India Chocolate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

India Chocolate Market is segmented by Type into Dark Chocolate, Milk and White Chocolate; by Product into Softlines/Selflines, Boxed Assortments, Countlines, Seasonal Chocolates, Molded Chocolates and Other Product Types; by Distribution Channel such as Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel and Other Distribution Channels.

Market Snapshot

Study Period: 2016 - 2026
Base Year: 2020
CAGR: 12.8 %
Fastest Growing Segment: Dark Chocolate

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Market Overview

India Chocolate Market is growing, witnessing a CAGR 12.8% over the forecast period.

  • The India Chocolate Market is growing appetite for premium chocolate and the availability of dark chocolate brands such as Lindt, Hershey, Toblerone among others has led to the increased market penetration for dark chocolates. Also, the low sugar content in the dark chocolates is another reason for propelling the demand of dark chocolates, as consumers have become aware of high sugar intake and its link with chronic  diseases like diabetes.
  • The consumers in India have been shifting their preference towards chocolate products over traditional sweets. The rising disposable income of the middle-class population in the country has affected the market space for the overall chocolate consumption.


Scope of the Report

India Chocolate Market is segmented by type into Dark Chocolate, Milk and White Chocolate. The market is segmented by product into Softlines/Selflines, Boxed Assortments, Countlines, Seasonal Chocolates, Molded Chocolates and Other Product Types. The market is segmented by distribution channel such as Supermarkets/ Hypermarkets, Specialist Retailers, Convenience Stores, Online Channel and Other Distribution Channels.

By Type
Dark Chocolate
Milk and White Chocolate
By Product
Boxed Assortments
Seasonal Chocolates
Molded Chocolates
Other Product Types
By Distribution Channel
Specialist Retailers
Convenience Stores
Online Retail Stores
Other Distribution Channels

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Key Market Trends

Dark Chocolate Holds A Major Share

The pervasive health and wellness trend continues to influence the dark chocolate market, with manufacturers incorporating organic ingredients and natural sweeteners. In the recent past, the demand for dried fruits, as well as blueberries and cranberries has witnessed steady growth in the manufacture of dark chocolate. The consumers are concerned about the impact of their food intake on their health and wellness. The health benefits associated with dark chocolate are high, owing to the high percentage of cocoa present in it. Thus, the high-quality premium dark chocolates are consumed comparatively more. Moreover, consumers are ready to pay for premium and high-quality products, thus the penetration is growing, as the consumers are more inclined toward the brand and quality of the chocolate.


Increasing Consumption of Cocoa Powder

The segment accounts for a considerable share in the chocolate sales, with dark chocolates, boxed chocolates, molded chocolate becoming a popular choice among the consumers. Owing to a huge retail space catering to a wide variety of preferences, the supermarkets/hypermarkets are dominant channels for the sales of chocolate in the country. Factors, such as business expansion and rising number of hypermarkets and supermarkets, add to the sales of these retail formats and significantly contribute to the higher penetration of premium chocolate. Shopping at the hypermarkets/supermarkets is also perceived useful, due to the wide selection of brands on offer, considerable shelf-space, and frequent price promotions. 




Competitive Landscape

The market studied is highly fragmented, and consists of regional and international competitors. It is dominated by players, like Mars, Incorporated, The Hershey Company, Nestlé SA, Ferrero SpA, Mondelez International Inc etc.

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study



    1. 3.1 Market Overview


    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Dark Chocolate

      2. 5.1.2 Milk and White Chocolate

    2. 5.2 By Product

      1. 5.2.1 Softlines/Selflines

      2. 5.2.2 Boxed Assortments

      3. 5.2.3 Countlines

      4. 5.2.4 Seasonal Chocolates

      5. 5.2.5 Molded Chocolates

      6. 5.2.6 Other Product Types

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Specialist Retailers

      3. 5.3.3 Convenience Stores

      4. 5.3.4 Online Retail Stores

      5. 5.3.5 Other Distribution Channels


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Mondelez International, Inc

      2. 6.4.2 Mars Incorporated

      3. 6.4.3 Nestle S.A.

      4. 6.4.4 Ferrero SpA

      5. 6.4.5 The Hershey Company

      6. 6.4.6 Lindt & Springli Ag

      7. 6.4.7 The Campo Ltd.

      8. 6.4.8 Buttercup Confectionery Limited

    5. *List Not Exhaustive

**Subject to Availability

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Frequently Asked Questions

The India Chocolate Market market is studied from 2016 - 2026.

The India Chocolate Market is growing at a CAGR of 12.8% over the next 5 years.

The India Chocolate Market is valued at Dark Chocolate in 2026.

Mondelez International Inc., Mars Inc., Ferrero, Nestle SA, Hershey Co. are the major companies operating in India Chocolate Market.

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