1 | P a g e
2013
TechSci Research
Market Intelligence Experts
India Chocolates Market Forecast &
Opportunities, 2018
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 2
About Us
TechSci Research is a global market research and consulting company with offices in
Canada, UK and India. TechSci Research provides market research reports in number
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risk analysis. The proprietary forecasting models use various analyses of both industry-
specific and macroeconomic variables on state-by-state basis to produce a unique
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detailed analysis of company activity and industry trends, the result is uniquely rich
evaluation of the opportunities available in the market.
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India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 3
Table of Contents
1. Executive Summary
2. Global Chocolate Market Overview
2.1. Market Size and Forecast
2.1.1. By Value
2.1.2. By Volume
2.2 Market Share and Forecast
2.2.1. By Geography
2.2.2. By Distribution Channel
2.2.3. By Company
2.2.4. By Segment
3. India Chocolate Market Overview
3.1. Market size and Forecast
3.1.1. By Value
3.1.2. By Volume
3.2. Market Share and Forecast
3.2.1. By Region
3.2.2. By Company
3.2.3. By Demographics
3.2.4. By Product Type
3.2.5. By Segment
3.3. Price Point Analysis
3.4. Trade Dynamics
3.4.1. By Imports
3.4.2. By Exports
4. Industry Risk Analysis
5. Raw Material Analysis
6. India Economic Profile
7. Market Dynamics
7.1. Drivers
7.2. Challenges
8. Policy and Regulatory Framework
9. Market Trends and Developments
9.1. Private Labeling
9.2. Confectionery Market
9.3. Premium Chocolates
9.4. Popularity on Special Occasions
9.5. Consumption Rate
9.6. FDI (Foreign Direct Investment)
10. Competitive Landscape
10.1. Porter’s Five Forces Analysis
10.2. Leading Company Profiles
10.2.1. Krafts Foods Group Inc.
10.2.2. Nestle S.A.
10.2.3. Hershey Foods Corporation
10.2.4. Mars Inc.
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 4
10.2.5. Lotus Chocolates Company Limited
10.2.6. Gujarat Cooperative Milk Marketing Federation Limited (GCMMF)
10.2.7. The Campco Limited
10.2.8. Patchi SAL
10.2.9. Parle Products Limited
10.2.10. Cosmic Kitchen Private Limited
11. Strategic Recommendations
12. Research Methodology
13. Disclaimer
List of Figures
Figure 1: Global Chocolate Market Size, By Value, 2008-2012E (USD Billion)
Figure 2: Global Chocolate Market Size, By Value, 2013F-2018F (USD Billion)
Figure 3: Global Chocolate Market Size, By Volume, 2008-2012E (Billion/Kg)
Figure 4: Global Chocolate Market Size, By Volume, 2013F-2018F (Billion/Kg)
Figure 5: Global Chocolate Market Share, By Geography, 2012E
Figure 6: Global Chocolate Market Share, By Geography, 2018F
Figure 7: Global Chocolate Market Share, By Distribution Channel, 2012E
Figure 8: Global Chocolate Market Share, By Company, 2012E
Figure 9: Global Chocolate Market Share, By Company, 2018F
Figure 10: Global Chocolate Market Share, By Segments, 2012E
Figure 11: Global Chocolate Market Share, By Segments, 2018F
Figure 12: India Chocolate Market Size, By Value, 2008-2012E (USD Billion)
Figure 13: India Chocolate Market Size, By Value, 2013F-2018F (USD Billion)
Figure 16: India Chocolate Market Share, By Region, 2012E & 2018F
Figure 17: India Chocolate Market Share, By Company, 2012E & 2018F
Figure 18: India Chocolate Market Share, By Demographics, 2012E & 2018F
Figure 19: India Chocolate Market Share, By Product, 2012E & 2018F
Figure 20: India Chocolate Market Share, By Segment, 2012E & 2018F
Figure 21: India Chocolate Market, By Price, 2012E (USD)
Figure 22: India Chocolate Market, By Price, 2018F (USD)
Figure 23: India Chocolate Market Trade Dynamics, 2008-2011(USD Million)
Figure 24: India Chocolate Market Trade Dynamics, 2008-2011(USD Million)
Figure 25: Chocolate Manufacturing Process
Figure 26: India GDP, 2010-2017F (USD Trillion)
Figure 27: India GDP Growth Rate, 2010-2017F (%)
Figure 28: India GDP Per Capita, 2010-2017F (USD)
Figure 29: India GDP Per Capita Growth Rate, 2010-2016F (%)
Figure 30: India GDP Per Capita PPP, 2010-2017F (USD)
Figure 31: India GDP Per Capita PPP Growth Rate, 2010-2017F (%)
Figure 32: India GDP Composition by Sectors, 2010-2016F (%)
Figure 33: India Inflation Rate by Consumer Price Changes, 2010-2017F (%)
Figure 34: India Population, 2010-2017F (Million)
Figure 35: India Population Growth Rate, 2010-2016F (%)
Figure 36: India INR V/S USD Exchange Values, January 1, 2005-2013F
Figure 37: India Confectionery Market Size, By Value, 2009-2018F (USD Billion)
Figure 38: India Chocolate Consumption Rate, 2005-2012E (Grams)
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 5
Figure 39: Porter’s Five Forces Analysis
List of Tables
Table 1: Industry Risk Analysis
Table 2: Cocoa Production, By Area
Table 3: Major Suppliers of Cocoa Beans
Table 4: Prices of Cocoa in India, 2008-2012E, USD Million
Table 5: Major Sugar Suppliers
Table 6: Prices of Sugar in India, 2008-2012E
Table 7: Safety Standards for Chocolates
Table 8: Safety Standards for Cocoa Powder
Table 9: Chocolate Constituents (% by weight)
Table 10: Snapshot - Kraft Foods Group Inc.
Table 11: Snapshot - Nestle S.A.
Table 12: Snapshot - Hershey Foods Corporation
Table 13: Snapshot - Mars Inc.
Table 14: Snapshot - Lotus Chocolates Company Limited
Table 15: Snapshot - Gujarat Cooperative Milk Marketing Federation Limited (GCCMF)
Table 16: Snapshot – The Campco Limited
Table 17: Snapshot - Patchi SAL
Table 18: Snapshot - Parle Products Limited
Table 19: Snapshot – Cosmic Kitchen Private Limited
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 6
1. Executive Summary
With changing food consumption patterns in India, chocolates are one of the most famous
consumable items meant for indulgence, pleasure and to be consumed in all seasons. All ages
of the population enjoy having chocolates along with other competing products such as soft
drinks, snacks and beverages, etc. Chocolate consumption has increased over the years due to
the increasing per capita income of the country. India has wide range of available chocolates in
all price categories catering to the urban, semi urban and rural areas of the country.
Indian chocolate industry is one of the major segments of the Indian confectionery of the largest
food processing segment of the country. Food retail industry and confectionery are the fastest
growing sectors which will accelerate the growth of chocolates in the country. The chocolate
market in India has been segmented into XXX chocolate, XXX chocolates and XXX chocolates
comprising of XX%, XX% and XX% market share.
India chocolate industry continues to grow at a healthy rate of compound annual growth rate
(CAGR) XX% by value during the years 2008-2012. Chocolate industry is indirectly related to
the growth of the confectionery industry. With the increase in urbanization, rise in income and
consumption of the consumers, the market for chocolate seems to have bright future in the
coming years. Rising raw material costs and lack of government initiatives are the challenges,
which are hindering the growth of this industry. The country imports a large amount of
chocolates from XXX, XXXX, XXXX, XXXX, UK, XXXXX, XXXX and rising imports of chocolates
and cocoa could also act as a barrier for chocolate market.
Chocolate market is booming in India as well as across the world and has a strong potential in
the coming years. XXXX Foods is the market leader in the country followed XXX, XXX and
some smaller manufactures like XXXX and XXX chocolates. Large number of players in the
market has created high competition among the players due to the availability of substitute and
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 7
differentiated products, which make it hard for the local manufacturers to maintain their share in
the market. XXX has got the highest demand due to easy access to all distribution channels and
movement of large number of people from rural India to urban areas. Companies have started
introducing smaller packs of chocolates which is leading to the improvement of the rural
chocolate market as immense amount of potential is lying there.
The global market has been growing at a CAGR of XX% and is expected to grow at CAGR of
3.6% by 2018, whereas the XXX market is expected to grow at the CAGR XX% by 2018 and will
reach USD XX Billion. Chocolate sales are high during festive seasons because of the growing
gifting culture in the country. Bars and count chocolate segment is the fastest growing segment
followed by assorted chocolates and panned chocolates segment. It has been expected that bar
chocolate segment and assorted segment will witness highest growth by 2018 due to increased
product offering by the companies and shift in the target consumers from kids to adult’s
category.
Availability of sugar free chocolates and increased demand for functional products has made it
possible for the companies to differentiate their products from the competitors. Rising income of
consumers with growing health concerns, will witness a boom in chocolate market. Raw
materials such as cocoa, sugar and flavors needed for the manufacturing of chocolates are
available in the country, but cocoa is being imported from other countries. Indian Government
has started being supportive to the domestic food industry and made provisions to grant
agricultural products such as cocoa at concessional rate to the companies in order to reduce
imports.
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 8
1. Global Chocolate Market Overview
1.1. Market Size and Forecast
1.1.1. By Value
Chocolates are considered as an impulse purchase product, but it has been becoming
increasingly popular among the consumers globally. The major growth factors that are driving
the market are increasing gifting tradition and changes in consumer preferences. The chocolate
market is growing and also responding quickly to the unexploited market.
Figure 1: Global Chocolate Market Size, By Value, 2008-2012E (USD Billion)
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
Global chocolate market accounted for USD XX Billion in 2008 and reached USD XX Billion in
2010. The market was growing at a CAGR of XX% and reached USD XX Billion. One of the
major reasons for the growth of the chocolate market is rising income and increasing per capita
consumption for chocolates globally. Around XX% of chocolates are consumed between the
meals while XX% of chocolates are consumed during midnights and after the meals. Factors
such as increasing health benefits, increasing festive and seasonal sales are expected to drive
the chocolate market in terms of value.
20.00 20.0 20.0 20.0 20.0
2008 2009 2010 2011 2012E
CAGR XX%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 9
Figure 2:Global Chocolate Market Size, By Value, 2013F-2018F (USD Billion)
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
Lower penetration in the countries and increasing innovation in the chocolate industry is
expected to drive the chocolate market in the coming years. The chocolate market is expected
to reach USD XX Billion in 2013 and USD XX Billion by 2015. The chocolate market is expected
to reach USD XXX Billion by 2018 growing at a CAGR of XX%. Earlier consumers used to buy
most of the chocolates at festive occasions but due to changing lifestyles, consumers are
moving from sugar confectionery products to the chocolates. This is because of the decreasing
prices in the chocolate market globally. But the industry is facing certain challenges that can
hinder the growth of the chocolate industry such as rising raw material prices and VAT prices
which can act as a hindrance for the chocolate market globally. Rising consumption in urban
and semi urban areas due to growing awareness and flexible prices, the market for chocolate is
expected to witness boom in coming years.
10.0
20.0
30.0
40.0
50.0
60.0
2013F 2014F 2015F 2016F 2017F 2018F
CAGR XX%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 10
2.2 Market Share and Forecast
2.2.1. By Geography
The global market for chocolate is expected to rise and reach USD XX Billion by 2015, driven by
the factors such as popularity of sugar free categories, region specific products and exotic
flavors. Rising per capita consumption of chocolates globally will lead to ample growth
opportunities for the chocolate confectionery market.
Figure 5: Global Chocolate Market Share, By Geography, 2012E
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
Increasing number of single-person households, combined with a more individualistic consumer
outlook leads to the need for differentiated products. A greater interest in health and natural raw
materials is boosting the market for chocolates. The market for chocolate in Western Europe
accounts for XX% of the global market due to the XXXXX consumption of bread and
confectionery products. Whereas North America accounts for XX % of the market followed by
XXXX XX%, XXX XX%, XXX XXXXXX%, Middle East XX% and XXXX XX%. Out of all XXX
XXXX countries, XXXX has the largest per capita consumption of confectionery products such
as chocolates followed by XXXX
Western Europe 14%
North America 14%
Asia 14%
Latin America 14%
Eastern Europe 14%
Middle East & Africa 14%
Australia 14%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 11
Figure 6: Global Chocolate Market Share, By Geography, 2018F
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
The XXXXXX region is expected to emerge as a rapidly growing region, reaching a share of XX
% in the global market. XXXX market is behind Western Europe and is anticipated to become
one of the major developing chocolate markets across the globe. Developing regions are seeing
utmost growth potential and rising demand from these markets due to increasing population and
rising confectionery sector, will lead to rise in these markets. XXXXX and XXXX is a growing
market and due to changes in demographics and decrease in tariff will lead to increase in the
market by 2018 to XX% globally. The other markets which are expected to witness growth are
XXXXX and XXXX. Cheap Labor cost and operating cost is making these countries more
profitable in the future years. XXXX, XXXX and XXXX will have the largest market share in
global chocolate market.
Western Europe 14%
North America 14%
Asia 14%
Latin America 14%
Eastern Europe 14%
Middle East & Africa 14%
Australia 14%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 12
3. India Chocolate Market Overview
3.1. Market Size and Forecast
3.1.2. By Volume
Chocolate market is growing in volume terms at a CAGR of XX% due to rising seasonal and
festive sales. The economy of the country is growing and the manufacturers need to maintain a
balance and proportion. Companies are finding it rigid to boost the sales volume in the growing
economy due to rising cost of raw material in the country. India has the lowest per capita
consumption of chocolates when compared to Germany, UK and France i.e. XX kg and XX kg.
Figure 14: India Chocolate Market Size, By Volume, 2008-2012E (Tons)
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
The chocolate market in 2008 had low consumption rate of chocolates but with the rising young
population country is expected to witness a rise in per capita consumption of chocolates. The
volume sales as on 2008 accounted for XXXX tons. The reason for increasing volume sales is
the impact of advertisements which is activating the masses. The chocolate volume reached
XXXX tons in 2010 and XXXX tons in 2012 due to availability of different varieties of chocolates
in, malls which are demanded more by the consumers. Three types of chocolates are present in
20,000
30,000
40,000
50,000
60,000
2008 2009 2010 2011 2012E
CAGR XX%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 13
the market namely XXXX, XXXX and XXXXX, amongst which milk and dark chocolates
amounts for the high volume sales, bars and count lines being leading the market.
Figure 15: India Chocolate Market Size, By Volume, 2013F-2018F(Tons)
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
The per capita consumption for chocolates has doubled since five years because of consumers
shift from sweets to chocolates and due to price and health factors. With chocolates being
growing as a gifting option is expected to lead to a pace in the chocolate market and would give
small manufacturers an opportunity to excel in the market. It has been anticipated that the
country will have good quality produce of cocoa, which will further drive the market to reach
XXXX tonnes by 2018. Government has doubled the subsidy on replanting cocoa, which will
help the country to reduce the exports from other continents. The volume sales are expected to
reach XXXXX tons by 2013 due to growing health benefits of chocolates. Availability of sugar
free and organic chocolates will direct the chocolate market ahead.
100,000
200,000
300,000
400,000
500,000
600,000
2013F 2014F 2015F 2016F 2017F 2018F
CAGR XX%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 14
3.2. Market Share and Forecast
3.2.1. By Region
The growing awareness, rising population growth and changing lifestyle of the consumers the
chocolate market is expanding and entering into newer markets with high growth potential.
XXX’s per capita consumption has two folded in last five years and consumers have started
preferring chocolates over sweets. Chocolate consumption in rural areas is insignificant when
compared to urban areas.
Figure 16: India Chocolate Market Share, By Region, 2012E& 2018F
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
Chocolate consumption in rural areas accounts for XX% of the market where as urban market
consumer XX% of the chocolates. With the growing trend of gifting chocolates in urban areas
the demands for chocolates has risen in metro cities across XXX. About XX% of the population
living in rural areas, there is still untapped potential, which companies are trying to capture
through increased offerings. It has been anticipated that chocolates have higher average
penetration in urban market which gives an opportunity for the manufacturers to sell high end
luxury chocolates. The urban market is anticipated to decline by XX% and reach XX%, whereas
Rural , 50%
Urban, 50%
Rural , 50%
Urban, 50%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 15
rural consumption of chocolates will increase to XX% due to increased offerings of small sized
chocolates at a lower cost catering specifically for the needs of rural India.
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 16
3.2.2. By Company
The major players in the organized chocolate market are XXXX, XXX and XXX dominating the
chocolate market in India. The country also has a small unorganized market having small
producers offering low priced products. The share of unorganized sector has been declining
since few years.
Figure 17: India Chocolate Market Share, By Company, 2012E& 2018F
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
XXXX is the leader in the chocolate market with a market share of XX % in the market. The
company offers chocolates such as XXXX, XXXX, XXX and XXX having maximum sales in the
market. XXX is the second largest player in the chocolate market holding a share of 20% in the
entire market followed by XXX, i.e. XX%. Due to higher entry barriers and large capital
requirement, the entry of international firms has become difficult. It has been anticipated that by
2018, the share of XXX will reach XX% followed by XXX XX%, XXXX X%. XXXX coming up
with different offers coupled with smaller packs during festive seasons and increased promotion
of its brands at the precise time is leading to the increased share for the company. Many
Krafts 25%
Nestle 25%
Amul 25%
Others 25%
Krafts 25%
Nestle 25%
Amul 25% Others
25%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 17
international firms are trying to enter the chocolate market in India through mergers and
acquisitions, which in coming years can affect the share of the existing players in the market.
3.2.3. By Demographics
The main target audience for the chocolate market always has been children and about 55% of
the chocolates are consumed by children followed by adults 12% and young adults 33%. With
the consumption of chocolates being linked to longer life it has been anticipated that the
chocolate market will have a bright future in the coming years.
Figure 18: India Chocolate Market Share, By Demographics, 2012E& 2018F
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
With the introduction of sugar free chocolates and diet chocolates, the consumption share of
adults and young adults is expected to rise by 2018. The share of young adults is expected to
increase and reach XX% while that of adult is expected to reach XX %. This reason for change
in demographics will be due to shift in food habits and introduction of different varieties of
chocolates in the market. Increase in adulteration in sweets has also lead to movement of
consumers from traditional sweets to chocolates. Adults and young adults have now a day’s
started buying chocolates due to health consciousness and medical benefits that is from dark
chocolates. Chocolate manufacturing companies have started restructuring their business
Adults, 33%
Young Adults,
33%
Children, 33%
Adults, 33%
Young Adults,
33%
Children, 33%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 18
profiles in order to increase their product offering for all the categories. Recently Krafts launched
a new chocolate specifically for weight conscious consumers, which are expected to drive the
market for chocolate towards adults as well. There will be a fall in the share of the consumption
of chocolates in children due to tooth decaying problems witnessed due to high consumption.
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 19
3.2.4. By Product Type
The chocolate market in India is divided into three types of chocolates, i.e. XXXX chocolates,
XXXX chocolates and XXX chocolates. All three types of chocolates sound to be synonymous,
but it can be differed through determining the amount of cocoa butter and chocolate liquor
present in the mixture. Largest amount of cocoa is found in dark chocolates followed by milk
chocolate and white chocolate does contain any cocoa which makes it bitter less.
Figure 19: India Chocolate Market Share , By Product, 2012E& 2018F
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
XXXX chocolates have a market share of XX % followed by XXX chocolate XX% and XXX
chocolate XX%. Dark chocolates having XX% cocoa in it, makes it good for curing heart
diseases and with increasing health concerns among the people ,the market for XXX
chocolates is expected to rise. The per capita consumption of chocolates has almost doubled in
past many years due to increasing awareness among the consumers regarding health issues
such as blood pressure and cholesterol. It has been anticipated that by 2018, dark Chocolates
will account for XX% of the market followed by XXX chocolates which are always highly
demanded and lastly white chocolates XX%. XXX chocolates will witness low demand because
Dark Chocolate
s 34%
Milk Chocolate
s 33%
White Chocolate
s 33%
Dark Chocolat
es 33% Milk
Chocolates
33%
White Chocolat
es 33%
2012 2018
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 20
people like the taste of cocoa, which is present in XXX and XXX chocolates. But due to non-
presence of cocoa in white chocolates, the consumption of it is expected to fall in the coming
future. Chocolate manufacturing companies are advertising heavily through campaigns and
media about the nutritional perspective of chocolates in order to boost the chocolate sales in the
country.
3.2.5. By Segment
Chocolate market is categorized into four segments namely bars/molded, count chocolates,
panned chocolates and assorted chocolates. Bars and molded chocolates includes chocolates
such as Dairy Milk and Amul bars while count chocolates includes small denomination wafer
chocolates such as KitKat and 5 Star. Panned chocolates include chocolate filled gems and
éclairs and assorted chocolates include premium chocolates such as Belgium chocolates and
Hershey’s chocolates.
Figure 20: India Chocolate Market Share, By Segment, 2012E& 2018F
Source: TechSci Research
Note: These are dummy figures; please purchase our report for actual figures.
The chocolate market in India is completely fragmented with chocolates being consumed as
luxury and not as a snack food. Bars chocolates accounts for XX% share in the market followed
by count chocolates XX%, assorted chocolates accounts for XX% and lastly panned chocolates
Bars/Moulded, 25%
Count Chocolate
s, 25%
Panned Chocolate
s, 25% Assorted Chocolate
s, 25%
Bars/Moulded, 25%
Count Chocolates, 25%
Panned Chocolates, 25%
Assorted Chocolates, 25%
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 21
holding XX% share. The low pricing by the companies leads to higher sales for bars, count and
panned chocolates. It has been anticipated that the demand for molded and assorted
chocolates will rise by 2018 thereby reaching XX% and XX%. With the rising disposable income
in the country consumers have started demanding imported chocolates from XXXX and XX
which is leading to increased sales of assorted chocolates. A fall in the market for panned and
count chocolates are expected by 2018 due to rising income of consumers and preferring
assorted and bars over the others.
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 22
12. Research Methodology
With the top management of more than 20 years’ experience in developed and emerging
markets, TechSci Research methodology tender an exceptional combination of connoisseur
industry knowledge and in-country local research expertise. TechSci Research move towards
building market consensus view of size, shape, structure, environment and trends across each
category.
Our dedicated team of industry experts intensively monitored and analyzed various aspects
governing the performance of India chocolate market. The team has analyzed the constructive
outlooks of various segments and speculated a positive future of the industry ahead. Taking in
to consideration, various government initiatives, private investments, and regulatory
involvement, our team of analysts have provided a prudent analysis of the industry’s
performance in future. This would facilitate our clients in planning their investment decision and
explore several growth opportunities in this field.
For our study, we have gathered information through primary research surveys with vendors,
channel partners and customers followed by an exhaustive search of credible paid databases
such as LexisNexis, EIU, Hoovers, etc. Our team of experts have been prudently evaluated all
the collected information and personated them in chronological order to depict a meaningful and
clear picture of India chocolate market.
It is worth to mention here that while compiling the data we have also crossed checked all the
collected information from multiple sources and data warehouses so that we can present the
most accurate and precise information of the concerned industry.
In addition, we have also identified and analyzed all emerging trends including the important
drivers and challenges that the industry is confronting. Along with this, we have also identified
the possible growth areas in terms of expected sales in the country. With the coordination of
India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 23
India Chocolates Market
Forecast & Opportunities, 2018
these factors, we have presented a coherent analysis of the performance of the India chocolate
Market industry in detail.
We have also presented various forecasts for the industry. The forecasts provided are based on
our economic and judgmental analysis on the basis of analyzed drivers, challenges and
opportunities prevalent in the industry. Most importantly, while forecasting, we have given due
consideration to the R&D investments, sector demand, and developments which are essential in
determining the prospective growth potentials of the sector. Thus, our report has intended to
depict the most unbiased picture of India chocolate industry that will prove decisive to our
clients.
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India Chocolate Market Forecast and Opportunities, 2018 © TechSci Research Page 24
Why You Should Buy This Report
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To identify the on-going trends and anticipated growth in the coming years.
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