The Indian confectionery market is anticipated to grow at a CAGR 6.1% during the forecast period. The growth of the market is attributed to the increasing consumption of chocolates and other confectionery products over traditional Indian sweets. Further, the expanding retail channels and sudden growth in the impulse purchasing behavior of the people across the country are also impacting the growth of the market. In addition to this, global confectionery brands are also strengthening their position in the India confectionery industry to utilize the untapped potential of the country. Besides, an increase in the offering of products with localized flavors will also aid in the growth of the market across the region.

The Indian confectionery market is segmented based on type and distribution channels. Based on the type, the market is sub-segmented into sugar confectionery, chocolate confectionery, and bakers confectionery. Based on the distribution channel, the market is sub-segmented into supermarkets/ hypermarkets, convenience stores, and online channels. The convenience stores segment is expected to hold a major market share during the forecast period. 

The key players of the Indian confectionery market include Amul, Derby India, Nestlé S.A., Parle Products Pvt. Ltd., The Hershey Co., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and expansion to stay competitive in the market. 

Research Methodology

The market study of the Indian confectionery market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for confectionery manufacturers & distributors, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. Indian Confectionery Market Research and Analysis by Type
2. Indian Confectionery Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the Indian confectionery market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian confectionery market.
• Insights about market determinants which are stimulating the Indian confectionery market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.