India Chocolate Market Outlook, 2021

Bharat Book Bureau provides the report, on “India Chocolate Market Outlook, 2021”. https://www.bharatbook.com/food-market-research-reports-702869/india-chocolate.html This report, India Chocolate Market information contained in this report is based upon both primary and secondary research.

5th Sep, 2015- Mumbai, India: Bharatbook.“India Chocolate Market Outlook, 2021”. This report India Chocolate Market can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies.

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. https://www.bharatbook.com/food-market-research-reports-702869/india-chocolate.html 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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