Chocolate Market Share In India (2017-2023)
Market Forecast By Product Type (Milk Chocolates, White Chocolates and Dark Chocolates), By Category (Premium Chocolates and Non-Premium Chocolates), By Product Shape (Bar Chocolates and Assorted Chocolates), By Chocolate Type (Molded or Bar Chocolates Anode, Count lines & Straight-lines, Choco-panned & Sugar-panned and Others including Novelties, Boxed Chocolates), By Packaging (Flexible Packaging, Rigid Packaging and Paper & Board Packaging), By Distribution Channels (Grocery & Mom n Pop Stores, Hypermarkets & Supermarkets, Convenience Stores, Specialist Retailers and Others including E-commerce and Drug Stores), By Regions ( Eastern, Western, Northern and Southern) and Competitive Landscape.
According to 6Wresearch, India chocolate market size is projected to grow at a CAGR of over 19% during 2017-23. Milk chocolate segment captured majority of the India chocolate 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.
The India chocolate market report thoroughly covers chocolate market by material, category, products, types, packaging, distribution channels, and regions. The India chocolate market outlook report provides an unbiased and detailed analysis of the India chocolate market trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
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Key Highlights of the Report:
Chocolate Market In India
Chocolate Market Share In India
Chocolate Market Size In India
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