India Candy Market: Opportunities, Size and Growth Projections in Upcoming Years
Continuously increasing population, rising disposable income leading to growing consumer spending on lifestyle products along with increasing number of young working class age group in the country to drive India candy market during the forecast period. According to recently released TechSci Research report “ India Candy Market - By Type, By Organized Vs Unorganized, Competition Forecast and Opportunities, FY2016-FY2026’’, India candy market is forecast to grow at CAGR of 15.40% in value terms to reach USD 3661.68 Million by FY2026 . Increasing demand for candies has been generated from the country’s rising children and young population. Various candy manufacturing giants have introduced candies of various tastes to attract young generation consumers and have also targeted the untapped rural population. As of 2019, more than 65% of total population of India was living in rural areas. Hence, strategy adopted by the leading candy manufacturers for targe...