India Chocolate Market Outlook, 2027-28

India Chocolate Market Outlook, 2023' gives a comprehensive analysis on the Chocolate industry of India.

Featured Companies

  • 1. Ferrero India Private Limited
  • 2. Global Consumer Products Private Limited
  • 3. Gujarat Co-operative Milk Marketing Federation Limited
  • 4. Hershey India Private Limited
  • 5. Lotus Chocolate Company Limited
  • 6. Lindt & Sprungli Group
  • More...

India Chocolate Market Outlook, 2027-28' gives a comprehensive analysis on the Chocolate industry of India. In India, the hygiene products market has shown an explosive growth in recent years. The key growth drivers of chocolate industry in India are tradition of gifting sweets, shifting in consumer preference from traditional mithai to chocolates, rising income levels and attractive pricing which is suitable for every pocket. The urban India and tier I, II cities have woken up to the fad of chocolate being considered as a gift proposition. While even till few years back sweets were the only option in delicacy gifting, over media exposure and smart marketing techniques have positioned chocolates as an alternative. According to report, 'India Chocolate Market Outlook, 2027-28' published by Bonafide Research, total chocolate market has grown with 9% CAGR from 2021-22 to 2027-28 in value terms. In volume terms, it is predicted to grow with siginificant CAGR during the forecast period. Total chocolate market is segmented into two broad categories i.e. Mass and Premium. It has three product viz. Dark chocolate, White chocolate and Milk chocolate. Milk chocolates have been always popular in India and contribute more than 70% of the total chocolate market.

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Another primary driver of the chocolate industry is the country's large young population, a key chocolate consumer segment. Approximately half of India's population is under the age of 25, and two-thirds are under the age of 35. Changing lifestyles, westernization, the growth of the food services sector, value addition, and other factors are also driving the market. Chocolates are displacing traditional sweets in the country due to these factors. Other factors driving the market include rising online chocolate sales, rising demand for premium chocolates, and the growing popularity of organic and sugar-free chocolates. Covid-19 The unprecedented COVID-19 pandemic outbreak negatively impacted the growth of the Indian chocolate market. The demand for chocolates registered significant growth during the lockdown period in the country, owing to increased health knowledge among consumers and the health benefits of chocolate consumption. Still, the restrictions on product conditioning as well as imports and exports resulted in a huge demand and supply gap for chocolate, sabotaging the demand growth. The request is anticipated to recover from this depression in the post-lockdown period, which is now as the chocolate manufacturers are focusing on expanding their product conditioning. Covered in the report: • India chocolate Market • India Milk Chocolate • India White Chocolate • India Dark Chocolate • India Mass Chocolate • India Premium Chocolate

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Arun Kalwani

Arun Kalwani

Research Analyst

"India Chocolate Market Outlook, 2027-28" discusses the following aspects of Chocolate in India: - India Chocolate Market Size By Value & Forecast - India Milk Chocolate Market Size By Value, Volume & Forecast - India Dark Chocolate Market Size By Value, Volume & Forecast - India White Chocolate Market Size By Value, Volume & Forecast - India Mass Chocolate Market Size By Value, Volume & Forecast - India Premium Chocolate Market Size By Value, Volume & Forecast - India Chocolate Segmental Analysis: By Type, By Company, By Brand, By Region - Key Vendors in this market space This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Arun Kalwani

Report Methodology The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of Chocolate in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Companies Mentioned

  • Ferrero India Private Limited
  • Global Consumer Products Private Limited
  • Gujarat Co-operative Milk Marketing Federation Limited
  • Hershey India Private Limited
  • Lotus Chocolate Company Limited
  • Lindt & Sprungli Group
  • Mars Incorporated
  • Mondelez India Foods Private Limited
  • Nestle India Limited
  • The CAMPCO Limited

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. India Macro Economic Indicators
  • 2.8. Demographics Insight
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Chocolate Market Outlook
  • 4.1. Market Size
  • 4.1.1. By Value
  • 4.1.2. By Volume
  • 4.2. Market Share
  • 4.2.1. By Region
  • 4.2.2. By Demographics
  • 4.2.3. By Distribution Channel
  • 4.3. By category (Value & Volume)
  • 4.4. Market Share
  • 4.4.1. By Region
  • 4.4.2. By Demographics
  • 4.4.3. By Distribution Channel
  • 4.4.4. By Product Type
  • 4.4.5. By Chocolate Type
  • 4.4.6. By Company
  • 4.5. Product Price & Variant Analysis
  • 5. Urban Chocolate Market
  • 5.1. Market Size by Value
  • 5.2. Market Size by Volume
  • 6. Rural Chocolate Market
  • 6.1. Market Size by Value
  • 6.2. Market Size by Volume
  • 7. India Mass/non premium Chocolate Market
  • 7.1. Market Size by Value
  • 7.2. Market Size by Volume
  • 8. Premium Chocolate Market
  • 9. Trade Dynamics
  • 9.1. Import
  • 9.2. Export
  • 10. Market Dynamics
  • 10.1. Drivers
  • 10.2. Challenges
  • 11. Market Trends & Developments
  • 11.1. Increasing presence of international brands
  • 11.2. Customization of chocolates for exclusivity and luxury
  • 11.3. New brand launches and extension of product portfolios
  • 11.4. Demand for healthy options like dark and sugar free chocolates
  • 11.5. Chocolates - A Perfect Gift Substitute
  • 12. Competitive Landscape
  • 12.1. Porter`s Five Forces
  • 12.2. Company Profiles
  • 12.2.1. Modeleze
  • 12.2.1.1. Company Snapshot
  • 12.2.1.2. Company Overview
  • 12.2.1.3. Financial Highlights
  • 12.2.1.4. Geographic Spread and Distribution network
  • 12.2.1.5. Business Segment & Performance
  • 12.2.1.6. Product Portfolio
  • 12.2.1.7. Key Executives
  • 12.2.1.8. Strategic Moves & Developments
  • 12.2.2. Ferrero
  • 12.2.3. Nestle
  • 12.2.4. Mars
  • 12.2.5. Amul
  • 12.2.6. Campco
  • 12.2.7. Hershey's
  • 12.2.8. Global CP
  • 12.2.9. Rajhans
  • 12.2.10. Lotus
  • 13. Strategic Recommendation’s
  • 14. Disclaimer

List of Table
Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: India Chocolate Market Size By Category By Value (in INR Crore)
Table 4: India Chocolate Market Size By Category By Volume (in INR Crore)
Table 5: India Chocolate Market Share By Value By Region (2016-17, 2021-22 &
Table 6: India Chocolate Market Share By Value By Demographics (2016-17, 2021-22 & 2027-28F))
Table 7: India Chocolate Market Share By Value By Distribution Channel (2016-17,2021-22 & 2027-28F)
Table 8: India Chocolate Market Share By Value By Product Type (2016-17,2021-22 & 2027-28F)
Table 9: India Chocolate Market Share By Value By Chocolate Type (2016-17, 2021-22 & 2027-28F))
Table 10: India Chocolate Market Share By Company (2021)
Table 11: Urban Chocolate Market Size By Value (2016-17 to 2027-28) (in INR Crore)
Table 12: Urban Chocolate Market Size By Volume (2016-17 to 2027-28) (in INR Crore)
Table 13: Rural Chocolate Market Size By Value (2016-17 to 2027-28) (in INR Crore)
Table 14: Rural Chocolate Market Size By Volume (2016-17 to 2027-28) (in INR Crore)
Table 15: India mass/non premium Chocolate Market Size By Value (2016-17 to 2027-28) (in INR Crore)
Table 16: India mass/non premium Chocolate Market Size By Volume (2016-17 to 2027-28) (in INR Crore)
Table 17: India premium Chocolate Market Size By Value (2016-17 to 2027-28) (in INR Crore)
Table 18: India premium Chocolate Market Size By Volume (2016-17 to 2027-28) (in INR Crore)
Table 19: HS Code for India Chocolate Market Products in India 2021
Table 20: Import Duty Structure for HS Code XXXX in India 2021
Table 21: Import of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 22: Import of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
Table 23: Export of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table24: Export of HS Code XXXX in India - By Country By Value &Volume Share 2021-22

List of Figures
Figure 1: India Population 2017-2021(In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Chocolate Market Size By Value2016-17 to 2027-28F (in INR Crore)
Figure 5: India Chocolate Market Size By Volume 2016- 2027 (in Billion Liters)
Figure 6: India Chocolate Market Share By Value, By Region, 2016-2017, 2021-22 & 2027-28F
Figure 7: India Chocolate Market Share By Value, By Demographics, 2016-17, 2021-22 & 2027-28F
Figure 8: India Distribution Market Share By Value, By Distribution Channel, 2016-17, 2021-22 & 2027-28F
Figure 9: Porter's Five Forces of India Chocolate Market

Feed Phosphate Market Research FAQs

Cadbury Dairy milk chocolates are some of the best chocolates in India and the world's largest brands of chocolates.

There are many brands making Chocolate in India for Choco lovers. Some of them are… Amul, Cadbury, Ferrero Rocher, Nestle, Kitkat, Lindt Lindor, Kisses Hershey, Toblerone, Fabelle, Open Secret, BOGATCHI, De'Arco Chocolatier, Dukes etc.

India imports most of its Chocolate from Switzerland, Belgium and Italy.

Amul is India's largest milk and chocolate company, best known for its milk. Not only that, Amul makes some of the best chocolates in India.

Premium chocolate can refer to a number of things, such as the high quantity of cocoa used in the bar; whether it is Fairtrade and sustainably sourced; if it combines other ingredients, such as raspberry chunks or alcohol; and if the packaging has a more sophisticated feel.

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India Chocolate Market Outlook, 2027-28

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