India Compound Chocolate Market - Industry Trends and Forecast to 2028

India compound chocolate market is projected to register a CAGR of 13.8% in the forecast period of 2021 to 2028. The new market report contains data for historic year 2019, the base year of calculation is 2020 and the forecast period is 2021 to 2028.

Market Segmentation:

India Compound Chocolate Market, By Type (Dark Chocolate, Milk Chocolate, White Chocolate), Sweetness (Regular, Semi-Sweet, Sweet), Chocolate Form (Chocolate Bars/Slabs, Chocolate Chips, Chocolate Chunks, Chocolate Flakes, Others), Flavor (Plain/Regular, Flavoured), Vegetable Fat (Palm Oil, Coconut Oil, Other Vegetable 0il), Function (Enrobing/Coating, Garnishing/Decorating, Base Ingredient, Flavouring, Others), Application (Bakery, Assorted Chocolate & Confectionery, Beverages, Ganache & Chocolate Dips, Frozen Dessert, Ice Creams, Others) Industry Trends and Forecast to 2028

Some of the major factors contributing to the growth of the India compound chocolate market are:

Availability of compound chocolate in variety of flavors and colors

Inexpensive and affordable in comparison to real chocolate

Market Players:

The key market players for the India compound chocolate market are listed below:

PURATOS

DP Chocolates

Pure Temptation

Morde Foods Pvt Ltd

Denali Foods

Cargill, Incorporated

THE CAMPCO LTD

Barry Callebaut

GCMMF

SUNBEEN IMPEX PVT. LTD

TABLE OF CONTENTS

1 INTRODUCTION 12

• 1.1 OBJECTIVES OF THE STUDY 12
• 1.2 MARKET DEFINITION 12
• 1.3 OVERVIEW OF INDIA COMPOUND CHOCOLATE MARKET 12
• 1.4 CURRENCY AND PRICING 14
• 1.5 LIMITATIONS 14
• 1.6 MARKETS COVERED 14

2 MARKET SEGMENTATION 16

• 2.1 MARKETS COVERED 16
• 2.2 GEOGRAPHICAL SCOPE 17
• 2.3 YEARS CONSIDERED FOR THE STUDY 17
• 2.4 DBMR TRIPOD DATA VALIDATION MODEL 18
• 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
• 2.6 KEY INSIGHTS 22
• 2.7 MULTIVARIATE MODELLING 23
• 2.8 TYPE LIFELINE CURVE 23
• 2.9 DBMR MARKET POSITION GRID 24
• 2.10 MARKET APPLICATION COVERAGE GRID 26
• 2.11 SECONDARY SOURCES 27
• 2.12 ASSUMPTIONS 27

3 EXECUTIVE SUMMARY 28

4 PREMIUM INSIGHTS 30

5 SUPPLY CHAIN OF INDIA COMPOUND CHOCOLATE MARKET 31

• 5.1 RAW MATERIAL PROCUREMENT 31
  • 5.1.1 COCOA SOLIDS PRODUCTION 32
  • 5.1.2 PALM OIL & COCONUT OIL PRODUCTION 32
    • 5.1.2.1 PALM OIL 32
    • 5.1.2.2 COCONUT OIL 32
  • 5.1.3 PROCUREMENT 32
• 5.2 MANUFACTURING AND DISTRIBUTION 33
• 5.3 END USERS 33

 

6 INDIA COMPOUND CHOCOLATE MARKET: REGULATORY FRAMEWORK 34

• 6.1 LABELLING 35
• 6.2 PACKAGING 36
• 6.3 BRAND 36
• 6.4 TASTE 36
• 6.5 COMPARATIVE ANALYSIS 37

7 MARKET OVERVIEW 39

• 7.1 DRIVERS 41
  • 7.1.1 RISE IN AWARENESS REGARDING HEALTH BENEFITS OF DARK CHOCOLATES 41
  • 7.1.2 HIGH DEMAND OF CRAFTED CHOCOLATES IN FESTIVE SEASONS 42
  • 7.1.3 RISE IN DEMAND OF COMPOUND CHOCOLATE IN BAKERY INDUSTRY 42
  • 7.1.4 COST EFFICIENT 43
• 7.2 RESTRAINTS 44
  • 7.2.1 USE OF HIGH SUGAR CONTENT IN MOST OF THE CHOCOLATE COATING PRODUCTS 44
  • 7.2.2 HIGH PRICE OF HIGH QUALITY COCOA BEANS 45
• 7.3 OPPORTUNITIES 47
  • 7.3.1 GROWING PREFERENCE OF FLAVOURED AND UNIQUE CHOCOLATES 47
  • 7.3.2 GROWING DEVELOPMENT OF CHOCOLATE COATED PRODUCTS 48
  • 7.3.3 GROWING BUSINESS EXPANSION 48
• 7.4 CHALLENGES 49
  • 7.4.1 HIGH USAGE OF REAL/COVERTURE CHOCOLATE 49
  • 7.4.2 CHALLENGES ASSOCIATED WITH THE AVAILABILITY OF COCOA 50

8 COVID-19 IMPACT ON INDIA COMPOUND CHOCOLATE MARKET 51

• 8.1 PRICE IMPACT ANALYSIS 51
• 8.2 DEMAND IMPACT ANALYSIS 51
• 8.3 SUPPLY CHAIN IMPACT ANALYSIS 51
• 8.4 CONCLUSION 52

9 INDIA COMPOUND CHOCOLATE MARKET, BY TYPE 53

• 9.1 OVERVIEW 54
• 9.2 MILK CHOCOLATE 55
• 9.3 DARK CHOCOLATE 55
  • 9.3.1 MEDIUM 56
  • 9.3.2 DARK 56
  • 9.3.3 LIGHT 56
• 9.4 WHITE CHOCOLATE 56
  • 9.4.1 WHITE 57
  • 9.4.2 SUPERWHITE 57

10 INDIA COMPOUND CHOCOLATE MARKET: BY SWEETNESS 58

• 10.1 OVERVIEW 59
• 10.2 SWEET 60
• 10.3 SEMI-SWEET 60
• 10.4 REGULAR 61

11 INDIA COMPOUND CHOCOLATE MARKET, BY CHOCOLATE FORM 62

• 11.1 OVERVIEW 63
• 11.2 CHOCOLATE FLAKES 64
• 11.3 CHOCOLATE CHIPS 64
• 11.4 CHOCOLATE CHUNKS 65
• 11.5 CHOCOLATE BARS/SLABS 65
• 11.6 OTHERS 66

12 INDIA COMPOUND CHOCOLATE MARKET, BY FLAVOR 67

• 12.1 OVERVIEW 68
• 12.2 PLAIN/REGULAR 69
• 12.3 FLAVORED 69
  • 12.3.1 STRAWBERRY 70
  • 12.3.2 MANGO 70
  • 12.3.3 BUTTERSCOTCH 70
  • 12.3.4 COOKED MILK 70
  • 12.3.5 ORANGE 70
  • 12.3.6 PEANUT 70
  • 12.3.7 OTHERS 70

13 INDIA COMPOUND CHOCOLATE MARKET, BY VEGETABLE FAT 71

• 13.1 OVERVIEW 72
• 13.2 PALM OIL 73
• 13.3 COCONUT OIL 73
• 13.4 OTHERS VEGETABLE OIL 74

14 INDIA COMPOUND CHOCOLATE MARKET, BY FUNCTION 75

• 14.1 OVERVIEW 76
• 14.2 GARNISHING/DECORATING 77
• 14.3 ENROBING/COATING 77
• 14.4 FLAVORING 78
• 14.5 BASE INGREDIENT 78
• 14.6 OTHERS 79

 

15 INDIA COMPOUND CHOCOLATE MARKET, BY APPLICATION 80

• 15.1 OVERVIEW 81
• 15.2 BAKERY 82
  • 15.2.1 BISCUITS & COOKIES 83
  • 15.2.2 CAKES AND PASTRIES 83
  • 15.2.3 MUFFINS 83
  • 15.2.4 DOUGHNUTS 83
  • 15.2.5 OTHERS 83
• 15.3 ASSORTED CHOCOLATE & CONFECTIONARY 83
  • 15.3.1 CHOCOLATE BARS 84
  • 15.3.2 CHOCOLATE BITES 84
  • 15.3.3 CANDIES 85
  • 15.3.4 OTHERS 85
• 15.4 GANACHE & CHOCOLATE DIPS 85
• 15.5 BEVERAGES 85
  • 15.5.1 MILKSHAKES 86
  • 15.5.2 HOT CHOCOLATE 86
  • 15.5.3 OTHERS 86
• 15.6 FROZEN DESSERTS 86
• 15.7 ICE CREAMS 87
• 15.8 OTHERS 87

16 GLOBAL COMPOUND CHOCOLATE MARKET 88

• 16.1 GLOBAL 88

17 INDIA COMPOUND CHOCOLATE MARKET: COMPANY LANDSCAPE 97

• 17.1 COMPANY SHARE ANALYSIS: INDIA 97

18 SWOT 98

19 COMPANY PROFILES 99

• 19.1 MORDE FOODS PVT LTD 99
  • 19.1.1 COMPANY SNAPSHOT 99
  • 19.1.2 PRODUCT PORTFOLIO 99
  • 19.1.3 RECENT DEVELOPMENT 99
• 19.2 BARRY CALLEBAUT 100
  • 19.2.1 COMPANY SNAPSHOT 100
  • 19.2.2 REVENUE ANALYSIS 100
  • 19.2.3 PRODUCT PORTFOLIO 101
  • 19.2.4 RECENT DEVELOPMENTS 101

 

• 19.3 DP CHOCOLATES 103
  • 19.3.1 COMPANY SNAPSHOT 103
  • 19.3.2 PRODUCT PORTFOLIO 103
  • 19.3.3 RECENT DEVELOPMENT 103
• 19.4 GCMMF 104
  • 19.4.1 COMPANY SNAPSHOT 104
  • 19.4.2 REVENUE ANALYSIS 104
  • 19.4.3 PRODUCT PORTFOLIO 105
  • 19.4.4 RECENT DEVELOPMENTS 105
• 19.5 CARGILL, INCORPORATED 107
  • 19.5.1 COMPANY SNAPSHOT 107
  • 19.5.2 REVENUE ANALYSIS 107
  • 19.5.3 PRODUCT PORTFOLIO 108
  • 19.5.4 RECENT DEVELOPMENTS 108
• 19.6 DENALI FOODS 110
  • 19.6.1 COMPANY SNAPSHOT 110
  • 19.6.2 PRODUCT PORTFOLIO 110
  • 19.6.3 RECENT DEVELOPMENT 110
• 19.7 PURATOS 111
  • 19.7.1 COMPANY SNAPSHOT 111
  • 19.7.2 PRODUCT PORTFOLIO 111
  • 19.7.3 RECENT DEVELOPMENTS 111
• 19.8 PURE TEMPTATION 113
  • 19.8.1 COMPANY SNAPSHOT 113
  • 19.8.2 PRODUCT PORTFOLIO 113
  • 19.8.3 RECENT DEVELOPMENTS 113
• 19.9 SUNBEEN IMPEX PVT LTD 115
  • 19.9.1 COMPANY SNAPSHOT 115
  • 19.9.2 PRODUCT PORTFOLIO 115
  • 19.9.3 RECENT DEVELOPMENTS 115
• 19.10 THE CAMPCO LTD. 116
  • 19.10.1 COMPANY SNAPSHOT 116
  • 19.10.2 PRODUCT PORTFOLIO 116
  • 19.10.3 RECENT DEVELOPMENTS 116

20 QUESTIONNAIRE 118

21 RELATED REPORTS 121

LIST OF TABLES

• TABLE 1 COMPARATIVE ANALYSIS ON THE BASIS OF CONTENT 37
• TABLE 2 COMPARATIVE ANALYSIS ON THE BASIS OF PRICE 38
• TABLE 3 TABLE COMPOUND CHOCOLATE PRICE ANALYSIS OF MAJOR INDIAN BRANDS 43
• TABLE 4 COUVERTURE CHOCOLATE PRICE ANALYSIS OF MAJOR INDIAN BRANDS 43
• TABLE 5 % OF OBESITY IN VARIOUS STATES AS RECORDED IN NFHS-4 AND NFHS-3 45
• TABLE 6 INDIA COMPOUND CHOCOLATE MARKET, BY TYPE, 2019-2028 (USD MILLION) 54
• TABLE 7 INDIA DARK IN COMPOUND CHOCOLATE MARKET, BY PACKAGE TYPE, 2018-2028 (USD MILLION) 56
• TABLE 8 INDIA DARK IN COMPOUND CHOCOLATE MARKET, BY PACKAGE TYPE, 2018-2028 (USD MILLION) 57
• TABLE 9 INDIA COMPOUND CHOCOLATE MARKET, BY SWEETNESS, 2019-2028 (USD MILLION) 59
• TABLE 10 INDIA COMPOUND CHOCOLATE MARKET, BY CHOCOLATE FORM, 2019-2028 (USD MILLION) 64
• TABLE 11 INDIA COMPOUND CHOCOLATE MARKET, BY FLAVOR, 2019-2028 (USD MILLION) 68
• TABLE 12 INDIA FLAVORED IN COMPOUND CHOCOLATE MARKET, BY FLAVOR, 2019-2028 (USD MILLION) 70
• TABLE 13 INDIA COMPOUND CHOCOLATE MARKET, BY VEGETABLE FAT, 2019-2028 (USD MILLION) 72
• TABLE 14 INDIA COMPOUND CHOCOLATE MARKET, BY FUNCTION, 2019-2028 (USD MILLION) 76
• TABLE 15 INDIA COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 82
• TABLE 16 INDIA BAKERY IN COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 83
• TABLE 17 INDIA ASSORTED CHOCOLATE & CONFECTIONERY IN COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 84
• TABLE 18 INDIA BEVERAGES IN COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 86
• TABLE 19 GLOBAL COMPOUND CHOCOLATE MARKET, BY REGION, 2019-2028 (USD MILLION) 92
• TABLE 20 GLOBAL COMPOUND CHOCOLATE MARKET, BY TYPE, 2019-2028 (USD MILLION) 92
• TABLE 21 GLOBAL DARK IN COMPOUND CHOCOLATE MARKET, BY PACKAGE TYPE, 2019-2028 (USD MILLION) 92
• TABLE 22 GLOBAL DARK IN COMPOUND CHOCOLATE MARKET, BY PACKAGE TYPE, 2019-2028 (USD MILLION) 92
• TABLE 23 GLOBAL COMPOUND CHOCOLATE MARKET, BY SWEETNESS, 2019-2028 (USD MILLION) 93
• TABLE 24 GLOBAL COMPOUND CHOCOLATE MARKET, BY CHCOLATE FORM, 2019-2028 (USD MILLION) 93
• TABLE 25 GLOBAL COMPOUND CHOCOLATE MARKET, BY FLAVOR, 2019-2028 (USD MILLION) 93
• TABLE 26 GLOBAL FLAVORED IN COMPOUND CHOCOLATE MARKET, BY FLAVOR, 2019-2028 (USD MILLION) 94
• TABLE 27 GLOBAL COMPOUND CHOCOLATE MARKET, BY VEGETABLE FAT, 2019-2028 (USD MILLION) 94
• TABLE 28 GLOBAL COMPOUND CHOCOLATE MARKET, BY FUNCTION, 2019-2028 (USD MILLION) 94
• TABLE 29 GLOBAL COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 95
• TABLE 30 GLOBAL BAKERY IN COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 95
• TABLE 31 GLOBAL ASSORTED CHOCOLATE & CONFECTIONERY IN COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 95
• TABLE 32 GLOBAL BEVERAGES IN COMPOUND CHOCOLATE MARKET, BY APPLICATION, 2019-2028 (USD MILLION) 96

LIST OF FIGURES

• FIGURE 1 INDIA COMPOUND CHOCOLATE MARKET: SEGMENTATION 16
• FIGURE 2 INDIA COMPOUND CHOCOLATE MARKET: DATA TRIANGULATION 18
• FIGURE 3 INDIA COMPOUND CHOCOLATE MARKET: DROC ANALYSIS 19
• FIGURE 4 INDIA COMPOUND CHOCOLATE MARKET: COUNTRY VS REGIONAL MARKET ANALYSIS 20
• FIGURE 5 INDIA COMPOUND CHOCOLATE MARKET: COMPANY RESEARCH ANALYSIS 20
• FIGURE 6 INDIA COMPOUND CHOCOLATE MARKET: INTERVIEW DEMOGRAPHICS 21
• FIGURE 7 INDIA COMPOUND CHOCOLATE MARKET: DBMR MARKET POSITION GRID 24
• FIGURE 8 INDIA COMPOUND CHOCOLATE MARKET: DBMR VENDOR SHARE ANALYSIS 25
• FIGURE 9 INDIA COMPOUND CHOCOLATE MARKET: SEGMENTATION 29
• FIGURE 10 RISE IN DEMAND OF COMPOUND CHOCOLATE IN BAKERY INDUSTRY ARE EXPECTED TO DRIVE THE INDIA COMPOUND CHOCOLATE MARKET IN THE FORECAST PERIOD OF 2021 TO 2028 30
• FIGURE 11 DARK CHOCOLATE SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE INDIA COMPOUND CHOCOLATE MARKET IN 2021 & 2028 30
• FIGURE 12 SUPPLY CHAIN OF INDIA COMPOUND CHOCOLATE MARKET 31
• FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGE OF INDIA COMPOUND CHOCOLATE MARKET 40
• FIGURE 14 AVERAGE SELLING PRICE OF COCOA BEAN (USD/TONNE) 46
• FIGURE 15 AVERAGE SELLING PRICE OF COCOA POWDER (USD/LBS) 46
• FIGURE 16 COCOA BEANS PRICE 2018-2019 (USD/MT) 47
• FIGURE 17 INDIA COMPOUND CHOCOLATE MARKET: BY TYPE, 2020 54
• FIGURE 18 INDIA COMPOUND CHOCOLATE MARKET: BY SWEETNESS, 2020 59
• FIGURE 19 INDIA COMPOUND CHOCOLATE MARKET: BY CHOCOLATE FORM, 2020 63
• FIGURE 20 INDIA COMPOUND CHOCOLATE MARKET: BY FLAVOR, 2020 68
• FIGURE 21 INDIA COMPOUND CHOCOLATE MARKET: BY CHOCOLATE FORM, 2020 72
• FIGURE 22 INDIA COMPOUND CHOCOLATE MARKET: BY FUNCTION, 2020 76
• FIGURE 23 INDIA COMPOUND CHOCOLATE MARKET: BY APPLICATION, 2020 81
• FIGURE 24 GLOBAL COMPOUND CHOCOLATE MARKET: SNAPSHOT (2020) 88
• FIGURE 25 GLOBAL COMPOUND CHOCOLATE MARKET: BY COUNTRY (2020) 90
• FIGURE 26 GLOBAL COMPOUND CHOCOLATE MARKET: BY COUNTRY (2019 & 2028) 90
• FIGURE 27 GLOBAL COMPOUND CHOCOLATE MARKET: BY COUNTRY (2019 & 2028) 91
• FIGURE 28 GLOBAL COMPOUND CHOCOLATE MARKET: BY TYPE(2019-2028) 91
• FIGURE 29 INDIA COMPOUND CHOCOLATE MARKET: COMPANY SHARE 2020 (%) 97