India Chocolate Market Has Bright Future Outlook, States Bonafide in Its Report Available at MarketPublishers.com
21 Mar 2017 • by Natalie Aster
LONDON – India’s chocolate marketplace has been witnessing huge growth in recent years by value and volume. The market governance is maintained by big international players through franchising and expansion into novel markets. This contributed to the expansion and growth of the country’s chocolate industry. Furthermore, the domestic chocolate marketplace has a bright outlook owing to immense growth in the confectionery industry, surging per capita income and gift-giving culture in India.
Mondelez India, Nestle India and Ferrero are the dominant players together accounting for over 65% of the total chocolate market. International brands such as Mars and domestically produced brand Amul are slowly seeking to gain traction.
Being more aware about chocolate brands, urban citizens are the largest group of chocolate consumers. Affluent urban population is currently even requiring premium chocolates which are more expensive than the regular ones. Considering this, producers are bringing premium or costlier products into the marketplace. Thus, premium offerings are rapidly becoming a trend in the Indian urban markets.
In-demand research report “India Chocolate Market Outlook, 2022” drawn up by Bonafide Research & Marketing gives an up-close look at the market for chocolate in India. The study includes an analysis of the global market covering market size by value, market shares, and global cocoa production.
The study explores the performance of the Indian market, estimating size (by volume and value) of the Indian marketplace, key categories of the market into the mass/non-premium chocolate and premium chocolate categories in terms of volume and value. The report product price and variant analysis, covering India’s economic profile, policy and regulatory landscape, PEST analysis, and trade dynamics. The report examines the national chocolate market dynamics shedding light on drivers and restraints. It explores the market trends & developments, explores the competitive landscape covering Porter’s five forces, profiles of the international and domestic market players. Furthermore, the report offers detailed forecasts to 2022 for the Indian chocolate marketplace.
More in-demand research studies by our partner are available at its page.