Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Million |
|---|---|
| 2018 | 3368.8025700355865 USD Million |
| 2019 | 3548.4523741018475 USD Million |
| 2020 | 3701.8489815581834 USD Million |
| 2021 | 3836.8488465860287 USD Million |
| 2022 | 3989.083038123726 USD Million |
| 2023 | 4146.329467333176 USD Million |
| 2024 | 4333.705133634311 USD Million |
| 2025 | 4533.678907628697 USD Million |
| 2026 | 4747.2734051434745 USD Million |
| 2027 | 4975.607868089328 USD Million |
| 2028 | 5266.431555824792 USD Million |
| 2029 | 5579.688339293992 USD Million |
| 2030 | 5917.432261429867 USD Million |
| 2031 | 6281.932452911137 USD Million |
| 2032 | 6675.707855607189 USD Million |
Data Source: Wantstats Repository
Market Dynamics
India is the third largest producer of ice cream in the world and accounts for more than 12% of the global ice cream market. The Indian ice cream market has seen promising growth in the past few years, as the country is one of the most populous countries with an ever-growing middle-class population.The Indian consumer's advantage in terms of inherent versatility and the availability of a wide range of ice cream flavours, have enabled the Indian ice cream market to increasingly become a favourite of millions of consumers across the country. Moreover, the trend of eating ice cream as a snack is on the rise, which is giving the industry an unprecedented boost.The Indian ice cream market is predicted to experience robust growth in the near future, as manufacturers continuously innovate to provide increasingly enhanced flavors. Manufacturers are utilizing novel ingredients to make products that cater to an ever-growing demand. Also, manufacturers are employing new technologies to make sure the quality of their products is consistent.Apart from traditional scoop ice cream, Indian consumers are opting increasingly for novel forms such as packaged ice cream desserts, briquettes, sticks, bars, and more.
The availability of multiple forms of ice cream makes the selection process much easier, and manufacturers are launching various combinations and flavours to cater to this growing trend.The success of prominent companies in India has encouraged new players to enter the Indian Ice Cream market, resulting in a surge in competition and providing consumers with options. This is enabling products to become more affordable and drive more sales. Moreover, e-commerce platforms like Amazon and Flipkart are making it easier for manufacturers and brands to reach a wider audience, making for greater market potential.Further, the upcoming years will see a greater focus on health-based butter/ milk- substitute ice creams, and non- dairy products. With India's becoming increasingly health-conscious, demand for such alternatives is expected to soar. This, coupled with innovation, unceasing product availability, government subsidies, and adoption of digital tools, augurs well for the Indian Ice Cream market.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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