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India Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

India chocolate market reached a value of US$ 1,495 Million in 2018 with the country currently representing one of the world’s fastest growing markets for chocolates. India’s strong economic growth over the past decade has catalyzed the country’s per capita disposable incomes resulting in the strong growth of the chocolate industry. As a result, consumers are now buying chocolates for everyday consumption rather than just special occasions. Another major factor driving the chocolate industry is the country’s large young population which represents a key consumer segment for chocolates. Currently around half of the total population in India is below the age of 25 years and two thirds are below the age of 35 years. Other factors driving the market include changing lifestyles, westernization, growth of the food services sector, value addition, etc. Driven by these factors chocolates are replacing traditional sweets in the country. Looking forward, we expect the chocolate market in India to reach revenues worth US$ 3,281 Million, growing at a CAGR of 14% during 2019-2024

India Chocolate Market Report

Report Scope:

  • Historical Market Trends
  • 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
    • Moulded
    • Countline
    • Others
  • Market Breakup by Packaging Type
    • Pouches and Bags
    • Boxed Chocolate
    • Others
  • Market Breakup by Distribution Channel
    • Retail Sales
    • Institutional Sales
  • Value Chain Analysis
  • Key Drivers and Challenges
  • Porters Five Forces Analysis
  • PESTEL Analysis
  • Government Regulations


Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Mondelez India Foods Private Limited, Ferrero India Private Limited, Nestlé India Limited, Mars International India Private Limited, Gujarat Cooperative Milk Marketing Federation Ltd., Hershey India Private Limited, Global Consumer Products Private Limited, Surya Food & Agro Ltd., Lotus Chocolate Company Limited and ITC Limited.

Key Questions Answered in This Report:

  • How has the Indian chocolate market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the Indian chocolate industry?
  • What is the breakup of the Indian chocolate market on the basis of type?
  • What is the breakup of the Indian chocolate market on the basis of product form?
  • What is the breakup of the Indian chocolate market on the basis of packaging type
  • What is the breakup of the Indian chocolate market on the basis of distribution channel?
  • What are the various stages in the value chain of the Indian chocolate industry?
  • What are the key driving factors and challenges in the Indian chocolate industry?
  • What is the structure of the Indian chocolate industry and who are the key players?
  • What is the degree of competition in the Indian chocolate industry?
  • What are the profit margins in the Indian chocolate industry?


Report Coverage:

  • Base Year Considered: 2018
  • Historical Data Coverage: 2013-2018
  • Market Forecast: 2019-2024
  • Currency: US$
  • Geography Covered: India
  • Segments Covered: type, product form, packaging type, distribution channel and region


This report provides a deep insight into the Indian chocolate market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for chocolate manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian chocolate market in any manner.

Report Customization: Although IMARC has tried to cover everything in the India chocolate market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man-hours of free customization for each report.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   India Chocolate Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Type
    5.4    Market Breakup by Product Form
    5.5    Market Breakup by Packaging Type
    5.6    Market Breakup by Distribution Channel
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Overview
        5.10.2    Cocoa Growers
        5.10.3    Cocoa Grinders
        5.10.4    Coverture/Industrial Chocolate Manufacturers
        5.10.5    End Use Industries
        5.10.6    Chocolate Manufacturers
        5.10.7    Distributors
        5.10.8    Exporters
        5.10.9    Retailers
    5.11    Porters Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    PESTEL Analysis
        5.12.1    Political
        5.12.2    Economic
        5.12.3    Social
        5.12.4    Legal
        5.12.5    Environmental
        5.12.6    Technological
    5.13    Price Analysis
        5.13.1    Key Price Indicators
        5.13.2    Price Structure
        5.13.3    Margin Analysis
6   Market Breakup by Type
    6.1    Milk Chocolate
        6.1.1    Market Trends
       6.1.2    Market Forecast
    6.2    Dark Chocolate
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    White Chocolate
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Product Form
    7.1    Moulded 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Countlines
        7.2.1    Market Trends
        7.2.2    Market Forecast
     7.3    Others
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Packaging Type
    8.1    Pouches and Bags
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Boxed Chocolate
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Others 
        8.3.1    Market Trends
        8.3.2    Market Forecast
9   Market Breakup by Distribution Channel
    9.1    Retail Sales
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Institutional Sales
        9.2.1    Market Trends
        9.2.2    Market Forecast
10  Market Breakup by Region
    10.1    North India
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    West and Central India
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    South India
        10.3.1    Market Trends
        10.3.2    Market Forecast
     10.4    East India
        10.4.1    Market Trends
        10.4.2    Market Forecast
11  Government Regulations
12  Strategic Recommendations
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Mondelez India Foods Private Limited
        13.3.2    Ferrero India Private Limited
        13.3.3    Nestlé India Limited
        13.3.4    Mars International India Private Limited
        13.3.5    Gujarat Cooperative Milk Marketing Federation Ltd. 
        13.3.6    Hershey India Private Limited
        13.3.7    Global Consumer Products Private Limited
        13.3.8    Surya Food & Agro Ltd. 
        13.3.9    Lotus Chocolate Company Limited 
        13.3.10     ITC Limited 


List of Figures

Figure 1: India: Chocolate Market: Major Drivers and Challenges
Figure 2: India: Chocolate Market: Sales Value (in Million US$), 2013-2018
Figure 3: India: Chocolate Market: Breakup by Type (in %), 2018
Figure 4: India: Chocolate Market: Breakup by Product Form (in %), 2018
Figure 5: India: Chocolate Market: Breakup by Packaging Type (in %), 2018
Figure 6: India: Chocolate Market: Breakup by Distribution Channel (in %), 2018
Figure 7: India: Chocolate Market: Breakup by Region (in %), 2018
Figure 8: India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 9: India: Chocolate Industry: SWOT Analysis
Figure 10: India: Chocolate Industry: Value Chain Analysis
Figure 11: India: Chocolate Industry: Porter’s Five Forces Analysis
Figure 12: India: Chocolate Industry: PESTEL Analysis
Figure 13: India: Chocolate (Milk Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 14: India: Chocolate (Milk Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: India: Chocolate (Dark Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 16: India: Chocolate (Dark Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: India: Chocolate (White Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 18: India: Chocolate (White Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: India: Chocolate (Pouches and Bag) Market: Sales Value (in Million US$), 2013 & 2018
Figure 20: India: Chocolate (Pouches and Bags) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: India: Chocolate (Boxed Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 22: India: Chocolate (Boxed Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: India: Chocolate (Other Packaging Types) Market: Sales Value (in Million US$), 2013 & 2018
Figure 24: India: Chocolate (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: India: Chocolate (Moulded) Market: Sales Value (in Million US$), 2013 & 2018
Figure 26: India: Chocolate (Moulded) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: India: Chocolate (Countlines) Market: Sales Value (in Million US$), 2013 & 2018
Figure 28: India: Chocolate (Countlines) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: India: Chocolate (Other Forms) Market: Sales Value (in Million US$), 2013 & 2018
Figure 30: India: Chocolate (Other Forms) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: India: Chocolate Market: Retail Sales (in Million US$), 2013 & 2018
Figure 32: India: Chocolate Market Forecast: Retail Sales (in Million US$), 2019-2024
Figure 33: India: Chocolate Market: Institutional Sales (in Million US$), 2013 & 2018
Figure 34: India: Chocolate Market Forecast: Institutional Sales (in Million US$), 2019-2024
Figure 35: North India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 36: North India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: West and Central India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 38: West and Central India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: South India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 40: South India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: East India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 42: East India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: India: Chocolate Market: Key Industry Highlights, 2018 and 2024
Table 2: India: Chocolate Market Forecast: Breakup by Type (in Million US$), 2019-2024
Table 3: India: Chocolate Market Forecast: Breakup by Product Form (in Million US$), 2019-2024
Table 4: India: Chocolate Market Forecast: Breakup by Packaging Type (in Million US$), 2019-2024
Table 5: India: Chocolate Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 6: India: Chocolate Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: India: Chocolate Market: Competitive Structure
Table 8: India: Chocolate Market: Key Players

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