PROSPECTS AND OPPORTUNITIES
Rising raw materials prices expected to restrict growth in the short term
Global cocoa prices are at an all-time high, which has been impacting sales of major snacks categories such as chocolate confectionery. The prices of cocoa in India have more than doubled in the last couple of years.
Competition expected to intensify as e-commerce expands
While small local grocers remains the largest distribution channel for sales of chocolate confectionery, retail e-commerce is quicky gaining prominence. From close to a 1% share in 2019, retail e-commerce has grown significantly, and is set to account for close to a 9% share as of 2024.
Government regulation and health consciousness to further drive demand for healthier chocolate confectionery
In India, the Food Safety and Standards Authority of India (FSSAI) approved a proposal for new regulation of the nutritional labelling on packaged foods in mid-2024. These changes, once implemented post-review, will require manufacturers to prominently display the total content of salt, sugar, and saturated fat in bold and in a larger font on the packaging in the coming years.
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Overview:
Understand the latest market trends and future growth opportunities for the Chocolate Confectionery industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to a comprehensive range of core packaged food categories.
If you're in the Chocolate Confectionery industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Chocolate Confectionery in India report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Chocolate Confectionery in India?
- Which are the leading brands in Chocolate Confectionery in India?
- How are products distributed in Chocolate Confectionery in India?
- How is the rise of e-commerce and/or the expansion of modern grocery retail impacting traditional retail?
- What are the key health and wellness concerns driving, or challenging, sales in Chocolate Confectionery?
- How significant are vegan and vegetarian dietary requirements in determining sales growth in India?
- How has COVID-19 impacted consumer demand? To what extent have lockdown, home seclusion and stockpiling boosted sales? Will the longer term economic repercussions of the pandemic stimulate or suppress future growth?
- Where is future growth expected to be most dynamic?
- How significant will values-based claims, such as sustainability and ethical labelling, be in supporting future growth and brand equity?
Chocolate Confectionery in India - Category analysis
KEY DATA FINDINGS
Rise in global cocoa prices negatively impacts volume sales in India
Celebratory occasions continue to drive value sales of chocolate confectionery
Mondelez continues to hold strong, followed by Nestlé
Rising raw materials prices expected to restrict growth in the short term
Competition expected to intensify as e-commerce expands
Government regulation and health consciousness to further drive demand for healthier chocolate confectionery
Snacks in India - Industry Overview
Snacks in 2024: The big picture
Key trends in 2024
Competitive landscape
Channel developments
What next for snacks?
DISCLAIMER
The following categories and subcategories are included:
Chocolate Confectionery
- Chocolate Pouches and Bags
- Boxed Assortments
- Chocolate with Toys
- Countlines
- Seasonal Chocolate
- Tablets
- Other Chocolate Confectionery
Chocolate Confectionery
This is the aggregation of tablets, countlines, chocolate pouches and bags, boxed assortments, seasonal chocolate, chocolate with toys, and other chocolate confectionery. Nuts and fruits covered in chocolate are included in this category. Note that chocolate overtly positioned for baking/cooking purposes is excluded from Euromonitor International's confectionery coverage.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Chocolate Confectionery research and analysis database.
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