Market analysis of chocolate and chocolate products in India
The relevance of research
Chocolate and chocolate products are one of the most popular types of sweets among people of all ages. Some experts are of the opinion that chocolate improves well-being, increases vitality, gives strength and energy.
Purpose of the study
Analyzing the state of the chocolate and chocolate products market in India, assessing the size of the industry, analyzing competitors, as well as factors influencing this market
Content
Part 1. Overview of the Indian Chocolate and Chocolate Products Market
1.1. Main characteristics of the market
1.2. Dynamics of the market volume of chocolate and chocolate products 2016-2020 Potential market capacity
1.3. Assessment of factors affecting the market
1.4. Stage of the life cycle of the chocolate and chocolate products market
1.5. Competition from substitute products
Part 2. Competitive analysis in the chocolate and chocolate products market
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. Profiles of major players
Part 3. Analysis of the production of chocolate and chocolate products
3.1. Volume and dynamics of domestic production of chocolate and chocolate products
3.2. Share of exports in the production of chocolate and chocolate products
3.3. Segmentation of the production of chocolate and chocolate products by region
3.3.1. Production by Union Territories
3.3.2. Production by states of India
Part 4. Analysis of foreign trade deliveries of chocolate
4.1. Volume and dynamics of imports
4.2. Import structure
4.3. Volume and dynamics of exports
4.4. Export structure
Part 5. Analysis of the consumption of chocolate and chocolate products
5.1. Dynamics of consumption of chocolate and chocolate products
5.2. Analysis of the results of tenders for the purchase
Part 6. Price Analysis
6.1. Average producer prices by union territories
6.2. Average consumer prices by states in India
Part 7. Assessment of factors of investment attractiveness of the market
Part 8. Forecast for the development of the chocolate and chocolate products market until 2025
Part 9. Recommendations and conclusions
Research excerpt
Part 1. Overview of the Indian Chocolate and Chocolate Products Market
1.1. Main characteristics of the market
The subject of this analysis is the market for chocolate and chocolate products in India. The Indian market for chocolate and chocolate products in this study refers to the totality of enterprises that form …
The object of this study includes products supplied under the TNVED codes - ...; and produced according to OKPD2 - ...
The Indian chocolate market is dominated by … products. In the analyzed period (2016-2020), the share of Indian products amounted to …% of the industry volume. In 2016, the volume of domestic production was … Further, the share of domestic production annually …
Diagram 1. The ratio of imported and domestic products in the market of chocolate and chocolate products,%
1.2. Dynamics of the market volume of chocolate and chocolate products 2016-2020 Potential market capacity
Consider the dynamics of the market volume.
At the end of 2020, the volume of the chocolate and chocolate products market amounted to … tons, … by …% compared to the level of 2019. The main driver of … in 2020 was …, switching …
The volume of the chocolate and chocolate products market in 2020 has become … over the past 4 years, ... At the same time, the industry reached its maximum value in … year and amounted to … tons.
Diagram 2. Dynamics of the market volume of chocolate and chocolate products, 2016 - 2020, thousand tons
If we talk about the potential of the chocolate and chocolate products market, drawing an analogy with countries such as ..., in which consumption per person is on average ..., then the potential of the chocolate market in India can be estimated at ... So, the potential capacity of the Indian chocolate and chocolate products market estimated at ... tons. Achieving potential market capacity in India has been held back to date…
In the structure of income from sales of chocolate and chocolate products in India, the main share is occupied by … the federal district, in 2020 it accounted for … This is due to the fact that …
The second place belongs to … the Union Territories – …% of proceeds from the sale of chocolate and chocolate products. Top 3 leaders closes ...
1.3. Assessment of factors affecting the market
Let's consider the main factors influencing the market and, accordingly, demand.
Economic
- Data on the dynamics of GDP is a macroeconomic indicator that reflects the market value of all final goods and services (that is, intended for direct consumption) produced in a year ...
The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines the key trends in consumer effective demand and economic activity.
As shown in Chart 4, for the period 2016-2019. observed …, and in 2020 the dynamics of GDP turned into …
...
Социальные
...
technological
– Development of e-commerce. The e-commerce market in India has shown …, pandemic in 2020 … pace every year. At the same time, growth in 2021 ... And another important factor was the localization of ...
The development of online commerce and the level of Internet penetration allows buyers to …
...
Political
...
At the same time, the influence of … factors prevails. Such negative tendencies as … significantly hinder the development of the market.
...
1.5. Competition from substitute products
The main competition for … in the market under consideration is …
The trend for … promotes the search for similar products without …
To stimulate demand for chocolate and chocolate products, manufacturers …
Part 2. Competitive analysis in the chocolate and chocolate products market
2.1. Major players in the market
The Indian market of chocolate and chocolate products is consolidated to … extent – about …% of the market in monetary terms accounts for ...
Table 2 shows the main market players in India. The maximum income among chocolate and chocolate products manufacturers in India in 2020 fell on “…” LLC - … Rs. per year for...
Table 2. Main companies participating in the chocolate and chocolate products market in 2020
So, the largest companies in the chocolate and chocolate products market in India are: ...
2.2. Market shares of the largest competitors
The assessment of the shares of competitors in the analyzed market was carried out by GidMarket in monetary terms of the market, based on data regarding ...
According to the results of 2020, LLC “…” is the leader among the market companies in terms of revenue, the company's share in the money turnover is about …%.
In second place in terms of revenue is “…” LLC with a share of …%, in third place... The rest of the market companies in total occupy …% of the market.
...
Diagram 10. Shares of the largest competitors in the market of chocolate and chocolate products in monetary terms in 2020
2.3. Profiles of major players
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...
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...
Part 3. Analysis of the production of chocolate and chocolate products
3.1. Volume and dynamics of domestic production of chocolate and chocolate products
According to GidMarket's estimate, based on the revenue data of the main market producers, the volume of production of chocolate and chocolate products in 2020 amounted to … tons, … by …% compared to 2019. Since 2016, production in India in tons of …%. It should be noted that…
Another driver … became … in 2014-2016, which made the products …
To the TOP-5 producers of chocolate and chocolate products in India … In 2020, the total revenue of the TOP-5 enterprises-producers of chocolate and chocolate products amounted to … Rs., … compared to 2019 by …%. …
3.2. Share of exports in the production of chocolate and chocolate products
In 2020, the share of exports in production amounted to …%. When calculating the indicator, it was taken into account that ... As can be seen in Diagram 13, the share of exports in the production of chocolate and chocolate products is systematically … by …% p.p.
3.3. Segmentation of the production of chocolate and chocolate products by region
3.3.1. Production by Union Territories
In terms of production of chocolate and products in India, the leader is ... the Union Territories, this is justified by the fact that ... is located in ...
In the … Union Territories there are such large companies as: …
The second line in the ranking in terms of production among the federal districts of India is occupied by … Union Territories, in 2020 its share was …% of the total production in the country. In ... the Union Territories are located ...
...
3.3.2. Production by states of India
The largest manufacturing states are ... reg. (…%), then in descending order of share in production follow: … (…%), … reg. (…%), … Other states account for about …% of the production of chocolate and chocolate products.
Part 4. Analysis of foreign trade deliveries of chocolate
4.1. Volume and dynamics of imports
The volume of imports of chocolate and chocolate products in India in 2020 amounted to … tons, … by …% relative to 2019. At the same time, the volume of imports of chocolate and chocolate products in tons in 2020 is … the level of 2016 by …%.
During the analyzed period (until 2020) …
Diagram 16. Volume and dynamics of imports of chocolate and chocolate products in monetary terms, $ million
In value (dollar) terms, the dynamics of imports of chocolate and chocolate products is similar to ... The volume of imports of chocolate and chocolate products in monetary (dollar) terms in 2020 amounted to … $, which is by …% … the level of 2019, but by …
4.2. Import structure
In the structure of imports of chocolate and chocolate products by importing countries in 2020, the key supplier is …, which accounts for …% of all imported chocolate and chocolate products. Also supplies to India are: ... The share of other importing countries of chocolate and chocolate products in 2020 accounted for only …%.
4.3. Volume and dynamics of exports
During the analyzed period, the volume of export deliveries of chocolate and chocolate products from India shows … dynamics (…). At the end of 2020, the volume of exports of chocolate and chocolate products amounted to … tons, which is …% more than …
Changes in the value of exports in dollar terms ... This is due to changes ... in relation to ... currencies. In dollar terms ... At the same time, the level of 2020 ...
In 2020, the balance of exports/imports during the analyzed period was ... So ... in 2020 it exceeded ... by ... $. At the same time, in 2016 exports …
4.4. Export structure
Indian chocolate and products from it are supplied to more than ... countries of the world. At the same time, more than …% of exports in value terms in 2020 accounted for … countries: … (…%), … (…%), ...
The top 10 exporting countries in 2020 also include: …
Part 5. Analysis of the consumption of chocolate and chocolate products
5.1. Dynamics of consumption of chocolate and chocolate products
According to GidMarket’s calculations, in 2020 the volume of consumption of chocolate and chocolate products in monetary terms (in ruble terms, in retail prices) amounted to … Rs., … Over a five-year period …, the main factor … was the factor …
Consumption of … in India is higher … despite … The share of chocolate consumption in volume terms (including white) is about …% in the volume of consumption. At the same time, in value terms, the share of chocolate reaches … The rest of the market is occupied by …
5.2. Analysis of the results of tenders for the purchase
For the period from 01.01.20/01.05.21/ to / / . more than ... tenders were announced, which included applications for the purchase of chocolate and chocolate products in the amount of ... thousand Rs. up to … million Rs. Applications include chocolates…
Large buyers of chocolate and chocolate products are …
Table 7. Data on completed tenders for the purchase of chocolate and chocolate products announced in 01.01.2020/01.05.2021/ - / /
Part 6. Price Analysis
6.1. Average producer prices by union territories
Chocolate and chocolate products of domestic production can be divided into several groups: ...
Producer prices for sweets in 2020 remained at the level of … Rs./kg. The average prices in different federal districts differ, primarily due to ... Thus, the highest prices for chocolate sweets in 2020 were in the … Union Territories – … Rs./kg, and the lowest in the … Union Territories – … Rs. /kg.
...
6.2. Average consumer prices by states in India
The average consumer price in India for chocolate in January-March 2021 was … Rs./kg. In terms of Indian states, the highest consumer prices for chocolate are in … – … Rs./kg, … – … Rs./kg, …
The lowest consumer prices for chocolate in … – … Rs./kg, …
...
Part 7. Assessment of factors of investment attractiveness of the market
… factors of the investment climate in the industry of production and sale of chocolate and chocolate products dominate over ... A comprehensive assessment of the factors of investment unattractiveness is ... points - ... investment climate.
The most significant negative factors: ...
The most significant positive factors: ...
...
Part 8. Forecast for the development of the chocolate and chocolate products market until 2025
...
Part 9. Recommendations and conclusions
...
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