Bakery & Confectionery: Bakery Products, Confectionery Products, Chocolate Confectionery, Food Confectionery, Cream, Chocolates, Biscuits, Processed Food, Bread, Cakes, Dairy Product, Pastries, Cakes, Cookies, Sweets, Lollipops, Candy Bars, Toffees
Chocolates and Confectionery have indulged the mankind, in its various tastes and forms, ever since it was first made. Chocolates means " Food of the God” (The scientific name of the Chocolate - cacao tree's fruit is "Theobroma Cacao" which means "food of the gods.").Consumers of all age groups prefer chocolate and confectionery products because of their attractive appearance and colour. Now-a-days varieties of products have gained importance due to their delicious taste and better keeping quality making a direct impact on demand. All of these delicious products ranges from fancy boxed chocolates to chocolate bars, baking chocolate to cocoa powder.
The Chocolate market is estimated at around 33,000 tonnes valued at approximately Rs 8.0 billion at present. Major Players like Cadbury India and Nestle and Amul and Campco have captured the heart of Indian chocolate market driving the industry with an impressive growth rate of almost 18 % annually.
The Indian confectionery market is estimately valued at approximately Rs 50 billion. The Indian confectionery market includes sugar boiled confectionery, hard boiled candies, toffees and other sugar-based candies. Sugar boiled confectionery had penetrated an estimated 15% of the households only, suggesting a large potential for growth. Substitution products, chewing and bubble gums are supported by MNCs major like Cadbury India) and Nestle and high powered advertising. Placed at about Rs 3,250 million, the gum and mint market is growing at a rate 10 to 15% annually.
The organized market is dominated by Parry and Nutrine, Perfetti India (Alpenliebe), Warner Lambert; General de Confiteria has made their presence felt in this sector.A large part of the confectionery industry in India comprise of the local subsidiaries of global confectionery majors like Perfetti, Lotte, Wrigley's and Cadbury.
The chocolate and confectionery category, the second largest packaged food segment, has been growing steadily in all regions over the last few years. Globally, chocolate confectionery is the largest sector in terms of value, accounting for almost 60 per cent of total sales.
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