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India chocolate market: 3.4 million tons volume by 2018

Press Release   •   Feb 21, 2013 17:09 GMT

The India chocolate market is expected to witness increased growth in the coming years to register a total estimated volume of 3.41 million tons by 2018. It is suggested that CAGR growth between 2013 and 2018 will reach 23%. The largest market share of the India chocolate market is expected to come from dark chocolate, which will continue its trend of being more popular than either milk or white chocolate. It is expected that a new trend within the chocolate industry will be the introduction of medicinal and organic ingredients into the manufacturing of chocolate. This practice is predicted to become commonplace with the major manufacturers.

The chocolate market in precedent years has been witnessing tremendous growth in terms of value as well as volume. The governance of market is maintained by large international giants through franchisee and expansion into new markets which is leading to the growth of the chocolates market in India. Indian chocolate industry has registered a growth of 15% per annum from 2008 to 2012 and is projected to grow even at a higher rate in future. The industry has a positive outlook due to phenomenal growth in the confectionery industry, rising per capita income and gifting culture in the country.

For more information on the India chocolate market, please click here: India Chocolate Market

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