Chocolate market in India growing at 16% until 2023

reogma|Chocolate market in India growing at 16% until 2023

The Chocolate market is growing in India. The chocolate market is estimated to be USD 1.51 Billion in India in 2018 and will grow at CAGR of 16% till 2023. Due to rising middle class income and expanding distribution of chocolates, consumption of chocolates is increasing in both rural and urban India.

  • Definition / Scope
  • Market Overview
  • Market Risks
  • Top Market Opportunities
  • Market Drivers
  • Market Restraints
  • Industry Challenges
  • Technology Trends
  • Pricing Trends
  • Regulatory Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Distribution Chain Analysis
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References
  • Appendix

Definition / Scope

Scope of the report is chocolate Market in India. Chocolate market is growing in India.

Chocolate market in India is about chocolate manufacture by international and local companies such as Mondelez, Fererro, Nestle, Mars, and Amul and mostly consumption by consumers in India.

The total chocolate market is segmented into two broad categories: mass and premium, with three major product type Milk chocolates, White chocolates and Dark chocolates. 

Milk chocolate is the most popular category contributing 75 % to the total sales of chocolates, followed by white chocolate ā€“ 16 % and dark chocolate ā€“ 9%. 

Milk chocolate: Milk chocolate, as the name implies, contains at least 12% milk and must contain a minimum of 10% chocolate liquor ( pure cocoa butter and cocoa solids), though higher quality milk chocolates often contain as much as 30-40% cocoa. The rest is comprised of sugar and sometimes vanilla or emulsifiers. Milk chocolates referred in this report are cow milk chocolates unless otherwise specified.

White chocolate: It's effectively pure cocoa butter and sugar (at least 20% cocoa butter and 14% milk, cream, or milk solids). Often there's added vanilla.

Dark chocolate: A chocolate that is at least 35% chocolate liquor may be called dark chocolate. Dark chocolate is chocolate without milk solids added. The basic ingredients in dark chocolate bars are cocoa beans, sugar, an emulsifier such as soy lecithin to preserve texture, and flavourings.


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The Chocolate market is growing in India. The chocolate market is estimated to be USD 1.51 Billion in India in 2018 and will grow at CAGR of 16% till 2023. Due to rising middle class income and expanding distribution of chocolates, consumption of chocolates is increasing in both rural and […]
reogma|Chocolate market in India growing at 16% until 2023reogma|Chocolate market in India growing at 16% until 2023

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