The India confectionary market is suggested to have reached a value of around NR 30 billion at the beginning of 2007, and is estimated to have totalled just over NR 60 billion by the start of 2012. It is forecast that by 2017 the value of the India confectionary market will be around NR 140 billion.
The industry is suggested to have grown at a CAGR growth rate of around 15.56% between 2007 and 2012, and is forecast to witness an increase in growth over the forecast period, growing 17.03% between 2012 and 2017.
In terms of categories, 'Chocolate' is forecast to continue as the largest sector in the industry, and will be valued at around NR 62 billion by 2017. The second largest category, 'Sugar Confectionary' will be worth around NR 50 billion by 2017. The fastest growing category is suggested to be 'Chocolate', which will grow at a CAGR growth rate of over 20.3% between 2012 and 2017.
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