India Packaged Sweets Market Valuation to Reach INR 27,647.5 Crore by 2033, - Expanding at a CAGR of 16%

Attributes and Key Statistics of the India Packaged Sweets Market Report by IMARC Group:

Base Year: 2024

Forecast Years: 2025-2033

Historical Years: 2019-2024

Units: INR Crore

Market Size in 2024: INR 7,268.0 Crore

Market Forecast in 2033: INR 27,647.5 Crore

Market Compound Annual Growth Rate 2025-2033: 16%

As indicated in the latest market research report published by IMARC Group, titled "India Packaged Sweets Market Report by Product Type (Rasgulla and Gulab Jamun, Barfi, Soan Papdi, Peda, Laddoo, and Others), Ingredient Type (Milk and Milk Derivatives, Cereal and Pulses, Dry Fruits, Fruits and Vegetables, and Others), Packaging Type (Boxes, Tin Cans, Plastic Containers), Distribution Channel (Own Brand Stores, Convenience Stores, Supermarkets and Hypermarkets, E-Commerce, Milk Outlets), and Region 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

India Packaged Sweets Market Size & Future Growth Potential:

The India packaged sweets market size was valued INR 7,268.0 Crore in 2024. By 2033, this figure is projected to reach around INR 27,647.5 Crore, with a compound annual growth rate (CAGR) of 16% over the forecast period (2025-2033).

Core Factors Driving Market Trends:

The India packaged sweets market is evolving with changing consumer demand and innovative product offerings. Urban lifestyles and fast-paced living are contributing to a large increase in demand for convenient and ready-to-consume packed sweets in traditional flavors. Convenience is seen with hygiene, beautiful packaging, freshness, and shelf life. With the influence of e-commerce and quick-commerce, direct to virtual retail is gaining traction, making sweets more accessible to urban, semi-urban, and rural areas, driving further demand.

Health trends have also made their mark, with brands offering sugar-free, organic, available claims, and fortified sweet products for diabetic and fitness focused customers. Brands continue to take advantage of the gifting culture surrounding holidays, launching premium assortments and personalized gift boxes, driving uptick demand during holiday seasons. Regional players are now expanding into larger geographic areas, while staying true to localization in flavors, pastries, and traditional recipes - elevating the competitive landscape of the market.

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India Packaged Sweets Market Scope and Growth Analysis:

The India packaged sweets market will have plenty of potential for growth, given the strong cultural acceptance of sweets consumption and potential increases in disposable income for urban consumers. The key players in the packaged sweets market are easily able to leverage a strong distribution network from supermarkets and hypermarkets, to convenience stores, and even online retail. The trends of growing organized retail and private-label retail will continue to assist in growing the size of this market. The growth in packaged sweets is not only seeing consumer consumption from household consumption, but it is also being consumed commercially as gifts for clients, as presents for weddings and festivals, helping the market being largely sold on a year-round basis.

The manufacturers are also investing in the growing packaging technology in order improve product freshness and presentation, two key ingredients of consumer retention. The growth of a middle-class population, a growing, urbanized population may support consumer demand in the future. Government incentives such as food safety standards compliance and assessing the attractiveness of FDI in food processing is creating an attractive operating climate. Regional diversification combined with product innovations are always important strategies for brands looking to increase market share. With consumer demand and retail infrastructure evolving, the packaged sweets market should improve steadily over the coming years.

An In-Depth Analysis of Prominent Companies in the Industry by IMARC Group:

• 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)

Comprehensive Market Report Highlights & Segmentation Analysis:

Product Type Insights:

• Rasgulla and Gulab Jamun
• Barfi
• Soan Papdi
• Peda
• Laddoo
• Others

Ingredient Type Insights:

• Milk and Milk Derivatives
• Cereal and Pulses
• Dry Fruits
• Fruits and Vegetables
• Others

Packaging Type Insights:

• Boxes
• Tin Cans
• Plastic Containers

Distribution Channel Insights:

• Own Brand Stores
• Convenience Stores
• Supermarkets and Hypermarkets
• E-Commerce
• Milk Outlets

Regional Insights:

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

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Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter's Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.

• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.

• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

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