Product Code: ETC4540945 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India confectionery ingredients market import shipment demonstrated a steady expansion from 2020 to 2024, with a notable CAGR of 12.1% over the period. Growth momentum remained robust as indicated by a 10.3% increase between 2023 and 2024, showcasing a consistent upward trend in market demand.
The India confectionery ingredients market is on the rise as confectionery products continue to be favored by consumers for indulgence and celebration. Confectionery ingredients include a range of components like chocolate, sugar, gums, and fillings that are used in candies, chocolates, and other sweet treats. The market`s growth is influenced by the enduring love for confectionery products in India, with an evolving market offering innovative and exotic flavors and textures. As consumers seek delightful and diverse confectionery experiences, the confectionery ingredients market contributes to the creation of products that cater to the country`s sweet tooth.
The India confectionery ingredients market is influenced by multiple factors, including changing consumer preferences, rising disposable income, and evolving lifestyles. Consumer demand for innovative and exotic flavors, textures, and ingredients in confectionery products is one of the major drivers. The introduction of healthier and natural ingredients, as well as a focus on premium and gourmet confectionery, is also contributing to the growth of this market. Additionally, the gifting culture and the presence of numerous festivals in India drive the demand for confectionery products, further boosting the need for high-quality confectionery ingredients.
The confectionery ingredients market in India faces challenges related to quality control, consumer demand, and competition. Ensuring the consistent quality and safety of confectionery ingredients, including those that affect taste, texture, and appearance, is vital. Meeting consumer demands for healthier and more natural confectionery products while maintaining the indulgence factor poses a significant challenge. The market must also address competition from alternative sweeteners and ingredients while maintaining the appeal and sensory experience of confectionery products.
The confectionery ingredients market may have been impacted by changing consumer preferences and the economic impact of COVID-19. As people`s buying habits and priorities shifted, confectionery manufacturers had to adapt.
The India confectionery ingredients market is influenced by key players like Aalst Chocolate Pvt. Ltd., Darshan Foods Pvt. Ltd., and Bakemate. These companies specialize in providing a wide range of confectionery ingredients and solutions for the confectionery industry. Their focus on creativity, quality, and innovation has significantly impacted the market`s dynamics.
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 Confectionery Ingredients Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Confectionery Ingredients Market Revenues & Volume, 2021 & 2031F |
3.3 India Confectionery Ingredients Market - Industry Life Cycle |
3.4 India Confectionery Ingredients Market - Porter's Five Forces |
3.5 India Confectionery Ingredients Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Confectionery Ingredients Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Confectionery Ingredients Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.8 India Confectionery Ingredients Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 India Confectionery Ingredients Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income in India leading to higher spending on confectionery products |
4.2.2 Growing trend of gifting confectionery items for various occasions and festivals |
4.2.3 Rising demand for innovative and premium confectionery products in the market |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Stringent regulations and quality standards in the food industry affecting ingredient sourcing and formulation |
4.3.3 Health concerns and changing consumer preferences towards healthier snacking options |
5 India Confectionery Ingredients Market Trends |
6 India Confectionery Ingredients Market, By Types |
6.1 India Confectionery Ingredients Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Confectionery Ingredients Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Confectionery Ingredients Market Revenues & Volume, By Cocoa & Chocolate, 2021-2031F |
6.1.4 India Confectionery Ingredients Market Revenues & Volume, By Dairy Ingredients, 2021-2031F |
6.1.5 India Confectionery Ingredients Market Revenues & Volume, By Hydrocolloids, 2021-2031F |
6.1.6 India Confectionery Ingredients Market Revenues & Volume, By Emulsifiers, 2021-2031F |
6.1.7 India Confectionery Ingredients Market Revenues & Volume, By Malts, 2021-2031F |
6.1.8 India Confectionery Ingredients Market Revenues & Volume, By Oils & Shortenings, 2021-2031F |
6.1.9 India Confectionery Ingredients Market Revenues & Volume, By Flavors, 2021-2031F |
6.1.10 India Confectionery Ingredients Market Revenues & Volume, By Flavors, 2021-2031F |
6.2 India Confectionery Ingredients Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Confectionery Ingredients Market Revenues & Volume, By Chocolate, 2021-2031F |
6.2.3 India Confectionery Ingredients Market Revenues & Volume, By Sugar Confectionery, 2021-2031F |
6.2.4 India Confectionery Ingredients Market Revenues & Volume, By Gums, 2021-2031F |
6.3 India Confectionery Ingredients Market, By Source |
6.3.1 Overview and Analysis |
6.3.2 India Confectionery Ingredients Market Revenues & Volume, By Synthetic, 2021-2031F |
6.3.3 India Confectionery Ingredients Market Revenues & Volume, By Natural, 2021-2031F |
6.4 India Confectionery Ingredients Market, By Form |
6.4.1 Overview and Analysis |
6.4.2 India Confectionery Ingredients Market Revenues & Volume, By Dry, 2021-2031F |
6.4.3 India Confectionery Ingredients Market Revenues & Volume, By Liquid, 2021-2031F |
7 India Confectionery Ingredients Market Import-Export Trade Statistics |
7.1 India Confectionery Ingredients Market Export to Major Countries |
7.2 India Confectionery Ingredients Market Imports from Major Countries |
8 India Confectionery Ingredients Market Key Performance Indicators |
8.1 Consumer engagement metrics such as social media interactions, website traffic, and customer reviews |
8.2 New product development rate to gauge the market's innovation and response to changing consumer preferences |
8.3 Supplier performance metrics like on-time delivery, quality compliance, and cost-effectiveness in sourcing raw materials |
9 India Confectionery Ingredients Market - Opportunity Assessment |
9.1 India Confectionery Ingredients Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Confectionery Ingredients Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Confectionery Ingredients Market Opportunity Assessment, By Source, 2021 & 2031F |
9.4 India Confectionery Ingredients Market Opportunity Assessment, By Form, 2021 & 2031F |
10 India Confectionery Ingredients Market - Competitive Landscape |
10.1 India Confectionery Ingredients Market Revenue Share, By Companies, 2024 |
10.2 India Confectionery Ingredients Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |