Chocolate is a typically sweet, usually brown, food preparation of cocoa beans, roasted and ground, often flavoured, as with vanilla. It is made in the form of a liquid, paste or in a block or used as a flavouring ingredient in other sweet foods. Chocolate has become one of the most popular food types and flavours in the world, and a vast number of foodstuffs involving chocolate have been created.
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India chocolate market is growing with a CAGR of 16.13% from last seven years and is projected to grow even at a higher rate in future. The industry has a positive outlook due to exceptional growth in the confectionery industry, rising per capita income and gifting culture in the country. The per capita consumption of chocolates has almost doubled from 2005 to 2012. Over the years, changes in consumers’ preferences and lifestyle, eating habits, and their global exposure to international brands have given a boost to the chocolate industry.
According to “India Chocolate Market Outlook, 2021”, chocolate market in India is expected to grow at a CAGR of 10.77% till 2021. Milk chocolate accounts for majority of the revenues in the chocolate market but growing popularity of dark chocolate is anticipated to decrease its revenues in near future. Market share of premium chocolate is anticipated to increase upto 45% in the overall chocolate market, as the purchasing power and the disposable income of people in the country rises. The report reveals that Cadbury, Nestle and Ferrero are the leading players in India chocolate market. Cadbury and Nestle together account for majority of the chocolate market but Ferrero is expected to overtake Nestle in next few years with increasing popularity of Ferrero Rocher and Kinder Joy.
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Key points in table of content
1. Executive Summary
2. Global Chocolate Market Outlook
2.1. Market Size – By Value
2.1.1. Chocolate Market
2.1.2. Premium Chocolate Market
2.2. Market Share
2.2.1. By Company
2.2.2. By Region
2.2.3. By Segment
2.2.4. By Developed Countries Consumption
2.2.5. By Developing Countries Consumption
2.3. Pricing Analysis
3. India Chocolate Market Outlook
3.1. Market Size – By Value
3.1.1. Chocolate Market
3.1.2. Premium Chocolate Market
3.2. Market Share
3.2.1. By Company
3.2.2. By Area
3.2.3. By Region
3.2.4. By Segment
3.2.5. By Chocolate Brands
3.2.6. By Age Distribution
3.3. Pricing Analysis
4. India Economic Profile 2014
5. Manufacturing Plans of Major Players
6. Chocolate Making Procedure
7. Raw Material
8. Organized Vs Unorganized Market
9. PEST Analysis
10. Policy & Regulatory Landscape
11. Trade Dynamics
12. Channel Partner Analysis
13. India Chocolate Market Dynamics
13.1. Key Drivers
13.2. Key Challenges
14. Market Trends & Developments
14.1. Gifting Chocolates Instead of Traditional Sweets
14.2. Innovation and Uniqueness
14.3. Popularity of Chocolate Boutique and Handmade Chocolates
14.4. Customized Services
14.5. Growing Demand for Healthy Options especially dark chocolates
14.6. Variety in Flavours
15. Competitive Landscape
15.1. Porters Five Forces
15.2. Company Profiles
15.2.1. Mondelez India Foods Private Limited
15.2.2. Nestle India Ltd.
15.2.3. Ferrero India Pvt. Ltd.
15.2.4. Mars International India Pvt. Ltd
15.2.6. The CAMPCO Ltd.
15.2.7. Hershey India Pvt. Ltd.
15.2.8. Lindt & Sprungli
15.2.9. Lotus Chocolate Company Ltd.
16. Strategic Recommendations
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