The Confectionery Store Market in India is being driven by Rising demand for organic, functional, vegan, and gluten-free confectioneries
The Confectionery Store Market in India is expected to grow at a CAGR of 13.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4137.7 million. The Indian confectionery store market is witnessing a notable trend towards premium and health-conscious chocolates. Consumers are increasingly seeking out chocolates with reduced sugar content and the inclusion of functional ingredients such as superfoods and natural sweeteners. Urban demographics are particularly attracted to innovative chocolate offerings, which not only cater to their taste preferences but also align with their health goals. Unique flavors and formats have expanded the market, capturing a broader audience. Furthermore, the emergence of e-commerce platforms has facilitated access to a wider range of premium chocolate brands, enabling consumers to explore healthier options with ease and convenience.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Offline, Online) Crop Type (Adult, Children, Geriatric) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Confectionery Store Market in India Research Report
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The Indian confectionery market encompasses a wide range of food and beverage items, including gifting products like chocolates, chewing gum, sweets, toffee, marshmallow, cookies, ice cream, and more. With shifting dietary habits, there is a growing demand for natural ingredients, sugar-free products, and healthier options such as sugar-free chocolates, vegan, organic, and artisanal confectionery. Retailers like Casino Supermarkets, convenience stores, and online retailing platforms are capitalizing on this trend through advertising campaigns and social media marketing, offering a diverse range of indulgent snacking choices, convenience, and healthier options. Lifestyle changes and the increasing popularity of premium products, including organic chocolates, are also driving market growth.
The Indian confectionery market encompasses businesses engaged in the production and packaging of a range of sweet goods, including chocolates, sweets, toffees, chewing gums, and sugar-free products. According to market research firm Technavio, the size of the global packaged food market, which includes confectionery, is determined by the consolidated revenue of market participants. This market excludes equipment manufacturers and producers of alcoholic and non-alcoholic beverages. Key growth drivers for the confectionery sector in India include the rising trend of gifting packaged sweets, increasing demand for dietary-specific and natural ingredient-based products, and the growing preference for sugar-free alternatives. Consumers are increasingly seeking minimally processed, healthier options, with confectionery items offering nutritional benefits, such as potassium, dietary fiber, folate, vitamin A, and vitamin C, gaining popularity.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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