Indian ice cream sector grows by Rs. 3,000 cr to Rs. 12,000 cr in one year

The Indian ice cream industry is one of the fastest-growing segments in the dairy or food processing industry. From Rs. 9,000 crore in 2016, the ice cream category has jumped to Rs. 12,000 crore in 2017. This was stated by Sudhir Shah, managing director, Scoops Ice Cream, and secretary, Indian Ice Cream Manufacturers’ Association (IICMA), at the seventh essay of the Indian Ice Cream Congress and Expo (IICE), which concluded at the Bombay Convention and Exhibition Centre, Goregaon (East), Mumbai, recently. The two-day event was organised by IICMA and Aim Events, with Bluestar India being the title sponsor. It was inaugurated by Maharashtra’s industries minister Subhash Desai and attended by national and international ice cream players. “While the ice cream industry in India is growing at the rate of 15-20 per cent year-on-year, its per capita consumption is a paltry 450ml, vis-a-vis the corresponding amounts consumed in the United States (22,000ml) and China (3,000ml),” Shah said. “With the improving cold chain infrastructure in the country, coupled with the increasing disposable incomes and the changing lifestyles, the sector has great potential for growth,” he added. Rajesh Gandhi, managing director, Vadilal Industries Ltd, and president, IICMA, said, “it was just not the per capita consumption of ice cream which was increasing, but also the consumers’ demand for the delicacy.” Gandhi said, “Manufacturers are now investing on their capacity expansion, as well as innovating with new flavours, and this event is the perfect platform to share innovative ideas.” Shah duly acknowledged the role of ice cream parlours as they didn’t just contribute to the companies’ growth, but to the development of the industry as well. They become the focal points, as ice cream lovers associate with several popular brands through them.