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Ice Cream in India

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    Report

  • 42 Pages
  • August 2025
  • Region: India
  • MarketLine
  • ID: 4391632
Ice Cream in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Ice cream market includes retail sales of impulse ice cream - single serve, artisanal ice cream, and take-home and bulk ice cream. Impulse ice cream - single serve segment covers individually packaged products such as ice cream bars, cones, cups, and sticks intended for immediate consumption. Artisanal ice cream segment includes high-quality, small-batch ice cream crafted using traditional techniques, often incorporating premium or locally sourced ingredients. Take-home and bulk ice cream segment covers larger packaging formats such as tubs, pints, and multi-pack products.
  • The Indian ice cream market recorded revenues of $2.73 billion in 2024, representing a compound annual growth rate (CAGR) of 1.1% between 2024-29.
  • Market consumption volumes declined with a negative CAGR of 0.7% between 2024-29, reaching a total of 631.6 million kilograms in 2024.
  • The Indian ice cream market has experienced slow growth during the review period, primarily due to the increasing health consciousness among consumers and rising preference for nutrient-rich products.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the ice cream market in India
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the ice cream market in India
  • Leading company profiles reveal details of key ice cream market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the India ice cream market with five year forecasts

Reasons to Buy

  • What was the size of the India ice cream market by value in 2024?
  • What will be the size of the India ice cream market in 2029?
  • What factors are affecting the strength of competition in the India ice cream market?
  • How has the market performed over the last five years?
  • What are the main segments that make up India's ice cream market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market share
1.8. Market rivalry
1.9. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players in the Indian ice cream market?
7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2019-24)?
7.4. Which companies market shares have suffered in the last 5 years (2019-24)?
7.5. What are the most popular brands in the Indian ice cream market?
7.6. What have been the most significant recent developments in the Indian ice cream market in 2024?
8 Company Profiles
8.1. Unilever Plc
8.2. Hatsun Agro Product Ltd
8.3. Mother Dairy Fruit & Vegetable Pvt Ltd
8.4. Gujarat Cooperative Milk Marketing Federation Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: India ice cream market value: $ million, 2019-24
Table 2: India ice cream market volume: million kilograms, 2019-24
Table 3: India ice cream market category segmentation: % share, by value, 2019-24
Table 4: India ice cream market category segmentation: $ million, 2019-24
Table 5: India ice cream market geography segmentation: $ million, 2024
Table 6: India ice cream market distribution: % share, by value, 2024
Table 7: India ice cream market value forecast: $ million, 2024-29
Table 8: India ice cream market volume forecast: million kilograms, 2024-29
Table 9: India ice cream market share: % share, by value, 2024
Table 10: Unilever Plc: Key Facts
Table 11: Unilever Plc: Annual Financial Ratios
Table 12: Unilever Plc: Key Employees
Table 13: Hatsun Agro Product Ltd: Key Facts
Table 14: Hatsun Agro Product Ltd: Annual Financial Ratios
Table 15: Hatsun Agro Product Ltd: Key Employees
Table 16: Mother Dairy Fruit & Vegetable Pvt Ltd: Key Facts
Table 17: Mother Dairy Fruit & Vegetable Pvt Ltd: Key Employees
Table 18: Gujarat Cooperative Milk Marketing Federation Ltd: Key Facts
Table 19: Gujarat Cooperative Milk Marketing Federation Ltd: Key Employees
Table 20: India Size of Population (Million), 2020-24
Table 21: India Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: India GDP (Current Prices, $ Billion), 2020-24
Table 23: India Inflation, 2020-24
Table 24: India Consumer Price Index (Absolute), 2020-24
Table 25: India Exchange Rate, 2019-24
List of Figures
Figure 1: India ice cream market value: $ million, 2019-24
Figure 2: India ice cream market volume: million kilograms, 2019-24
Figure 3: India ice cream market category segmentation: $ million, 2019-24
Figure 4: India ice cream market geography segmentation: % share, by value, 2024
Figure 5: India ice cream market distribution: % share, by value, 2024
Figure 6: India ice cream market value forecast: $ million, 2024-29
Figure 7: India ice cream market volume forecast: million kilograms, 2024-29
Figure 8: Forces driving competition in the ice cream market in India, 2024
Figure 9: Drivers of buyer power in the ice cream market in India, 2024
Figure 10: Drivers of supplier power in the ice cream market in India, 2024
Figure 11: Factors influencing the likelihood of new entrants in the ice cream market in India, 2024
Figure 12: Factors influencing the threat of substitutes in the ice cream market in India, 2024
Figure 13: Drivers of degree of rivalry in the ice cream market in India, 2024
Figure 14: India ice cream market share: % share, by value, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Unilever Plc
  • Hatsun Agro Product Ltd
  • Mother Dairy Fruit & Vegetable Pvt Ltd
  • Gujarat Cooperative Milk Marketing Federation Ltd