India Ice Cream Market Report and Forecast 2032

India Ice Cream Market Insights & Analysis

The India Ice Cream Market was USD 220 Billion in 2023 and is anticipated to register a CAGR of around 14.5% during the forecast period, i.e., 2024-32. The rising middle-class population, increased disposable income, shifting consumer preferences, and growing urbanization all contributed to the rising market demand. The industry is flexible, with steady needs throughout the year and a noticeable uptick in the sweltering summer months. As per the projections, the market would likely continue to expand rapidly in the coming years due to customers’ heightened indulgence in frozen desserts.

The vast range of the industry & broad variety of flavors available for the customers, ranging from traditional chocolate to vanilla to distinctive regional options like saffron & rose. To keep customers attracted & involved, ice cream companies also constantly innovate by releasing limited-edition flavors, fusion concoctions, and partnerships with other food & beverage companies. Moreover, popularly known as iced cream, this relishing dessert is made with milk, sugar, cream, and several other additional ingredients that are frozen using certain methods to produce a smooth, creamy texture. Stabilizers like plant-based gums & gluten are typically added to give the mixture a uniform texture.

India Ice Cream Market FY32

• Study Period: 2020- 2032


• Base Year: 2024


• CAGR(2024-2032): 14.5%


• Market Value YYYY: USD 220 Billion


• Major Players: Gujrat Co-operative Milk Marketing Federation Ltd, Hindustan Unilever Ltd, Devyani Food Industries Pvt Ltd, Hatsun Agro Products Ltd, Mother Dairy Fruit & Vegetable Pvt Ltd, and Others 

Additionally, whey & casein, two milk proteins found in ice cream, absorb water & form micelles to enhance the consistency of the final product. Common ice cream flavors include chocolate, butterscotch, strawberry, and vanilla are the most popular flavors in the India Ice Cream Industry, which come in a variety of price ranges. Besides, the Ice Cream Market in India has grown tremendously due to the burgeoning e-commerce & the quick rise of Q-commerce across the country. Consumers gain from effective Q-commerce as it allows them to purchase ice cream with just a button click. Also, the nation’s top ice cream brands, like Natural’s, Keventers, Kwality Wall’s, Giani, etc., have introduced exotic flavors of ice cream, like tropical fruits, betel leaf, Belgian chocolate, and many more, enticing consumers & increasing the India Ice Cream Market sales.

Furthermore, high-end ice cream sales have increased significantly, as a result of growing disposable income and a change in the nation’s lifestyle, and this trend is anticipated to continue in the coming years. The diversification of Q-commerce in India, the expansion of the unorganized sector, and the constant efforts of ice creams in a range of flavors are predicted to propel the growth of the India Ice Cream Market over the future years.

India Ice Cream Market Dynamics

• High Seasonal Demand & Cultural Traditions to Drive the Industry Growth

The distinct fusion of India’s weather patterns & cultural customs has greatly aided in the ice cream industry’s expansion. The hot months of the year in India result in a notable increase in ice cream consumption due to the country’s intense summer season. Ice cream serves as more than simply a dessert, it’s a way to stay cool & escape the heat. Manufacturers produce summer-specific products, run promotions, and marketing efforts in response to this seasonal demand. Also, numerous festivals & celebrations, involving the ingestion of sweets & desserts like ice cream, are trademarks of India’s rich cultural environment.

Moreover, ice cream’s appeal has increased as a result of its widespread use during these festive occasions, such as Diwali, Holi, and others. The variety of Indian cultures is reflected in their tastes for desserts. Each region of the country has its traditional frozen dessert, such as falooda in the West and kulfi in the North, among other regional delicacies. In order to accommodate local tastes, ice cream brands frequently include these regional elements in their products, which contributes to enhancing the India Ice Cream Market share

• Greater Capital Required for Cold-chain & Transportation Systems to Impede the Market Growth

Brands face difficulties during ice cream sales as it is served cold. To maintain the temperature, and keep its shape, flavor, solidity, and texture, ice cream has to be between -18 to -20 Celsius degrees. Several branded ice cream companies are losing out on market sales potential in locations distant from their production hub due to the country’s continued lack of efficient cold-chain management. Additionally, during India’s monsoon season, when roads & traffic conditions deteriorate, the situation gets more severe, leading to accidents & delays in the shipping & distribution of ice cream. Thus, owing to this, ice cream companies face a challenge from inadequate cold-chain infrastructure, further hindering the India Ice Cream Market.

• Mounting Trend for Vegan Ice Cream to Transform the Indian Market

The growing rate of environmentally conscious & health-sensitive customers is driving the demand for vegan ice creams in the India Ice Cream Market. The requirement for plant-based alternatives free of dairy has increased as more people switch to plant-based diets for moral, health, and environmental reasons. Almond, soy, or coconut milk are the common ingredients in vegan ice creams, which are well-suited for people suffering from lactose intolerance as well as others looking for cruelty-free products.

Furthermore, in line with the rising consumer demand the producers are seeking opportunities and offering a wide variety of vegan ice creams. Also, with the growing veganism in metropolitan cities and the impact of international cuisine trends, vegan ice creams are flourishing, further creating profitable opportunities for the India Ice Cream Market in the future years.

India Ice Cream Market Segment-wise Analysis

By Flavors:

• Chocolate
• Fruit
• Vanilla
• Others

The Vanilla flavor captured the largest revenue share of the India Ice Cream Market over the past years. When combined with other flavors & toppings, mix-ins, and sauces, the vanilla taste enhances the taste of the overall dish or ice cream. Vanilla couples well with a variety of different flavors & components owing to its delicate & light texture. Moreover, vanilla ice cream is made more appealing by the ability for customers to add fruits, nuts, chocolates, syrups, and other toppings to customize their purchase. Also, recipes & homemade delicacies use vanilla as an ingredient. Further, the popularity of vanilla flavor & great preference as an ice cream flavor among the people of the country is infusing its demand.

By Format:

• Cup
• Stick
• Cone
• Brick
• Others (Sandwich, Tub, etc.)

Both Stick & Cup segments lead the India Ice Cream Market. Customers of all ages, including those under the age of 18, continue to favor the stick- and cup-format ice cream. Additionally, observing that urban consumers want both novel flavor & convenience, a number of major companies, such as Amul, Kwality Wall’s, and others, have introduced new flavored ice cream products in stick & cup format at a competitive pricing. Thus, throughout the projected period, the India Ice Cream Market is presumed to be driven by rising consumer preferences for hybrid flavored ice creams in stick & cone shapes.

What Does Our India Ice Cream Market Research Study Entail?

• India Ice Cream Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
• The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
• India Ice Cream Market Research Report entails details about the most critical shifts in market share in the prominent regions.
• Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.