The ice cream market in India reached a value of INR 165.2 Billion in 2021.
Originally known as iced cream, ice cream can be defined as a mixture of milk, cream, sugar and other ingredients, that has been frozen into a soft, creamy delight using special techniques. It generally contains stabilizers, like gluten and plant-based gums, which give the mixture a consistent texture. Ice creams also contain milk proteins, such as whey and casein, that absorb the water content and generate micelles for improving the consistency of the product. Some of the common flavors of ice creams include strawberry, vanilla, chocolate, and butterscotch. In India, ice cream is one of the most widely consumed dairy products and is available in varied price ranges.
Significant growth in the food and beverage sector, and the presence of a thriving dairy industry represent the key factors creating a positive outlook for the market in India.
Moreover, the improvements in cold chain infrastructure, including temperature-controlled storage spaces, procurement of trained operational and servicing personnel, and application of efficient management procedures, are fueling the market growth. Moreover, rising disposable incomes have enabled consumers to afford premium-quality ice creams, which has prompted several international ice cream brands to expand their businesses in India. This, in turn, is acting as a major growth-inducing factor. The rising health consciousness and lactose intolerance amongst the population has prompted manufacturers to introduce preservative-free, genetically modified organism (GMO)-free, dairy-free, fat-free and organic product variants, which is contributing to the market growth further across the country.