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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

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 Category
    • Chocolates Pouches and Bags
    • Boxed Chocolates
    • Countlines
    • Tablets
    • Others
  • Market Breakup by Distributional 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 category?
  • 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, category, 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 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 Category
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Cocoa Growers
        5.9.3    Cocoa Grinders
        5.9.4    Coverture/Industrial Chocolate Manufacturers
        5.9.5    End Use Industries
        5.9.6    Chocolate Manufacturers
        5.9.7    Distributors
        5.9.8    Exporters
        5.9.9    Retailers
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    PESTEL Analysis
        5.11.1    Political
        5.11.2    Economic
        5.11.3    Social
        5.11.4    Legal
        5.11.5    Environmental
        5.11.6    Technological
    5.12    Price Analysis
        5.12.1    Price Indicators
        5.12.2    Price Structure
        5.12.3    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 Category
    7.1    Chocolates Pouches and Bags
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Boxed Chocolates
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Countlines
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Tablets
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Retail Sales
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Institutional Sales
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Region
    9.1    North India
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    West and Central India
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    South India
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    East India
        9.4.1    Market Trends
        9.4.2    Market Forecast
10    Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
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$), 2013-2018
Figure 3: India: Chocolate Market: Breakup by Type (in %), 2018
Figure 4: India: Chocolate Market: Breakup by Category (in %), 2018
Figure 5: India: Chocolate Market: Breakup by Distribution Channel (in %), 2018
Figure 6: India: Chocolate Market: Breakup by Region (in %), 2018
Figure 7: India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 8: India: Chocolate Industry: SWOT Analysis
Figure 9: India: Chocolate Industry: Value Chain Analysis
Figure 10: India: Chocolate Industry: Porter’s Five Forces Analysis
Figure 11: India: Chocolate Industry: PESTEL Analysis
Figure 12: India: Chocolate (Milk Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 13: India: Chocolate (Milk Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: India: Chocolate (Dark Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 15: India: Chocolate (Dark Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: India: Chocolate (White Chocolate) Market: Sales Value (in Million US$), 2013 & 2018
Figure 17: India: Chocolate (White Chocolate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: India: Chocolate (Chocolates Pouches and Bag) Market: Sales Value (in Million US$), 2013 & 2018
Figure 19: India: Chocolate (Chocolates Pouches and Bags) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: India: Chocolate (Boxed Chocolates) Market: Sales Value (in Million US$), 2013 & 2018
Figure 21: India: Chocolate (Boxed Chocolates) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: India: Chocolate (Countlines) Market: Sales Value (in Million US$), 2013 & 2018
Figure 23: India: Chocolate (Countlines) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: India: Chocolate (Tablets) Market: Sales Value (in Million US$), 2013 & 2018
Figure 25: India: Chocolate (Tablets) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: India: Chocolate (Other Categories) Market: Sales Value (in Million US$), 2013 & 2018
Figure 27: India: Chocolate (Other Categories) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: India: Chocolate Market: Sales through Retail (in Million US$), 2013 & 2018
Figure 29: India: Chocolate Market Forecast: Sales through Retail (in Million US$), 2019-2024
Figure 30: India: Chocolate Market: Sales through Institutional (in Million US$), 2013 & 2018
Figure 31: India: Chocolate Market Forecast: Sales through Institutional (in Million US$), 2019-2024
Figure 32: North India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 33: North India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: West and Central India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 35: West and Central India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: South India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 37: South India: Chocolate Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: East India: Chocolate Market: Sales Value (in Million US$), 2013 & 2018
Figure 39: East India: Chocolate Market Forecast: Sales Value (in Million US$), 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$), 2019-2024
Table 3: India: Chocolate Market Forecast: Breakup by Category (in Million US$), 2019-2024
Table 4: India: Chocolate Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 5: India: Chocolate Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: India: Chocolate Market Structure
Table 7: India: Chocolate Market: Key Players

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