The Indian confectionery market is anticipated to grow with a considerable CAGR during the forecast period (2020-2026). Indian confectionery market has evolved drastically for the past few decades. The region has a strong presence of globally recognized brands such as Marsh Inc., Nestle SA, The Hershey Co. among others. In addition to this, domestic players such as Amul, DS Group, and Parle Products Pvt. Ltd. are also accounting for a significant share in the Indian confectionery market owing to their product innovations and strong marketing strategies. Moreover, the steady increase in the offerings by the companies with the focus on regionally famous flavors and tastes such as raw mango, orange, and pineapple over time is also aiding the growth of the market.
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In addition to this, chocolate consumption over the traditional Indian sweets has also increased significantly in the past few years especially among the younger generation. The growth in the consumption of chocolate is also attributed to the longer shelf life of chocolates as compared to traditional sweets. Additionally, owing to the high western cultural influence, the chocolate gifting trend is also rising significantly across the country. The aforementioned factors will considerably impact the growth of the Indian confectionery market.
Market Coverage
· The market number available for – 2019-2026
· Base year- 2019
· Forecast period- 2020-2026
· Segment Covered-
· By Type
· By Distribution Channel
· Competitive Landscape– Amul, Derby India, Nestlé S.A., Parle Products Pvt. Ltd., The Hershey Co.
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Indian Confectionery Market Report Segment
By Type
· Sugar Confectionery
· Chocolate Confectionery
· Bakers Confectionery
By Distribution Channel
· Supermarkets/ Hypermarkets
· Convenience Stores
· Online Channel
Company Profiles
· Amul (Gujarat Co-operative Milk Marketing Federation Ltd.)
· Chocoladefabriken Lindt & Sprungli AG
· Dazzler Confectionery Co. Pvt. Ltd.
· Derby Indian (Suncrest Food Makers)
· DS Group
· Ferrero SpA
· Lotus Confectionary Co. Ltd.
· Monginis Foods Private Ltd.
· Nestlé S.A.
· Parle Products Pvt. Ltd.
· The Hershey Co.
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