India Real Chocolate Market to Grow at 19% through 2023

Rising demand for dark chocolate from bakery and confectionery industry and HoReCa sector along with rising trend of premiumization of chocolate to drive India real chocolate market through 2023

As per a recent ‘Voice of Customer’ published by TechSci Research, purity and purpose of usage have been identified as the most influencing factors while purchasing a real chocolate. Increasing usage of dark chocolate as an ingredient, rising demand from bakery and confectionery industry and HoReCa sector along with rising trend of premiumization of chocolates and value-added chocolate products is expected to drive India real chocolate market during forecast period. The local production of cocoa and the domestic production of cocoa products has seen a healthy growth in India. According to Directorate of Cashewnut and Cocoa Development (DCCD), since 2012-13, the production of cocoa in India has grew with a CAGR of 9% approximately, with a production of 18,920 tonnes during 2016-17. Moreover, the prices of Cocoa in India have witnessed a decline, prompting domestic as well as international manufacturers to locally source cocoa.





According to a TechSci Research report, “India Real Chocolate Market By Type, By End User, Competition, Forecast and Opportunities, 2013 – 2023”, India real chocolate market is projected to register a CAGR of over 19%, during 2018 - 2023. Real chocolate are chocolates which use cocoa butter as an ingredient rather than vegetable fat. The growth of the market is led by rising demand for real chocolate from bakeries and HoReCa sector, which are using real chocolate in their value added chocolate products. Moreover, demand for real chocolates is also increasing from FMCG companies such as Parle, Britannia, Unibic, etc., which are incorporating real chocolate in their premium baked products such as cookies, cakes, biscuit sandwiches, etc. Additionally, increasing presence of artisanal chocolatiers due to growing trend of premiumization of chocolates is further contributing to the growth of real chocolate market in India. 

Browse 36 market data Figures and 4 Tables spread through 80 Pages and an in-depth TOC on "India Real Chocolate Market"
https://www.techsciresearch.com/report/india-real-chocolate-market/3748.html

Morde Foods Private Limited, DP Cocoa Products LLP, Barry Callebaut India Private Limited, Aalst Chocolate Pte Ltd, Jindal Cocoa LLP, and Puratos Food Ingredients India Pvt Ltd are some of the leading players in India real chocolate market. Among regions, South region dominated the market with more than one-third of the volume share in 2017. The region is anticipated to maintain its dominance during forecast period as well. However, North India is likely to witness the fastest growth during forecast period owing to increasing per capita in the region. On the basis of type, India real chocolate market can be broadly categorized into milk, white and dark chocolate. Of all, dark chocolate accounts for the largest share in the market due to changing consumer preferences.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3748

Customers can also request for 10% free customization on this report.

“Major demand for real chocolate in India is majorly generated by end users who are offering premium chocolate products. Real chocolate is two times more expensive than compound chocolate, which is a most commonly used type of chocolate. However, rising awareness about the difference between compound chocolate and real chocolate is expected to drive demand for real chocolate among the end use sectors. Moreover, growing trend of premiumization in the food services sector is further likely to promote demand for real chocolate in India over the course of next five years. Additionally, increasing focus of chocolate manufacturers on local production and sourcing of cocoa would further steer growth in India real chocolate market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Real Chocolate Market By Type, By End User, Competition, Forecast and Opportunities, 2013 – 2023” has evaluated the future growth potential of India real chocolate market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the India real chocolate market. 

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656

Email: sales@techsciresearch.com 

Comments

Post a Comment

Popular posts from this blog

India Exfoliators & Scrub Market 2016-2026: Regional Analysis and Forecast | TechSci Research

Image
India exfoliators & scrub market is projected to witness significant growth by 2026, owing to the growing awareness towards getting proper & healthy skin among both men and women population of the country. Concerns like skin pigmentation, acne marks, discoloration and age spots are further supporting the demand for exfoliators and scrubs.  Moreover, the rising per capita income of the country is enabling consumers to spend on products like exfoliators and scrubs. The entry of leading international brands and launch of new products is expected to drive the India exfoliators and scrub market during the forecast period. Exfoliators and scrubs help in removing the dead skin cell present on the skin’s outermost surface. They consist of fine diatoms which protect the skin’s surface. The market is also witnessing high demand for herbal exfoliators and scrubs as consumers are now getting more aware about the harmful effects of chemical-based products on their skin. Further, rising dema
Read more

Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market: Opportunities, Size and Growth Projections in Upcoming Years

Image
  Increasing HVAC installations, growing infrastructure and increasing tourism sector are propelling the growth of Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market. According to TechSci Research report,  “Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market - Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2018- 2028F, ”  the Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market is expected to grow during the forecast period owing to the factors such as rising infrastructural activities, various events organized by government, and rising demand from the commercial sector. As well as promoting sustainable and energy-efficient systems, initiatives and activities are required to influence people's attitudes toward minimizing food loss and waste (FLW) through the use of HVAC systems. The Saudi Arabian refrigeration sector is expanding rapidly as there is an increasing need to prevent food waste. The need for HVAC
Read more

India Electric Rice Cooker Market 2018-2028: Emerging Opportunities | TechSci Research

Image
Increase in working professionals and the creation of new products will fuel the electric rice cooker market through the forecast period. According to TechSci Research report, “ India Electric Rice Cooker Market   – By Region Competition Forecast and Opportunities , 2018-2028F”  India's electric rice cooker market is forecasted to grow at an impressive CAGR during the forecast period because of reduced household spending and transition to electrical appliances. Growing acceptance of corporate work cultures, rising living standards, and an increase in the number of nuclear families all contribute to the market's expansion. I In addition to that, due to the availability of multifunction cooking appliances with smart functions, which is fueling the demand for electric rice cookers, the market for these appliances is anticipated to grow steadily during the anticipated period. The Go Electric campaign was started by the Indian government in February 2021 to raise public knowledge of
Read more