Press release
India Chocolate market to reach USD 4.24 Bn by 2029, emerging at a CAGR of 11.5 percent and forecast 2023-2029
The report offers an in-depth analysis of the India Chocolate Market, investigating the drivers, restraints, trends, and competitive landscape shaping this flourishing industry.
The study employs a robust research methodology, incorporating data from 2015 to forecast market trends until 2027. Special attention is given to the impact of the COVID-19 pandemic and subsequent lockdowns on the market dynamics.
What are India Chocolate market Dynamics:
The advent of dark chocolate and chocolates with Indian flavors like cinnamon, jasmine, chilli, and cardamom are contemporary novelties in the India chocolate market. Products made of premium and dark chocolate have become more and more well-liked as people's concerns about their health and sugar intake have increased. Additionally, sugar-free, gluten-free, organic, and vegan chocolates are now being developed by chocolate manufacturers. Additionally, blueberries, cranberries, and dried fruits have all been attempted in dark chocolate bars. It appears that Indian customers are becoming more health-conscious and are trying to control portion size by moving toward smaller packs and the popularity of bite-sized servings.
As people become more aware of their health and as the amount of adulteration of Indian sweets increases, experts anticipate that the market for chocolate in India will grow exponentially over the coming years. Additionally, customers' impulsive habit to buy chocolates in order to mark fleeting moments of joy has little bearing on the chocolate industry even in times of economic downturn or recession.
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India Chocolate market Regional Insights:
India is emerging as one of the fastest-growing chocolate markets globally. The introduction of multinational brands, increased availability of diverse flavors, and the expansion of online distribution channels are driving market growth. Urban consumers contribute to the majority of chocolate consumption, but significant untapped potential lies in rural areas. The influx of global corporations and the upgrading of rural distribution networks are expected to attract substantial investments to the Indian chocolate sector.
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What is India Chocolate market Segmentation:
by Product Type
Milk Chocolates
Dark Chocolate
White Chocolate
by Product Type
Moulded
Countline
Others
by Packaging Type
Pouches and Bags
Boxed Chocolate
Others
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Who are India Chocolate market Key Players:
• 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
• Others
Table of content for the India Chocolate market includes:
1. Global India Chocolate market: Research Methodology
2. Global India Chocolate market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global India Chocolate market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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