India Confectionery Market Research Report 2022:
The latest report by IMARC Group, titled “India Confectionery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the India confectionery market size. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India confectionery market is expected to exhibit a CAGR of 6.70% during 2022-2027. Confectionery refers to various food products that are rich in sugar and other sweeteners. They are designed using several ingredients, such as emulsifiers, gelling, flavoring, stabilizers, and thickening agents, which assist in enhancing the taste, appearance, texture, and elasticity of products. Confectionery items commonly include gum, ice cream, frozen desserts, chocolates and non-chocolate candies, sweet baked goods, caramels and toffees, fine bakery wares, etc. These products are extensively available across supermarkets, retail shops, bakery stores, online platforms, hypermarkets, convenience stores, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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India Confectionery Market Trends:
The emerging trend of gifting bakery products, especially during festivals or special events, such as anniversaries, birthdays, social meetings, etc., is primarily driving the India confectionery market. Besides this, the rising levels of urbanization, improving consumer living standards, and the growing popularity of imported chocolates and candies are further augmenting the market growth. Moreover, the development of sugar-free confectioneries, on account of the escalating health concerns towards cardiovascular diseases, obesity, diabetes, etc., is also catalyzing the market across India. Apart from this, the introduction of limited-edition, clean-label, cruelty-free, vegan, organic, and sustainably sourced products with no chemical additives and reduced allergens is acting as another significant growth-inducing factor. Furthermore, the elevating advancements in ambient storage conditions and the launch of anti-microbial packaging solutions are anticipated to propel the India confectionery market over the forecasted period.
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Key Market Segmentation:
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Region:
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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