According to the latest research report by IMARC Group, titled “India Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the India chocolate market reached a value of US$ 1.9 Billion in 2020. Looking forward, IMARC Group expects the market to continue its strong growth during 2021-2026.
Chocolate, extracted from the roasted cacao seeds, is primarily used in confectioneries and bakery products. The surging demand for chocolates in the food and beverage industry is one of the major factors augmenting the India chocolate market growth. Furthermore, the wide availability of chocolates in different forms, such as dark chocolate, chocolate syrup, milk chocolate, sprinkles, etc., also propels the product demand across the country. Additionally, the rising popularity of molded chocolates in innovative solid shapes and sizes, further drives the Indian chocolate market growth.
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The changing consumer inclination towards newer chocolate variants infused with additional flavors is currently driving the product demand in India. Moreover, the rising consumer awareness towards several health benefits associated with dark chocolate, further bolsters the Indian chocolate market growth. Besides this, the emergence of the e-commerce sector in India has allowed chocolate manufacturers to efficiently conduct business-to-consumer operations, thereby expanding their consumer base. Additionally, changing tastes and preferences of the health-conscious consumers have led to the introduction of gluten-free chocolates in the market. Furthermore, the premiumization of chocolate-based products, along with the increasing penetration of innovative packaging, is further expected to boost the India chocolate market growth.
India Chocolate Market 2021-2026 Competitive Analysis and Segmentation:
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
- Nestlé India Limited
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Ferrero India Private Limited
- Surya Food & Agro Ltd.
- Lotus Chocolate Company Limited
- ITC Limited
- Mars International India Private Limited
- Hershey India Private Limited
- Global Consumer Products Private Limited
The report has segmented the India chocolate market on the basis of region, type, product form, packaging type and distribution channel.
- Market Breakup by Region
- North India
- East India
- West and Central India
- South India
- Market Breakup by Type
- Milk Chocolate
- Dark Chocolate
- White Chocolate
- Market Breakup by Product Form
- Market Breakup by Packaging Type
- Pouches and Bags
- Boxed Chocolate
- Market Breakup by Distribution Channel
- Retail Sales
- Institutional Sales
Explore full report with table of contents: https://www.imarcgroup.com/india-chocolate-market
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- The Impact of COVID-19 on the Market
- Market Drivers and Success Factors
- Market Trends
- Value Chain Analysis
- Porters Five Forces Analysis
- PESTEL Analysis
- Comprehensive mapping of the competitive landscape
- Government Regulations
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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