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 flavours will also aid in the growth of the market across the region.
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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Indian Confectionery Market Report Segment
By Type
- Sugar Confectionery
- Chocolate Confectionery
- Bakers Confectionery
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
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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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