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The India chocolate market was valued at US$ 2.2 Billion in 2021.
We expect the India chocolate market to exhibit a CAGR of 9.1% during 2022-2027.
The emerging popularity of organic, vegan, and sugar- and gluten-free chocolates in various baked
goods, confectioneries, Western desserts, etc., is primarily driving the India chocolate market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of chocolates across the nation.
Based on the type, the India chocolate market can be bifurcated into milk chocolate, dark chocolate,
and white chocolate. Currently, milk chocolate holds the majority of the total market share.
Based on the product form, the India chocolate market has been divided into moulded, countline,
and others. Among these, moulded form exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, East India, West and Central
India, South India, where North India currently dominates the India chocolate market.
Some of the major players in the India chocolate market include Mondelez India Foods Private
Limited, Ferrero India Private Limited, Nestle India Limited, Mars International India Private Limited,
ITC Limited, Gujarat Cooperative Milk Marketing Federation Ltd., Hershey India Private Limited,
Global Consumer Products Private Limited, Surya Food & Agro Ltd., Lotus Chocolate Company
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