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Ice Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

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 which give the mixture a consistent texture. Ice cream today represents one of the fastest growing food segments in India. A recently released report by IMARC Group, titled “Ice Cream Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, critically examines the Indian ice cream market. The report finds that the market reached a value of around INR XX Billion in 2018, exhibiting a CAGR of 16.9% during 2011-2018. The healthy growth of the market can be attributed to numerous forces. Population growth, rising disposable incomes, urbanisation rates, changing consumer preferences, improved cold supply chain and growing deep freezer penetration are some of the factors that are broadening the growth aspects of the market. According to the report, the market is further expected to reach a value of INR 375.8 Billion by 2024, growing at a CAGR of XX% during 2019-2024.

Indian Ice Cream Market Trends

The report has examined the Indian ice cream market in 15 major states:

  • Maharashtra
  • Uttar Pradesh
  • Andhra Pradesh
  • Tamil Nadu
  • Gujarat
  • Rajasthan
  • Karnataka
  • Madhya Pradesh
  • West Bengal
  • Bihar
  • Delhi
  • Kerala
  • Punjab
  • Orissa
  • Haryana

 

For each of the states, the report provides a thorough analysis of the current and historical value and volume trends, market share of key players and market forecast. Currently, Maharashtra represents the largest market, accounting for nearly XX% of the market share. It is followed by Uttar Pradesh and Gujarat. The competitive landscape of the Indian ice cream market has also been covered in this report. Some of the prominent players operating in the market include GCMMF, Kwality Walls, Vadilal, Mother Dairy, Hatsun and Cream Bell.

The study gives an in-depth analysis of the ice cream market landscape in India, covering the current, historical and future trends for ice cream production along with its prices. The report also offers SWOT, Value Chain and Porter’s Five Forces analysis of the Indian ice cream market along with breakup by segment, region, and an analysis of the competitive landscape. The study is based on both desk research and multiple waves of qualitative primary research. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian ice cream industry in any manner.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Indian Dairy Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Organised and Unorganised Segment
    5.4    Milk Production and Consumption Trends
        5.4.1 Current and Historical Trends
        5.4.2 Production and Consumption Forecast
    5.5    Milk Production by State
    5.6    Milk Production by Cattle
    5.7    Milk Utilization Patterns in India
    5.8    Market Forecast
6   Indian Ice Cream Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1 Volume Trends
        6.2.2 Value Trends
    6.3    Price Trends
        6.3.1 Milk Procurement Price Trends
        6.3.2 Ice Cream Price Trends
    6.4    Market Breakup by Region
    6.5    Market Forecast
    6.6    SWOT Analysis
        6.6.1    Strengths
        6.6.2    Weaknesses
        6.6.3    Opportunities
        6.6.4    Threats
    6.7    Value Chain Analysis
    6.8    Porter’s Five Forces Analysis
        6.8.1    Overview
        6.8.2    Bargaining Power of Buyers
        6.8.3    Bargaining Power of Suppliers
        6.8.4    Degree of Competition
        6.8.5    Threat of New Entrants
        6.8.6    Threat of Substitutes
    6.9    Key Success Factors and Risk Factors
7   Performance of Key Regions
    7.1    Karnataka
        7.1.1 Market Performance
            7.1.1.1 Volume Trends
            7.1.1.2 Value Trends
        7.1.2 Competitive Landscape
        7.1.3 Market Forecast
            7.1.3.1 Volume Trends
            7.1.3.2 Value Trends
    7.2  Maharashtra
        7.2.1 Market Performance
            7.2.1.1 Volume Trends
            7.2.1.2 Value Trends
        7.2.2 Competitive Landscape
        7.2.3 Market Forecast
            7.2.3.1 Volume Trends
            7.2.3.2 Value Trends
    7.3  Tamil Nadu
        7.3.1 Market Performance
            7.3.1.1 Volume Trends
            7.3.1.2 Value Trends
        7.3.2 Competitive Landscape
        7.3.3 Market Forecast
            7.3.3.1 Volume Trends
            7.3.3.2 Value Trends
    7.4  Delhi
        7.4.1 Market Performance
            7.4.1.1 Volume Trends
            7.4.1.2 Value Trends
        7.4.2 Competitive Landscape
        7.4.3 Market Forecast
            7.4.3.1 Volume Trends
            7.4.3.2 Value Trends
    7.5  Gujarat
        7.5.1 Market Performance
            7.5.1.1 Volume Trends
            7.5.1.2 Value Trends
        7.5.2 Competitive Landscape
        7.5.3 Market Forecast
            7.5.3.1 Volume Trends
            7.5.3.2 Value Trends
    7.6  Andhra Pradesh and Telangana
        7.6.1 Market Performance
            7.6.1.1 Volume Trends
            7.6.1.2 Value Trends
            7.6.1.1 Volume Trends
            7.6.1.2 Value Trends
    7.7  Uttar Pradesh
        7.7.1 Market Performance
            7.7.1.1 Volume Trends
            7.7.1.2 Value Trends
        7.7.2 Competitive Landscape
        7.7.3 Market Forecast
            7.7.3.1 Volume Trends
            7.7.3.2 Value Trends
    7.8  West Bengal
        7.8.1 Market Performance
            7.8.1.1 Volume Trends
            7.8.1.2 Value Trends
        7.8.2 Competitive Landscape
        7.8.3 Market Forecast
            7.8.3.1 Volume Trends
            7.8.3.2 Value Trends
    7.9  Kerala
        7.9.1 Market Performance
            7.9.1.1 Volume Trends
            7.9.1.2 Value Trends
        7.9.2 Competitive Landscape
        7.9.3 Market Forecast
            7.9.3.1 Volume Trends
            7.9.3.2 Value Trends
    7.10 Haryana
        7.10.1 Market Performance
            7.10.1.1 Volume Trends
            7.10.1.2 Value Trends
        7.10.2 Competitive Landscape
        7.10.3 Market Forecast
            7.10.3.1 Volume Trends
            7.10.3.2 Value Trends
    7.11 Punjab
        7.11.1 Market Performance
            7.11.1.1 Volume Trends
            7.11.1.2 Value Trends
        7.11.2 Competitive Landscape
        7.11.3 Market Forecast
            7.11.3.1 Volume Trends
            7.11.3.2 Value Trends
    7.12 Rajasthan
        7.12.1 Market Performance
            7.12.1.1 Volume Trends
            7.12.1.2 Value Trends
        7.12.2 Competitive Landscape
        7.12.3 Market Forecast
            7.12.3.1 Volume Trends
            7.12.3.2 Value Trends
    7.13 Madhya Pradesh
        7.13.1 Market Performance
            7.13.1.1 Volume Trends
            7.13.1.2 Value Trends
        7.13.2 Competitive Landscape
        7.13.3 Market Forecast
            7.13.3.1 Volume Trends
            7.13.3.2 Value Trends
    7.14 Bihar
        7.14.1 Market Performance
            7.14.1.1 Volume Trends
            7.14.1.2 Value Trends
        7.14.2 Competitive Landscape
       7.14.3 Market Forecast
            7.14.3.1 Volume Trends
            7.14.3.2 Value Trends
   7.15 Orissa
        7.15.1 Market Performance
            7.15.1.1 Volume Trends
            7.15.1.2 Value Trends
        7.15.2 Competitive Landscape
        7.15.3 Market Forecast
            7.15.3.1 Volume Trends
            7.15.3.2 Value Trends
8   Competitive Landscape
    8.1    Competitive Structure
    8.2    Market breakup of Key Players
9   Ice Cream Manufacturing Process
    9.1    Product Overview
    9.2    Detailed Process Flow
    9.3    Various Types of Unit Operations Involved
    9.4    Mass Balance and Raw Material Requirements
10  Project Details, Requirements and Costs Involved
    10.1    Land Requirements and Expenditures
    10.2    Construction Requirements and Expenditures
    10.3    Plant Machinery
    10.4    Machinery Pictures
    10.5    Raw Material Requirements and Expenditures
    10.6    Raw Material and Final Product Pictures
    10.7    Packaging Requirements and Expenditures
    10.8    Transportation Requirements and Expenditures
    10.9    Utility Requirements and Expenditures
    10.10    Manpower Requirements and Expenditures
    10.11    Other Capital Investments
11  Loans and Financial Assistance
12  Project Economics

    12.1    Capital Cost of the Project
    12.2    Techno-Economic Parameters
    12.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    12.4    Taxation and Depreciation
    12.5    Income Projections
    12.6    Expenditure Projections
    12.7    Financial Analysis
    12.8    Profit Analysis
13  Key Player Profiles 

 

List of Figures

Figure 1: India: Dairy Industry Overview
Figure 2: India: Dairy Market (in Billion INR), 2011-2018
Figure 3: India: Dairy Market: Breakup by Segment (in %), 2018  
Figure 4: India: Total Milk Production (in Million Metric Tons), 2011-12 – 2018-19
Figure 5: India: Total Milk Consumption (in Million Metric Tons), 2011-12 – 2018-19
Figure 6: India: Total Milk Production Forecast (in Million Metric Tons), 2019-20 – 2024-25
Figure 7: India: Total Milk Consumption Forecast (in Million Metric Tons), 2019-20 – 2024-25
Figure 8: India: Milk Utilisation Patterns
Figure 9: India: Dairy Market Forecast (in Billion INR), 2019-2024
Figure 10: India: Ice Cream Industry: Major Drivers and Challenges
Figure 11: India: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 12: India: Ice Cream Market: Value Trends (in Billion INR), 2011-2018
Figure 13: India: Milk Market: Procurement Price Trends (in INR/Litre), 2011-2018
Figure 14: India: Ice Cream Market: Retail Price Trends (in INR/Litre), 2011-2018
Figure 15: India: Ice Cream Market: Breakup by Region (in %), 2018
Figure 16: India: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024 
Figure 17: India: Ice Cream Market Forecast: Value Trends (in Billion INR), 2019-2024
Figure 18: India: Ice Cream Industry: SWOT Analysis
Figure 19: India: Ice Cream Industry: Value Chain Analysis
Figure 20: India: Ice Cream Industry: Porter’s Five Forces Analysis
Figure 21: Karnataka: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 22: Karnataka: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 23: Karnataka: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 24: Karnataka: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 25: Karnataka: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 26: Maharashtra: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 27: Maharashtra: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 28: Maharashtra: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 29: Maharashtra: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 30: Maharashtra: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 31: Tamil Nadu: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 32: Tamil Nadu: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 33: Tamil Nadu: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 34: Tamil Nadu: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 35: Tamil Nadu: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 36: Delhi: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 37: Delhi: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 38: Delhi: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 39: Delhi: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 40: Delhi: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 41: Gujarat: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 42: Gujarat: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 43: Gujarat: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 44: Gujarat: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 45: Gujarat: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 46: Andhra Pradesh and Telangana: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 47: Andhra Pradesh and Telangana: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 48: Andhra Pradesh and Telangana: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 49: Andhra Pradesh and Telangana: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 50: Andhra Pradesh and Telangana: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 51: Uttar Pradesh: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 52: Uttar Pradesh: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 53: Uttar Pradesh: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 54: Uttar Pradesh: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 55: Uttar Pradesh: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 56: West Bengal: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 57: West Bengal: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 58: West Bengal: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 59: West Bengal: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 60: West Bengal: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 61: Kerala: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 62: Kerala: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 63: Kerala: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 64: Kerala: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 65: Kerala: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 66: Haryana: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 67: Haryana: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 68: Haryana: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 69: Haryana: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 70: Haryana: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 71: Punjab: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 72: Punjab: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 73: Punjab: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 74: Punjab: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 75: Punjab: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 76: Rajasthan: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 77: Rajasthan: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 78: Rajasthan: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 79: Rajasthan: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 80: Rajasthan: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 81: Madhya Pradesh: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 82: Madhya Pradesh: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 83: Madhya Pradesh: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 84: Madhya Pradesh: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 85: Madhya Pradesh: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 86: Bihar: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 87: Bihar: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 88: Bihar: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 89: Bihar: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 90: Bihar: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 91: Orissa: Ice Cream Market: Volume Trends (in Million Litres), 2011-2018
Figure 92: Orissa: Ice Cream Market: Value Trends (in Million INR), 2011-2018
Figure 93: Orissa: Ice Cream Market: Breakup of Key Players (in %), 2018
Figure 94: Orissa: Ice Cream Market Forecast: Volume Trends (in Million Litres), 2019-2024
Figure 95: Orissa: Ice Cream Market Forecast: Value Trends (in Million INR), 2019-2024
Figure 96: India: Ice Cream Market: Breakup by Key Players, 2018
Figure 97: Ice Cream Manufacturing Plant: Detailed Process Flow
Figure 98: Ice Cream Manufacturing: Conversion Rate of Feedstocks
Figure 99: Ice Cream Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 100: Ice Cream Industry: Profit Margins at Various Levels of the Supply Chain
Figure 101: Ice Cream Production: Manufacturing Cost Breakup (in %)


List of Tables

Table 1: India: Dairy Market: Key Industry Highlights, 2018 and 2024
Table 2: India: Milk Production Breakup by State, 2011-12-2018-19
Table 3: India: Milk Production Breakup by Cattle, 2011-12-2018-19
Table 4: India: Ice Cream Market Forecast: Breakup by Region (in Billion INR), 2019-2024
Table 5: Ice Cream Manufacturing Plant: Costs Related to Land and Site Development (in INR)
Table 6: Ice Cream Manufacturing Plant: Costs Related to Civil Works (in INR)
Table 7: Ice Cream Manufacturing Plant: Costs Related to Machinery (in INR)
Table 8: Ice Cream Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditure (US$/Ton)
Table 9: Ice Cream Manufacturing Plant: Costs Related to Salaries and Wages (in INR)
Table 10: Ice Cream Manufacturing Plant: Costs Related to Other Capital Investments (in INR)
Table 11: Details of Financial Assistance Offered by Financial Institutions
Table 12: Ice Cream Manufacturing Plant: Capital Costs (in INR)
Table 13: Ice Cream Manufacturing Plant: Techno-Economic Parameters
Table 14: Ice Cream Manufacturing Plant: Taxation and Depreciation
Table 15: Ice Cream Manufacturing Plant: Income Projections (in INR)
Table 16: Ice Cream Manufacturing Plant: Expenditure Projections (in INR)
Table 17: Ice Cream Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 18: Ice Cream Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 19: Ice Cream Manufacturing Plant: Profit and Loss Account

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