Global 6Wresearch Market Reports

India Confectionery Market Synopsis India confectionery market is expected to grow at a CAGR of 7.3% during the period 2020-2026. This growth can be attributed to factors such as rising disposable income, changing lifestyles, and increasing demand for healthy snacks by consumers. Additionally, the introduction of new product categories has also helped in boosting this market’s growth. The India confectionery market consists of products like chocolates, hard-boiled candies or lozenges, gums & jellies, sugar confectioneries, and others (including wafers). Drivers of the Market: Rising Disposable Income - With an increase in disposable incomes among Indian households coupled with changing lifestyles has significantly contributed to increased demand for premium brands from the country`s organized retail sector. This has led to increased consumption of chocolate products due to their affordability and availability across different price points. Consequently, leading manufacturers are ...