19.1% CAGR, India Packaged Sweets Market Growth to Surpass INR 15,057.2 Crore 2023-2028 - Exclusive Report by IMARC Group

How Big is the India Packaged Sweets Market?

The India packaged sweets market size reached INR 5,230.7 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 15,057.2 Crore by 2028, exhibiting a growth rate (CAGR) of 19.1% during 2023-2028.

Packaged sweets, often referred to as confectionery or candy, are food products that are processed, flavored, and packaged for consumption. They are typically characterized by their sweet taste and are enjoyed as treats or desserts. They are usually made from ingredients like sugar and flavorings and often include additional components, such as nuts, fruits, or chocolate. They are produced through various methods, including boiling, baking, or mixing, depending on the type. They provide a quick source of energy due to their sugar content, making them useful for a quick energy boost. They aim to maintain freshness, extend shelf life, and provide convenience to consumers. They offer consistent taste, ensure hygiene, and facilitate easy transportation. They are served during festivals and are gifted during holidays, birthdays, and special occasions.

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Some of the Top Key players in the India Packaged Sweets Market

Banchharam, Bikanervala Foods Private Limited, Bikaji Food International Limited, Bihar State Co-operative Milk Producers Federation Limited (COMFED), Gujarat Co-operative Milk Marketing Federation Limited, Haldiram's, Karnataka Co-operative Milk Producers Federation Limited (KMF), KC Das Private Limited, Lal Sweets Private Limited, Orissa State Co-operative Milk Producers Federation Limited (OMFED), Parag Milk Foods Limited, Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF),

What are the growth prospects and trends in the India Packaged Sweets industry?

At present, the increasing demand for premium and innovative sweets made with high-quality ingredients represents one of the crucial factors impelling the growth of the market in India. Additionally, the growing popularity of sweets made with reduced sugar, organic ingredients, and fortified nutrients is positively influencing the market. Besides this, the rising number of retail channels and online platforms, which offer a wide variety of sweets and the convenience of home delivery to buyers, is strengthening the market growth in the country.

Moreover, the increasing efforts by manufacturers in marketing and branding that emphasize the quality and authenticity of their packaged sweets are supporting the market growth. In addition, the growing trend of culinary experimentation, where traditional Indian sweets are given a contemporary twist by integrating international ingredients and flavors to appeal to a broader consumer base, is offering a favorable market outlook.

Furthermore, the rising advancements in packaging technology to maintain the freshness of packaged sweets for long periods are boosting consumer trust in packaged sweets. Apart from this, the increasing availability of popular regional packaged sweets is allowing consumers to explore desserts from different parts of India without geographical constraints.

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Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:
• Rasgulla and Gulab Jamun
• Barfi
• Soan Papdi
• Peda
• Laddoo
• Others

Breakup by Ingredient Type:
• Milk and Milk Derivatives
• Cereal and Pulses
• Dry Fruits
• Fruits and Vegetables
• Others

Breakup by Packaging Type:
• Boxes
• Tin Cans
• Plastic Containers

Breakup by Distribution Channel:
• Own Brand Stores
• Convenience Stores
• Supermarkets and Hypermarkets
• E-Commerce
• Milk Outlets

Breakup by Region:
• North India
• West and Central India
• South India
• East India

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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