Ice Cream Market Size in India: Projected Growth and Key Players by 2030

NEW YORK, Calif. - April 15, 2025 - PRLog -- India ice cream market is poised for substantial growth, projected to surpass USD 3 billion in value by 2023 and to expand at a remarkable compound annual growth rate (CAGR) of 13.49% through to 2030. This robust growth trajectory is fueled by various factors, including perennial heat waves, increased disposable income, and evolving consumer preferences, making ice cream an essential part of modern Indian lifestyles.

UAE Ice Cream Market Statistics

1. The Size of Ice Cream Market Size in India Was Estimated at USD 3 Billion In 2023
2. Impulse Ice Cream Grabbed a Considerable Share of the India Ice Cream Market
3. Stick & Cup Format of Ice Cream Held the Major Market Share
4. Market Projected to Grow at A CAGR Of 13.49% from 2025-2030

Sales Channels Accelerating Growth

In terms of sales channels, ice cream carts have historically dominated the Indian landscape due to their accessibility and appeal. However, the rise of e-commerce and quick commerce (Q-commerce) has significantly transformed consumer purchasing behavior. As more consumers turn to digital platforms for food delivery—especially during the COVID-19 pandemic—ice cream manufacturers are witnessing a shift towards online sales. Leading brands are partnering with key delivery services like Swiggy and Zomato, facilitating at-home consumption and expanding their market reach.

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Regional Projections and Consumer Trends

The geographical distribution of the ice cream market in India reveals a balanced growth across various regions, with slightly higher shares observed in the western states of Gujarat and Maharashtra, owing to favorable climatic conditions and urbanization. Moreover, rural preferences are diversifying with growing demand for traditional flavors like kulfi and kalakand, which are simpler to manufacture and appealing to local tastes.

Top Ice Cream Manufacturer to Watch

The competitive landscape of the Indian ice cream market is characterized by prominent players such as Gujarat Co-operative Milk Marketing Federation Ltd, Hindustan Unilever Ltd, and Vadilal Industries Ltd. These companies are continuously innovating with new flavors and formulations to cater to a growing variety of consumer preferences. Notably, vegan ice cream options are gaining traction, emphasizing the need for brands to adapt to dietary trends driven by environmental awareness and health consciousness.

Conclusion

As the Indian ice cream market continues to evolve, stakeholders must remain vigilant in monitoring emerging trends and consumer behaviors. The ongoing diversification of product offerings, coupled with a significant push towards e-commerce, underscores the vast potential that lies within this vibrant sector. With the market's promising outlook, businesses poised to leverage these insights will benefit immensely from the growing appetite for ice cream in India.

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