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We expect the ice cream market in India to grow at a CAGR of 17.3% during 2021-2026.
Rapid globalization, coupled with the rising influence of western food trends, are currently driving the demand for ice cream in India.
Sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of different ice cream flavors.
Based on the type, the ice cream market in India can be segmented into impulse ice cream, take-home ice cream, and artisanal ice cream, where impulse ice cream currently accounts for the largest market share.
Based on the flavor, the ice cream market in India has been divided into chocolate, fruit, vanilla, and others. Among these, chocolate currently exhibits a clear dominance in the market.
Based on the format, the ice cream market in India can be segregated into cup, stick, cone, brick, and others. Currently, cup represents the largest segment.
Based on the end-user, the ice cream market in India has been bifurcated into retail and institutional, where the retail sector currently holds the largest market share.
Based on the distribution channel, the ice cream market in India can be categorized into general trade, supermarkets/hypermarkets, ice cream parlors, convenience stores, online, and others. Among these, general trade currently accounts for the majority of the total market share.
On a regional level, the market has been classified into Maharashtra, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Rajasthan, Karnataka, Madhya Pradesh, West Bengal, Bihar, Delhi, Kerala, Punjab, Odisha, and Haryana, where Maharashtra currently dominates the ice cream market in India.
Some of the major players in the ice cream market in India include GCMMF, Kwality Walls, Vadilal, Mother Dairy, Hatsun, and Cream Bell.
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