India Confectionery Market Research Report

Market Overview:

The India confectionery market size is expected to exhibit a growth rate (CAGR) of 5.39% during 2024-2032.

Confectionery refers to a wide range of food products that are rich in sugar and other sweeteners. They are prepared by using several ingredients, such as stabilizers, emulsifiers, gelling, flavoring, and thickening agents, which assist in enhancing the texture, taste, appearance, and elasticity of products. Confectionery items commonly include chocolates and non-chocolate candies, such as gum, ice cream, frozen desserts, sweet baked goods, etc. These products are widely available across supermarkets, online platforms, retail shops, bakery stores, hypermarkets, etc.

India Confectionery Market Trends:

The emerging trend of gifting confectionery products, especially during festivals or special events such as birthdays, anniversaries, social meetings, etc., is primarily driving the Indian confectionery market. Additionally, the elevating levels of urbanization, improving consumer living standards, and increasing popularity of imported chocolates and candies, are some of the other key factors augmenting the sales of confectionery products in the country. Besides this, several key players are introducing limited-edition, premium confectionery products that are fortified with high-quality nuts, grains, and cereals. This, in confluence with the growing consumer per capita expenditures, are creating a positive outlook for the regional market. Moreover, the growing popularity of sugar-free confectioneries on account of the rising health concerns regarding cardiovascular diseases, obesity, diabetes, etc., is also propelling the product demand. Apart from this, the introduction of clean-label, cruelty-free, vegan, organic, and sustainably sourced confectionery products with no chemical additives and reduced allergens is further catalyzing the market growth. Numerous other factors, such as continuous advancements in ambient storage conditions and the advent of anti-microbial packaging solutions, are expected to drive the India confectionery market over the forecast period.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India confectionery market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, age group, price point and distribution channel.

Breakup by Product Type:

• Hard-boiled Sweets
• Mints
• Gums and Jellies
• Chocolate
• Caramels and Toffees
• Medicated Confectionery
• Fine Bakery Wares
• Others
   

Breakup by Age Group:

• Children
• Adult
• Geriatric
   

Breakup by Price Point:

• Economy
• Mid-range
• Luxury
   

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Convenience Stores
• Pharmaceutical and Drug Stores
• Online Stores
• Others
   

Breakup by Region:

• North India
• West and Central India
• South India
• East India
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage: