India Ice Cream Parlor Market Size & Outlook, 2022-2030
India ice cream parlor market, 2017-2030 (US$M)
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India ice cream parlor market highlights
- The India ice cream parlor market generated a revenue of USD 1,003.5 million in 2022 and is expected to reach USD 1,730.8 million by 2030.
- The India market is expected to grow at a CAGR of 7.1% from 2023 to 2030.
- In terms of segment, branded/franchise was the largest revenue generating type in 2022.
- Branded/Franchise is the most lucrative type segment registering the fastest growth during the forecast period.
Ice cream parlor market data book summary
| Market revenue in 2022 | USD 1,003.5 million |
| Market revenue in 2030 | USD 1,730.8 million |
| Growth rate | 7.1% (CAGR from 2022 to 2030) |
| Largest segment | Branded/franchise |
| Fastest growing segment | Branded/Franchise |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Branded/Franchise, Independent |
| Key market players worldwide | Berkshire Hathaway Inc Class A, MTY Food Group Inc, Unilever PLC, Chocoladefabriken Lindt & Spruengli AG, FAT Brands Inc Class A, Baskin Robbins, Amorino, Cream Stone, Ice Natural Ice Industry |
Other key industry trends
- In terms of revenue, India accounted for 8.7% of the global ice cream parlor market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ice cream parlor market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,730.8 million by 2030.
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Ice Cream Parlor Market Scope
Ice Cream Parlor Market Companies
| Name | Profile | # Employees | HQ | Website |
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India ice cream parlor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ice cream parlor market will help companies and investors design strategic landscapes.
Branded/franchise was the largest segment with a revenue share of 62.32% in 2022. Horizon Databook has segmented the India ice cream parlor market based on branded/franchise, independent covering the revenue growth of each sub-segment from 2017 to 2030.
The ice cream parlor market in India is driven by the expansion of domestic brands such as Natural Ice Creams, as well as international brands such as Baskin Robbins. For instance, in April 2023, Baskin Robbins announced its plan to add around 100 ice cream parlors and introduce new product offerings to expand its network in India.
Although the premium ice cream market in India is growing, it currently holds a relatively smaller share of the overall ice cream market in the country. The market is mainly unorganized and dominated by domestic ice cream parlor brands.
These players continue to enjoy consumer preference with the launch of new, seasonal, nostalgic, and limited-edition flavors. For instance, in addition to Natural Ice Cream’s summer and seasonal specialties like Mango, Chicco, Sitaphal, and Tender Coconut, the brand has also introduced childhood favorites such as Spicy Guava, Cherry Pineapple, and Coffee bite.
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Horizon Databook provides a detailed overview of country-level data and insights on the India ice cream parlor market , including forecasts for subscribers. This country databook contains high-level insights into India ice cream parlor market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India ice cream parlor market size, by type, 2017-2030 (US$M)
India Ice Cream Parlor Market Outlook Share, 2022 & 2030 (US$M)
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