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The confectionery store market share in India is expected to increase by USD 4.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.59%.
This confectionery store market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers confectionery store market in India segmentation by distribution channel (offline and online) and age-group (children, adult, and geriatric). The confectionery store market in India report also offers information on several market vendors, including Avenue E Commerce Ltd., Burgundy Hospitality Pvt. Ltd., Candico India Litd, Chitale Bandhu Mithaiwale, Godrej and Boyce Manufacturing Co. Ltd., Haldiram Foods International Pvt. Ltd, Karachi Bakery, Lotte Confectionery Co. Ltd., Parle Products Pvt. Ltd., and Perfetti Van Melle Group BV among others.
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The rising demand for organic, functional, vegan, and gluten-free confectioneries is notably driving the confectionery store market growth in India, although factors such as fluctuating prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the confectionery store industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Confectionery Store Market Driver in India
The rising demand for organic, functional, vegan, and gluten-free confectioneries is one of the key drivers supporting the store market growth in India. The growing health consciousness has increased the demand for healthier, organic diets. As a result, the demand for vegan and gluten-free confectioneries is increasing rapidly across India. The confectionery sector is expanding in India due to the growing demand for sugar-free chocolates and confectioneries. This can be ascribed to a growing customer preference for low-calorie items due to the rise in many lifestyle disorders. Furthermore, the expansion of the market in focus has been fueled by a rising image of confectionery items as accessible luxury and a rise in consumer spending power. Other factors helping market expansion include increased urbanization and a burgeoning retail industry. Hence, the market in focus is expected to grow during the forecast period.
Key Confectionery Store Market Trend in India
Premium and healthy chocolates are becoming increasingly popular, which will also contribute to the growth of the confectionery store market in India. People in India prefer to indulge themselves with bite-sized chocolates to control their confectionery intake; As a result, the premium chocolate business is highly popular. It fits with the country's 'clean eating' trend. Consumers are choosing premium chocolates to enjoy a guilt-free experience. Premium chocolate brands like Ferrero are being stocked in supermarkets and hypermarkets like D-Mart and Reliance Mart in an attempt to acquire market momentum. It has well-balanced elements that are beneficial to one's health and minimize the risk of high blood pressure and cholesterol. Such health benefits will positively impact the market growth during the forecast period.
Key Confectionery Store Market Challenge in India
Fluctuating prices of raw materials is one of the factors hindering the store market growth in India. Raw materials for manufacturing chocolate confectioneries are cocoa, milk, and sugar. Sharp fluctuations in raw material prices hamper the production volume of the major market players and adversely affect their profit margins. Cocoa prices depend on the production volume of cocoa beans. The cultivation of these beans depends on various environmental factors, such as epidemics and socio-economic factors, such as civil and political unrest. Ivory Coast, Ghana, Indonesia, Nigeria, Cameroon, and Brazil are the major producers of cocoa in the world. This is a challenging factor for the market in focus, which will negatively impact the market growth during the forecast period.
This confectionery store market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the store market in India as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the confectionery store market in India during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the confectionery store market in India encompasses successful business strategies deployed by the key vendors. The confectionery store market in India is fragmented and the vendors are deploying growth strategies such as quality, taste, innovation, and packaging of confectionery products to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The confectionery store market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the confectionery store market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the packaged foods and meats market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The confectionery store market share growth in India by the offline segment will be significant during the forecast period. Rapid urbanization and the consequent changes in lifestyles, with consumers looking for more on-the-go products and shorter queuing times at shop counters, are increasing the preference for convenience stores in India. Thus, the overall sales of health and nutrition confectionery products such as gluten-free food products are increasing at a high rate in convenience stores. Independent retailers are private owners that have built their retail stores by assessing businesses' needs, including staffing, marketing, merchandising, and sales. Therefore, with the increasing number of independent retailers worldwide, sales of confectionery products through offline channels are expected to increase during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the confectionery store market size in India and actionable market insights on post COVID-19 impact on each segment.
Confectionery market - The market share is expected to increase by USD 61.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.75%.
Sugar-free Confectionery market - The market size is expected to grow by USD 3.56 bn and record a CAGR of 3% during 2020-2024.
Confectionery Store Market Scope in India |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.59% |
Market growth 2022-2026 |
$ 4.32 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.54 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Avenue E Commerce Ltd., Burgundy Hospitality Pvt. Ltd., Candico India Litd, Chitale Bandhu Mithaiwale, Godrej and Boyce Manufacturing Co. Ltd., Haldiram Foods International Pvt. Ltd, Karachi Bakery, Lotte Confectionery Co. Ltd., Parle Products Pvt. Ltd., and Perfetti Van Melle Group BV |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key finding 2
*Exhibit 03: Key finding 5
*Exhibit 04: Key finding 6
*Exhibit 05: Key finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value Chain Analysis: Packaged foods and meats
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Primary processing
*2.2.4 Secondary and tertiary processing
*2.2.5 Outbound logistics
*2.2.6 End-customers
*2.2.7 Marketing and sales
*2.2.8 Services
*2.2.9 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Distribution channel
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 20: Distribution channel - Market share 2021-2026 (%)
**5.2 Comparison by Distribution channel
*Exhibit 21: Comparison by Distribution channel
**5.3 Offline - Market size and forecast 2021-2026
*Exhibit 22: Offline - Market size and forecast 2021-2026 ($ million)
*5.3.1 Impact of COVID-19 pandemic on offline distribution channels
*Exhibit 23: Offline - Year-over-year growth 2021-2026 (%)
**5.4 Online - Market size and forecast 2021-2026
*Exhibit 24: Online - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Online - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Distribution channel
*Exhibit 26: Market opportunity by Distribution channel
***6. Market Segmentation by Age group
**6.1 Market segments
*The segments covered in this chapter are:
*Exhibit 27: Age group - Market share 2021-2026 (%)
**6.2 Comparison by Age group
*Exhibit 28: Comparison by Age group
**6.3 Children - Market size and forecast 2021-2026
*Exhibit 29: Children - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Children - Year-over-year growth 2021-2026 (%)
**6.4 Adult - Market size and forecast 2021-2026
*Exhibit 31: Adult - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Adult - Year-over-year growth 2021-2026 (%)
**6.5 Geriatric - Market size and forecast 2021-2026
*Exhibit 33: Geriatric - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Geriatric - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by Age group
*Exhibit 35: Market opportunity by Age group
***7. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 36: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising demand for organic, functional, vegan, and gluten-free confectioneries
*8.1.2 Rise in young population as key customers
*8.1.3 Premiumization in chocolate confectionery
**8.2 Market challenges
*8.2.1 Fluctuating prices of raw materials
*8.2.2 Increasing competition from new snacking options
*8.2.3 Increase in health concern like diabetes and obesity
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Premium and healthy chocolates are becoming increasingly popular.
*8.3.2 Increasing prevalence of Sugar-Free Confections
*8.3.3 Busy lifestyle
***9. Vendor Landscape
**9.1 Overview
*Exhibit 38: Vendor landscape
**9.2 Landscape disruption
*Exhibit 39: Landscape disruption
*Exhibit 40: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: Market positioning of vendors
**10.3 Avenue E Commerce Ltd.
*Exhibit 43: Avenue E Commerce Ltd. - Overview
*Exhibit 44: Avenue E Commerce Ltd. - Product and service
*Exhibit 45: Avenue E Commerce Ltd. - Key offerings
**10.4 Burgundy Hospitality Pvt. Ltd.
*Exhibit 46: Burgundy Hospitality Pvt. Ltd. - Overview
*Exhibit 47: Burgundy Hospitality Pvt. Ltd. - Product and service
*Exhibit 48: Burgundy Hospitality Pvt. Ltd. - Key offerings
**10.5 Candico India Litd
*Exhibit 49: Candico India Litd - Overview
*Exhibit 50: Candico India Litd - Product and service
*Exhibit 51: Candico India Litd - Key offerings
**10.6 Chitale Bandhu Mithaiwale
*Exhibit 52: Chitale Bandhu Mithaiwale - Overview
*Exhibit 53: Chitale Bandhu Mithaiwale - Product and service
*Exhibit 54: Chitale Bandhu Mithaiwale - Key offerings
**10.7 Godrej and Boyce Manufacturing Co. Ltd.
*Exhibit 55: Godrej and Boyce Manufacturing Co. Ltd. - Overview
*Exhibit 56: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
*Exhibit 57: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
*Exhibit 58: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
**10.8 Haldiram Foods International Pvt. Ltd
*Exhibit 59: Haldiram Foods International Pvt. Ltd - Overview
*Exhibit 60: Haldiram Foods International Pvt. Ltd - Product and service
*Exhibit 61: Haldiram Foods International Pvt. Ltd - Key offerings
**10.9 Karachi Bakery
*Exhibit 62: Karachi Bakery - Overview
*Exhibit 63: Karachi Bakery - Product and service
*Exhibit 64: Karachi Bakery - Key offerings
**10.10 Lotte Confectionery Co. Ltd.
*Exhibit 65: Lotte Confectionery Co. Ltd. - Overview
*Exhibit 66: Lotte Confectionery Co. Ltd. - Business segments
*Exhibit 67: Lotte Confectionery Co. Ltd. - Key offerings
*Exhibit 68: Lotte Confectionery Co. Ltd. - Segment focus
**10.11 Parle Products Pvt. Ltd.
*Exhibit 69: Parle Products Pvt. Ltd. - Overview
*Exhibit 70: Parle Products Pvt. Ltd. - Product and service
*Exhibit 71: Parle Products Pvt. Ltd. - Key offerings
**10.12 Perfetti Van Melle Group BV
*Exhibit 72: Perfetti Van Melle Group BV - Overview
*Exhibit 73: Perfetti Van Melle Group BV - Business segments
*Exhibit 74: Perfetti Van Melle Group BV - Key offerings
*Exhibit 75: Perfetti Van Melle Group BV - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 76: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 77: Research Methodology
*Exhibit 78: Validation techniques employed for market sizing
*Exhibit 79: Information sources
**11.4 List of abbreviations
*Exhibit 80: List of abbreviations
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