India Chocolate Market Research Report, Size, Share, Trends and Forecast to 2026

According to IMARC Group's latest report, titled "India Chocolate Market: Industry Trends, Size, Share, 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 grow at a CAGR of 11.3% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Chocolate refers to a consumable food product that is available in the market in various forms, such as blocks, cubes and molten. It is obtained by roasting cacao seeds that are found in the pods of the Theobroma cacao trees. Widely available in milk, white and dark variants, it is commonly characterized by a brown color and a sweet taste. It is a rich source of numerous alkaloids, such as phenethylamine, caffeine, theobromine and flavonoids. As a result, it is used as a flavoring ingredient in the preparation of various food products, including cake, cookies, brownies, milkshakes, pudding and ice creams.

Market Trends and Drivers:

The India chocolate market is primarily driven by the growing awareness regarding the numerous health benefits of dark chocolate. Cocoa-rich dark chocolates are a good source of antioxidants that comprise soluble fibers and bioactive compounds. Their regular consumption in moderation is often associated with improving brain function, lowering blood pressure levels and reducing the chances of developing cardiac diseases. This, along with the inflating disposable incomes of the masses and the shifting spending patterns of individuals, is providing a thrust to the market.

The escalating sales of chocolates are further being supported by the large demographic of young people in the country. The market is also driven by the significant growth in the food and beverages sector in India, where chocolate is widely employed as a crucial ingredient. Coupled with the increasing popularity of western dishes and desserts in the country and the rapid expansion of organized online and offline retail sectors, this is acting as a major growth-inducing factor. The rising popularity of chocolates as festive gifts and the easy availability of sugar- and gluten-free variants are some of the other factors driving the market growth further in the country.

India Chocolate Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

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:

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

Key Market Segmentation:

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

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

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

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1185&flag=C

Key Highlights of the Report:

Market Performance (2015-2020)
Market Outlook Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

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.

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This release was published on openPR.