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(MoneyNewsWire.Net, August 09, 2016 ) Description-
The 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.The ice cream industry is a highly seasonal industry and bulk of the retail sales take place in the summer period. In this fragmented industry, there are over 10,000 players. In the organised segment, Amul is the leading ice cream player and holds close to 32% of the market share followed by Vadilal Industries. Other large players in the sector include Hindustan Unilever, Mother Dairy, Havmor and Nestle.
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India has a low per capita ice cream consumption at 400ml as compared with 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 premium ice cream sector is growing, however there is currently not enough volume in the segment and players such as London Dairy import its entire portfolio of products from the United Kingdom and will continue doing so for at least the next three years.
Why should the report be purchased?
The report ‘A Study of India's Ice Cream Market 2016’highlights key dynamics ofIndia’s ice cream market. The growing opportunity in the sector has been investigated along with the market drivers.The initiatives and performance of key playersincluding Amul (Gujarat Cooperative Milk Marketing Federation), Vadilal Industries Ltd, Hindustan Unilever, Mother Dairy, Nestle, General Mills and London Dairyalong withthe current market scenario has also been studied. The report contains latest industry leader’s opinion.
Research methodology and delivery time
Smart Research Insights has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.
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The report is available as single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available. The dispatch time for hard copies 4 business days, as each hard copy is custom printed for the client
About Smart Research Insights (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research, we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
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