India Confectionery Market Synopsis
India confectionery market is expected to grow at a CAGR of 7.3% during the period 2020-2026. This growth can be attributed to factors such as rising disposable income, changing lifestyles, and increasing demand for healthy snacks by consumers. Additionally, the introduction of new product categories has also helped in boosting this markets growth. The India confectionery market consists of products like chocolates, hard-boiled candies or lozenges, gums jellies, sugar confectioneries, and others (including wafers).
Drivers of the Market:
- Rising Disposable Income - With an increase in disposable incomes among Indian households coupled with changing lifestyles has significantly contributed to increased demand for premium brands from the country`s organized retail sector. This has led to increased consumption of chocolate products due to their affordability and availability across different price points. Consequently, leading manufacturers are focusing on developing innovative flavors that appeal more to customers' tastes leading to a boost in sales numbers.
- Health Consciousness Among Consumers - Over the past few years there has been a growing trend towards health consciousness among Indian consumers which is driving them towards healthier snack options instead of traditional sugary treats available in the marketplace such as chocolate bars or candy bars etc. Companies have responded with offerings offering no added sugar content made from natural ingredients providing an opportunity for companies operating within this space while still satisfying customer demands for indulgent snacks without sacrificing the nutritional value associated with them.
Key Highlights of the Report:
- India Confectionery Market Outlook
- India Confectionery Market Trend Evolution
- India Confectionery Market Drivers and Challenges
- India Confectionery Price Trends
- India Confectionery Import Export Trade Statistics
- Market Opportunity Assessment By Type
- India Confectionery Porter's Five Forces
- India Confectionery Industry Life Cycle
- Market Opportunity Assessment By Distribution Channel
- India Confectionery Top Companies Market Share
- India Confectionery Company Profiles
- India Confectionery Key Strategic Recommendations
- India Confectionery Competitive Benchmarking By Technical and Operational Parameters
- Historical Data and Forecast of India Confectionery Market Revenues Volume By Distribution Channel for the Period 2016 - 2026
- Historical Data and Forecast of India Confectionery Market Revenues Volume By Fine Bakery Wares for the Period 2016 - 2026
- Historical Data and Forecast of India Confectionery Market Revenues Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of India Confectionery Market Revenues Volume By Type for the Period 2016 - 2026
- Historical Data and Forecast of India Confectionery Market Revenues Volume By Supermarket/Hypermarket for the Period 2016 - 2026
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