India Chocolate market is expected to reach US$ 4.24 Bn., with a CAGR of 11.5% for the period 2021-2027, thanks to international chocolate producers are increasingly concentrating their efforts in rural India.
India Chocolate Market Overview
The report on the India Chocolate market is emphasised on the detailed analysis of the India Chocolate market. The report covers industry potential, latest trends, regulatory scenario and Sales growth forecasts at global, regional segment, & national market levels. Industry rivalry for predicted periods and individual firm valuations, are all included in India Chocolate market research.
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India Chocolate Market Report Scope and Research Methodology
The India Chocolate Market report includes the comprehensive analysis of the industry in a simple language. A detailed analysis of India Chocolate Market dynamics has been included in the report. The past, present and the expected trends in the forecast period has also been provided in the report. it also covers all the major aspects of the India Chocolate industry with a dedicated study of the rivalry in the industry that include market leaders, followers, and new entrants. Extensive primary research was conducted to acquire information and verify and confirm the crucial numbers arrived at after comprehensive India Chocolate market engineering and calculations for market statistics; market size estimations, market forecasts, market breakdown and data triangulation. The secondary data was collected from the company’s annual reports, articles, paid and free databases, etc. To estimate the regional and global India Chocolate market size, the bottom-up approach was used.
India Chocolate Market Regional Insights
The report includes a detailed explanation of all the factors, market size, growth rate, and import and export in all the regions. The regional analytics cover North America, South America, Asia Pacific, Europe & Middle East, and Africa.
India Chocolate Market Segmentation
The launch of multinational brands, the availability of a wide range of flavors, and the expansion of online chocolate distribution are the main drivers of the growth of the Indian chocolate market. In addition, urban consumers make up more than 70% of his chocolate consumption, making the country great potential in undiscovered rural areas. In addition, modernization of the country’s rural distribution network will encourage global companies to invest in the Indian chocolate sector. Global players in the chocolate industry are looking to expand their presence and market share in India as the European and American markets are relatively mature.
The milk chocolate segment accounted for the majority of market share in 2019, accounting for nearly 75%, while the dark chocolate segment is expected to grow the most during the forecast period from a 9% market share due to associated health benefits. expected. Premium chocolate is expected to be widely accepted in India in the future as the custom of giving chocolate as a gift grows. For example, Cadbury and Nestlé have successfully launched dark chocolate brands such as Bournville and Nestlé Dark Chocolate.
Premium His chocolate industry is very popular as Indian people want to enjoy bite size chocolates to reduce their consumption of confectionery. Premium chocolate fits very well with the country’s clean eating trend. Chocolate has been proven to have multiple health benefits, which is why people are turning to premium chocolate for a guilt-free experience. Supermarkets and hypermarkets such as D-Mart and Reliance Mart are looking to add momentum to the market by offering high-end chocolate brands such as Ferrero. Premium chocolate contains a good balance of healthy ingredients to reduce the risk of low blood pressure and cholesterol.
India Chocolate Market Key Players
• 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 Limited
• Others
Key questions answered in the India Chocolate Market are:
- What is India Chocolate ?
- What are the global trends in the India Chocolate Market?
- What was the India Chocolate Total Market size in 2022?
- What is expected India Chocolate Market size by 2029?
- Who held the largest market share in India Chocolate Market?
- Who are the leading companies and what are their portfolios in India Chocolate Market?
- What are the major challenges that the India Chocolate Industry could face in the future?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Industrial Manipulator Market Size, Share, Size & Forecast by different segment | 2022−2029
- Industrial Manipulator Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Industrial Manipulator Market Segmentation – A detailed analysis by Type, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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