India - Confectionery

Market Overview

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Market Overview

Market Overview
Market definition
The confectionery market consists of the retail sale of Chocolate, Gum and Sugar Confectionery products.
The market is valued according to retail selling price (RSP) and includes any applicable taxes. Any
currency conversions used in the creation of this report have been calculated using constant 2015 annual
average exchange rates

For the purposes of this report, North America consists of Canada, Mexico, and the United States.
South America comprises Argentina, Brazil, Chile, Colombia, Peru, and Venezuela.
Europe comprises Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Finland, France, Germany,
Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Spain,
Sweden, Turkey, Ukraine, and the United Kingdom.
Scandinavia comprises Denmark, Finland, Norway, and Sweden.
Asia-Pacific comprises Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand,
Philippines, Singapore, South Korea, and Thailand.
Middle East comprises Egypt, Israel, Saudi Arabia, and United Arab Emirates.
Global comprises North America, South America, Europe, Asia-Pacific, Middle East, and South Africa.

Market analysis
The Indian confectionary market has been enjoying a period of robust, double digit growth. This trend is
expected to continue through to the end of the forecast period in 2020.
Indias economic prosperity is boosting the growth of the confectionary consumption, as consumers feel
more secure and inclined to purchase indulgence products. This is an economic trend seen in the BRIC
countries.
The Indian confectionery market generated total revenues of $3,011.6m in 2015, representing a compound
annual growth rate (CAGR) of 17.3% between 2011 and 2015. In comparison, the South Korean and
Chinese markets grew with CAGRs of 3.3% and 7.0% respectively, over the same period, to reach
respective values of $1,176.3m and $15,437.3m in 2015.
Whilst much smaller than the other two big drivers of growth in Asia-Pacific, Japan and China, India
manufactures a big share of the raw sugar that is consumed by the industry and this may be advantageous
for Indian produced confectionery in the export markets in coming years.
Market consumption volume increased with a CAGR of 12.7% between 2011 and 2015, to reach a total of
455.9 million kilograms in 2015. The market's volume is expected to rise to 749.3 million kilograms by the
end of 2020, representing a CAGR of 10.4% for the 2015-2020 period.
The chocolate segment was the markets most lucrative in 2015, with total revenues of $1,554.6m,
equivalent to 51.69% of the market's overall value. The sugar confectionery segment contributed revenues
of $942.5m in 2015, equating to 31.3% of the market's overall value.
Chocolate dominates this particular market and is expected to continue to be the main area of growth.
The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 17.4% for
the five-year period 2015 - 2020, which is expected to drive the market to a value of $6,706.9m by the end

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of 2020. Comparatively, the South Korean and Chinese markets will grow with CAGRs of 4.2% and 6.8%
respectively, over the same period, to reach respective values of $1,442.4m and $21,498.3m in 2020.

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