The India chocolate confectionery market is poised for steady growth, with an expected increase of USD 1.7 billion, reflecting a compound annual growth rate (CAGR) of approximately 9% from 2024 to 2029. India’s chocolate confectionery market is rapidly growing, propelled by increasing urbanization, rising disposable incomes, and the influence of Western culture. A burgeoning youth population and a shift from traditional sweets to chocolates as an everyday indulgence are key drivers. Innovations in product flavors and formats, along with the expansion of organized retail and e-commerce, are making chocolates more accessible to a wider audience.
The report delivers an in-depth analysis of the India chocolate confectionery industry, offering extensive market data such as historical market size, growth trajectories, and forward-looking projections. It thoroughly examines key market categories and subcategories, emphasizing critical elements like product type, type and distribution channel. By offering this detailed analysis, the report assists in uncovering the untapped potential of the chocolate confectionery market.
Market Segmentation
The following outlines the segmentation of the India chocolate confectionery market:
Product type: boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, others
Type: regular, sugar-free
Distribution channel: convenience stores, forecourt stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, e-commerce, others
The India chocolate confectionery market is segmented by product type, type and distribution channel. By product type, the market is categorized into boxed chocolates, countlines, pouches and bags, tablets, chocolate with toys, and others. Type segments are divided into regular, and sugar-free. Distribution channel segmentation comprises convenience stores, forecourt stores, supermarkets and hypermarkets, food and drinks stores, grocery stores, e-commerce, and others.
Competitive Landscape
The competitive landscape of the chocolate confectionery industry has been thoroughly analyzed, highlighting key players such as The Hershey Company, Nestle S.A., Mondelez International Inc., Mars Incorporated, Gujarat Co-operative Milk Marketing Federation Limited (GCMMF), global Consumer Products (Pvt) Ltd., Ferrero International S.A. and Chocoladefabriken Lindt & Sprungli AG. This report delivers an in-depth examination of leading companies in the chocolate confectionery sector, analyzing their performance from 2019 to 2023. The results indicate changes in market share, emphasizing both established leaders and new entrants.
Why Buy This Report?
Obtain precise statistical data and forecasts for the India chocolate confectionery market.
Gain in-depth analysis and forecasts for the key segments of the India chocolate confectionery market: product type, type and distribution channel.
Develop region-specific strategies and set strategic priorities based on localized data analysis.
Gain deep insights into the dynamics of the India chocolate confectionery market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the India chocolate confectionery market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
India Chocolate Confectionery Market – Product Type Analysis
India Chocolate Confectionery Market – Type Analysis
India Chocolate Confectionery Market – Distribution Channel Analysis
Key Players and Market Share
– The Hershey Company
– Nestle S.A.
– Mondelez International Inc.
– Mars, Incorporated
– Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
– Global Consumer Products (Pvt) Ltd.
– Ferrero International S.A.
– Chocoladefabriken Lindt & Sprungli AG
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table India Chocolate Confectionery Market 2019-2029
Chart India Chocolate Confectionery Market, Net Growth, 2019-2029
Chart India Chocolate Confectionery Market, Growth Rates, 2019-2029
Table India Chocolate Confectionery Market by Product Type, 2019-2029
Chart India Chocolate Confectionery Market by Product Type, CAGR Historic and Forecast, 2019-2029
Chart India Chocolate Confectionery Market by Product Type, 2019-2029
Table India Chocolate Confectionery Market by Type, 2019-2029
Chart India Chocolate Confectionery Market by Type, CAGR Historic and Forecast, 2019-2029
Chart India Chocolate Confectionery Market by Type, 2019-2029
Table India Chocolate Confectionery Market by Distribution Channel, 2019-2029
Chart India Chocolate Confectionery Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart India Chocolate Confectionery Market by Distribution Channel, 2019-2029
Table India Chocolate Confectionery Market Share (%), by Companies, 2019-2023
Chart India Chocolate Confectionery Market, by Companies, 2023
Table India Chocolate Confectionery Market Share (%), by Brands, 2019-2023
Chart India Chocolate Confectionery Market, by Brands, 2023
Table India – Population (Millions) and Forecast
Table India – Consumer Price Index (CPI) and Forecast
Table India – Gross Domestic Product and Forecast
Table India Chocolate Confectionery Market: Spend as a Proportion of GDP (%)
Table India Chocolate Confectionery Market: Consumption per Capita (Population)
Companies Mentioned
The Hershey Company
Nestle S.A.
Mondelez International Inc.
Mars, Incorporated
Gujarat Co-operative Milk Marketing Federation Limited (GCMMF)
Global Consumer Products (Pvt) Ltd.
Ferrero International S.A.
Chocoladefabriken Lindt & Sprungli AG