India Packaged Sweets Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
India Packaged Sweets Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The India packaged sweets market size reached INR 5,230.7 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 15,057.2 Crore by 2028, exhibiting a growth rate (CAGR) of 19.1% during 2023-2028.
Sweets refer to desserts that are made from different ingredients, such as, milk derivatives, besan, cereal and pulses, wheat flour, dry fruits, etc. These sweets are packaged into boxes, plastic containers and tin cans depending on their physical forms and textures. In India, some of the common packaged sweets include rasgulla, gulab jamun, barfi, peda, soan papdi, ladoo, cham cham, rajbhog, etc. Packaged sweets have higher shelf-life and hence, can be transported over longer distances. Moreover, these products are certified by government organizations, specifically FSSAI, which ensures the high quality of the packaged product.
India Packaged Sweets Market Trends:
In India, the expanding food packaging sector, along with the increasing consumer consciousness towards food hygiene and cleanliness, is primarily driving the packaged sweets market. Furthermore, the rising working women population and their hectic work schedules have led to the shifting preferences from traditional or home-cooked sweets towards packaged, ready-to-serve variants. Apart from this, the prevalent trend of gifting sweets as a part of Indian culture during several social and cultural gatherings, such as weddings, festivals, celebrations, etc., is acting as a significant growth-inducing factor. Additionally, the introduction of numerous stringent norms for food labeling and maintaining product safety during preparation and packaging of sweets, is also propelling the market growth in India. Besides this, the emergence of luxurious sweet brands in India that focus on delivering numerous variants ranging from traditional mithais to organic, vegan, and lactose-free sweets, is positively influencing the market growth. With the outbreak of the COVID-19 pandemic, there has been a considerable shift from open and loose sweets towards packaged variants to mitigate the risk of infection. Moreover, continuous advancements in the packaging technologies, including biodegradable packaging, nanofabrication, and flexible packaging, for sweets are expected to further drive the India packaged sweets market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India packaged sweets market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, ingredient type, packaging type and distribution channel.
Breakup by Product Type:
Rasgulla and Gulab Jamun
Barfi
Soan Papdi
Peda
Laddoo
Others
Breakup by Ingredient Type:
Milk and Milk Derivatives
Cereal and Pulses
Dry Fruits
Fruits and Vegetables
Others
Breakup by Packaging Type:
Boxes
Tin Cans
Plastic Containers
Breakup by Distribution Channel:
Own Brand Stores
Convenience Stores
Supermarkets and Hypermarkets
E-Commerce
Milk Outlets
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Banchharam, Bikanervala Foods Private Limited, Bikaji Food International Limited, Bihar State Co-operative Milk Producers Federation Limited (COMFED), Gujarat Co-operative Milk Marketing Federation Limited, Haldiram's, Karnataka Co-operative Milk Producers Federation Limited (KMF), KC Das Private Limited, Lal Sweets Private Limited, Orissa State Co-operative Milk Producers Federation Limited (OMFED), Parag Milk Foods Limited, and Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF).
Key Questions Answered in This Report
1. What was the size of the India packaged sweets market in 2022?
2. What is the expected growth rate of the India packaged sweets market during 2023-2028?
3. What has been the impact of COVID-19 on the India packaged sweets market?
4. What are the key factors driving the India packaged sweets market?
5. What is the breakup of the India packaged sweets market based on the product type?
6. What is the breakup of the India packaged sweets market based on the ingredient type?
7. What is the breakup of the India packaged sweets market based on the packaging type?
8. What is the breakup of the India packaged sweets market based on the distribution channel?
9. What are the key regions in the India packaged sweets market?
10. Who are the key players/companies in the India packaged sweets market?
The India packaged sweets market size reached INR 5,230.7 Crore in 2022. Looking forward, IMARC Group expects the market to reach INR 15,057.2 Crore by 2028, exhibiting a growth rate (CAGR) of 19.1% during 2023-2028.
Sweets refer to desserts that are made from different ingredients, such as, milk derivatives, besan, cereal and pulses, wheat flour, dry fruits, etc. These sweets are packaged into boxes, plastic containers and tin cans depending on their physical forms and textures. In India, some of the common packaged sweets include rasgulla, gulab jamun, barfi, peda, soan papdi, ladoo, cham cham, rajbhog, etc. Packaged sweets have higher shelf-life and hence, can be transported over longer distances. Moreover, these products are certified by government organizations, specifically FSSAI, which ensures the high quality of the packaged product.
India Packaged Sweets Market Trends:
In India, the expanding food packaging sector, along with the increasing consumer consciousness towards food hygiene and cleanliness, is primarily driving the packaged sweets market. Furthermore, the rising working women population and their hectic work schedules have led to the shifting preferences from traditional or home-cooked sweets towards packaged, ready-to-serve variants. Apart from this, the prevalent trend of gifting sweets as a part of Indian culture during several social and cultural gatherings, such as weddings, festivals, celebrations, etc., is acting as a significant growth-inducing factor. Additionally, the introduction of numerous stringent norms for food labeling and maintaining product safety during preparation and packaging of sweets, is also propelling the market growth in India. Besides this, the emergence of luxurious sweet brands in India that focus on delivering numerous variants ranging from traditional mithais to organic, vegan, and lactose-free sweets, is positively influencing the market growth. With the outbreak of the COVID-19 pandemic, there has been a considerable shift from open and loose sweets towards packaged variants to mitigate the risk of infection. Moreover, continuous advancements in the packaging technologies, including biodegradable packaging, nanofabrication, and flexible packaging, for sweets are expected to further drive the India packaged sweets market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India packaged sweets market report, along with forecasts at the country and regional level from 2023-2028. Our report has categorized the market based on product type, ingredient type, packaging type and distribution channel.
Breakup by Product Type:
Rasgulla and Gulab Jamun
Barfi
Soan Papdi
Peda
Laddoo
Others
Breakup by Ingredient Type:
Milk and Milk Derivatives
Cereal and Pulses
Dry Fruits
Fruits and Vegetables
Others
Breakup by Packaging Type:
Boxes
Tin Cans
Plastic Containers
Breakup by Distribution Channel:
Own Brand Stores
Convenience Stores
Supermarkets and Hypermarkets
E-Commerce
Milk Outlets
Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Banchharam, Bikanervala Foods Private Limited, Bikaji Food International Limited, Bihar State Co-operative Milk Producers Federation Limited (COMFED), Gujarat Co-operative Milk Marketing Federation Limited, Haldiram's, Karnataka Co-operative Milk Producers Federation Limited (KMF), KC Das Private Limited, Lal Sweets Private Limited, Orissa State Co-operative Milk Producers Federation Limited (OMFED), Parag Milk Foods Limited, and Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF).
Key Questions Answered in This Report
1. What was the size of the India packaged sweets market in 2022?
2. What is the expected growth rate of the India packaged sweets market during 2023-2028?
3. What has been the impact of COVID-19 on the India packaged sweets market?
4. What are the key factors driving the India packaged sweets market?
5. What is the breakup of the India packaged sweets market based on the product type?
6. What is the breakup of the India packaged sweets market based on the ingredient type?
7. What is the breakup of the India packaged sweets market based on the packaging type?
8. What is the breakup of the India packaged sweets market based on the distribution channel?
9. What are the key regions in the India packaged sweets market?
10. Who are the key players/companies in the India packaged sweets market?
Table of Contents
108 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 India Sweets Market
- 5.1 Market Performance
- 5.2 Market Forecast
- 5.3 Market Breakup by Sector
- 5.4 Market Breakup by Organized Sector
- 6 India Packaged Sweets Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.3 Impact of COVID-19
- 6.4 Market Breakup by Product Type
- 6.5 Market Breakup by Ingredient Type
- 6.6 Market Breakup by Packaging Type
- 6.7 Market Breakup by Distribution Channel
- 6.8 Market Breakup by Region
- 6.9 Market Forecast
- 7 Market Breakup by Product Type
- 7.1 Rasgulla and Gulab Jamun
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Barfi
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Soan Papdi
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Peda
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Laddoo
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
- 7.6 Others
- 7.6.1 Market Trends
- 7.6.2 Market Forecast
- 8 Market Breakup by Ingredient Type
- 8.1 Milk and Milk Derivatives
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Cereal and Pulses
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Dry Fruits
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Fruits and Vegetables
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 9 Market Breakup by Packaging Type
- 9.1 Boxes
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Tin Cans
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Plastic Containers
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 10 Market Breakup by Distribution Channel
- 10.1 Own Brand Stores
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Convenience Stores
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Supermarkets and Hypermarkets
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 E-Commerce
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Milk Outlets
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North India
- 11.1.1 Market Trends
- 11.1.2 Market Breakup by States
- 11.1.3 Market Forecast
- 11.2 West and Central India
- 11.2.1 Market Trends
- 11.2.2 Market Breakup by States
- 11.2.3 Market Forecast
- 11.3 South India
- 11.3.1 Market Trends
- 11.3.2 Market Breakup by States
- 11.3.3 Market Forecast
- 11.4 East India
- 11.4.1 Market Trends
- 11.4.2 Market Breakup by States
- 11.4.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Strengths
- 12.2 Weaknesses
- 12.3 Opportunities
- 12.4 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profile of Key Players
- 16.3.1 Banchharam
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Bikanervala Foods Private Limited
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.3 Bikaji Food International Limited
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Bihar State Co-operative Milk Producers Federation Limited (COMFED)
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.5 Gujarat Co-operative Milk Marketing Federation Limited
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.6 Haldiram's
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.7 Karnataka Co-operative Milk Producers Federation Limited (KMF)
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 KC Das Private Limited
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.9 Lal Sweets Private Limited
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Orissa State Co-operative Milk Producers Federation Limited (OMFED)
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Parag Milk Foods Limited
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.12 Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF)
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
Pricing
Currency Rates
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