India Ice Cream Market Share Size, and Future Landscape
MarkNtel Advisors, a leading market research company, presents its latest India Ice Cream Market Research Report 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) and other forecasts [2024-2030]. This well-curated report contains in-depth information about the industry. In this comprehensive study, we have meticulously compiled every critical detail, catering to the India Ice Cream Market's major and minor elements. Our focus extends to factors influencing market growth, encompassing historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could significantly shape the industry's trajectory in the foreseeable future.
India Ice Cream Market Insight:
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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Competitive Landscape - India Ice Cream Market
This section provides a comprehensive understanding of market dynamics, highlighting the significant contributions of major companies and their strategies for achieving success and sustainability. By examining the competitive landscape, clients can gain valuable insights into the driving forces behind the growth and evolution of the India Ice Cream Industry. Let's familiarize ourselves with the key players in this competitive landscape: Comb.
India Ice Cream Market Trend
Escalating Demand for Vegan Ice Creams Among Customers - Veganism is a growing trend in the Indian ice cream market, with various brands promoting the sale of vegan ice creams to encourage veganism. Growing environmental awareness supports the cause of going vegan, as the meat industry is one of the biggest reasons for environmental degradation. Moreover, customers are also going vegan to protect animals.
Consequently, due to the rising demand for vegan foods, many startups, such as WhiteCub, Minus 30, etc., have been established to produce vegan ice creams. Furthermore, renowned brands have also been indulging in the production of vegan ice creams. For instance:
- In 2021, Baskin Robbins launched their third vegan ice cream flavor, Raspberry Sorbet, after receiving a positive response for their earlier launched vegan ice cream flavors, Mississippi Mud & Alphonso Mango.
Therefore, the above reasons have led customers to shift towards the consumption of vegan ice creams instead of conventional ice creams.
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Segmentation Summary - India Ice Cream Market
The summary of India Ice Cream market segmentation gives a quick look at different parts of the market. It helps businesses understand what customers like and where they are. By breaking down the market into smaller groups based on things like what people buy and where they live, companies can make better plans to sell their products. This summary is a simple guide to understanding the market better. The segmentations of the market are:
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
Based on Sales Channel: Ice Cream Carts dominated the India Ice Cream market during the past period, owing to the factors such as convenience & easy availability, even in the remote sectors of India. The majority of ice cream demand is impulsive, which is met by access to ice cream carts. As a result of their ability to meet the demand for impulse ice creams, ice cream carts are projected to hold a substantial market share.
Geographical landscape
On the geographical front, the India Ice Cream Market expands across:
- North
- South
- West
- East
- North-East
In recent years, the India Ice Cream market has been evenly distributed across the country. Despite this, the western region of India has a slightly higher market share than the rest of the regions due to a favorable combination of several factors such as population, climate, per capita income, logistics, and ongoing urbanization in states such as Gujarat & Maharashtra.
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Key Questions Addressed in this India Ice Cream Market Report:
- What are the emerging trends in the India Ice Cream Industry?
- What are the growth challenges faced by businesses in the India Ice Cream Industry?
- How can companies capitalize on opportunities within the market of India Ice Cream?
- What are the regulatory factors impacting the growth of the India Ice Cream Market?
- What are some of the top India Ice Cream companies in the market?
- What is the current size of the India Ice Cream Market and how much is it will grow in the next few years?
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