India Confectionery Market Research Report, Key Insights, Future Outlook, Growth Strategies, Forecast 2023-28

The latest report by IMARC Group, titled "India Confectionery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the India confectionery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The India confectionery market size reached INR 338.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 485.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

Confectionery refers to a wide range of food products that are rich in sugar and other artificial sweeteners. It is prepared using various ingredients, including stabilizers, emulsifiers, gelling, flavoring, and thickening agents, which help in improving the texture, appearance, and elasticity of products. These compounds are similar to sugar in terms of texture, taste, and interaction with ingredients. It is low in micronutrients and high in calories, due to which they offer various benefits, such as helping in enhancing mood, acting as a source of antioxidants, offering instant energy, improving cognitive function, providing comfort, and relieving stress. Some commonly available confectionery includes cakes, doughnuts, chocolates, ice cream, cookies, candies, jellies, chewing gums, hard sweets, and lollipops. It is widely available across supermarkets, online platforms, retail shops, bakery stores, and hypermarkets.

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India Confectionery Market Trends:

The growing demand for ready-to-eat (RTE) food products among the masses is driving the confectionery market in India. Along with this, shifting consumer preferences towards healthy, sustainable, and clean-label confectionery is contributing to the demand across the country. In response to the escalating demand, numerous major companies are introducing gluten-free and organic product variants with no additives and preservatives and reduced allergens, which are gaining prominence among the masses.

Besides, continual advancements in ambient storage conditions and the advent of anti-microbial packaging solutions are creating a positive market outlook. Other factors, such as inflating disposable income levels of the masses, the advent of home delivery models, and constant improvements in organized distribution channels and emerging e-commerce sectors, are also influencing the market across India.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-confectionery-market

Key Market Segmentation:

Breakup by Product Type:

• Hard-boiled Sweets
• Mints
• Gums and Jellies
• Chocolate
• Caramels and Toffees
• Medicated Confectionery
• Fine Bakery Wares
• Others

Breakup by Age Group:

• Children
• Adult
• Geriatric

Breakup by Price Point:

• Economy
• Mid-range
• Luxury

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Pharmaceutical and Drug Stores
• Online Stores
• Others

Competitive Landscape:

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

Breakup by Region:

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

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

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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.

This release was published on openPR.