DUBLIN--(BUSINESS WIRE)--The "India Chocolate Market (2017-2023): Forecast By Product Type, Category, Product Shape, Chocolate Type, Packaging, Distribution Channels, Regions and Competitive Landscape" report has been added to Research and Markets' offering.
India chocolate market is projected to grow at a CAGR of over 19% during 2017-2023
Growing awareness towards health concerns, adulteration issues in traditional sweets as well as changing taste preferences of Indian consumers are resulting in a shift towards chocolates. Additionally, increasing disposable income, changing lifestyle and availability of sugar-free and dark chocolates are further contributing to the growth of chocolate market in India. Moreover, improving rural distribution network in the country is further attracting global companies to invest in Indian chocolate market.
According to research, milk chocolate segment captured majority of the market share in 2016, however, dark chocolate segment is likely to exhibit highest growth during the forecast period, owing to health benefits associated with it. Further, with growing trend of offering chocolates as gift, premium chocolates is expected to witness huge acceptance over the coming years.
Moreover, introduction of international brands, availability of a variety of flavors and expanding online chocolate distribution are the key factors catalyzing the growth of chocolate market in India. Additionally, more than 70% of chocolate consumption is from urban consumers and the country is posing huge opportunity in untapped rural segment. With relatively mature European and American markets, the global chocolate market players are eyeing on Indian marketplace.
Markets Covered
The report provides detailed analysis of the following market segments:
-
By Product Types:
- Milk Chocolates
- White Chocolates
- Dark Chocolates
-
By Categories:
- Premium Chocolates
- Non-Premium Chocolates
- By Product Shapes
- Bar Chocolates
- Assorted Chocolates
-
By Chocolate Types:
- Molded or Bar Chocolates Anode
- Count lines & Straight-lines
- Choco-panned & Sugar-panned
- Others (Novelties, Boxed Chocolates etc.)
-
By Packaging:
- Flexible Packaging
- Rigid Packaging
- Paper and Board Packaging
-
By Distribution Channels:
- Grocery & Mom n Pop Stores
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialist Retailers
- Others (E-commerce, Drug Stores)
-
By Regions:
- Eastern
- Western
- Northern
- Southern
Companies Mentioned
- Ferrero India Pvt. Ltd.
- Gujarat Cooperative Milk Marketing Federation Ltd.
- Hershey India Pvt. Ltd.
- Lotus Chocolate Co. Ltd.
- Mars International India Pvt. Ltd.
- Mondelez India Foods Pvt. Ltd.
- Nestle India Ltd.
- The Campco Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/s5qw48/india_chocolate
