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India Chocolate Market Forecast and Opportunities, 2020

India Chocolate Market Forecast and Opportunities, 2020

India chocolate market has been broadly segmented into Industrial Chocolates, which are used in preparation of different confectionary food products such as bakery items, ice cream, etc.; and Consumer Chocolates (Dark, Milk and White), which are directly sold to the consumers. Over the last decade, chocolate market in India has been growing at a significant rate, on account of expanding middle class population and increasing use of chocolates in various confectionery products. Expansion of organized retail industry in India and rising disposable income levels of consumers have been further propelling growth in the country’s chocolate market. Manufacturers are luring consumers by expanding their product portfolios and increasing availability of chocolates in various price ranges.

According to “India Chocolate Market Forecast & Opportunities, 2020”, chocolate market in India is projected to surpass US $ 17 billion by 2020. In 2014, Consumer chocolates segment dominated the Indian chocolate market, and this trend is expected to continue over the course of next five years. Product innovations, strong marketing strategies and increase in variety of products are driving consumer chocolate sales in India. Over the last few, apart from children, adult population has emerged as the key consumer segment for chocolate companies in the country. Consequently, manufacturers have been launching new and innovative chocolate products such as sugar-free and organic chocolates to lure adult consumers. In terms of regional sales, Northern India accounted for the largest share in 2014, followed by the Southern, Western and Eastern regions of the country. “India Chocolate Market Forecast & Opportunities, 2020” report highlights following aspects related to chocolate market in India:

  • India Chocolate Market Size, Share & Forecast
  • Segmental Analysis – Industrial Chocolate and Consumer Chocolate (Dark, Milk & White)
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Strategic Recommendations & Competitive Landscape
Why You Should Buy This Report?
  • To gain an in-depth understanding of chocolate market in India
  • To identify the on-going trends and anticipated growth in the coming years
  • To help industry consultants, chocolate manufacturers, distributors and dealers align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing material
  • To gain competitive knowledge of leading players
  • To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs
Report Methodology

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with leading chocolate companies and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and other proprietary databases.

Please Note: Printing is not available on single-user licenses.


Companies Mentioned

1. Mondelez India Foods Private Limited
2. Nestle India Limited
3. Mars International India Pvt Ltd.
4. The Central Arecanut and Cocoa Marketing and Processing Cooperative Limited (CAMPCO)
5. Lotus Chocolate Company Limited
6. Ferrero India Pvt. Ltd
7. Patchi
8. Morde Foods Pvt Ltd.
9. Gujarat Cooperative Milk Marketing Federation Ltd.
10. Hershey India Private Limited

1. Research Methodology
2. Product Overview
3. Analyst View
4. Global Chocolate Market Overview
5. India Chocolate Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Consumer Chocolates & Industrial Chocolates)
5.2.2. By Region
5.2.3. By End-User Age Group
5.2.4. By Company
6. India Industrial Chocolate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
7. India Consumer Chocolate Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type (Milk, Dark & White)
7.2.2. By Company
7.3. Pricing Analysis
8. India Milk Chocolate Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
9. India Dark Chocolate Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
10. India White Chocolate Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
13.1. Growing Popularity of Chocolates as Gifts
13.2. Rising Popularity of Sugar Free Chocolates
13.3. Emergence of Premium Chocolate Segment
13.4. Entry of Foreign Chocolate Companies in India
13.5. Increasing Focus on Advertisements and Promotional Activities
14. Raw Material Analysis
15. Policy & Regulatory Landscape
16. India Economic Profile
17. Competitive Landscape
17.1. Mondelez India Foods Private Limited
17.2. Nestle India Limited
17.3. Mars International India Pvt Ltd.
17.4. The Central Arecanut and Cocoa Marketing and Processing Cooperative Limited (CAMPCO)
17.5. Lotus Chocolate Company Limited
17.6. Ferrero India Pvt. Ltd
17.7. Patchi
17.8. Morde Foods Pvt Ltd.
17.9. Gujarat Cooperative Milk Marketing Federation Ltd.
17.10. Hershey India Private Limited
18. Strategic Recommendations
List of Figures
Figure 1: India Chocolate Market Size, By Value (USD Billion), By Volume (Thousand Tons), 2010-2020F
Figure 2: India Chocolate Market Share, Rural vs. Urban, By Value, 2014
Figure 3: India Chocolate Market Share, By Type, By Value, 2010-2020F
Figure 4: India Chocolate Market Share, By Region, By Volume, 2014 & 2020F
Figure 5: India Chocolates Market Share, By End User Age Group, By Volume, 2014
Figure 6: India Chocolates Market Share, By End User Age Group, By Volume, 2020F
Figure 7: India Semi-Finished Chocolates Market Share, By Company, By Volume, 2014
Figure 8: India Semi-Finished Chocolates Market Share, By Company, By Volume, 2020F
Figure 9: India Industrial Chocolate Market Size, By Value (USD Billion), By Volume (Thousand Tons), 2010-2020F
Figure 10: India Bakery Market Size, By Value, 2010-2015E (USD Billion)
Figure 11: India Ice Cream Market Size, By Value, 2013-2018F (USD Billion)
Figure 12: India Industrial Chocolate Market Share, By Application, By Volume, 2014
Figure 13: India Consumer Chocolate Market Size, By Value (USD Billion), By Volume (Thousand Tons), 2010-2020F
Figure 14: India Per Capita Income, 2012-2014 (USD)
Figure 15: Number of Middle Class Households in India, 2011, 2015E & 2025F (Million)
Figure 16: India Population Share, By Age Group (Years), 2011
Figure 17: India Consumer Chocolate Market Share, By Type, By Value, 2014
Figure 18: India Consumer Chocolate Market Share, By Type, By Value, 2020F
Figure 19: India Consumer Chocolate Market Share, By Type, By Volume, 2014
Figure 20: India Consumer Chocolate Market Share, By Type, By Volume, 2020F
Figure 21: India Consumer Chocolates Market Share, By Company, By Volume, 2014
Figure 22: India Consumer Chocolates Market Share, By Company, By Volume, 2020F
Figure 23: India Consumers Chocolate Market Share, By Price Range (INR), By Value, 2014
Figure 24: India Consumers Chocolate Market Share, By Price Range (INR), By Value, 2020F
Figure 25: India Milk Chocolate Market Size, By Value (USD Billion), By Volume (Thousand Tons), 2010-2020F
Figure 26: India Dark Chocolates Market Size, By Value (USD Million), By Volume (Thousand Tons), 2010-2020F
Figure 27: India White Chocolate Market Size, By Value (USD Million), By Volume (Thousand Tons), 2010-2020F
Figure 28: India Chocolate and Chocolate Products Imports, By Volume, 2010-2015* (Tons)
Figure 29: India Chocolate and Chocolate Products Exports, By Volume, 2010-2015* (Tons)
Figure 30: India Cocoa Powder Imports, By Volume, 2010-2015* (Tons)
Figure 31: India Cocoa Powder Exports, By Volume, 2010-2015* (Tons)
Figure 32: India Cocoa Block Imports, By Volume, 2010-2015* (Tons)
Figure 33: India Cocoa Block Exports, By Volume, 2010-2015* (Tons)
Figure 34: India Sugar Confectionery Products Imports, By Volume, 2010-2015* (Tons)
Figure 35: India Sugar Confectionery Product Exports, By Volume, 2010-2015* (Tons)
Figure 36: India Cocoa Exports, By Destination Country, By Value, 2012 (USD Million)
Figure 37: India Chocolate Exports Share, By Type, By Value, 2012
List of Tables
Table 1: North India State-wise Percentage Distribution of Population by Age-group (Rural/Urban), 2011
Table 2: India Per Capita Chocolate Consumption, 2005, 2012 & 2013 (Grams)
Table 3: India Consumer Chocolate Market, By Select Product, By Pack Size, By Price, 2015
Table 4: India Major Milk Chocolate Brands, 2014
Table 5: Nutrition Facts per 100 gm of Milk Chocolate
Table 6: India Major Dark Chocolate Brands, 2014
Table 7: Nutrition Facts per 100 gm of Dark Chocolate
Table 8: India Major White Chocolate Brands, 2014
Table 9: Nutrition Facts per 100 gm of White Chocolate
Table 10: Cocoa International Prices, 2009-2013 (USD per Tonne)
Table 11: India Sugar Prices, 2009-2012, (USD per 100 kg)
Table 12: India Milk Prices, 2009-2013, INR Per Liter
Table 13: Permissible Levels of Constituents in Chocolates, By Chocolate Type (% of Weight)

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