The Indian ice cream industry is one of the fastest growing segments of the dairy or food processing industry. Ice cream is one such food that is in great demand during the summer season. And the demand remains in the winter season also. Ice Cream Market is driven by the increasing population, economic development, and the rising purchasing power of consumers. Ice cream is a sweetened frozen food typically eaten as a snack or dessert. It may be made from dairy milk or cream and is flavoured with a sweetener, either sugar or an alternative, and a spice, such as cocoa or vanilla, or with fruit such as strawberries or peaches. It can also be made by whisking a flavored cream base and liquid nitrogen together. Colorings are sometimes added, in addition to stabilizers. The mixture is cooled below the freezing point of water and stirred to incorporate air spaces and to prevent detectable ice crystals from forming. The result is smooth, semi-solid foam that is solid at very low temperatures (below 2 °C or 35 °F). It becomes more malleable as its temperature increases. Ice cream may be served in dishes, for eating with a spoon, or licked from edible cones. Ice cream may be served with other desserts, such as apple pie, or as an ingredient in ice cream floats, sundaes, milkshakes, ice cream cakes and even baked items, such as Baked Alaska. Ice cream refers to a frozen dessert made of milk, sugar, cream, eggs, berries, and flavours. This also includes stabilizers, like gluten, to ensure a smooth texture of the mixture. It is distinguished by a smooth, fluffy texture that is accomplished by rapidly shaking the frozen mixture to prevent the development of large ice crystals. Vanilla, chocolate, raspberry, strawberry, and butterscotch are among the most popular flavourings used in ice cream.
The global ice cream market stood at a value of INR 461, 600 Crores in 2020. The market is further anticipated to grow in the forecast period of 2021-2026 at a CAGR of 7.5% to reach INR 712, 100 Crores by 2026. The India ice cream market reached a value of INR 20, 100.4 Crores in 2020. The market is further expected to grow at a value of approximately INR 44, 200 Crores by 2026. Based on the flavour, the vanilla flavour is expected to account for the major market share in 2020. On the basis of category, the impulse segment dominated the market. Based on the distribution channel, the supermarkets and hypermarkets represent the dominant market segment and anticipated to retain its dominance over the forecast period. Regionally, the Asia Pacific holds the leading position in the market. Ice cream is currently considered to be one of India's most popular desserts. Due to the prevailing hot and humid climate in the region, as well as the shift in customer food tastes, dessert sales are constantly increasing throughout the region. Maharashtra is one of the largest markets, accounting for almost 15% of the total India ice cream market share. It is being followed by Uttar Pradesh and Gujarat, among other major regions.
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