India Candy Market (2024-2030) | Growth, Share, Companies, Revenue, Forecast, Trends, Size, Industry, Value, Outlook & Analysis

India Candy Market Synopsis

The India Candy Market is estimated to grow at a CAGR of 7.4% in the forecast period 2020-2026. Increasing population and rising disposable incomes, growing demand for convenience food, changing lifestyle habits are some of the key factors driving the growth of candy market in India. Candies have become an instant source of pleasure and no occasion or celebration is complete without it.

Drivers of the Market:

1) Increasing population and rising disposable incomes - Rising disposable income has enabled consumers to indulge themselves with candies as treats that were traditionally considered luxury items due to their higher costs. This has increased the penetration rate of these products among Indian consumers leading to increased sales volume which remains one of the key drivers for growth in this industry.

2) Growing Demand for Convenience Food - Consumers? reliance on convenience foods such as chocolates, sweets, jellies & gums is increasing steadily due to busy lifestyles especially in urban areas making them more willing than ever before to purchase packaged snacks like candies instead of traditional snacks like murukku or vadai etc., thus driving sales volumes further upwards over time

Challenges of the Market:

1) Health Concerns - High sugar content associated with most confectionery products poses a major challenge for manufacturers as health concerns may limit potential market gains by discouraging people from eating these products thereby affecting overall revenue generated by this sector adversely

2) Availability Issues? Supply chain disruptions caused by Covid-19 pandemic also pose serious challenges (especially during lockdowns). The inability of supermarkets/retail outlets (due non availability/unavailability ) coupled with shortage/delay in transportation services resulted into severe supply constraints across small stores resulting into low inventory levels which ultimately affected sales volumes adversely

Trends of the Market:

1) Growing Popularity Of Novel Flavors ? There has been an increase in demand for unique flavors over time such as bubblegum , sour strawberry , lemonade etc . These new flavors offer variety and entice customers who look out for something different from regular offerings.

2) Introduction Of Innovative Packaging ? With rapid technological advancements packaging companies are coming up with innovative designs & materials aimed at providing protection against extreme conditions while ensuring attractive product presentation . Also plastic based lidded containers offering child resistant closures have gained popularity owing its convenience factor

Key Highlights of the Report:

• India Candy Market Outlook
• Market Size of India Candy Market, 2023
• Forecast of India Candy Market, 2030
• Historical Data and Forecast of India Candy Revenues & Volume for the Period 2020-2030
• India Candy Market Trend Evolution
• India Candy Market Drivers and Challenges
• India Candy Price Trends
• India Candy Porter's Five Forces
• India Candy Industry Life Cycle
• Historical Data and Forecast of India Candy Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Chocolate Candy for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Non-Chocolate Candy for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Distribution for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Supermarkets and Hypermarkets for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Convenience Stores for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Specalist Retailers for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Online Retail for the Period 2020-2030
• Historical Data and Forecast of India Candy Market Revenues & Volume By Others for the Period 2020-2030
• India Candy Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Distribution
• India Candy Top Companies Market Share
• India Candy Competitive Benchmarking By Technical and Operational Parameters
• India Candy Company Profiles
• India Candy Key Strategic Recommendations