India Ice Cream Market Study 2019
Executive Summary: Indian ice cream industry is one of the fastest growing segments of the dairy or food processing industry. 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. The ice cream industry in India generated revenue of more than USD 1.5 billion in 2016 and is projected to generate revenue of approximately USD 3.4 billion by 2021
It is one of the fastest growing segments of the dairy industry. Employing close to 15 lakh people, it is considered one of the largest employers of the dairy and food processing industry. Our analysts believe that the outlook for the ice cream market in India is bright. Driven by innovation and quality improvement, the market is expected to grow steadily. In order to capture market shares, players need to be mindful of reaching the right customers and continuously innovating their products to meet the evolving tastes of the globally exposed consumers. The players also need to optimize their production systems, and ensure stringent compliance with quality standards.
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