india chocolate market forecast and opportunities, 2020

India Chocolate Market Forecast & Opportunities , 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

R e s e a r c h M e t h o d o l o g y

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Baseline Methodology

Our dedicated team of industry experts has continuously monitored and analyzed different aspects of chocolate

market in India. The team has analyzed the outlook of various segments of this market and speculated a

positive future for this industry, while also considering factors such as growing range of products, increasing

population, increasing applications of chocolates in different types of confectionery products, etc. We have

applied top-down approach in order to derive the market size. On the other hand, we have executed pricing

analysis to know the current pricing trend in the market. We have provided accurate forecasting of the market

which would enable our clients to take better decisions while planning their strategy to achieve growth in India

chocolate market. We have used currency conversion as: USD X=INR XX.

Sources

For our study, the information is collected through primary research surveys with different manufacturers and

distributors of chocolates in India, followed by an exhaustive secondary research of credible paid databases. Our

team of analysts has then prudently evaluated all the collected information and presented it in chronological

order to depict a meaningful and clear picture of chocolate market in India. In addition, while compiling the data,

we have also cross checked all the collected information from multiple sources and data warehouses in order to

present the most accurate and precise information of the concerned industry. We have also identified and

analyzed all emerging trends, including important drivers and challenges that the industry is confronting. We

have also presented segmental shares with forecasts for the industry. The forecasts are based on our in-depth

analysis of market dynamics, prevalent trends, developments and opportunities, and performance of end user

industries.

Companies InterviewedMondelez India Foods, Nestle India Ltd, Morde, Campco, Lotus ChocolateCompany, Ferrero India, etc.

Secondary Sources Company Annual Reports, IBEF, Department of Consumer Affairs, etc.

S No. Contents

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

5.2.2. By Region

5.2.3. By End-User

5.2.4. By Company

6. India Industrial Chocolate Market Outlook



7. India Consumer Chocolate Market Outlook



7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Company

T a b l e o f C o n t e n t s

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S No. Contents

7.3. Pricing Analysis

8. India Milk Chocolate Market Outlook



9. India Dark Chocolate Market Outlook



10. India White Chocolate Market Outlook



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


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S No. Contents

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

19. About Us & Disclaimer

I n d u s t r y B r i e f

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India Chocolate Market Projected to Surpass US$ 17 billion in 2020

Rising per capita income, growing consumer base, and increasing use of chocolates inconfectionery products are driving India chocolate market

India chocolate market grew at a healthy rate during the last five years, on account of growingdemand from bakery, confectionery and ice cream industries, along with rising demand forconsumer chocolates from the youth population in the country. During the forecast period, Indiachocolate market is anticipated to witness significant growth on the back of various engagingadvertisement campaigns executed by consumer chocolate manufacturers, increase in the varietyof chocolates available at retail outlets, and changing consumer preferences. In addition, risingdisposable income of consumers and growing middleclass population base are also expected todrive consumer spending on chocolates through 2020.

According to recently released TechSci Research report, “India Chocolate Market Forecast &Opportunities, 2020”, chocolate market in India is forecast to surpass US $ 17 billion in 2020.Growth in the market is anticipated on account of extensive use of industrial chocolates inconfectionery and ice cream manufacturing, increasing substitution of traditional Indian sweetswith chocolates& chocolate products, growing gifting culture, and the large consumer base in thecountry. Although, milk chocolates dominate sales of consumer chocolates in India, over the lastfew years, dark chocolates have been gaining popularity among adult consumers in the country.

“New innovations in consumer chocolate segment such as launch of sugar free and organicchocolates, attractive packaging of premium chocolates, along with effective promotion andadvertisement strategies, are propelling growth in the market for consumer chocolates in India. Onthe other hand, demand for industrial chocolates in the country is being propelled by rising use ofchocolates for production of confectionery products and chocolate based ice creams.”, said Mr.Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm.

S a m p l e D a t a - S n a p s h o t

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India Chocolate Market Size, By Value (USD

Billion), By Volume (Thousand Tons), 2010-2020F

1 2 3 4 57 8 9 10 11 12

24

68

1012

1416

18 2022

24

2010 2011 2012 2013 2014 2015E2016F2017F2018F2019F2020F

Value (USD Billion)

50.00%

50.00%Rural Urban

India Chocolate Market Share, Rural

vs. Urban, By Value, 2014

NorthEast

West

South

India Chocolate Market Share, By

Region, By Volume, 2014 & 2020FChildren (0-20 years),

33%

Young Adults (20-40 years), …

Adults (40 years &

above), 34%

Children (0-20

years), 33%

Young Adults …

Adults (40 years & above),

34%

India Chocolates Market Share, By End

User Age Group, By Volume, 2014

India Chocolates Market Share, By End

User Age Group, B y Volume, 2020F

Mondelez, 15.00%

Nestle, …

Mars, 15.00%Campco,

15.00%

Lotus, 15.00%

Others, 25.00%

India Consumer Chocolates Market

Share, By Company, By Volume, 2014

India Consumer Chocolates Market

Share, By Company, By Volume, 2020F

Mondelez, 15.00%

Nestle, …

Mars, 15.00%Campco,

15.00%

Lotus, 15.00%

Others, 25.00%

India Chocolate Market Share, By Type, By Value, 2010-2020F

60.00%61.00% 62.00% 63.00% 64.00% 65.00% 66.00% 67.00% 68.00% 69.00% 70.00%

20.00% 21.00% 22.00% 23.00% 24.00% 25.00% 26.00% 27.00% 28.00% 29.00% 30.00%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Consumer Chocolate Industrial Chocolate

R e p o r t O r d e r i n g

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TechSci Research is a global market research and consulting company with offices in Canada, the UK and India. TechSci Research

provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on

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and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely

rich evaluation of the opportunities available in the market.

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Disclaimer :The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is madethat it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from varioussources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness ofany information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially statesthat it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts,can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internalconsumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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