The Indian confectionery market is anticipated to grow at a CAGR 6.1% during the forecast period. The growth of the market is attributed to the increasing consumption of chocolates and other confectionery products over traditional Indian sweets. Further, the expanding retail channels and sudden growth in the impulse purchasing behavior of the people across the country are also impacting the growth of the market. In addition to this, global confectionery brands are also strengthening their position in the India confectionery industry to utilize the untapped potential of the country. Besides, an increase in the offering of products with localized flavors will also aid in the growth of the market across the region.
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The Indian confectionery market is segmented based on type and distribution channels. Based on the type, the market is sub-segmented into sugar confectionery, chocolate confectionery, and bakers confectionery. Based on the distribution channel, the market is sub-segmented into supermarkets/ hypermarkets, convenience stores, and online channels. The convenience stores segment is expected to hold a major market share during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Indian Confectionery Market Report Segment
By Type
- Sugar Confectionery
- Chocolate Confectionery
- Bakers Confectionery
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
The Report Covers
- Comprehensive research methodology of the Indian confectionery market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Indian confectionery market.
- Insights about market determinants which are stimulating the Indian confectionery market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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