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