Growing Demand for Premium Chocolates, Increasing Per Capita Consumption and Broadening Product Variety to Boost Chocolate Market In India

1. M a r k e t . I n t e l l i g e n c e . E x p e r t s
India Chocolate Market Forecast &
Opportunities, 2019

2. I n d u s t r y B r i e f
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Over the last decade, the demand for chocolates from developing and populous nations like India and China has been
growing significantly. The chocolate consumption has witnessed growth on account of increasing per capita income levels
coupled with innovative promotional and advertising campaigns by the companies. Chocolate sales have grown over the last
few years in all segments like dark, milk and white chocolate with bulk seasonal sales during festivities boosting the overall
sales. The premium chocolate segment has become an area of focus for major chocolate manufacturers operating in the
country. Growing demand for premium chocolates from the expanding middle and upper middle class has attracted several
international brands like Hershey, Mars, Patchi, Lindt and Fererro Rocher to enter the domestic market. The premium
category chocolates also command a price premium on account of sophisticated packaging and customised taste.
According to “India Chocolate Market Forecast & Opportunities, 2019”, the revenues from Indian chocolate market are
expected to reach USD3 billion by 2019, primarily on account of anticipated demand surge in dark and premium chocolates.
The combination of strong cocoa taste and health benefits offered by dark chocolate is attracting more and more consumers.
The per capita annual consumption of chocolates in the country has increased from 40 grams in 2005 to 120 grams in 2013
which is again showing positive outlook for the industry. “India Chocolate Market Forecast & Opportunities, 2019”
report elaborates following particulars:
India Chocolate Market Size, Share & Forecast
Segmental Analysis By Type- Bars/Moulded, Panned, Count Lines and Assorted
Segmental Analysis By Type- Dark, Milk and White
Changing Market Trends & Emerging Opportunities
Competitive Landscape & Strategic Recommendations

3. Ta b l e o f C o n t e n t s
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1 Research Methodology
2 Analyst Briefing
3 Global Chocolate Market Overview
4 India Chocolate Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2 By Volume
4.2. Market Share & Forecast
4.2.1. By Company
4.2.2. By Region
4.2.3. By Demographics
4.2.4 By Type
5 Milk Chocolate Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
6 Dark Chocolate Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
7 White Chocolate Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
8 Price Point Analysis
9 Raw Material Analysis
10 Market Dynamics
10.1 Drivers
10.2 Challenges

4. Ta b l e o f C o n t e n t s
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11 Market Trends and Developments
11.1. Emergence Of Overseas Players
11.2. Cocoa Beans Imports
11.3. Rural Segment Scenario
11.4. Confectionery Market Growth
11.5. Promotional and Advertisement Campaigns
12 Policy and Regulatory Landscape
13 India Economic Profile
14 Competitive Landscape
14.1. Competition Matrix
14.2. Company Profiles
14.2.1 Cadbury India Limited
14.2.2 Nestle India Limited
14.2.3 Gujrat Cooperative Milk Marketing Federation
14.2.4 CAMPCO
14.2.5 Hershey India Private Limited
14.2.6 Mars Inc.
14.2.7 Lotus Chocolate Co. Limited
14.2.8 Ferrero S.p.A.
14.2.9 Patchi SAL
15 Strategic Recommendations

5. L i s t o f F i g u r e s
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•Figure 1 Global Chocolate Market Size, By Value, 2009-2013E (USD Billion)
•Figure 2 Global Chocolate Market Size, By Value, 2014F-2019F (USD Billion)
•Figure 3 Global Chocolate Market, By Value, By Region, 2012
•Figure 4 India Chocolate Market Size, By Value, 2009-2013E (USD Million)
•Figure 5 India Chocolate Market Size, By Value, 2014E-2019F (USD Billion)
•Figure 6 India Chocolate Market, By Volume, 2009-2013E (Million Kg)
•Figure 7 India Chocolate Market, By Volume, 2014F-2019F (Million Kg)
•Figure 8 India Chocolate Market Share, By Value, By Company, 2012
•Figure 9 India Chocolate Market, By Revenue, By Company, 2010-2012 (USD Million)
•Figure 10 India Chocolate Market Share, By Value, By Company, 2019F
•Figure 11 India Chocolate Market Share, By Region, By Value, 2013E & 2018F
•Figure 12 India Chocolate Market Share, By Value, By Age Group, 2013E
•Figure 13 India Chocolate Market Share, By Value, By Age Group, 2019F
•Figure 14 India Chocolate Market, By Type, By Value, 2013E
•Figure 15 India Chocolate Market, By Type, By Value, 2019F
•Figure 16 India Milk Chocolate Market, By Value, 2009-2013E (USD Million)
•Figure 17 India Milk Chocolate Market, By Value, 2014F-2019F (USD Million)
•Figure 18 India Milk Chocolate Market, By Volume, 2009-2013E (Million Kg)
•Figure 19 India Milk Chocolate Market, By Volume, 2014F-2019F (Million Kg)
•Figure 20 India Dark Chocolate Market, By Value, 2009-2013E (USD Million)
•Figure 21 India Dark Chocolate Market, By Value, 2014F-2019F (USD Million)
•Figure 22 India Dark Chocolate Market, By Volume, 2009-2013E (Million Kg)

6. L i s t o f F i g u r e s C o n t d .
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•Figure 23 India Dark Chocolate Market, By Volume, 2014F-2019F (Million Kg)
•Figure 24 India White Chocolate Market, By Value, 2009-2013E (USD Million)
•Figure 25 India White Chocolate Market, By Value, 2014F-2019F (USD Million)
•Figure 26 India White Chocolate Market, By Volume, 2009-2013E (Million Kg)
•Figure 27 India White Chocolate Market, By Volume, 2014F-2019F (Million Kg)
•Figure 28 India Chocolate Market Share, By Price, By Value, 2012
•Figure 29 India Chocolate Market Share, By Price, By Value, 2019F
•Figure 30 Cocoa Exports from India, By Country, By Value, 2012 (USD Million)
•Figure 31 Share of Chocolate in Cocoa Products Exports to Different Geographies, By Value, 2012
•Figure 32 India Chocolate Market, Cocoa Imports, By Value, 2006-2012 (USD Million)
•Figure 33 India Chocolate Market Share, Rural vs. Urban, By Value, 2013E
•Figure 34 Sugar Confectionary Items, Import- Export, By Value, 2011-12 (USD Million)
•Figure 35 BCG Matrix Analysis Of Cadbury Chocolates
•Figure 36 Cadbury’s Presence in India, 2012
•Figure 37 Nestle India Limited, Revenue Share, By Segment, By Value, 2012
•Figure 38 Nestlé's Presence in India, 2012
•Figure 39 Campco’s Presence in India, 2012
•Figure 40 Net Sales, Lotus Chocolate Co. Ltd., By Value, 2010-2013 (USD Million)

7. L i s t o f Ta b l e s
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•Table 1 Energy Specifications Per Chocolate, By Type, 2012
•Table 2 Major Brands, Milk Chocolate Market, 2013
•Table 3 Major Brands, Dark Chocolate Market, 2013
•Table 4 Major Brands, White Chocolate Market, 2013
•Table 5 India Chocolate Market, By Company, By Price, By Pack Size, 2012
•Table 6 India Sugar Prices, 2009-2012, (USD Per 100 Kg)
•Table 7 Cocoa International Prices, 2009-2012 (USD per metric ton)
•Table 8 India Milk Prices, 2009-2012, INR per Liter
•Table 9 India Chocolate Market, Foreign Player Entry Year
•Table 10 List of Top Ten Global Manufacturers of Chocolates, By Company, By Revenue, By Country, 2012-13 (USD Million)
•Table 11 List of Countries, By Cocoa Imports, By Volume, By Value, 2012
•Table 12 Import Duty on Raw Materials, India Chocolate Market, By Value, 2013
•Table 13 India Chocolate Market, Low Price Variant Products, By Company, 2012
•Table 14 India Chocolate Market, Major Certification, By Company, 2013
•Table 15 Cadbury Market Share, By Segment, 2012

8. R e s e a r c h M e t h o d o l o g y
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Baseline Methodology :
For the study, TechSci Research gathered information through primary research surveys with 10 respondents from
experts in chocolate industry by counter validating the information by company annual reports and secondary
sources. We also put through exhaustive search of credible paid databases such Factiva, Hoovers, etc. including our
internal database. Our team of analysts has then prudently evaluated all the collected information and personated
them in chronological order to depict a meaningful and clear picture of India’s chocolate market.
While compiling the data we have also crossed checked all the collected information from multiple sources and data
warehouses, so that we can present the most accurate and precise information of the concerned industry.
Challenges Encountered :
Team encountered major challenges in extracting segmental information from India, as the data availability was
limited to only few of the high level executives. In addition, team also encountered a challenges in extracting the
revenues of major players of the company in chocolate segment.
Companies Interviewed
Top six companies interviewed: Nestle India Limited, Cadbury India Limited, Mars
Incorporated, Campco and Hershey India Pvt limited
Sources
Economic Intelligence Unit(EIU), Hoovers, Company Annual Reports, Factiva, One
Source, Jigsaw, India Brand Equity Foundation (IBEF), India Info line (IIFL), India
Business View, published news and articles.
© TechSci Research

9. S a m p l e D a t a - S n a p s h o t
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© TechSci Research
Figure 1 : Global Chocolate Market Size, By Value, 2009-2013E
(USD Billion)
10.00
20.00
30.00
40.00
50.00
2009 2010 2011 2012 2013E
Figure 3: Global Chocolate Market, By
Value, By Region, 2012
Europe
20%
EMEA
20%
Asia
Pacific
20%
Americ
as
20%
Others
20%
Figure 4: India Chocolate Market Size, By Value, 2009-2013E
(USD Million)
100.0
200.0
300.0
400.0
500.0
2009 2010 2011 2012 2013E
Figure 8: India Chocolate Market Share, By Value,
By Company, 2012
25%
25%
25%
25%
Cadbury
Nestle
Figure 11: India Chocolate Market Share, By
Region, By Value, 2013E & 2018F
West
2012 2019F
-------------
X% X%
South
2012 2019F
-------------
X% X%
North
2012 2019F
--------------
X% X%
East
2012 2019F
-------------
X% X%
Figure 13: India Chocolate Market, By Type,
By Value, 2019F
25%
25%
25%
25%
Bars/Mould
ed
Count lines
Panned
Assorted
Figure 14: India Milk Chocolate Market, By Value, 2009-2013E (USD Million)
100.00
200.00
300.00
400.00
500.00
2009 2010 2011 2012 2013E

10. R e p o r t P r i c i n g
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Report Name: India Chocolate Market Forecast and Opportunities, 2019
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11. A b o u t U s & D i s c l a i m e r
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