India Chocolate Market Outlook", 2023

Christmas is all about cold snow, warm sweaters, bright lights & CHOCOLATES.

Christmas and chocolates go hand in hand since its origin

December 25, is theday when christmas is celeberated all over the world, be it children or adultsor age olds. Jesus chose to be born on the shortest day of the year for symbolic reasons, according to an early Christmas sermon. Christmas Day is celebrated as a major festival and public holiday in countries around the world, including many whose populations are mostly non-Christian.

The traditional colors of Christmas decorations are red, green, and gold. Red symbolizes the blood of Jesus,  which was shed in his crucifixion, while green symbolizes eternal life, and in particular the evergreen tree, which does not lose its leaves in the winter, and gold is the first color associated with Christmas, as one of the three gifts of the Magi, symbolizing royalty.

Christmas lights and banners may be hung along streets, music played from speakers, and Christmas trees placed in prominent places. It is common in many parts of the world for town squares and consumer shopping areas to sponsor and display decorations. In some countries, Christmas decorations are traditionally taken down on Twelfth Night, the evening of January 5.

Christmas, along with Easter, is the period of highest annual church attendance. People offer prayers at midnight and sing carols.

As a Christmas tradition, the chocolate coin giving was thought to be started by the deeds of Saint Nicholas. Although there isn't any written documentation, many legends speak of his kindness to children. He was said to be an incredibly shy person and wanted to give money to the poor children of Myra without them knowing about it. One night he climbed on a roof and threw a purse of money down a chimney, which landed in a pair of stockings that a little girl had hung up to dry.

In the United Kingdom chocolate coins mimic the design of real money; they are traditionally bought around Christmas and are used to decorate the Christmas tree and to fill the stockings of children. When children visit a friend or relative they are allowed to find and take chocolates from the tree as a treat. A variant of this is that chocolate coins are hidden somewhere in the house for children to find, often in the form of a treasure trail.

Chocolates are the major attractions on Christmas. It has many forms chocolate coins, chocolate pudding, chocolate mousse, chocolate cake, candy, chocolate bars, and chocolate gifting."India Chocolate Market Outlook", 2023 gives a comprehensive analysis on the Chocolate industry of India. In India, the hygiene products market has shown an explosive growth in recent years. The key growth drivers of chocolate industry in India are tradition of gifting sweets, shifting in consumer preference from traditional mithai to chocolates, rising income levels and attractive pricing which is suitable for every pocket. The urban India and tier I, II cities have woken up to the fad of chocolate being considered as a gift proposition. While even till few years back sweets were the only option in delicacy gifting, overt media exposure and smart marketing techniques have positioned chocolates as an alternative.

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According to report, 'India Chocolate Market Outlook, 2023' published by Bonafide Research, total chocolate market has grown with 18% CAGR from 2011-12 to 2016-17 in value terms. In volume terms, it is predicted to have growth rate around XX% during forecast period. Total chocolate market is segmented into two broad categories i.e. Mass and Premium. It has three product viz. Dark chocolate, White chocolate and Milk chocolate. Milk chocolates have been always popular in India and contribute more than 70% of the total chocolate market.

India is now one of the world’s fastest growing chocolate confectionery markets. The Indian chocolate market is expected to grow by 20 per cent each year between 2016 and 2020. As a result, it is generating new demand from many customer segments, and growing rapidly. This remarkable transformation has been possible because the chocolate category has reinvented itself.

Covered in this report:

• India chocolate Market

• India Milk Chocolate

• India White Chocolate

• India Dark Chocolate

• India Mass Chocolate

• India Premium Chocolate

"India Chocolate Market Outlook, 2023" discusses the following aspects of Chocolate in India:

- Global Chocolate Market Size By Value & Forecast

- North America Chocolate Market Size By Value & Forecast

- Asia Pacific Chocolate Market Size By Value & Forecast

- Europe Chocolate Market Size By Value & Forecast

- Global Chocolate Segmental Analysis: By Region, By Company

- India Chocolate Market Size By Value & Forecast

- India Milk Chocolate Market Size By Value, Volume & Forecast

- India Dark Chocolate Market Size By Value, Volume & Forecast

- India White Chocolate Market Size By Value, Volume & Forecast

- India Mass Chocolate Market Size By Value, Volume & Forecast

- India Premium Chocolate Market Size By Value, Volume & Forecast

- India Chocolate Segmental Analysis: By Type, By Company, By Brand, By Region

- Key Vendors in this market space

This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of Chocolate in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

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Keywords: chocolate,