(Entertainment-NewsWire.com, February 13, 2019 ) Netscribes' latest market research report titled Branded Chocolate Market in India 2017 states that the chocolate market in India is projected to grow at a CAGR of 17.8% between FY 2017 to FY 2022. In the branded chocolate segment, Mondelez India has 65% market share and its closest competitor is Nestle with 20% market share. International brands, such as, Mars and homegrown brand Amul are also gaining momentum in terms of sales and reach in the country. Other prominent players in the industry are ITC, Lotus Chocolate, Parle and Campco. Though milk chocolates account for majority of the revenues, but dark chocolate is also gaining popularity among the Indian consumers.
India has woken up to the fad of chocolate being considered as a gift proposition. While even till few years back traditional sweets / mithai were the only option in delicacy gifting, overt media exposure and smart marketing techniques have positioned chocolates as an alternative. Further, entry of major players in the country has increased the availability of such products. Another feature that works for this sector is the attractive pricing of products which particularly suits the Indian scenario wherein consumers seek economical products. However, factors such as high entry barriers and high excise and import duties pose as impediments towards the sector growth. The major trends identified include emergence of premium chocolates, surfacing of dark chocolates, concept of chocolate boutique, demand for healthy options and entry of retailers and confectioners.
Socioeconomic Indicators Slide 2: Total Population (2010-2011 – 2019-2020), Population Density (2010-2011 – 2019-2020) Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 – 2019-2020) Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020) Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011) Slide 6: GDP at Market Prices (2010-2014), FDI (2010-2014), Inflation Rate (2010-2014), Unemployment Rate (2010-2014) Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2015)
Market Overview Slide 8-9: Market Definition and Structure Slide 10: Cocoa Bean Processing Slide 11: Chocolate Manufacturing Process Slide 12: Current Market Scenario and Market size & Growth Forecast (Value-Wise; FY 2014 - FY 2022e) Slide 13: Player-Wise Segmentation and Product-Wise Segmentation Slide 14: Value Chain Analysis of Branded Chocolates Slide 15: Porter’s Five Force Analysis
Trade Analysis Slide 16: Export of Chocolate and Chocolate Products {Value-Wise; FY 2014 – FY 2017} and Export of Chocolate and Chocolate Products {Volume-Wise; FY 2014 – FY2017} Slide 17: Export of Chocolate and Chocolate Products – Region-Wise Segmentation {(Value-Wise: FY 2016 and FY 2017} and Export of Chocolate and Chocolate Products – Region-Wise Segmentation {Volume-Wise: FY 2016 and FY 2017} Slide 18: Import of Chocolate and Chocolate Products {Value-Wise; FY 2014 – FY 2017} Import of Chocolate and Chocolate Products {Volume-Wise; FY 2014 – FY 2017} Slide 19: Import of Chocolate and Chocolate Products - Region-Wise Segmentation (Value-Wise: FY 2016 and FY 2017} and Import of Chocolate and Chocolate Products – Region-Wise Segmentation {Volume-Wise: FY 2016 and FY 2017}
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