Consumer Goods and Retail Report Blog

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

  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, t