India Chocolate Market Size, Demand, Industry Trends and Competitive Landscape 2023-2028

IMARC Group has recently released a new research study titled "India Chocolate Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

The India chocolate market size reached US$ 2.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2023-2028.

Download a free sample report to get a detailed overview of the market: https://www.imarcgroup.com/india-chocolate-market/requestsample

India Chocolate Market Trends:

The growing product utilization to prepare various food items, coupled with the changing consumer dietary patterns, are some of the primary factors creating a positive outlook for the market. This is further bolstered by the escalating popularity and influence of social media on individuals' behavior and living standards in India. Moreover, the easy product availability in offline and online distribution channels and inflating consumer per capita income are fueling the market growth. In line with this, leading market manufacturers and sellers are launching healthy product variants to address the growing consumer health consciousness. They are also adopting promotional campaigns, celebrity endorsements, aggressive marketing strategies, and innovative packaging solutions to increase their consumer base, which, in turn, is propelling the market growth. Other factors, such as rapid urbanization, impulsive buying behavior, and the significantly expanding food and beverage (F&B) sector, are influencing the market growth in the country.

India Chocolate Market 2023-2028 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:

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

Key Market Segmentation:

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

Breakup by Type:

• Milk Chocolate
• Dark Chocolate
• White Chocolate

Breakup by Product Form:

• Moulded
• Countline
• Others

Breakup by Packaging Type:

• Pouches and Bags
• Boxed Chocolate
• Others

Breakup by Distribution Channel:

• Retail Sales
• Institutional Sales

Breakup by Region:

• North India
• East India
• West and Central India
• South India

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

Industry Definition and Application:

Chocolate is a sweet preparation made from the fruit of the Theobroma cacao, which is fermented for several days to provide flavor and aroma. The beans are then roasted to obtain nibs used in chocolate-making. Commercially available in various forms, such as pastes, solids, and powder, chocolate is utilized as a popular ingredient in preparing various food products, including candy, pies, ice cream, desserts, and cookies. In India, the demand for chocolates is burgeoning due to the wide availability of different chocolate variants, such as bittersweet, couverture, unsweetened, dark, milk, semisweet, white, and cocoa powder.

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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.