ShareIce cream market in India
Ice cream in India is expected to see current retail value growth of 20% in 2013, down from 22% in the previous year due to an increase in unit prices.
According to a new report from Euromonitor International, ice cream in India is expected to see current retail value growth of 20% in 2013, down from 22% in the previous year due to an increase in unit prices.
The growing economy, along with increased disposable incomes, ensured that the growth rate of ice cream continued to be high in 2013.
Gujarat Co-operative Milk Marketing Federation continued to be the category leader with an anticipated retail value share of 31% in 2013. During the year, the company’s Amul Parlor network expanded at a rate of three stores every day taking the total of its exclusive stores to 7,000.
Hindustan Unilever, with an anticipated retail value share of 21%, and Mother Dairy Fruit & Vegetable with a value share of 13%, were the next leading players in 2013.
Ice cream is expected to perform well during the forecast period 2012-2017 in both retail volume and constant value sales with compound annual growth rate (CAGR) of 10% and 8%, respectively. Rising purchasing power, the high quality of leading brands, and new product developments in terms of flavours and types of ice cream products will support this strong performance of ice creams over the forecast period.
The growing economy, along with increased disposable incomes, ensured that the growth rate of ice cream continued to be high in 2013.
Gujarat Co-operative Milk Marketing Federation continued to be the category leader with an anticipated retail value share of 31% in 2013. During the year, the company’s Amul Parlor network expanded at a rate of three stores every day taking the total of its exclusive stores to 7,000.
Hindustan Unilever, with an anticipated retail value share of 21%, and Mother Dairy Fruit & Vegetable with a value share of 13%, were the next leading players in 2013.
Ice cream is expected to perform well during the forecast period 2012-2017 in both retail volume and constant value sales with compound annual growth rate (CAGR) of 10% and 8%, respectively. Rising purchasing power, the high quality of leading brands, and new product developments in terms of flavours and types of ice cream products will support this strong performance of ice creams over the forecast period.