India's ice cream market was valued at ₹30,000 crore ($3.5B) in 2023 and is projected to reach ₹50,000 crore ($5.83B) by 2028 — a CAGR of roughly 10.8% over five years. The more revealing story is in the sub-segments, where premium and health-forward categories are growing at 2–3x the headline rate.