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India Chocolate Market Size, Future Growth, Opportunities and Trends 2021-2026 With Industry Structure and Competitive Outlook

04-08-2021 07:38 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: IMARC Group

According to IMARC Group’s latest report, titled “India Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the India chocolate market reached a value of US$ 1.9 Billion in 2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026.

Chocolate, extracted from the roasted cacao seeds, is primarily used in confectioneries and bakery products. The surging demand for chocolates in the food and beverage industry is one of the major factors augmenting the India chocolate market growth. Furthermore, the wide availability of chocolates in different forms, such as dark chocolate, chocolate syrup, milk chocolate, sprinkles, etc., also propels the product demand across the country. Additionally, the rising popularity of molded chocolates in innovative solid shapes and sizes, further drives the Indian chocolate market growth.

The changing consumer inclination towards newer chocolate variants infused with additional flavors is currently driving the product demand in India. Moreover, the rising consumer awareness towards several health benefits associated with dark chocolate, further bolsters the Indian chocolate market growth. Besides this, the emergence of the e-commerce sector in India has allowed chocolate manufacturers to efficiently conduct business-to-consumer operations, thereby expanding their consumer base. Additionally, changing tastes and preferences of the health-conscious consumers have led to the introduction of gluten-free chocolates in the market. Furthermore, the premiumization of chocolate-based products, along with the increasing penetration of innovative packaging, is further expected to boost the India chocolate market growth.

Get a PDF sample of this report for more detailed market insights: https://www.imarcgroup.com/india-chocolate-market/requestsample

India Chocolate Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the India chocolate market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Nestle India Limited
ITC Limited
Ferrero India Private Limited
Gujarat Cooperative Milk Marketing Federation Ltd.
Surya Food & Agro Ltd.
Mondelez India Foods Private Limited
Mars International India Private Limited
Global Consumer Products Private Limited
Lotus Chocolate Company Limited
Hershey India Private Limited

The report has segmented the India chocolate market on the basis of region, type, product form, packaging type and distribution channel.

Market Breakup by Type:
Milk Chocolate
Dark Chocolate
White Chocolate

Market Breakup by Product Form:
Moulded
Countline
Others

Market Breakup by Packaging Type:
Pouches and Bags
Boxed Chocolate
Others

Market Breakup by Distribution Channel:
Retail Sales
Institutional Sales

Market Breakup by Region:
North India
East India
West and Central India
South India

Explore full report with table of contents: https://www.imarcgroup.com/india-chocolate-market

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Drivers and Success Factors
Industry Trends
The Impact of COVID-19 on the Market
Value Chain Analysis
Structure of the Market
Porters Five Forces Analysis
PESTEL Analysis
Comprehensive mapping of the competitive landscape
Government Regulations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Related Reports:

India Organic Food Market Report: https://www.imarcgroup.com/indian-organic-food-market

Ghee Market in India: https://www.imarcgroup.com/ghee-market-india

UHT Milk Market in India: https://www.imarcgroup.com/uht-milk-market-india

India Dietary Supplements Market Report: https://www.imarcgroup.com/india-dietary-supplements-market

Indian Food Processing Market Report: https://www.imarcgroup.com/indian-food-processing-market

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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