India Confectionery Market Overview:
The latest report by IMARC Group, titled “India Confectionery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the India confectionery market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India confectionery market is expected to exhibit a CAGR of 6.70% during 2022-2027. Confectionery refers to various food products that are rich in sugar and other sweeteners. They are designed using several ingredients, such as emulsifiers, gelling, flavoring, stabilizers, and thickening agents, which assist in enhancing the taste, appearance, texture, and elasticity of products. Confectionery items commonly include gum, ice cream, frozen desserts, chocolates and non-chocolate candies, sweet baked goods, caramels and toffees, fine bakery wares, etc. These products are extensively available across supermarkets, retail shops, bakery stores, online platforms, hypermarkets, convenience stores, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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India Confectionery Market Trends:
The emerging trend of gifting bakery products, especially during festivals or special events, such as anniversaries, birthdays, social meetings, etc., is primarily driving the India confectionery market. Besides this, the rising levels of urbanization, improving consumer living standards, and the growing popularity of imported chocolates and candies are further augmenting the market growth. Moreover, the development of sugar-free confectioneries, on account of the escalating health concerns towards cardiovascular diseases, obesity, diabetes, etc., is also catalyzing the market across India.
Apart from this, the introduction of limited-edition, clean-label, cruelty-free, vegan, organic, and sustainably sourced products with no chemical additives and reduced allergens is acting as another significant growth-inducing factor. Furthermore, the elevating advancements in ambient storage conditions and the launch of anti-microbial packaging solutions are anticipated to propel the India confectionery market over the forecasted period.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Key Market Segmentation Breakup by:
- Hard-boiled Sweets
- Gums and Jellies
- Caramels and Toffees
- Medicated Confectionery
- Fine Bakery Wares
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmaceutical and Drug Stores
- Online Stores
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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Breakup by Region:
- North India
- West and Central India
- South India
- East India
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Key Questions Answered in This Report:
- How has the India confectionery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India confectionery market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the age group?
- What is the breakup of the market based on the price point?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India confectionery market and who are the key players?
- What is the degree of competition in the industry?
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