The India candy market is anticipated to grow with a considerable CAGR during the forecast period (2020-2026). The market is mainly driven by the availability of a wide range of lollypop, toffee, and other forms of candy across the country. Additionally, there are various popular brands of confectioneries available in India that is engaged in the manufacturing of candies such as, ITC Ltd., Lotte India Corp. Ltd., Parle Products Pvt. Ltd. among others. Along with this, the domestic players are also getting creative with their offering by including locally accepted flavors and genres to it. For instance, Dabur, an India based ayurvedic company offers a tingling candy purely made of herbal ingredients. Such product offerings are expected to catalyst the growth of the Indian candy market.
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Furthermore, Parle Products Pvt. Ltd., an India based candy manufacturer that is mainly proved to be dominant in the candy market. The company manufactures a range of candies that are very much popular in the country. Several of the famous candies manufactured by the Parle Products Pvt. includes Kimi, Melody, Mango Bite, Londonderry, Kaccha Mango Bite, and Poppins. In addition to this, DS Group is another significant name in the Indian candy market. The company manufactures Pulse candy which was launched initially in 2015 with Kachcha Aam flavor. It gained significant popularity among youngsters in the country. Later on, with the success of one flavor, other flavors such as Guava, Orange, Pineapple, and Litchi were added by the company.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Type, By Flavor, By Distribution Channel
- Regions Covered- India
- Competitive Landscape- Derby, ITC Ltd., Lotte India Corporation Ltd., Nestle S.A., Parle Products Pvt. Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Candy Market Report Segment
By Type
- Hard-Boiled Candies
- Pastilles, Gums, Jellies, and Chews
- Toffees
- Lollipop, Twist & Stick candy
- Others
By Flavor
- Caramel
- Chocolate
- Mint
- Coffee
- Fruits
- Other
By Distribution Channel
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Channel
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
