India Frozen Dessert Market: Current Analysis and Forecast (2024-2032)
$3999 – $6999
Emphasis on Product Type (Confectionary & Candies, Ice Cream, Frozen Yogurt, and Others); Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Cake & Bakery Shops, and Others)
| Pages: | 70 |
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| Table: | 74 |
| Figure: | 105 |
| Report ID: | UMCG212838 |
| Geography: |
Report Description
India Frozen Dessert Market Size & Forecast
The India Frozen Dessert Market was valued at ~USD 8000 million in 2023 and is expected to grow at a strong CAGR of around 8% during the forecast period (2024-2032) owing to the rising demand for ice cream.
India Frozen Dessert Market Analysis
The Frozen Dessert Market in India is experiencing robust growth, driven by factors such as increasing disposable income, changing consumer preferences, and a growing urban population. The market is characterized by a wide range of products, including ice creams, frozen yogurts, and sorbets, offered in various flavors and formats. Rising health consciousness among consumers has led to a demand for healthier frozen dessert options, such as low-fat and sugar-free variants, as well as those made from natural ingredients. Manufacturers are also focusing on innovative packaging and marketing strategies to attract consumers. With a favorable demographic profile and increasing demand for indulgent treats, the frozen dessert market in India is poised for continued growth in the coming years.
India Frozen Dessert Market Trends
This section discusses the key market trends that are influencing the various segments of the India frozen dessert market, as identified by our team of research experts.
Frozen Yoghurt Transforming Industry
Frozen yogurt, often abbreviated as “froyo,” is a popular frozen dessert made from yogurt and sometimes other dairy products. It has a smooth, creamy texture and a slightly tangy flavor, similar to ice cream but typically lower in fat due to the use of yogurt. One of the key differences between frozen yogurt and ice cream is the live bacterial cultures present in yogurt, which are believed to offer health benefits such as improved digestion and a boost to the immune system. These cultures remain active in frozen yogurt, providing a distinctive taste and texture. Frozen yogurt can be served in a variety of ways, from simple cups or cones to elaborate sundaes with a range of toppings. Popular toppings include fresh fruits, nuts, chocolate chips, syrups, and candies, allowing for a customizable and indulgent treat.
India Frozen Dessert Market is Expected to Grow with Significant CAGR During Forecast Period
The key driver of the frozen dessert market in India is the increasing consumer preference for healthier dessert options, which has led to a growing demand for frozen yogurt and other low-fat alternatives. Additionally, the rising disposable income and changing lifestyles are fueling the demand for convenience foods, including frozen desserts, especially in urban areas. Moreover, the growing popularity of international dessert chains and the introduction of innovative flavors and packaging are also contributing to the market’s growth.
- In March 2024, Amul announced the launch of a new range of frozen yogurt flavors in India, including mango, strawberry, and chocolate, catering to the growing demand for healthier dessert options.
- In January 2024, Mother Dairy launched a new line of low-fat frozen desserts under the brand name “Dairy Treats,” targeting health-conscious consumers looking for guilt-free indulgence.
- In September 2023, Kwality Wall’s introduced a limited-edition range of festive-themed frozen desserts, including flavors like rose-pistachio and saffron-almond, to celebrate the upcoming festive season in India.
India Frozen Dessert Industry Overview
The India Frozen Dessert Market is competitive, with several market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new type launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Creambell, Gelato Vinto, Unilever, Keventer, Lazza Ice Creams, Havmor, MENCHIE’S, Vadilal Group, Nestlé, and General Mills Inc.
India Frozen Dessert Market News
Creambell – In June 2023, Creambell unveiled a new marketing campaign promoting its range of frozen desserts as a delicious and convenient treat for families to enjoy together at home.
Havmor – In April 2023, Havmor announced plans to expand its presence in the Indian frozen dessert market by introducing new flavors and expanding its distribution network to reach more consumers across the country.
India Frozen Dessert Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, type portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The India Frozen Dessert Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Frequently Asked Questions (FAQ)
Ans: The India frozen dessert market was valued at ~USD 8000 million in 2023 and is expected to grow at a CAGR of 8% during the forecast period (2024-2032).
Ans: The growing urbanization and rising disposable income drive the India frozen dessert market.
Ans: The ice cream segment has the largest share of the India frozen dessert market by product type.
Ans: Enhancing flavor and customer experience is one of the major trends in the India frozen dessert market. Q1: What is the India frozen dessert market's current market size and growth potential?
Q2: What are the driving factors for the growth of the India frozen dessert market?
Q3: Which segment has the largest share of the India frozen dessert market by product type?
Q4: What are the emerging technologies and trends in the India frozen dessert market?
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| 1.1. | Market Definitions | |
| 1.2. | Main Objective | |
| 1.3. | Stakeholders | |
| 1.4. | Limitation | |
| 2.1. Research Process of the India Frozen Dessert Market | |
| 2.2. Research Methodology of the India Frozen Dessert Market | |
| 2.3. Respondent Profile |
| 3.1. Industry Synopsis | |
| 3.2. Segmental Outlook | |
| 3.2.1.Market Growth Intensity | |
| 3.3. Regional Outlook | |
| 4.1. Drivers | |
| 4.2. Opportunity | |
| 4.3. Restraints | |
| 4.4. Trends | |
| 4.5. PESTEL Analysis | |
| 4.6. Demand Side Analysis | |
| 4.7. Supply Side Analysis | |
| 4.7.1.Merger & Acquisition | |
| 4.7.2.Investment Scenario | |
| 4.7.3.Industry Insights: Leading Startups and Their Unique Strategies | |
| 5.1. Regional Pricing Analysis | ||
| 5.2. Price Influencing Factors |
6. INDIA FROZEN DESSERT MARKET REVENUE (USD MN), 2022-2032F
| 7.1. Confectionary & Candies | |
| 7.2. Ice Cream | |
| 7.3. Frozen Yogurt | |
| 7.4. Others |
| 8.1. Supermarket/Hypermarket | |
| 8.2. Convenience Stores | |
| 8.3. Cafe & Bakery Shops | |
| 8.4. Others |
| 9.1. Key Component Analysis | |
| 9.2. List of Market Participants |
| 10.1. Competition Dashboard | |
| 10.2. Competitor Market Positioning Analysis | |
| 10.3. Porter Five Forces Analysis |
| 11.1. Creambell | ||
| 11.1.1. Company Overview | ||
| 11.1.2. Key Financials | ||
| 11.1.3. SWOT Analysis | ||
| 11.1.4. Product Portfolio | ||
| 11.1.5. Recent Developments | ||
| 11.2. Gelato Vinto | ||
| 11.3. Unilever | ||
| 11.4. Keventer | ||
| 11.5. Lazza Ice Creams | ||
| 11.6. Havmor | ||
| 11.7. MENCHIE’S | ||
| 11.8. Vadilal Group | ||
| 11.9. Nestlé | ||
| 11.10. General Mills Inc. | ||
12 ACRONYMS & ASSUMPTION
13 ANNEXURE
Research Methodology
Research Methodology for the India Frozen Dessert Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the India frozen dessert market were the three major steps undertaken to create and analyze the adoption of India frozen dessert in major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the India frozen dessert market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the India frozen dessert market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the India frozen dessert market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as product type, and distribution channel. Further regional-level analyses were conducted to evaluate the overall adoption of testing models in that nation.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the India frozen dessert market. Further, we conducted factor analysis using dependent and independent variables such as product type, and distribution channel of the India frozen dessert market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and type launches in the India frozen dessert market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the India frozen dessert market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the India frozen dessert market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the India frozen dessert market in terms of types offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the India frozen dessert market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of the product type, and distribution channel in the India frozen dessert market.
The main objective of the India Frozen Dessert Market Study
The current & future market trends of the India frozen dessert market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the India frozen dessert market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the product type and distribution channel.
- Define and analyze the regulatory framework for the India frozen dessert
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the India frozen dessert market for the major region.
- Company profiles of the India frozen dessert market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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