💡 A Deep Dive into India's Rs. 22,860 Crore+ Ice Cream Industry
ReadOn Insights June Report: India's Ice Cream Industry. Read on!
ReadOn Insights is our latest initiative to make quality industry insights available to all business owners, employees, professionals and investors and enable them to think sharper, deeper, smarter.
In the eleventh edition, we look at the Rs. 22,860 Crore+ ice cream industry in India.
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👉 India's ice cream industry is growing at a 17.4% CAGR, much higher than the global 3.1% CAGR.
👉 Rising disposable incomes, urbanisation, increasing health consciousness are driving growth for the premium ice cream segment. And oh, heatwaves are expected to surge sales over 15-20%!
👉 From the nostalgic orange stick to the unbelievable chilli guava cup, there are endless products in this space.
With established brands like Amul and Vadilal and new age brands stirring innovation, the future of this industry looks very exciting!
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What a co-incidence, I just saw the podcast on an ice-cream brand Hocco 😅