Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
India Chocolate Market Growth
Chocolates have been traditionally popular in India, and with the growing demand for convenience foods, thus the demand for chocolates is expected to continue to grow in India. Both Indian and international brands like Amul, Cadbury, and Nestlé have introduced smaller, snack-sized bars and pouches to capitalise on the growing trend of on-the-go snacking in the country.
Chocolates are popular among children as well as adults in India, due to their great taste, availability at various price points, and increasing product innovations by manufacturers.
With the rise of sweet indulgence foods, the chocolate producers in India are increasing their efforts to innovate existing range and develop new variants. They are focusing on improving flavours and textures to enhance the eating experience of consumers, which is leading to the India chocolate market development. For instance, Mason & Co., a provider of artisanal chocolates, offers unique flavours like Himalayan Pink Salt, Orange Peel, and Coconut Milk Chocolate.
Furthermore, the demand for organic, vegan, and sugar-free chocolates is growing in the country, supported by the increasing preference for healthier food options. For example, Pascati, an Indian chocolate brand, offers a range of organic and vegan chocolates made from ethically sourced ingredients. These chocolates are especially developed for health-conscious consumers seeking guilt-free indulgence.
India Chocolate Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 1.80 billion.
The market is expected to grow at a CAGR of 5.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.85 billion by 2032.
The market is being driven due to the emerging popularity of organic, vegan, and sugar- and gluten-free chocolates in various baked goods, confectioneries, and western desserts.
Key trends aiding the market expansion include growing popularity of nut-infused chocolates, a shift in consumer preferences away from traditional sweet indulgences and increasing consumer expectations of premium products.
Regions considered in the market are North India, East and Central India, West India, and South India.
Based on distribution channel, the market segmentations include supermarkets and hypermarkets, convenience stores, and online stores, among others.
Dark chocolate, milk chocolate, and white chocolate are the different types available in the market.
Key players in the market are Mars, Incorporated, Mondelez International, Inc., Ferrero International S.A, Nestlé S.A., The Hershey Company, Gujarat Co-operative Milk Marketing Federation Ltd., ITC Limited, Surya Food & Agro Ltd., August Storck KG, and DS Group, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Our Offices
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124