India chocolate market stood at $ 1.3 billion in 2017 and is projected to grow at a CAGR of over 16% to reach $ 3.3 billion by 2023, on account of increasing young population base, growing urbanization and rising trend of gifting chocolates. Moreover, increasing disposable income of middle-class population, changing taste preferences of Indian consumers, growing awareness about health benefits of chocolate, and innovative marketing & promotional strategies by manufacturers are expected to boost sales of chocolates in India during forecast period. Some of the other factors that would drive the market are growing online sales of chocolates, increasing demand for premium chocolates, and rising popularity of organic and sugar-free chocolates.

 

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

  • To analyze and forecast India chocolate market size.
  • To define, classify and forecast India chocolate market based on type, category, distribution channel, region, states and company.
  • To analyze and forecast India chocolate market size with respect to type: milk chocolate, dark chocolate and white chocolate.
  • To analyze and forecast India chocolate market size with respect to category: pouches & bags, boxed, countlines, tablets and others.
  • To scrutinize the detailed market segmentation and forecast the market size based on four regions, namely – North India, West India, South India and East India.
  • To identify tailwinds and headwinds for India chocolate market.
  • To examine competitive developments such as expansions, innovative product launches, government policy and investments and new entrants in India chocolate market.
  • To strategically profile leading players operating in India chocolate market.


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Some of the major players operating in India chocolate market are Mondelez India Foods Private Limited, Ferrero India Private Limited, Nestlé India Limited, Mars International India Private Limited, Gujarat Cooperative Milk Marketing Federation Ltd., Hershey India Private Limited, Lotus Chocolate Company Limited, Global Consumer Products Private Limited, Surya Food & Agro Ltd., and ITC Limited, among others.   

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading chocolate companies across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the company personnel were also enquired about their key products, prices of products and competitors. Through this technique, TechSci Research was able to include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the type, category, distribution channel and regional presence of all major chocolate companies across the country.

TechSci Research calculated India chocolate market size using a top-down approach, where manufacturers’ value sales data for different product types of chocolate (milk chocolate, dark chocolate and white chocolate) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers and suppliers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations, financial reports, Ministry of Commerce and Industry, Ministry of Statistics & Programme Implementation (MoSPI), Central Intelligence Agency, World Bank, etc., were also studied by TechSci Research.


Key Target Audience:

  • Chocolate manufacturers, importers, suppliers and other stakeholders
  • Trade Associations, organizations, forums and alliances related to chocolate industry
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting companies

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as chocolate manufacturers, distributors and dealers, customers and policy makers. The report would aid the stakeholders in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, India chocolate market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

  • Market, by Type:
    • Milk Chocolate
    • Dark Chocolate
    • White Chocolate
  • Market, by Category:
    • Chocolates Pouches & Bags
    • Boxed Chocolates
    • Countlines
    • Tablets
    • Others
  • Market, by Distributional Channel:
    • Retail sales
    • Institutional sales
  • Market, by Region:
    • North
    • West
    • South
    • East
  • Market, by States (Top 10)

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in India chocolate market.

Voice of Customer: Customer analysis by considering parameters like Brand Recall, Consumption Frequency, Place of Purchase and Factors Influencing Purchase Decision.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of distributors and dealers across all major regions.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Executive Summary

4.       Voice of Customer

4.1.    Brand Awareness

4.2.    Usage Frequency

4.3.    Factors Influencing Purchase Decision

4.4.    Place of Purchase

5.       Global Chocolate Market Overview

6.       India Chocolate Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Value & Volume

6.2.    Market Share & Forecast

6.2.1.By Type (Milk Chocolate, Dark Chocolate and White Chocolate)

6.2.2.By Category (Chocolate Pouches & Bags, Boxed Chocolates, Countlines, Tablets and Others)

6.2.3.By Distribution Channel (Retail Sales and Institutional Sales)

6.2.3.1.   By Retail Distribution Channel (Independent Grocery Stores, Supermarkets/Hypermarkets, Convenience Stores, Online and Others)

6.2.4.By Region

6.2.5.By States

6.2.6.By Company

6.3.    Market Attractiveness Index (By Type, By Category, By Distribution Channel and By Region)

7.       India Milk Chocolate Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Category

7.2.2.By Distribution Channel

7.2.2.1.   By Retail Distribution Channel

7.3.    Pricing Analysis

8.       India Dark Chocolate Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Category

8.2.2.By Distribution Channel

8.2.2.1.   By Retail Distribution Channel

8.3.    Pricing Analysis

9.       India White Chocolate Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Category

9.2.2.By Distribution Channel

9.2.2.1.   By Retail Distribution Channel

9.3.    Pricing Analysis

10.   Supply Chain Analysis

11.   Import - Export Analysis

12.   Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.   Market Trends & Developments

14.   Policy & Regulatory Landscape

15.   India Economic Profile

16.   Competitive Landscape

16.1.  Competition Outlook

16.2.  Company Profiles

16.2.1.    Mondelez India Foods Private Limited

16.2.2.    Ferrero India Private Limited

16.2.3.    Nestlé India Limited

16.2.4.    Mars International India Private Limited

16.2.5.    Gujarat Cooperative Milk Marketing Federation Ltd.

16.2.6.    Hershey India Private Limited

16.2.7.    Global Consumer Products Private Limited

16.2.8.    Surya Food & Agro Ltd.

16.2.9.        Lotus Chocolate Company Limited

16.2.10.    ITC Limited

17.   Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

    Figure 1: Brand Recall, By Select Brand, 2018 (Sample Size = 200)

    Figure 2: Chocolate Consumption Frequency, By Age, 2018 (Sample Size=200)

    Figure 3: Factors Influencing Purchase Decision, 2018 (Sample Size = 200)

    Figure 4: Place of Purchase, 2018 (Sample Size = 200)

    Figure 5: India Chocolate Market Size, By Value (USD Million), By Volume (Million Kilogram), 2013-2023F

    Figure 6: India GDP Per Capita, 2011-2017 (USD)

    Figure 7: Cocoa Production in India, 2011-2017 (Metric Tonnes)

    Figure 8: India Cocoa Butter Fat and Oil Imports, By Volume, FY2013 - FY2018 (Metric Tonnes)

    Figure 9: India Chocolate Market Share, By Type, By Volume, 2013-2023F

    Figure 10: India Chocolate Market Share, By Category, By Volume, 2013-2023F

    Figure 11: India Chocolate Market Share, By Distribution Channel, By Volume, 2013-2023F

    Figure 12: India Chocolate Market Share, By Retail Distribution Channel, By Volume, 2013-2023F

    Figure 13: India Chocolate Market Share, By Region, By Volume, 2017 & 2023F

    Figure 14: India Chocolate Market Share, By Region, By Volume, 2013-2023F

    Figure 15: India Chocolate Market Share, By Select States, By Volume, 2017

    Figure 16: India Chocolate Market Share, By Company, By Value, 2017 & 2023F

    Figure 17: India Chocolate Market Attractiveness Index, By Type, By Volume, 2018E-2023F

    Figure 18: India Chocolate Market Attractiveness Index, By Category, By Volume, 2018E-2023F

    Figure 19: India Chocolate Market Attractiveness Index, By Distribution Channel, By Volume, 2018E-2023F

    Figure 20: India Chocolate Market Attractiveness Index, By Region, By Volume, 2018E-2023F

    Figure 21: India Milk Chocolate Market Size, By Value (USD Million), By Volume (Million Kilogram), 2013-2023F

    Figure 22: India Per Capita Household Final Consumption Expenditure, 2013-2017 (USD)

    Figure 23: India Milk Chocolate Market Share, By Category, By Volume, 2013-2023F

    Figure 24: India Milk Chocolate Market Share, By Distribution Channel, By Volume, 2013-2023F

    Figure 25: India Milk Chocolate Market Share, By Retail Distribution Channel, By Volume, 2013-2023F

    Figure 26: India Dark Chocolate Market Size, By Value (USD Million), By Volume (Million Kilogram), 2013-2023F

    Figure 27: India Urban Population Share (As a %age of Total Population), 2013-2017

    Figure 28: India Dark Chocolate Market Share, By Category, By Volume, 2013-2023F

    Figure 29: India Dark Chocolate Market Share, By Distribution Channel, By Volume, 2013-2023F

    Figure 30: India Dark Chocolate Market Share, By Retail Distribution Channel, By Volume, 2013-2023F

    Figure 31: India White Chocolate Market Size, By Value (USD Million), By Volume (Million Kilogram), 2013-2023F

    Figure 32: India Milk Production (Million Tonnes) and Per Capita Milk Availability (Gms/Day), FY2013-FY2017

    Figure 33: India White Chocolate Market Share, By Category, By Volume, 2013-2023F

    Figure 34: India White Chocolate Market Share, By Distribution Channel, By Volume, 2013-2023F

    Figure 35: India White Chocolate Market Share, By Retail Distribution Channel, By Volume, 2013-2023F

    Figure 36: India Chocolate Imports, By Value, FY2013-FY2018 (USD Million)

    Figure 37: India Chocolate Leading Exporters, By Value, FY2018

    Figure 38: India Chocolate Imports, By Volume, FY2013-FY2018 (Million Kilogram)

    Figure 39: India Chocolate Exports, By Value, FY2013-FY2018 (USD Million)

    Figure 40: India Chocolate Leading Importers, By Value, FY2018

    Figure 41: India Chocolate Exports, By Volume, FY2013-FY2018 (Million Kilogram)

     

    List of Tables

    Table 1: India Milk Chocolate Market Pricing Analysis, 2018 (USD/Kilogram)

    Table 2: India Dark Chocolate Market Pricing Analysis, 2018 (USD/Kilogram)

    Table 3: India White Chocolate Market Pricing Analysis, 2018 (USD/Kilogram)

    Table 4: Product-wise GST Rates, As on January 2018