India ice cream market is expected to grow fast.

Ice cream market in India grew at a moderate pace over the past few years, on account of increasing number of international ice cream brands entering the Indian market and improving cold storage facilities. Moreover, India is the largest producer of milk, as the country accounts for over 1/5th of global milk production, thereby offering ice cream market in the country with large volume of raw material for manufacturing of ice creams.

Ice cream market is forecast to exhibit a CAGR (Compound Annual Growth Rate) of over 17% during 2016-2021 due to growing number of flavors, coupled with rising purchasing power.