FMCG Players Accelerating Confectionery Market Growth

Indian confectionery market was valued at $4.53 billion in 2024 and is projected to reach $7.13 billion by 2035, growing at a CAGR of 5.2% during the forecast period (2025–2035). Companies in India’s Fast-Moving Consumer Goods (FMCG) sector are increasingly using acquisitions, partnerships, and new product launches to grow in the confectionery space. The companies are developing an end-to-end confectionery portfolio - across toffees, candies, and chocolate-based products. This is enhancing product visibility and accessibility, catering to both urban and semi-urban consumers.

Browse the full report description of “Indian Confectionery Market Size, Share & Trends Analysis Report by Type (Sugar Confectionery, Chocolate Confectionery, and Bakers' Confectionery), and by Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, and Online Channel), Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/indian-confectionery-market

A notable player in this trend is Reliance Consumer Products Ltd (RCPL). RCPL was set up on November 30, 2022, under Reliance Retail Ventures Limited. Since then, RCPL has been on a rapid spree to acquire or partner with well-known FMCG brands, and by FY25, it reached the top 10 FMCG companies in India. The company has now turned to confectionery, acquiring and introducing new chocolate, candy, and sweet brands. These moves are helping RCPL expand shelf space, grow online and offline presence, and support the overall growth of India’s confectionery market.

• In February 2024, RCPL acquired Ravalgaon Sugar Farm's candy brands in a Rs 27-crore deal. Ravalgaon Sugar Farm, which owns brands such as Mango Mood, Coffee Break, Tutty Fruity, Paan Pasand, Choco Cream, and Supreme, sold its trademarks, recipes, and all intellectual property rights to RCPL.

• In May 2023, RCPL acquired a 51% controlling stake in Lotus Chocolate Company Limited (LOTUS) for Rs. 74 crore. Additionally, RCPL has subscribed to non-cumulative redeemable preference shares of LOTUS for Rs. 25 crore. This acquisition helps drive the growth and expansion of Lotus into a comprehensive confectionery, cocoa, chocolate derivatives, and related products manufacturer across the industrial and consumer market spectrum.

• In April 2023, RCPL acquired Toffeeman to strengthen its consumer goods business in India. This adds to their existing range of staples, biscuits, beverages, confectionery, and chocolates. The Toffeeeman brand of candy and confectionery is owned by Maharashtra-based Sweet Confectionery Pvt. Ltd. The move will pit it against ITC Ltd, which sells candies under the Candyman brand.

• In 2022, Reliance continued to strengthen its brand portfolio. During the period, the business launched ‘Joyland’, a confectionery brand. The brand's pilot launch began in Uttar Pradesh.

Market Coverage

• The market number available for – 2024-2035

• Base year- 2024

• Forecast period- 2025-2035

• Segment Covered- 

o By Type

o Distribution Channel

• Competitive Landscape - Amul, DS Group, ITC Limited, Mondel?z International, Inc., Nestle India Limited, among others. 

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Indian Confectionery Market Report Segment

By Type

• Sugar Confectionery 
• Chocolate Confectionery 
• Bakers Confectionery

By Distribution Channel

• Supermarkets & Hypermarkets
• Convenience Stores
• Online Channel

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