2024
8
India Chocolate Confectionery Market Report 2024
2025-01-24T10:01:47+00:00
REPAE78A4F9_7531_4A51_A0B9_E794C310B882
2195
179009
[{"name":"Chocolate Confectionery","url":"https:\/\/store.mintel.com\/industries\/food\/chocolate-confectionery"}]
Report
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Chocolate, an inherently indulgent category, continues to captivate consumers by embracing innovation and enhancing the experience through new flavours, textures and creative packaging. Premium offerings and strategies that introduce a…
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  8. India Chocolate Confectionery Market Report 2024

India Chocolate Confectionery Market Report 2024

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Chocolate, an inherently indulgent category, continues to captivate consumers by embracing innovation and enhancing the experience through new flavours, textures and creative packaging. Premium offerings and strategies that introduce a sense of permissibility ensure that chocolate remains exciting and desirable.

Exploring innovative inclusions to create unique textural and flavour experiences presents a largely untapped opportunity. The Report highlights key ingredients that can be used to craft chunky chocolate formulations.

A rise in premium chocolate launches offers an opportunity to examine what consumers truly perceive as ‘premium.’ This Report delves into these perceptions, providing valuable insights to guide innovations that align with the desires and expectations of modern consumers.

The rise of healthy snacking and the demand for guilt-free indulgence have redefined how consumers enjoy chocolate. This Report delves into consumer perceptions of chocolate enjoyment, uncovering key factors that help alleviate the guilt often tied to its consumption.

This report looks at the following areas:

  • Consumption of chocolate
  • Growth potential for chocolates with inclusions; most preferred types of inclusions
  • Exploring the key factors that shape Indian consumers’ perception of premium chocolate
  • Preferred occasions for gifting dark chocolate and regular (milk, white) chocolate
  • The prevalence of consumer guilt associated with eating chocolate
  • Top factors that can alleviate the guilt associated with chocolate consumption
  • Exciting chocolate innovations from both global and Indian markets

Flavour innovation is key to premiumising chocolate. Create excitement by tapping into interest in chocolates with inclusions, and ease consumer guilt with reduced sugar and -calorie claims.

Anamika Banerji, Senior Research Analyst – Food and Drink, India

Market Definitions

This report includes: all kinds of chocolate (milk, dark, white) in moulded/tablets, countlines/bar, panned, centre-filled/filled, wafer-coated chocolate, packaged seasonal/gifting chocolate (Christmas/Diwali special) including assortments, individually wrapped and non- individually wrapped chocolate.

It excludes: unpackaged chocolate, biscuits (including chocolate coated biscuits), wafer biscuits, cakes and cake bars, marshmallows, alfajores, chewing gums, lolipops, jellies, cocoa powder and chocolate drinks.

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  1. EXECUTIVE SUMMARY

    • Mintel’s perspective
    • Key issues covered in this Report
    • Overview
    • Chocolate consumers are eyeing a wide range of inclusions, with nuts and coconut bits at the top
    • Graph 1: inclusions that consumers would like to try in chocolates, 2024
    • Flavour innovation is the future of premium chocolate
    • Graph 2: attributes considered essential for a chocolate to be classified as premium, 2024
    • Gifting chocolate is the secret to happy children and romantic dates
    • Chocolate consumers’ guilt primarily revolves around sugar and calories
    • Graph 3: attributes in chocolate that would not make consumers feel guilty about consuming it, 2024
    • The outlook for the Indian chocolate category
  2. KEY TRENDS AND MARKET FACTORS

    • What you need to know
    • Indians crave permissible indulgence
    • Non-communicable diseases are on the rise
    • Healthy snacking is playing on the minds of Indian consumers
    • Graph 4: how often consumers look for a healthy product when choosing a snack, 2023
    • Consumers increasingly demand healthier versions of indulgent foods
    • Sugar aversion is on the rise
    • Graph 5: % of consumers* who chose ‘low in sugar content’ as one of their top three factors when shopping for food, 2021-23
    • Culinary adventures bring joy
    • Consumers want to awaken their taste buds with adventure
    • Graph 6: frequency of select food behaviour “look for new foods/flavours to try”*, 2024
    • Graph 7: agreement with statements around flavour trial*, 2023
    • Chocolate lovers seek a playful twist on chocolate
    • Global players are pushing boundaries for chocolate adventure
    • Coca-Cola and Holiland team up to release Y3000, co-created with AI
    • Indian brands are driving innovation to create differentiation
    • The chocolate industry is facing a cocoa crisis
    • The cocoa market outlook does not look sweet
    • Global cocoa production is down nearly 11% this year
    • Consumers will react to higher prices by cutting back consumption
    • New technology offers alternatives to existing cocoa butter alternatives
    • Planet A Foods and Voyage Foods are already on the market
  3. WHAT CONSUMERS WANT AND WHY

    • What you need to know
    • Chocolate’s consumption grows with affluence and wanes with age
    • Graph 8: chocolate consumption in the last three months, 2024
    • Young Indians have a sweet spot for regular chocolate binges
    • Graph 9: frequency of chocolate consumption in the last three months, 2024
    • Graph 10: select frequencies of chocolate consumption, by age, 2024
    • Elevating chocolate with inclusions
    • Chocolate consumers are eyeing a wide range of inclusions, with nuts and coconut bits as the top choices
    • Graph 11: inclusions that consumers would like to try in chocolates, 2024
    • It is time to take the chunky route
    • Graph 12: % of chocolate launches featuring the top three textures, 2022-24
    • Women and the well-to-do are more drawn to nuts and dry fruits
    • Graph 13: nuts and dry fruits as select inclusions that consumers would like to try in chocolates, by socioeconomic group, 2024
    • Graph 14: nuts and dry fruits as select inclusions that consumers would like to try in chocolates, by gender, 2024
    • Almonds are a mainstay in Indian chocolates
    • Graph 15: % of chocolate launches with nuts as ingredients, 2019-24
    • Graph 16: % of launches featuring the top five nut ingredients, 2023-24
    • Chocolate ingredient landscape: pistachio and walnut are bringing novelty
    • Differentiate with the richness of walnuts and pistachio
    • Dubai chocolate captivates social media
    • Global inspirations: a nutty world tour of chocolate
    • Cadbury Dairy Milk offers a creamy and chunky peanut experience
    • Add a healthy twist with coconut bits, nuts and fresh fruit pieces as inclusions
    • Graph 17: health interest in indulgent food & drinks products, 2024
    • Graph 18: select inclusions that consumers would like to try in chocolates, 2024
    • Coconut remains largely untapped in Indian chocolate
    • Sprinkle on some coconut magic for a flavour and texture boost
    • Explore a new level of indulgence with coconut
    • Add a delightful mix of coconut and fruit
    • Fruit-infused chocolates see an uptick in India
    • Graph 19: % of chocolate launches with fruit & fruit products as ingredients, 2019-24
    • A peek into berry-based delights in the Indian market
    • Global inspirations that add colour, texture and flavour with fruit inclusions
    • Offer a bright, citrusy chocolate experience
    • Woo young Indians with bits of toffee, jelly and butterscotch
    • Inject a burst of fun with crunchy toffee and chewy jelly bits
    • Gen Zs in Tier 3 cities are excited about getting a traditional Indian twist in their chocolates
    • Graph 20: mithai pieces/bits as a select inclusion that consumers would like to try in chocolates, by generation and city tier, 2024
    • The fascination with mithai inclusions arises from the desire to experiment with mithai flavours in chocolates
    • Graph 21: Indian mithai/dessert flavours of interest in chocolates, 2023
    • Graph 22: flavours of interest in chocolates, 2023
    • New-age brands are beginning to chocolatise the Indian mithai
    • Cross-category inspiration: Naturals celebrates Indian sweets with its festive special ice cream collection
    • Mintel Spark imagines chocolate with a mithai twist
    • Premiumise chocolate with inclusions for a multi-textured experience
    • Graph 23: inclusions that consumers would like to try in chocolates, 2024
    • Hero inclusions in special edition – premium chocolates
    • Graph 24: select inclusions that consumers would like to try in chocolates, 2024
    • Infuse chunky goodies for richer special editions
    • Case study: Choceur introduces fun inclusions in its 2024 Christmas collection
    • What defines a premium chocolate?
    • Premium chocolate launches are on the rise again
    • Graph 25: % of chocolate launches featuring the premium claim, 2019-24
    • Flavour innovation is the future of premium chocolate
    • Graph 26: attributes considered essential for a chocolate to be classified as premium, 2024
    • Invite consumers on a premium flavour journey
    • Premium chocolates are getting more flavourful
    • Graph 27: % of flavoured launches in chocolate launches with premium claim vs chocolate launches without premium claim, 2021-24
    • Graph 28: % of flavoured launches in chocolate launches with premium claim vs chocolate launches without premium claim, 2021-24
    • Premium chocolates need more flavour differentiation
    • Graph 29: % of chocolate launches with top 10 flavours, 2021-24
    • Graph 30: % of premium chocolate launches with top five flavours, 2021-24
    • A peek into top flavours in the global chocolate market
    • Graph 31: % of premium chocolate launches with top 10 flavours, 2021-24
    • Graph 32: % of chocolate launches with top 10 flavours, 2021-24
    • Dessert and nuanced coffee flavours bring a refreshing novelty to the Indian chocolate category
    • Differentiate with specialised coffee notes
    • Ferrero Pocket Coffee takes the coffee experience to the next level
    • Indian brands embrace the indulgence of dessert flavours
    • Global inspirations delivering decadence in dessert style
    • Choceur offers a flavour and texture adventure with sweet bakery fillings
    • Fruits contribute to novel and emerging flavours in chocolates
    • Add a burst of refreshing fruit flavour to shake up the chocolate routine
    • A peek into global fruit adventures in chocolate
    • Wrap chocolates in luxury
    • Graph 33: ‘luxurious packaging’ as a select attribute considered essential for a chocolate to be classified as premium, 2024
    • Stand-up pouches are common in Indian premium chocolates, while cartons are popular in global premium offerings
    • Graph 34: % of regular and premium chocolate launches in different package materials, 2023-24
    • Graph 35: % of regular and premium chocolate launches in different package types, 2023-24
    • A global perspective on premium chocolate packaging – powered by Mintel LEAP
    • Milka tests paper packaging in its launches
    • Global chocolate confectionery brands are using more-sustainable packaging for differentiation
    • Spotlight exclusive ingredients on pack to elevate premium value
    • Mintel Spark’s take on premium chocolate packaging
    • Melt-in-the-mouth vs multi-textured
    • Smooth and silky texture dominates the premium space; there is opportunity for more melt-in-the-mouth cues
    • Graph 36: % of premium chocolate launches with different textures, 2021-24
    • Let chocolate lovers savour a melt-in-the-mouth sensation in premium chocolate
    • Japanese inspiration: leveraging runny and mellow ingredients for melting textures
    • Indians in upper-tier cities link high cocoa content to premiumness
    • Graph 37: ‘high cocoa content’ as a select attribute considered essential for a chocolate to be classified as premium, 2024
    • Graph 38: % of dark chocolate launches featuring the premium claim, 2021-24
    • Showcase rich dark chocolate as the perfect pick for a luxurious sensorial experience
    • Dark chocolate’s health halo adds to its allure
    • Dark chocolate is social media’s healthy chocolate hero
    • Social media platforms help emphasise dark chocolate’s superfood image
    • Unravel health benefits associated with dark chocolate
    • Cocoa of Indian origin is catching the attention of the West region
    • Graph 39: ‘made from Indian origin cocoa’ as a select attribute considered essential for a chocolate to be classified as premium, 2024
    • Weave a tale of Indian origin to enhance brands’ premium image
    • The role of chocolates in gifting
    • Gifting chocolate is the secret to happy children and romantic dates
    • Chocolate’s sweet spot in the gifting arena
    • Engage 18-24s with dark chocolates that can elevate dreamy dates
    • Graph 40: choice of dark chocolate for gifting when dating, 2024
    • Present chocolates romantically
    • Add a sprinkle of love with personalisation
    • Cross-category inspiration: candies honour modern dating tropes
    • Capitalise on the trend of gifting kids by offering unique features
    • Indulge the elderly with chocolates they’ll love
    • Enjoying chocolate without the guilt
    • Half guilty, half carefree: the chocolate conundrum
    • Graph 41: agreement/disagreement with the statement “I feel guilty after eating chocolate”, 2024
    • Chocolate is a guilty pleasure for the young and well-to-do
    • Graph 42: consumers who feel guilty after eating chocolate (Guilt-Conscious Indulgers), 2024
    • Graph 43: consumers who do not feel guilty after eating chocolate (Carefree Indulgers), 2024
    • Frequent chocolate intake correlates with feelings of guilt
    • Consumers’ guilt primarily revolves around sugar and calories
    • Graph 44: attributes in chocolate that would not make consumers feel guilty about consuming it, 2024
    • Sugar concern is top of mind, and threatens consumption
    • Graph 45: select reasons for consuming less chocolate than a year ago, 2023
    • Graph 46: select attributes in chocolate that would not make consumers feel guilty about consuming it, by gender, 2024
    • The market is sweet on ‘no added sugar’ claims
    • Graph 47: select sugar-related claims in chocolates, 2019-24
    • Graph 48: select sugar-related claims in chocolates, 2019-24
    • Natural sugar substitutes are being leveraged in chocolates
    • Significant opportunities remain to dial down sugar levels in chocolate
    • Graph 49: average sugar content per 100g in chocolate launches, 2019-24
    • Let consumers experience luxury, redefined with less sugar
    • Balance indulgence and health messaging on pack
    • Showcase low sugar/calorie content on the front of pack
    • A peek into Indian low-sugar goodies
    • Russell Stover offers a diverse range of sugar-free chocolates
    • Indian brands are combining sugar-free options with dark chocolate for a healthier appeal
    • Young Indians seek small servings for smart indulgence
    • Delight consumers with mini-yet-satisfying products
    • Create more small moments of joy that add up to a great day
    • Portionable translates to sharable and inclusive
    • Offer superfood-powered chocolates for permissibility
  4. APPENDIX

    • Report definition
    • Consumer survey methodology

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