India Confectionery Market (2024-2030) | Analysis, Outlook, Value, Revenue, Companies, Industry, Growth, Forecast, Size, Trends & Share

Market Forecast By Type (Sugar, Chocolate, Fine Bakery Wares, Others), By Distribution Channel (Supermarket/Hypermarket, Specialist Retailers, Online Retail Stores, Convenience Stores, Other Distribution Channels) And Competitive Landscape

Product Code: ETC018164 Publication Date: Aug 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

India Confectionery Market Shipment Analysis

India Confectionery Market registered a decline of -0.43% in value shipments in 2022 as compared to 2021 and an increase of 6.51% CAGR in 2022 over a period of 2017. In Confectionery Market India is becoming less competitive as the HHI index in 2022 was 1074 while in 2017 it was 935. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Confectionery Market.

India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of the Confectionery Market in 2022 was 0.11 while in 2017 it was 0.12. Bangladesh, China, Malaysia, Türkiye and Thailand were among the top players in the market in 2022, where Bangladesh acquired the largest market share of 21.06% with a shipment value of 6.16 million USD in 2022 Bangladesh also offered the product below the average market price thus having a competitive advantage over others In 2017 China had the largest market share of 16.49% with the shipment value of 3.32 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As China price is lower than the average price, it provided a significant edge over another competitor in 2017.

India Confectionery Market Competition 2023


India Export Potential Assessment For Confectionery Market (USD Values in Thousand)


Topics Covered in the India Confectionery Market

India Confectionery Market report thoroughly covers the market by types and by distribution channels. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the India Confectionery Market

India Confectionery Market is witnessing several latest developments over the years. For instance, the confectionery market in India is experiencing a shift towards healthier options as consumers are becoming more conscious of their dietary choices, leading to increased demand for confectionery products with reduced sugar content and functional ingredients. Moreover, confectionery manufacturers are continuously introducing innovative flavours and formats to cater to diverse consumer preferences. International confectionery brands are increasingly entering the Indian market, either through direct imports or through partnerships with local manufacturers. This helped introduce a wider range of options to consumers and contributed to the diversification of the market. Further, consumers generally favoured products that aligned with their cultural preferences. Traditional sweets and snacks continued to have a strong market presence alongside newer, imported confectionery options

India Confectionery Market Synopsis

India Confectionery Market is growing primarily due to the factors such as rising disposable income, changing lifestyles, and surging demand for healthy snacks by consumers. Additionally, the introduction of new product categories has also helped in boosting the India Confectionery Market Growth. The India confectionery market consists of products like chocolates, hard-boiled candies or lozenges, sugar confectioneries and others.

According to 6Wresearch, the India confectionery market is anticipated to grow at a CAGR of 7.3% during the period 2024-2030. The market is growing and it is influenced by changing consumer preferences as the India confectionery industry is being evolved with a growing demand for innovative and unique flavours. Additionally, growing disposable income is allowing consumers to spend more on indulgent treats like confectionery products. Thus, propelling the market development to a great extent. Moreover, the rise of urban centres and modern retail formats has expanded the accessibility of confectionery products to a wider audience. Manufacturers are introducing new and innovative confectionery products to cater to health-conscious consumer segments.

Government policies and schemes introduced in the India Confectionery Market

  • The government of India had implemented general initiatives and policies aimed at the food and manufacturing sectors indirectly impacting the confectionery market. Also, the government is contributing to the overall growth of the country’s food industry. For instance,
  • The government had been actively promoting the food processing industry through the "Pradhan Mantri Kisan Sampada Yojana." This scheme aimed to improve infrastructure and modernize food processing facilities.
  • The "Make in India" initiative encourages domestic manufacturing and attracts foreign investment. This initiative indirectly reinforced the confectionery market by promoting local production.
  • The Food Safety and Standards Authority of India (FSSAI) established regulations and standards for food products. These regulations ensure food safety and quality, enhancing consumer self-assurance in domestic products and potentially supporting exports in the country.
  • The government's focus on supporting and promoting SMEs in various sectors indirectly benefited small confectionery manufacturers by providing them with opportunities for development.

Key growth opportunities in the India Confectionery Market

There is a growing demand for healthier confectionery options, that incorporate functional benefits to cater to health-conscious consumers. This factor creates ample opportunities for the market. Moreover, the emergence of a premium confectionery market presents opportunities for manufacturers to create high-quality and gourmet confectionery products. Furthermore, the rise of e-commerce platforms allows confectionery brands to reach vast audiences beyond their traditional geographic reach. Furthermore, the demand for functional foods is increasing as manufacturers can explore incorporating health-enhancing ingredients into their confectionery products.

Drivers of the Market

  • Rising Disposable Income - With an increase in disposable incomes among households coupled with evolving lifestyles has significantly contributed to increased demand for premium brands from the country`s organized retail sector. This has led to increased consumption of chocolate products due to their affordability across different price points.
  • Health Consciousness Among Consumers - Over the past few years there has been a growing trend towards health consciousness among consumers which is driving them towards healthier snack options instead of traditional sugary products available in the marketplace. Companies have responded with offerings offering no added sugar content made from natural ingredients providing an opportunity for companies operating within this space while still cater to the customer demands for indulgent snacks.

Challenges of the Market

One of the major challenges faced by manufacturers is the presence of unorganized players who dominate most segments within this industry making it difficult for larger companies operating under the organized sector given their limited ability to compete against lower pricing models offered by these players resulting in lost revenue opportunities for many brand owners even though they offer higher quality goods. Rising health consciousness among consumers has led to concerns about the high sugar and calorie content in traditional confectionery products. Moreover, the confectionery industry faces regulations related to labelling and advertising which impact product formulation and marketing strategies. Fluctuations in raw material costs, coupled with price sensitivity among consumers also pose challenges in maintaining competitive pricing while ensuring profitability.

Trends in the India Confectionery Market

With growing awareness of health and wellness, consumers are seeking healthier confectionery options. This has led to an upsurge in demand for sugar-free, and natural ingredient-based products. Confectionery companies are responding by introducing products with reduced sugar content and incorporating functional ingredients. Consumers are willing to indulge in premium and gourmet confectionery products for special occasions or as gifts. This trend has led to the emergence of artisanal and high-quality confections that focus on unique flavours. Manufacturers are experimenting with novel flavours, combining traditional tastes with modern twists to attract consumers' attention. Additionally, unconventional formats and combinations, such as savoury-sweet blends, are gaining popularity, catering to adventurous palates.

The Impact of COVID-19 on the India Confectionery Market

The India confectionery market size has been significantly impacted by the pandemic. The confectionery sector experienced both short-term disruptions and long-term changes in consumer behaviour. For instance, initial lockdowns and restrictions led to challenges in sourcing raw materials, packaging, and distribution. This resulted in production delays for some confectionery products. The closure of restaurants and other entertainment places during lockdowns meant a significant drop in impulse buying and on-the-go consumption. Apart from this, the pandemic accelerated the adoption of online shopping for groceries and food items. Many confectionery brands and retailers expanded their online presence to cater to this trend. Confectionery brands adapted by introducing new product variants and formats suitable for individual consumption.

Key Players in the India Confectionery Market

Some of the prominent confectionery companies in India include;

  • Parle Products Pvt. Ltd.
  • Cadbury India (Mondelez International)
  • Nestle India
  • Perfetti Van Melle India
  • ITC Limited
  • Mondelez International
  • Amul
  • Lotus Chocolate Company Limited
  • Candy Land
  • Ravalgaon

Market Analysis by Type

According to Ravi Bhandari, Research Head, 6Wresearch, the chocolate segment is accomplishing robust growth, driven by changing consumer preferences and rising disposable incomes. Premium and innovative chocolate offerings are particularly popular among urban consumers. On the other hand, the fine bakery wares segment is also expected to hold the dominant position in the market as consumers are willing to spend on high-quality baked goods for celebrations and special occasions.

Market analysis by Distribution Channel

Based on Distribution Channel, the online retail channel is dominating the India Confectionery Market Share over the forecast period due to rising digital adoption and the convenience it offers.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023.
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • India Confectionery Market Outlook
  • Market Size of India Confectionery Market, 2020
  • Forecast of India Confectionery Market, 2030
  • Historical Data and Forecast of India Confectionery Revenues & Volume for the Period 2020-2030
  • India Confectionery Market Trend Evolution
  • India Confectionery Market Drivers and Challenges
  • India Confectionery Price Trends
  • India Confectionery Porter's Five Forces
  • India Confectionery Industry Life Cycle
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Sugar for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Chocolate for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Fine Bakery Wares for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Distribution Channel for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Supermarket/Hypermarket for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Specialist Retailers for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Online Retail Stores for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Convenience Stores for the Period 2020-2030
  • Historical Data and Forecast of India Confectionery Market Revenues & Volume By Other Distribution Channels for the Period 2020-2030
  • India Confectionery Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Distribution Channel
  • India Confectionery Top Companies Market Share
  • India Confectionery Competitive Benchmarking By Technical and Operational Parameters
  • India Confectionery Company Profiles
  • India Confectionery Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

  • Sugar
  • Chocolate
  • Fine Bakery Wares
  • Others

By Distribution Channel

  • Supermarket/Hypermarket
  • Specialist Retailers
  • Online Retail Stores
  • Convenience Stores
  • Other Distribution Channels
India Confectionery Market: FAQs
The India confectionery market experienced disruptions in supply chains and consumer behaviour due to the global pandemic.
Manufacturers faced various challenges such as reduced workforce, logistical issues, and fluctuating raw material availability.
Due to COVID-19's impact, supply chain disruptions led to irregular product availability and distribution delays that affect both manufacturers and consumers to a certain extent.
The market is anticipated to grow progressively in the coming years as consumer confidence improves, with continued growth in e-commerce and demand for healthier confectionery products.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Market Overview
3.1 India Confectionery Market Revenues & Volume, 2020-2030F
3.2 India Confectionery Market - Industry Life Cycle
3.3 India Confectionery Market - Porter's Five Forces
3.4 India Confectionery Market Revenues & Volume Share, By Type, 2020 & 2030F
3.5 India Confectionery Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F
4 India Confectionery Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 India Confectionery Market Trends
6 India Confectionery Market Segmentation
6.1 India Confectionery Market, By Type
6.1.1 Overview and Analysis
6.1.2 India Confectionery Market Revenues & Volume, By Type, 2020-2030F
6.1.3 India Confectionery Market Revenues & Volume, By Sugar, 2020-2030F
6.1.4 India Confectionery Market Revenues & Volume, By Chocolate, 2020-2030F
6.1.5 India Confectionery Market Revenues & Volume, By Fine Bakery Wares, 2020-2030F
6.1.6 India Confectionery Market Revenues & Volume, By Others, 2020-2030F
6.2 India Confectionery Market, By Distribution Channel
6.2.1 Overview and Analysis
6.2.2 India Confectionery Market Revenues & Volume, By Supermarket/Hypermarket, 2020-2030F
6.2.3 India Confectionery Market Revenues & Volume, By Specialist Retailers, 2020-2030F
6.2.4 India Confectionery Market Revenues & Volume, By Online Retail Stores, 2020-2030F
6.2.5 India Confectionery Market Revenues & Volume, By Convenience Stores, 2020-2030F
6.2.6 India Confectionery Market Revenues & Volume, By Other Distribution Channels, 2020-2030F
7 India Confectionery Market Import-Export Trade Statistics
7.1 India Confectionery Market Export to Major Countries
7.2 India Confectionery Market Imports from Major Countries
8 India Confectionery Market Key Performance Indicators
9 India Confectionery Market - Opportunity Assessment
9.1 India Confectionery Market Opportunity Assessment, By Type, 2020 & 2030F
9.2 India Confectionery Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F
10 India Confectionery Market - Competitive Landscape
10.1 India Confectionery Market Revenue Share, By Companies, 2020
10.2 India Confectionery Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles
12 Recommendations
13 Disclaimer
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