India Chocolate Market to Post Over 19% CAGR to 2023, Projects 6Wresearch in Its Topical Study Available at MarketPublishers.com
06 Dec 2017 • by Natalie Aster
LONDON – India’s chocolate market is anticipated to gain momentum posting over 19% CAGR through to 2023. Among the segments, milk chocolate grabbed the lion’s share of the market as of 2016; however, dark chocolate is anticipated to see the highest growth in the offing due to health benefits provided by it. Additionally, with the rising trend of giving chocolates as gifts, premium chocolates will likely gain broad acceptance in the years to come.
Furthermore, the emergence of foreign brands, presence of a diversity of flavours and growing online chocolate distribution are the major factors stimulating the expansion of the country’s chocolate market. In addition, the urban consumer population accounts for over 70% of the total chocolate consumption, and there is a considerable opportunity in the untapped rural segment. With comparatively mature markets of Europe and America, the world chocolate market participants are keeping an eye on India’s marketplace.
Topical research study “India Chocolate Market (2017-2023)” drawn up by 6Wresearch offers an insightful, unbiased analysis of the market on a national scale.
The report breaks down the sector by material, category, products, types, packaging, distribution channels, and region-wise. It presents detailed market size estimates (historical and present) and forecasts for the global and Indian market and also for the main segments, from 2014 through to 2023. The report gives an all-round assessment of the current trends, key developments and lucrative opportunities, and detects the areas with high potential for future growth. The report sheds light on the major market growth driving and limiting factors; analyses the industry life cycle and value chain; offers Porter’s five forces analysis. Furthermore, the study canvasses the overall competitive scenario by revenue shares of the players, operating parameters, and chocolate type. The report offers extensive company profiles of the 8 leading players.
A complete collection of the publisher’s research reports is available at 6Wresearch page at MarketPublishers.com.