India Chocolate Market Outlook, 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 4, 2018--The “India Chocolate Market Outlook, 2023” report has been added to ResearchAndMarkets.com’s offering.
The total chocolate market has grown with a CAGR of 18% from 2011-12 to 2016-17 in value terms.
The key growth drivers of chocolate industry in India are the 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. Urban India and tier I and II cities have woken up to the fad of chocolate being considered as a potential gift. While until recently sweets were the only option in delicacy gifting, overt media exposure and smart marketing techniques have positioned chocolates as an alternative.
The total chocolate market is segmented into two broad categories: mass and premium. It has three products: 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.
Market Trends & DevelopmentsIncreasing presence of international brands Customization of chocolates for exclusivity and luxury New brand launches and extension of product portfolios Demand for healthy options like dark and sugar free chocolates Chocolates - A Perfect Gift Substitute
Key Topics Covered:
1. Executive Summary
2. Global Chocolate Market Outlook
3. India Chocolate Market Outlook
4. Product Price & Variant Analysis
5. India Economic Profile
6. Raw Material
7. Chocolate Making Procedure
8. Policy & Regulatory Landscape
9. PEST Analysis
10. Trade Dynamics
11. Channel Partner Analysis
12. India Chocolate Market Dynamics
13. Market Trends & Developments
14. Competitive Landscape
15. Strategic Recommendations
Companies MentionedFerrero India Pvt. Ltd Global Consumer Products Private Limited Gujarat Cooperative Milk Marketing Federation Ltd Hershey India Pvt. Ltd Lindt India Lotus Chocolate Company Ltd Mars International India Pvt. Ltd Mondelez India Foods Pvt. Ltd Nestle India Limited The CAMPCO Ltd
For more information about this report visit https://www.researchandmarkets.com/research/mb8sn6/india_chocolate?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181004005331/en/
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Related Topics:Chocolate and Cocoa Products
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/04/2018 07:17 AM/DISC: 10/04/2018 07:17 AM