DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/9qsrvf/india_chocolate) has announced the addition of the "India Chocolate Market Overview" report to their offering.
The chocolate market in India is expected to grow at a CAGR of 10.77% till 2021.
The India chocolate market is growing with a CAGR of 16.13% from the last seven years and is projected to grow at an even higher rate in the future. The industry has a positive outlook due to exceptional growth in the confectionery industry, rising per capita income and the gifting culture in the country. The per capita consumption of chocolates has almost doubled from 2005 to 2012. Over the years, changes in consumers' preferences and lifestyle, eating habits, and their global exposure to international brands have given a boost to the chocolate industry.
Milk chocolate accounts for the majority of the revenues in the chocolate market but growing popularity of dark chocolate is anticipated to decrease its revenues in the near future. The market share of premium chocolate is anticipated to increase up to 45% in the overall chocolate market, as the purchasing power and the disposable income of people in the country rise. The report reveals that Cadbury, Nestle and Ferrero are the leading players in the India chocolate market. Cadbury and Nestle together account for the majority of the chocolate market but Ferrero is expected to overtake Nestle in the next few years with the increasing popularity of Ferrero Rocher and Kinder Joy.
Key Topics Covered:
1. Executive Summary
2. Global Chocolate Market Outlook
3. India Chocolate Market Outlook
4. Company Profiles
- Ferrero India Pvt. Ltd.
- Mondelez India Foods Private Limited
- Nestle India Ltd.
- The CAMPCO Ltd.
For more information visit http://www.researchandmarkets.com/research/9qsrvf/india_chocolate.