NEW YORK, March 7, 2022 /PRNewswire/ -- Confectionery Store Market in India Facts at a Glance-
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The Confectionery Store Market in India is expected to increase by USD 4.32 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 13.59%. Also, the market will record a 12.54% Y-O-Y growth rate in 2022 as per the latest market report by Technavio. The confectionery store market share growth in India by the offline segment will be significant for revenue generation. Rapid urbanization and the consequent changes in lifestyles, with consumers looking for more on-the-go products and shorter queuing times at shop counters, are increasing the preference for convenience stores in India. Thus, the overall sales of health and nutrition confectionery products such as gluten-free food products are increasing at a high rate in convenience stores. Independent retailers are private owners that have built their retail stores by assessing businesses' needs, including staffing, marketing, merchandising, and sales.
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Vendor Insights-
The Confectionery Store Market in India is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
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Latest Drivers & Trends Driving the Market-
The rising demand for organic, functional, vegan, and gluten-free confectioneries is one of the key drivers supporting the store market growth in India. The growing health consciousness has increased the demand for healthier, organic diets. As a result, the demand for vegan and gluten-free confectioneries is increasing rapidly across India. The confectionery sector is expanding in India due to the growing demand for sugar-free chocolates and confectioneries. This can be ascribed to a growing customer preference for low-calorie items due to the rise in many lifestyle disorders.
Premium and healthy chocolates are becoming increasingly popular, which is the major trend for the growth of the confectionery store market in India. People in India prefer to indulge themselves with bite-sized chocolates to control their confectionery intake; As a result, the premium chocolate business is highly popular. It fits with the country's 'clean eating' trend. Consumers are choosing premium chocolates to enjoy a guilt-free experience. Premium chocolate brands like Ferrero are being stocked in supermarkets and hypermarkets like D-Mart and Reliance Mart in an attempt to acquire market momentum. It has well-balanced elements that are beneficial to one's health and minimize the risk of high blood pressure and cholesterol. Such health benefits will positively impact the market growth during the forecast period.
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Related Reports:
Confectionery Store Market In India Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.59% |
Market growth 2022-2026 |
USD 4.32 billion |
Market structure |
Fragmented |
YoY growth (%) |
12.54 |
Performing market contribution |
India |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Avenue E Commerce Ltd., Burgundy Hospitality Pvt. Ltd., Candico India Litd, Chitale Bandhu Mithaiwale, Godrej and Boyce Manufacturing Co. Ltd., Haldiram Foods International Pvt. Ltd, Karachi Bakery, Lotte Confectionery Co. Ltd., Parle Products Pvt. Ltd., and Perfetti Van Melle Group BV |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key finding 2
*Exhibit 03: Key finding 5
*Exhibit 04: Key finding 6
*Exhibit 05: Key finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 06: Parent market
*Exhibit 07: Market characteristics
**2.2 Value chain analysis
*Exhibit 08: Value Chain Analysis: Packaged foods and meats
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Primary processing
*2.2.4 Secondary and tertiary processing
*2.2.5 Outbound logistics
*2.2.6 End-customers
*2.2.7 Marketing and sales
*2.2.8 Services
*2.2.9 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 09: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 10: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 13: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 14: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 15: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 16: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 17: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 18: Threat of rivalry
**4.7 Market condition
*Exhibit 19: Market condition - Five forces 2021
***5. Market Segmentation by Distribution channel
**5.1 Market segments
*The segments covered in this chapter are:
· Offline
· Online
*Exhibit 20: Distribution channel - Market share 2021-2026 (%)
**5.2 Comparison by Distribution channel
*Exhibit 21: Comparison by Distribution channel
**5.3 Offline - Market size and forecast 2021-2026
*Exhibit 22: Offline - Market size and forecast 2021-2026 ($ million)
*5.3.1 Impact of COVID-19 pandemic on offline distribution channels
*Exhibit 23: Offline - Year-over-year growth 2021-2026 (%)
**5.4 Online - Market size and forecast 2021-2026
*Exhibit 24: Online - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Online - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by Distribution channel
*Exhibit 26: Market opportunity by Distribution channel
***6. Market Segmentation by Age group
**6.1 Market segments
*The segments covered in this chapter are:
· Children
· Adult
· Geriatric
*Exhibit 27: Age group - Market share 2021-2026 (%)
**6.2 Comparison by Age group
*Exhibit 28: Comparison by Age group
**6.3 Children - Market size and forecast 2021-2026
*Exhibit 29: Children - Market size and forecast 2021-2026 ($ million)
*Exhibit 30: Children - Year-over-year growth 2021-2026 (%)
**6.4 Adult - Market size and forecast 2021-2026
*Exhibit 31: Adult - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Adult - Year-over-year growth 2021-2026 (%)
**6.5 Geriatric - Market size and forecast 2021-2026
*Exhibit 33: Geriatric - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Geriatric - Year-over-year growth 2021-2026 (%)
**6.6 Market opportunity by Age group
*Exhibit 35: Market opportunity by Age group
***7. Customer landscape
*Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**7.1 Overview
*Exhibit 36: Customer landscape
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Rising demand for organic, functional, vegan, and gluten-free confectioneries
*8.1.2 Rise in young population as key customers
*8.1.3 Premiumization in chocolate confectionery
**8.2 Market challenges
*8.2.1 Fluctuating prices of raw materials
*8.2.2 Increasing competition from new snacking options
*8.2.3 Increase in health concern like diabetes and obesity
*Exhibit 37: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Premium and healthy chocolates are becoming increasingly popular.
*8.3.2 Increasing prevalence of Sugar-Free Confections
*8.3.3 Busy lifestyle
***9. Vendor Landscape
**9.1 Overview
*Exhibit 38: Vendor landscape
**9.2 Landscape disruption
*Exhibit 39: Landscape disruption
*Exhibit 40: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 41: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 42: Market positioning of vendors
**10.3 Avenue E Commerce Ltd.
*Exhibit 43: Avenue E Commerce Ltd. - Overview
*Exhibit 44: Avenue E Commerce Ltd. - Product and service
*Exhibit 45: Avenue E Commerce Ltd. - Key offerings
**10.4 Burgundy Hospitality Pvt. Ltd.
*Exhibit 46: Burgundy Hospitality Pvt. Ltd. - Overview
*Exhibit 47: Burgundy Hospitality Pvt. Ltd. - Product and service
*Exhibit 48: Burgundy Hospitality Pvt. Ltd. - Key offerings
**10.5 Candico India Litd
*Exhibit 49: Candico India Litd - Overview
*Exhibit 50: Candico India Litd - Product and service
*Exhibit 51: Candico India Litd - Key offerings
**10.6 Chitale Bandhu Mithaiwale
*Exhibit 52: Chitale Bandhu Mithaiwale - Overview
*Exhibit 53: Chitale Bandhu Mithaiwale - Product and service
*Exhibit 54: Chitale Bandhu Mithaiwale - Key offerings
**10.7 Godrej and Boyce Manufacturing Co. Ltd.
*Exhibit 55: Godrej and Boyce Manufacturing Co. Ltd. - Overview
*Exhibit 56: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
*Exhibit 57: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
*Exhibit 58: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
**10.8 Haldiram Foods International Pvt. Ltd
*Exhibit 59: Haldiram Foods International Pvt. Ltd - Overview
*Exhibit 60: Haldiram Foods International Pvt. Ltd - Product and service
*Exhibit 61: Haldiram Foods International Pvt. Ltd - Key offerings
**10.9 Karachi Bakery
*Exhibit 62: Karachi Bakery - Overview
*Exhibit 63: Karachi Bakery - Product and service
*Exhibit 64: Karachi Bakery - Key offerings
**10.10 Lotte Confectionery Co. Ltd.
*Exhibit 65: Lotte Confectionery Co. Ltd. - Overview
*Exhibit 66: Lotte Confectionery Co. Ltd. - Business segments
*Exhibit 67: Lotte Confectionery Co. Ltd. - Key offerings
*Exhibit 68: Lotte Confectionery Co. Ltd. - Segment focus
**10.11 Parle Products Pvt. Ltd.
*Exhibit 69: Parle Products Pvt. Ltd. - Overview
*Exhibit 70: Parle Products Pvt. Ltd. - Product and service
*Exhibit 71: Parle Products Pvt. Ltd. - Key offerings
**10.12 Perfetti Van Melle Group BV
*Exhibit 72: Perfetti Van Melle Group BV - Overview
*Exhibit 73: Perfetti Van Melle Group BV - Business segments
*Exhibit 74: Perfetti Van Melle Group BV - Key offerings
*Exhibit 75: Perfetti Van Melle Group BV - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 76: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 77: Research Methodology
*Exhibit 78: Validation techniques employed for market sizing
*Exhibit 79: Information sources
**11.4 List of abbreviations
*Exhibit 80: List of abbreviations
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