India Frozen Dessert

India Frozen Dessert

Dry fruits, a variety of flavours, and vegetable fats make up the majority of the ingredients in frozen desserts. The market for desserts is expanding as more people realize that frozen desserts are a good way to aid with digestion after meals. Global demand for frozen sweets like ice cream and frozen yogurt is expected to rise due to climate change, among other factors. According to estimates, the demand for ice cream alone can easily increase to 50% on hot days and decrease to 20% in inclement weather. Consumers' perception that eating ice cream lowers body temperature in hot weather contributes to the market's expansion.

The India Frozen Dessert Market is expected to grow at a strong CAGR of 8% during the forecast period. Several factors, such as rising disposable income, urbanization, and changing consumer preferences, amongst others, are driving the market during the forthcoming years. Apart from this, the market is also witnessing a shift towards healthier and natural ingredients, with an increasing demand for low-fat, sugar-free, and vegan frozen dessert options. Innovations in flavors and packaging are playing a crucial role in attracting a broader consumer base. Additionally, the advent of e-commerce platforms has made it easier for consumers to purchase frozen desserts, contributing to market growth.

• By product type, the market is segmented into confectionary & candies, ice cream, frozen yogurt, and others. The ice cream segment held a significant share of the market in 2023. The increasing temperature associated with the favorable market conditions is driving segmental growth in India. Moreover, the companies are also launching new flavors, and new products, which is also driving the market growth in the coming years. For instance, in January 2024, Amul launched a new range of exotic ice cream flavors, including blueberry cheesecake and mango alphonso, to cater to premium segment consumers.
• Based on distribution channel, the market is segmented into supermarket/hypermarket, convenience stores, cake & bakery shops, and others. The cake & bakery shop is anticipated to grow with high CAGR during the forecast period. The café and bakery shop segment in the India frozen dessert market is burgeoning, driven by the growing consumer preference for premium and artisanal desserts. These establishments are increasingly incorporating a variety of frozen desserts such as gelatos, sorbets, and frozen yogurts into their menus, catering to the diverse palates of their clientele. The segment benefits from the rising trend of café culture, particularly among the younger population, and the demand for unique, high-quality dessert experiences. Several international brands are expanding their presence in India. For instance, in November 2023, NY’s famed Magnolia Bakery expanded its presence in Bandra. The outlet offers several hand-baked desserts such as hand-baked desserts including cupcakes, brownies, cheesecakes, tres leches, eggless ice creams, and their famous banana pudding.
• Some of the major players operating in the market include Creambell, Gelato Vinto, Unilever, Keventer, Lazza Ice Creams, Havmor, MENCHIE'S, Vadilal Group, Nestlé, and General Mills Inc.