Globally, ice cream is the most popular frozen dessert. Since the industry is marginally capital intensive, it is very competitive. In 2014, China took over the United States as the largest ice cream market globally. In 2015, United States, New Zealand, Australia, Denmark and Belgium dominated the global ice cream market in terms of consumption. Based on product, the global ice cream market can be segmented into impulse ice cream, take-home ice cream and artisanal ice cream.
Indian ice cream industry is one of the fastest growing segments of the dairy or food processing industry. Currently 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. India has a low per capita ice cream consumption of ice cream at 400 ml as compared with per capita consumption of ice cream of 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.
In India the ice cream industry is mostly regional and there is a multitude of brands focusing on only one or two districts or in some case only one state. There are very few national brands and the major reason behind slow growth of the smaller players is the high perishability of ice cream products.
The growing opportunity in the sector has been investigated along with the market drivers. The initiatives and performance of key players including Amul (Gujarat Cooperative Milk Marketing Federation), Vadilal Industries Ltd, Hindustan Unilever, Mother Dairy, Nestle, General Mills and London Dairy along with the current market scenario has also been studied. The report contains latest industry leader's opinion.
Key Topics Covered:
1. Global Ice Cream Market
2. India Ice Cream Market
3. Competitive Landscape
4. List of Charts and Graphs
5. Research Methodology
- Amul (Gujarat Cooperative Milk Marketing Federation)
- General Mills
- Hindustan Unilever
- London Dairy
- Mother Dairy
- Vadilal Industries Ltd
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