ice cream market in india

Ice Cream Market in India: Growth and Forecast 2021

I scream, you scream, India screams for ice cream!

Indian Ice Cream market has been flat in past years, however, a new picture is emerging.

According to Mitel’s Ice Cream Global Annual Review 2017 Report, the sales volume is expected to nearly double from 334.4 million liters on 2016 to 657.3 million liters by 2021 in India.

The report also states that in the last 5 years, the ice cream sales volume has increased by 13%, which is the fastest in the world.

However, the per capita ice cream consumption in India is far behind the world’s top consumer which includes Norway (9.8 liters), Australia(9.4 liters) and Sweden (8.9 liters). India is at the fourth position in consuming 333 million liters ice cream in 2016.

Reason for Growth

The large population, increasing savings of customers, and government investment have made ice cream a popular dessert and treat for Indians, reports says.

Which Brands Indian Love

Amul, Natural, Vadilal, Hamvor, London Dairy, and Magnum

The following infographic from Times of India illustrates the trends, growth, and forecast of Indian Ice Cream market.

growth and prediction ice cream market

Source: Times of India

Although, there are many reasons why ice cream is a favorite dessert in the world over.

First, it comes in various flavors and formats. And, second, it has some health benefits such as:

  • It has been scientifically proven that eating ice cream can make you smarter and improve your performance at work.
  • It can help improve your mood and reduce stress level.
  • it is also a good source of energy which can quickly energize you when you need it the most.

However, ice cream is rich in sugar which could significantly contribute to weight gain and other fat related issues.

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