Executive Summary

Aug 2018
PROSPECTS
Growing demand for premium chocolate in India

Indians travelling to international destinations often bring home premium chocolate as gifts for their friends and relatives, and this trend increased during the review period with the increasing number of Indians travelling abroad. However, in India the availability of such premium chocolates remains limited to only a few global brands in retailing despite growing demand.

Innovation in chocolate is well received by Indian consumers

Flavour innovation is a new trend driving chocolate confectionery as manufacturers are experimenting with different ingredients. Apart from fruit flavours such as strawberry and orange peel, new flavours such as coffee, cinnamon and many others are performing well in chocolate confectionery.

Health benefits associated with chocolate varieties drive growth

Chocolate is considered a healthy indulgence. Social media quotes research journals and suggestions from dieticians, resulting in people choosing dark chocolate, which has lower sugar content.

COMPETITIVE LANDSCAPE
Mondelez India Foods Pvt Ltd focuses on premium products in chocolate confectionery

Mondelez International Inc considers its Indian business to be crucial in achieving its global online sales target by 2020. The company, which retained its leading position in chocolate confectionery, plans to launch more premium range products under its popular mid-priced brand 5 Star.

Ferrero India Pvt Ltd aiming to capture more share in chocolate confectionery

Ferrero India Pvt Ltd is planning to invest INR2,000 crore in India over three years to manufacture products suited to local needs. The company is developing innovative chocolate confectionery products with higher melting points due to the hot climate conditions in India.

Many local companies enter chocolate confectionery

Given the strong growth of chocolate confectionery in economy, mid-priced and premium ranges, many domestic companies showed an interest in entering. Britannia Industries Ltd is planning to launch products by 2019.

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Chocolate Confectionery in India

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Overview

Discover the latest market trends and uncover sources of future market growth for the Chocolate confectionery industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Chocolate confectionery industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Chocolate confectionery in India market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Chocolate confectionery in India?
  • What are the major brands in India?
  • What are market opportunities for health and wellness minded dark chocolate?
  • What are market opportunities for ethically sourced chocolate?
  • How might increasingly volatile cocoa bean commodity prices impact retail prices and sales performance?

Why 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 industry report originates from Passport, our Packaged Food market research database.

Packaged Food in India - Industry Overview

EXECUTIVE SUMMARY

Strong double-digit growth for packaged food
Smaller pack sizes become increasingly popular due to healthy living
Competition intensifies as manufacturers fight to retain or gain share
Modern grocery retailers slowly gaining share from traditional grocery retailers
Significant opportunities for packaged food in the forecast period

FOODSERVICE

Sales to Foodservice
Cheese reshapes the landscape for foodservice companies in India
Rising café culture and increasing number of takeaway outlets boosts milk and value-added dairy products
Pasta sauces, mayonnaise and salad dressings remain popular

CONSUMER FOODSERVICE

Health and wellness influences consumer foodservice in urban regions
Affordability coupled with desire for experience drives consumer foodservice
Retailers and consumer foodservice operators explore and enter each other’s space

CATEGORY DATA

Table 1 Foodservice Sales of Packaged Food by Category: Volume 2013-2018
Table 2 Foodservice Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 3 Forecast Foodservice Sales of Packaged Food by Category: Volume 2018-2023
Table 4 Forecast Foodservice Sales of Packaged Food by Category: % Volume Growth 2018-2023

MARKET DATA

Table 5 Sales of Packaged Food by Category: Volume 2013-2018
Table 6 Sales of Packaged Food by Category: Value 2013-2018
Table 7 Sales of Packaged Food by Category: % Volume Growth 2013-2018
Table 8 Sales of Packaged Food by Category: % Value Growth 2013-2018
Table 9 GBO Company Shares of Packaged Food: % Value 2014-2018
Table 10 NBO Company Shares of Packaged Food: % Value 2014-2018
Table 11 LBN Brand Shares of Packaged Food: % Value 2015-2018
Table 12 Penetration of Private Label by Category: % Value 2013-2018
Table 13 Distribution of Packaged Food by Format: % Value 2013-2018
Table 14 Distribution of Packaged Food by Format and Category: % Value 2018
Table 15 Forecast Sales of Packaged Food by Category: Volume 2018-2023
Table 16 Forecast Sales of Packaged Food by Category: Value 2018-2023
Table 17 Forecast Sales of Packaged Food by Category: % Volume Growth 2018-2023
Table 18 Forecast Sales of Packaged Food by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources