OREANDA-NEWS. RnR Market Research Offers Report by Research on a Study of India's Ice Cream Market 2016

Executive Summary

The ice cream market in India is estimated to be over INR 4,000 crores, and is growing at a rate of 15-20% year-on-year. It is projected that by 2019, the market will reach around INR 6,198 crores.The ice cream industry is a highly seasonal industry and bulk of the retail sales take place in the summer period. In this fragmented industry, there are over 10,000 players. In the organised segment, Amul is the leading ice cream player and holds close to 32% of the market share followed by Vadilal Industries. Other large players in the sector include Hindustan Unilever, Mother Dairy, Havmor and Nestle.

India has a low per capita ice cream consumption at 400ml as compared with 22,000 ml in the United States and 3,000 ml in China. With the improving cold chain infrastructure in the country, coupled with increasing disposable income and the changing lifestyle, the sector has great potential for growth. The premium ice cream sector is growing, however there is currently not enough volume in the segment and players such as London Dairy import its entire portfolio of products from the United Kingdom and will continue doing so for at least the next three years.