India’s Ice Cream Market to Reach $5.26 Billion by 2027
By 2033, the market size could exceed ₹900 billion, equivalent to more than $10.5 billion.
“The segment is expected to reach ₹450 billion within the next three years and more than ₹900 billion over the next eight years,” the IICMA stated.
Growth Drivers:
Key factors contributing to the industry’s dynamic growth include:
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Rising disposable incomes among Indian consumers;
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Changing consumer preferences toward chilled desserts and premium products;
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Expansion of distribution channels, including e-commerce, specialty outlets, and franchise networks.
Notably, the IICMA highlights that stable prices for key raw materials, including milk powder and packaging materials, allow Indian manufacturers to maintain affordability while boosting profitability.
