India Chocolate Market Size 2023-2028, Industry Trends and Business Opportunities

The latest report published by IMARC Group, titled "India Chocolate Market: Industry Trends, Size, Share, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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 increasing consumer preference for premium chocolates majorly drives the market in India. This can be supported by the rising affluence of the middle-class population and their growing exposure to international tastes and trends. Along with this, gifting chocolates on festive occasions, such as Diwali and Raksha Bandhan, has become a cultural norm, thus enhancing the sales of chocolate in the country.

Additionally, India is witnessing a significant shift in consumption patterns, with health-conscious consumers seeking out dark chocolates due to their perceived health benefits. This shift is prompting manufacturers to innovate their product offerings, in turn driving the market's expansion. In the face of these trends, market players are adopting innovative marketing strategies and launching new products to cater to the evolving tastes and preferences of Indian consumers, contributing to the market.

Furthermore, the advent of online retail and e-commerce platforms has made a wide variety of chocolates accessible to consumers, further creating a positive market outlook.

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 beloved confectionery produced from the roasted seeds of Theobroma cacao, the cacao tree. The seeds are extracted, fermented, dried, and ground into cocoa powder or made into a paste called chocolate liquor. This process transforms the bitter seed into a versatile ingredient that can be molded into bars, blended into drinks, or utilized in various culinary applications. It is available in numerous forms, including dark, milk, and white, and is globally recognized and enjoyed for its rich, complex flavor profile that encompasses notes of bitterness, sweetness, and umami. Apart from its exceptional taste, it is also noted for its myriad health benefits, especially dark chocolate, which boasts high antioxidant properties, potential heart health benefits, and mood-enhancing capabilities. It's universal appeal and versatile nature have rendered chocolate a cornerstone in the confectionery industry across the globe.

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.