The import of ice cream and other edible ice to India is forecasted to rise steadily from 2024 to 2028, starting at 2.65 million kilograms in 2024 and reaching 3.12 million kilograms by 2028. The year-on-year growth rate is approximately 4.5% over this period, indicating a consistent upward trend. In 2023, actual imports were notably lower, highlighting a growing market demand. The compound annual growth rate (CAGR) over the next five years is anticipated to be around 4.5%, reflecting robust and sustained interest in ice cream imports.
Future trends to watch for include:
- Rising urbanization and disposable incomes in India driving higher demand for imported ice creams.
- Potential impact of domestic production capabilities expanding, possibly affecting imports.
- Trends in health consciousness that might shape the variety of imported ice creams, such as low-calorie or organic options.
- Changes in international trade policies and tariffs that could influence import volumes and costs.
