India Chocolate Market was value US$ 1.50 Bn in 2018 and is projected to grow at a US$ XX Bn by 2026 at a CAGR of over XX % during the forecast period.
India Chocolate Market
Changing food consumption patterns in India, increasing per capita income, affluent middle-class purchasing power coupled with marketing and promotional activities has boosted the chocolate market. Sale of boxed assortment is growing at a faster pace driven by increased in occasional gifting trend. Affordable price and discount offered at supermarkets/hypermarkets and healthy eating habits are another factor boosted sales.
Milk chocolate is the most popular and always highly demanded worldwide with a major share in the market. Dark chocolates makes it good for curing heart diseases and with increasing health concerns among the people. Per capita consumption of chocolates has almost doubled in past many years due to increasing awareness among the consumers regarding health issues such as blood pressure and cholesterol.
Milk Chocolate ruled and will continue to. Milk chocolate is foreseen to fall owing to non- presence of cocoa in white chocolates, the consumption of it is expected to fall in the coming future. Heavy advertising through campaigns and media about the nutritional perspective of chocolates in order to boost the sales of dark chocolate.
Supermarket channel dominated the India chocolate market. Expanding retail chain in the country offer a potential growth opportunity to the market.
Online shopping that provides exciting offers and brands is attracting Indians. Digital India has greatly impacted the online sales of finished goods and product. Convenience, ease of searching, billing, wide selection of products and discounts and promotion fueled the online chocolate sale.
The report covers a major market drivers, restraints, opportunities and challenges in the market. Furthermore, Competitive scenario and market share of the top players in the market, price, financial position, product portfolio, growth strategies. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to particular market segment.
Scope of the India Chocolate Market
India Chocolate Market, by Product:
• Milk Chocolate
• Dark Chocolate
• White Chocolate
India Chocolate Market, By Distribution Channel:
• Convenience Stores
• Department Stores
• Specialist Retailers
• Supermarkets and Hypermarkets
• On-line Retail
• Variety Stores
Key Players Operating In India Chocolate Market:
• 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
• ITC Limited
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