Rising Popularity of frozen Desert is Proliferating India Ice Cream Market Growth
India was one of the major producers of milk which attributed to the huge market of dairy based products such as chocolates and ice creams.
According to MarkNtel Advisors' research report "India Ice Cream Market Analysis, 2021", the India Ice Cream market is anticipated to grow at a CAGR of 11% during 2021-26. The COVID-19 outbreak has negative influence on the ice-cream market due to lockdown imposition, thus this impacted the manufacturing and transportation of ice cream in the country. The demand for ice-cream witnessed a significant fall during the peak season i.e., February to June. The shutdown of restaurant and increasing fear among consumer about COVID-19 has decreased the growth of the market. However, the market is started to gain pace and the demand for ice-cream is anticipated to propel in the forthcoming timeline.
"India Ice Cream Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Ice Cream providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
West Region Acquired Significant Market Share
West region acquired the significant market share in the India Ice-Cream market in 2019. This is due to strong presence of giant market players such as Gujarat Cooperative Milk Marketing Federation, National Dairy Development Board, Vadilal, along with propelling penetration of foreign brands, and robust urbanization. Moreover, escalating spending toward refining cold storage facilities and changing consumer taste are placing a positive influence on the Ice-Cream market in the forthcoming period as stated in MarkNtel Advisors' research report "India Ice Cream Market Analysis, 2021".
Get the sample pages of the report: https://www.marknteladvisors.com/