The Strong Presence of Global Confectionery Companies will Drive the Growth of the Indian Confectionery Market

The Indian confectionery market is anticipated to grow with a considerable CAGR during the forecast period (2020-2026). Indian confectionery market has evolved drastically for the past few decades. The region has a strong presence of globally recognized brands such as Marsh Inc., Nestle SA, The Hershey Co. among others. In addition to this, domestic players such as Amul, DS Group, and Parle Products Pvt. Ltd. are also accounting for a significant share in the Indian confectionery market owing to their product innovations and strong marketing strategies. Moreover, the steady increase in the offerings by the companies with the focus on regionally famous flavors and tastes such as raw mango, orange, and pineapple over time is also aiding the growth of the market.

Browse the full report description Indian Confectionery Market Size, Share & Trends Analysis Report By Type (Sugar Confectionery, Chocolate Confectionery, and Bakers Confectionery), By Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, and Online Channel), Forecast Period 2020-2026 at https://www.omrglobal.com/industry-reports/indian-confectionery-market

In addition to this, chocolate consumption over the traditional Indian sweets has also increased significantly in the past few years especially among the younger generation. The growth in the consumption of chocolate is also attributed to the longer shelf life of chocolates as compared to traditional sweets. Additionally, owing to the high western cultural influence, the chocolate gifting trend is also rising significantly across the country. The aforementioned factors will considerably impact the growth of the Indian confectionery market.

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- 

o By Type

o By Distribution Channel

• Competitive Landscape- Amul, Derby India, Nestlé S.A., Parle Products Pvt. Ltd., The Hershey Co.

Key questions addressed by the report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region

• Who is the leader in the market?
• How players are 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