Emphasis on Product Type (Confectionary & Candies, Ice Cream, Frozen Yogurt, and Others); Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Cake & Bakery Shops, and Others)
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.
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.
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.
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.
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.
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.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. India Frozen Dessert Market Revenue (usd Mn), 2022-2032f
7. Market Insights By Product Type
8. Market Insights By Distribution Channel
9. Value Chain Analysis
10. Competitive Landscape
11. Company Profiled
12. Acronyms & Assumption
13. Annexure
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:
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 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:
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.
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 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:
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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November 7, 2024
