India Confectionery Market

Introduction of the India Confectionery Market Report

Confectionery products include food products that are rich in sugar and carbohydrates. Cake gum, cookies, chocolates, and other food products come under the category of confectionery products. These products are available across different distribution channels, including specialist retailers, supermarkets/ hypermarkets, convenience stores, and other channels.

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Market Dynamic

Key Drivers and Emerging Trends

Some of the major factors that are responsible for the growth of the India confectionery market size include the strong demand for low sugar products followed by the continuous expansion of the retail industry in the country. The continuous advancement in technologies has led to an improvement in customer service, which is considered an important requirement in every business. Indian consumers are always looking for fun and enjoyable products. This factor has surged the need for manufacturers to innovate new and noval shapes, textures, and flavors in confectioneries, thus opening new doors for market growth. Furthermore, the rising retail platforms are surging the demand for confectionery products. The accelerating demand for healthier snacking has surged the popularity of organic snacks and confectionery in India.

The changing lifestyle of the consumers has encouraged them to pay attention to their daily diet pattern and health. The growing prevalence of different types of diseases such as diabetes, blood pressure, obesity, and other diseases have motivated individuals towards the adoption of low-calorie and sugar-free food products to minimize the possibilities of these diseases. Thus, this factor is further energizing the growth of the confectionery market in India.

Restraint in the India Confectionery Market

As per the Indian confectionery market analysis, the constant fluctuations in the prices of raw materials is one of the biggest factors that is hampering market growth. Cocoa and sugar are the two important raw material that is majorly utilized for the production of confectionery. The average annual price of the raw materials fluctuates from high to low, thus negatively impacting the market.

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Product Type – Segment Analysis

Based on the Product Type, the gum confectionery segment is anticipated to grow at a higher CAGR during the forecast period. This is mainly attributed to the strong demand for innovative candies, snack bars, and other inventive stuff, particularly for children, young generation, and the working population. Moreover, the introduction of new products with advancements in flavor and texture is further attracting new consumers towards the segment.

Distribution Channel – Segment Analysis

Based on the Distribution Channel, the supermarkets/hypermarkets segment is expected to dominate the market during the forecast period. The rising dependency of individuals over these facilities, freedom of selection, broad variety of products, and different discount schemes offered by the retailers are the major factors that are responsible for the growth of the segment in the market. Furthermore, these stores provide a convenient buying experience for the individuals under one roof. The separate sections in these stores provide an easy way to buy chocolates and other confectioneries for the consumers. Therefore, the emergence of such sales counters is attracting people to purchase their weekly grocery items from these stores.

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Segments covered in the Report:

The India Confectionery market has been segmented on the basis of type, distribution channel. Based on type, the market is segmented into chocolate confectionery, sugar confectionary, Gum Confectionery. Based on distribution channel, the market is segmented supermarket/hypermarket, specialists retailers, online retail stores, convenience stores, and other distribution channels.

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Key questions answered in this research report:

• • At what pace is India Confectionery market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India Confectionery market? What will be the impact of drivers and restraints in the future?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various distribution channels of India Confectionery market and how they are poised to grow
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

India Confectionery Market by Type

• • Chocolate Confectionary
    • Dark Chocolate
    • White and Milk Chocolate
  • Sugar Confectionery
    • Boiled Sweets
    • Toffees, Caramels and Nougat
    • Pastilles, Gums, Jellies and Chews
    • Mints
    • Others
  • Gum Confectionery
    • Regular
    • Sugarless

India Confectionery Market by Distribution Channel

• • Supermarket/Hypermarket
  • Specialist Retailers
  • Online Retail Stores
  • Convenience Stores
  • Other Distribution Channels