Production volume of ice cream in India FY 2015-2020

India produced more than 200 million liters of ice cream in the financial year 2020. This was a significant increase since 2015.

Sweet refreshment

Ice cream is a popular refreshment for Indians during the country’s hot summer months. Western parts of the country in particular, accounted for a high share of ice cream consumption within the dairy market. With a wide price range of ice cream retail products, starting from just a few rupees, allows for consumption across socio-economic groups. While retail was fragmented by unorganized players, Baskin Robbins outnumbered other branded outlets.

Dairy products in the Indian FMCG market

The FMCG market has seen a massive increase in revenue, underlining its importance for the Indian economy. Food, including dairy products constitute the second largest category in the FMCG sector. Unprocessed milk is the most consumed dairy product in India. Ice cream lagged far behind in monthly per capita consumption, but the overall processed food spending is on a rise. Moreover, the expansion of refrigerated transportation and rising incomes in the rural areas, underline the market potential yet to be filled.