12/27/2023 0 Comments India Ice Cream Market Exceeds USD 3 Billion in 2023, Set to Soar with 13.49% CAGR Till 2030Analyzing the Potential of the India Ice Cream Market (2024-30): Market Share/Size, Dynamics, Industry LandscapeIndia Ice Cream Market Research Report by one of the leading firm named MarkNtel Advisors, has been well-curated and comprises of in-depth information regarding the industry. In this exhaustive study, we've extensively researched the market using a robust methodology. We aim to offer stakeholders precise insights into the industry by addressing all potential queries that investors or participants might have.
We've carefully compiled this report to encompass every critical detail, catering to both major & unpretentious elements of the India Ice Cream Market. Our focus extends to factors influencing market growth—spanning historical, current, and projected data, emerging trends, technological advancements, key insights, recent developments, potential constraints, and various other factors that could greatly shape the industry's orbit in the foreseeable future. Period Considered to Predict the India Ice Cream Market Share, Size, Or Other Statistics:
What is the India Ice Cream Market Size, Share, and Dynamics?The India Ice Cream Market size was valued above USD 3 Billion in 2023 and is further projected to grow at a CAGR of 13.49% during 2024-30. The market is fueled by factors such as rising average mean temperatures, long summers and heat waves, and western & modern lifestyles. The key reason for the expected increase in ice cream sales in the forecasting period is the heat waves that swept the country during the summer months when consumers resorted to ice cream for relief from the high temperatures. According to the Indian Meteorological Department (IMD), the average monthly temperature in March 2022 was 33.1°C, the highest in the previous 122 years. Factor Affecting the India Ice Cream Industry Growth?Growing Developments in Quick Commerce & E-commerce to Drive the Ice Cream Market - Quick commerce and e-commerce have evolved in recent years, allowing customers to consume ice cream in the comfort of their own homes with just a few taps on their smartphones. This ease of use increased ice cream consumption at home. Furthermore, the pandemic influenced customers' consumption of comfort foods such as candy and ice cream. Due to limited mobility and the closure of out-of-home channels, the pandemic also increased ice cream sales via e-commerce. Even after the lockdown was lifted, the habit persisted due to the ease of access and the wide variety of products available online. Who are the Top India Ice Cream Companies in the Market?This section endeavors to offer an in-depth comprehension of market dynamics, emphasizing the significant contributions of major companies and their strategies for achieving success & sustenance. Through this segment, clients can acquire beneficial insights into the competitive scenario and the driving forces behind the growth and evolution of the India Ice Cream Industry. Let us get familiar with these leading competitors:
Examining the India Ice Cream Market Via Segmentation AnalysisGiven the bifurcation in the TOC the India Ice Cream Market is fragmented into several segments, sub-segments, sub-sub-segments, and further. The segmentations are highlighted below: Type > Impulse Ice Cream > Single Portion Dairy Ice Cream > Take-Home Dairy Ice Cream > Artisanal Ice Cream Flavor > Chocolate > Mango > Vanilla > Strawberry > Butterscotch > Others Format > Cup > Stick > Cone > Brick > Others (Sandwich, Tub, etc.) Sales Channel > Grocery Retailers > Hypermarkets/Supermarkets > Convenience Stores > Other Grocery Retailers > Brand Owned Outlets > Ice Cream Carts > Online How is the Market Defined on the basis of the Geographical landscape?On the geographical front, the India Ice Cream Market expands across:
Key Questions Addressed in the India Ice Cream Market Research Report:
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As the working population is increasing, the demand for the proper management of a facility is growing swiftly to bring efficiency to operations. Be it the need for robust security infrastructure, safety & fire mechanism, or hospitality & hygiene maintenance, such are the areas where people aspect exceptional maintenance. Hence, a team of experts is hired or set up dedicated to looking after such aspects of a facility & allow people to focus on their roles. The demand for facility management services has elevated across different countries, including Indonesia, in recent years and is likely to expand further in the future. People are drawn toward attaining facility management services for hard & soft services and usually take up hiring professionals on a contract basis. Awareness about these, the availability of these services is spreading, the industry is undergoing developments across the country.
A recent research report published by MarkNtel Advisors reveals that the Indonesia Facility Management Market is set to register a CAGR of around 9.8% during 2022-27. Numerous factors are backing the potential growth of this industry. So, let us read the blog further to learn more. Key Parameters Augmenting the Demand for Facility Management A swift rise in the establishment of various multinational companies & start-ups across the country, backed by the favorable policies imposed by the government to attract foreign investments has a prominent role in driving the demand for facility management services. In fact, as the number of corporate facilities is escalating, the need for these management services is undergoing direct influence. Besides, increasing tourism & construction activities also have a lot of say in augmenting the demand for facility management services, as it constantly drives the need to keep commercial places like airports, shopping malls, hotels, & other such facilities in top-notch conditions & well-maintained by professionals. Additionally, as construction sites are more prone to accidents, the need for robust facility management systems to look after assets associated with both hard & soft services is fueling the demand for these services and contributing to the industry expansion. Furthermore, the advent of the Covid-19 pandemic is another prominent aspect having remarkable effects on the industry. As people are more conscious & concerned over sanitizations & hygiene, more and more facilities are hiring facility management services to bring greater focus on such issues and address them professionally. Moreover, as the same trend is anticipated to prevail in the coming years, the demand for these services shall rise rapidly for the management of cleanliness & hygiene at workplaces & commercial facilities. A Way Ahead for Facility Management Services in Indonesia Considering all the factors cited above in the blog, it can be said that the potential of facility management across Indonesia is expansive & hint toward a presence of lucrative opportunities for the leading players in the industry. In fact, the rising establishment of corporate companies in the country would have a direct & positive effect on the upsurging demand for facility management across the country in the coming years. Hence, it is estimated that the Indonesia Facility Management Market would attain steady & expansive growth & offer remunerative opportunities for prominent companies in the future. |
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