India Chocolate Market | Indian Chocolate Industry 2021-2026

Press Release:

India Chocolate Market to Witness Strong Growth During 2020-2025, Impelled by Significant Growth in Food and Beverages Sector

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Chocolate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

India chocolate market reached a value of US$ 1.9 Billion in 2020 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, IMARC Group expects the India chocolate market to exhibit strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India chocolate market, along with forecasts for growth at the country and state level from 2021-2026. Our report has categorized the market based on region, chocolate 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

Moulded
Countline
Others

Market Breakup by Packaging Type

Pouches and Bags
Boxed Chocolate
Others

Market Breakup by Distribution Channel

Retail Sales
Institutional Sales

This report includes:

Historical, Current and Future Market Trends
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations

Competitive Landscape:

Indian chocolate industry is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the India chocolate market are:

Mondelez India Foods Private Limited
Ferrero India Private Limited
Nestle 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
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 has been the impact of COVID-19 on 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: 2020
Historical Data Coverage: 2015-2020
Market Forecast: 2021-2026
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.