT
3.3. SECONDARY RESEARCH
3.4. MARKET SIZE ESTIMATION
4. EXECUTIVE SUMMARY- INDIA ICE CREAMMARKET
5. ANALYSIS OF MARKET DYNAMICS
5.1. GROWTH DRIVERS
5.2. MAJOR ROADBLOCKS FOR THE MARKET GROWTH
5.3. KEY MARKET OPPORTUNITIES
5.4. KEY TRENDS
6. INDUSTRY RISK ANALYSIS
6.1. DEMAND RISK ANALYSIS
6.2. SUPPLY RISK ANALYSIS
7. REGULATORY LANDSCAPE
8. INDUSTRY ANALYSIS
8.1. ASSESSMENT OF MANUFACTURING PROCESSES OF ICE CREAM
8.1.1. BLENDING
8.1.2. PASTEURIZATION
8.1.3. HOMOGENIZATION
8.1.4. AGING
8.1.5. FREEZING
8.1.6. PACKAGING
8.1.7. OTHERS
8.2. EVALUATION OF ICE CREAM EQUIPMENTS
8.2.1. PASTEURISER
8.2.2.AGEING VAT
8.2.3.FLAVOR TANK
8.2.4.FREEZER
8.2.5. HOMOGENIZER
8.2.6.OTHERS
8.3. LIST OF KEY MANUFACTURING LOCATIONS OF ICECREAM
8.4. KEY MANUFACTURING COMPANIES AND PRODUCTION
9. INDIAICE CREAM MARKET OUTLOOK
9.1. MACROECONOMIC INDICATORS
9.2. MARKET SIZE AND FORECAST, 2018-2027
9.2.1. BY VALUE (USD MILLION)
9.3. INDIAICE CREAM MARKET SEGMENTATION, 2018-2027
9.3.1.BY PRODUCT
IMPULSE ICE CREAM, 2018-2027F (USD MILLION)
TAKE-HOME ICE CREAM, 2018-2027F (USD MILLION)
ARTISANAL ICE CREAM, 2018-2027F (USD MILLION)
9.3.2. BY FLAVORS
CHOCOLATE, 2018-2027F (USD MILLION)
VANILLA, 2018-2027F (USD MILLION)
MANGO, 2018-2027F (USD MILLION)
ORANGE, 2018-2027F (USD MILLION)
STRAWBERRY, 2018-2027F (USD MILLION)
BUTTERSCOTCH, 2018-2027F (USD MILLION)
BLUEBERRY, 2018-2027F (USD MILLION)
OTHERS, 2018-2027F (USD MILLION)
9.3.3. BY DISTRIBUTION CHANNEL
ONLINE, 2018-2027F (USD MILLION)
OFFLINE, 2018-2027F (USD MILLION)
CONVENIENCE STORES, 2018-2027F (USD MILLION)
SPECIALTY STORES, 2018-2027F (USD MILLION)
HYPERMARKET & SUPERMARKET, 2018-2027F (USD MILLION)
OTHERS, 2018-2027F (USD MILLION)
10. COMPETITIVE STRUCTURE
10.1. DETAILED OVERVIEW
10.2. ASSESSMENT OF KEY PRODUCT OFFERINGS
10.3. ANALYSIS OF GROWTH STRATEGIES
10.4. KEY COLLABORATIONS AND JOINT VENTURES
10.5. KEY MERGERS AND ACQUISITIONS
10.6. RECENT NEWS AND DEVELOPMENTS
10.7. KEY CLIENTS AND PARTNERS
10.8. EXHAUSTIVE ANALYSIS ON KEY FINANCIAL INDICATORS
10.9. COMPANY PROFILES OF INDIAICE CREAM MARKET
10.9.1. UNILEVER
10.9.2. AMUL
10.9.3. VADILAL GROUP
10.9.4. MOTHER DAIRY FRUIT & VEGETABLE PVT. LTD.
10.9.5. CREAMBELL
10.9.6. HAVMOR
10.9.7. BASKIN-ROBBINS
10.9.8. HATSUN AGRO PRODUCT LTD.
10.9.9. SHEETAL ICECREAMS
10.9.10. GENERAL MILLS INC.
11. STRATEGIC RECOMMENDATIONS
