| Product Code: ETC102643 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
India`s chocolate liquid extract import market continued to witness significant growth in 2024, with top exporting countries including Switzerland, Italy, UAE, Germany, and Netherlands. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 25.93%, showcasing a robust upward trajectory. However, there was a slight decline in the growth rate from 2023 to 2024, with a decrease of -14.64%. Despite this decrease, the overall outlook for chocolate liquid extract imports into India remains positive, with continued interest from key exporting nations.

The chocolate liquid extract market in India is expected to grow significantly in the coming years, driven by rising demand for cocoa and chocolate products. The increasing disposable income coupled with a growing preference for convenience food, has led to an increased consumption of chocolates across all age groups. Moreover, changing lifestyles and high-end consumer preferences have further augmented the demand for various types of chocolates including dark, semi-sweet and milk chocolates. Furthermore, manufacturers are continuously introducing innovations such as creative packaging designs and different flavors which have also been helping to drive the growth of this segment in India.
Increasing Disposable Income: With rising disposable incomes among urban consumers, there has been an increase in spending on premium food products like chocolates which is driving up the demand for related products like liquid extracts too. Rising Demand For Convenience Food: There has been a pronounced shift towards ready-to-eat foods as shoppers become busier due to their work schedules leading to more meals being eaten outside or on-the-go making convenience foods increasingly popular across age groups. This trend is likely to benefit sales of chocolate liquid extracts in India as well given that it can be used as ingredients or flavorings for various types of dishes such as cakes and pastries.
High Price Volatility Of Cocoa And Chocolate Products: The prices of cocoa beans tend to fluctuate regularly depending upon climatic conditions creating volatility within the supply chain leading to higher costs associated with production activities resulting into higher prices charged from customers at retail outlets curtailing its overall sales potentials.
Some key players operating within India Chocolate Liquid Extract Market include Nestle India Ltd., Cadbury Dairy Milk (Mondelez International), Amul (GCMMF), Hershey`s India Pvt Ltd., Ferrero Rocher etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Chocolate Liquid Extract Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Chocolate Liquid Extract Market Revenues & Volume, 2021 & 2031F |
3.3 India Chocolate Liquid Extract Market - Industry Life Cycle |
3.4 India Chocolate Liquid Extract Market - Porter's Five Forces |
3.5 India Chocolate Liquid Extract Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Chocolate Liquid Extract Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 India Chocolate Liquid Extract Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Chocolate Liquid Extract Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer demand for natural and organic ingredients in food products |
4.2.2 Growing awareness about the health benefits of chocolate liquid extract |
4.2.3 Rising disposable income and changing consumer preferences towards premium products |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials like cocoa beans |
4.3.2 Intense competition from other beverage segments like coffee and tea |
4.3.3 Challenges in maintaining product quality and consistency due to natural ingredients |
5 India Chocolate Liquid Extract Market Trends |
6 India Chocolate Liquid Extract Market, By Types |
6.1 India Chocolate Liquid Extract Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Chocolate Liquid Extract Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Chocolate Liquid Extract Market Revenues & Volume, By White, 2021-2031F |
6.1.4 India Chocolate Liquid Extract Market Revenues & Volume, By Milk, 2021-2031F |
6.1.5 India Chocolate Liquid Extract Market Revenues & Volume, By Dark, 2021-2031F |
6.2 India Chocolate Liquid Extract Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 India Chocolate Liquid Extract Market Revenues & Volume, By Organic, 2021-2031F |
6.2.3 India Chocolate Liquid Extract Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 India Chocolate Liquid Extract Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Chocolate Liquid Extract Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.3.3 India Chocolate Liquid Extract Market Revenues & Volume, By Cosmetics & Personal Care, 2021-2031F |
6.3.4 India Chocolate Liquid Extract Market Revenues & Volume, By Pharmaceutical Industry, 2021-2031F |
6.3.5 India Chocolate Liquid Extract Market Revenues & Volume, By Nutraceutical, 2021-2031F |
6.3.6 India Chocolate Liquid Extract Market Revenues & Volume, By Others, 2021-2031F |
7 India Chocolate Liquid Extract Market Import-Export Trade Statistics |
7.1 India Chocolate Liquid Extract Market Export to Major Countries |
7.2 India Chocolate Liquid Extract Market Imports from Major Countries |
8 India Chocolate Liquid Extract Market Key Performance Indicators |
8.1 Consumer engagement on social media platforms for chocolate liquid extract products |
8.2 Number of new product launches and innovations in the chocolate liquid extract market |
8.3 Growth in the number of distribution channels for chocolate liquid extract products |
9 India Chocolate Liquid Extract Market - Opportunity Assessment |
9.1 India Chocolate Liquid Extract Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Chocolate Liquid Extract Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 India Chocolate Liquid Extract Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Chocolate Liquid Extract Market - Competitive Landscape |
10.1 India Chocolate Liquid Extract Market Revenue Share, By Companies, 2024 |
10.2 India Chocolate Liquid Extract Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |