india candy market forecast 2021 - brochure

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

India Candy Market By Type (Sugar Candy, Chocolate Candy & Gum Candy), By Organized

Vs Unorganized, Competit ion Forecast & Opportunities , 2011 -2021

T a b l e O f C o n t e n t s

© TechSci Research

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S. No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Global Candy Market Overview

5. India Candy Market Outlook

5.1. India Candy Production

5.2. Market Size & Forecast

5.2.1. By Value & Volume

5.3. Market Share & Forecast

5.3.1. By Type (Sugar Candy, Chocolate Candy and Gum Candy)

5.3.2. By Organized Vs. Unorganized

5.3.3. By Region

5.3.4. By Company

5.4. Market Attractiveness Index (By Type and Region)

6. India Sugar Candy Market Outlook




6.2.1. By Product Type (Hard Boiled, Center Filled, Panned, Lozenges, Lollipops and Jellies)

6.2.2. By Region

6.2.3. By Packaging Size

6.3. Pricing Analysis


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S. No. Contents

7. India Chocolate Candy Market Outlook




7.2.1. By Product Type (Plain, Center Filled, Panned and Lollipops)

7.2.2. By Region



8. India Gum Candy Market Outlook




8.2.1. By Product Type (Plain, Center Filled, Lollipops)

8.2.2. By Region



9. Supply Chain Analysis

10. Import Export Analysis

11. Market Dynamics

11.1. Drivers

11.2. Challenges


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S. No. Contents

12. Market Trends & Developments

12.1. Rising Demand for Premium Candies

12.2. Expanding Working Class Population Base

12.3. Growing Penetration of Foreign Players

12.4. Aggressive Marketing and Promotional Strategies

12.5. Innovative Offerings to Target Customers

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Competitive Landscape

15.1. Competition Matrix

15.2. Company Profiles

15.2.1. Perfetti Van Melle India Private Limited

15.2.2. Nestle India Limited

15.2.3. Mondelez India Foods Private Limited

15.2.4. ITC Limited

15.2.5. Parle Products Private Limited

15.2.6. Mars International India Private Limited

15.2.7. Lotte India Corporation Limited

15.2.8. Hershey India Private Limited

15.2.9. Ravalgaon Sugar Farm Limited

15.2.10. DS Group Private Limited

16. Strategic Recommendations

17. About Us & Disclaimer

P r o d u c t O v e r v i e w

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India has evolved as one of the fastest growing economies among developing nations and is experiencing a

major change in lifestyle due to rapid urbanization and rising disposable income. With innovative product

offerings and aggressive marketing by major players to increase penetration in rural areas, supported by

robust supply chain network, the market for candies has begun to pick up speed.

Candies

Sugar Candies

(Hard Boiled, Center Filled, Panned,

Lozenges, Lollipops, Jellies, etc.)

Chocolate Candies

(Plain, Center Filled, Panned, Lollipops)

Gum Candies

(Plain, Center filled, Lollipops)

Candy: Candy, also known as sweets, toffies or lollies, is a sweet treat or a confection made with sugar or

sugar substitutes like chocolates, combined with additives like fruits, nuts, etc., or a piece of such confection.

Unlike a cake or a chocolate bar or a loaf of bread, that can be shared among many people, candy is usually

made in smaller pieces. The definition of candy also depends upon people on how they treat the food. Unlike

sweet pastries that are served as a dessert course at the end of the meal, candies are often eaten casually as

a mouth refreshment or between meals.

R e s e a r c h M e t h o d o l o g y

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Research

Information has been gathered through primary research surveys from various candy manufacturers, distributors and retailers to collect various information regarding India candy market.

Secondary data has been collected from company websites, company annual reports, credible paid databases, internal databases and other secondary sources.

Evaluation and Validation

Collected information has been evaluated by our industry experts.

While compiling data, we have validated all the collected information from multiple sources and data warehouses in order to present the most accurate and precise information of India candy market.

Analysis

Various aspects of the candy market in India have been comprehensively monitored and analyzed by team of industry experts.

TechSci Research have also identified and analyzed all emerging trends, including important drivers and challenges that India candy market is confronting.

Presentation

The information analyzed has been then represented in chronological order to depict a meaningful and clear picture of the market.

Segmental shares with forecast for the industry based on the in-depth analysis of market dynamics, prevalent trends, major developments and growth opportunities have also been presented in the report

I n d u s t r y B r i e f

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India Candy Market to Grow at CAGR 9% till 2021

According to recently released TechSci Research report “India Candy Market By Type, By Organized Vs Unorganized, CompetitionForecast and Opportunities, 2011-2021’’, India candy market is forecast to grow at a CAGR of over 9% during 2016-2021, onaccount of increasing awareness among consumers about foreign brands candies due to rapid westernization and aggressivemarketing and promotional strategies by market players is driving the demand for candies in the country. Rapidurbanization across the country has led to the increase in brand consciousness and inclination towards western brands leading tothe emergence of premium candy segments in the country. According to world bank, in 2015, the healthcare expenditure in Indiastood at 4.90% of the India’s GDP, as compared to 4.70% in 2014. This increase in the healthcare expenditure is attributed to risingdisposable incomes. Moreover, according to central intelligence agency, India median age by gender in 2016 is 27.6 years withmale at 26.9 years and females at 28.3 years. Due to these reasons coupled with rising urban population share, which was over50% in 2015, the demand for candy in the country is expected to significantly grow during the forecast period.

Most part of India is still poorly developed or undeveloped. However, increase in personal disposable income and rising standardsof living due to westernization has shifted the mindset of consumers from saving to consumption and spending on lifestyle. Thespending power of consumers in India is projected to increase due to rising middle class households. Today, consumers are willingto entertain quality products, irrespective of the price constraints and this is why the premium products in candy market arepicking up speed in India. The implications of aggressive marketing and promotional strategies are higher in Tier I and Tier II citieslike Delhi/NCR, Mumbai, Bangalore, Chennai, etc., as they are majorly affected by continuously increasing modernization. Therequirement for candy products is expected to increase in the households due to increase in gifting culture trend in the country.The growing demand for candies has resulted in an increasing foray of companies into the sector. India candy market is majorlydependent on imports for premium candies. The sugar candy segment has dominated the India candy market in 2015, and isprojected to garner a revenue share of over 50% in India candy market by 2021, due to increasing disposable income of consumers,continuous launch of innovative and imported products and growing awareness among end users.

“Increasing competition among individuals to attain a luxurious lifestyle is also one of the primary reasons of rising lifestyle issuessuch as diabetes, blood pressure, etc., in the country. In order to overcome health problems caused due to high sugar intake,people are shifting towards sugar-free and low calorie products to safeguard themselves from the adverse effects of lifestylediseases. Companies operating in India candy market are focusing on new innovations and launching products to cater the risingdemand for sugar free products with minimal side effects and to attract customers as well as increase their penetration in themarket.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/india-candy-market-by-type-chocolate-sugar-gum-candy-competition-forecast-opportunities-2021/789.html

S a m p l e D a t a - S n a p s h o t

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1 2 3 4 5

7 8 9 10 11 12

3

5

7

9

11

15 1

7 19 2

1 23 25

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Million) Volume (Thousand Tons)

India Candy Market Size, By Value (USD Million), By

Volume (Thousand Tons), 2011-2021F

Source:XXXXXNote: These are dummy figures; please purchase our report for actual data

India Candy Market Share, By Company, By Value, 2011-2021F

5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%10% 10% 10% 10% 10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%

30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Perfetti Nestle Mondelez ITC Parle Others

India Candy Market Attractiveness Index, By

Region, By Value, 2015-2021F

5.00%

7.00%

9.00%

11.00%

13.00%

15.00%

17.00%

1.50 2.50 3.50 4.50 5.50 6.50 7.50

West

SouthEast North

India Candy Market Share, By Region,

By Value, 2015 & 2021F

North

East

West

South

2015: X%

2021F: X%

2015: X%

2021F: X%

2015: X%

2021F: X%

2015: X%

2021F: X%

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

30% 30% 30% 30% 30% 30% 30% 30% 30% 30%30%

40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F

North West South East

India Sugar Candy Market Share, By Region, By Value, 2011-2021F

50.00%50.00%

Urban Rural

India Chocolate Market

Share, Rural vs. Urban, By

Value, 2014

R e p o r t O r d e r i n g

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Report Name: India Candy Market By Type (Sugar Candy, Chocolate Candy &

Gum Candy), By Organized Vs Unorganized, Competition Forecast &

Opportunities, 2011-2021

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Disclaimer:The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, canchange without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption.Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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