In 2016, India consumed an estimated 228 thousand tonnes of chocolate confectionary, up 50% from the 152 thousand tonnes consumed in 2011, according to market research firm Mintel.
How much chocolate does India consume?
Chocolate Industry India: Market Size
The average chocolate consumption per capita in India is 100g to 200g per person. This is in stark contrast to Japan, Asia’s biggest chocolate consumer, at 2kg per person! And way out of line when compared to Europe, where the consumption is between 5kg to 9kg per person!
How many chocolates are sold in India?
During the same time period, confectionery valued at approximately 4.6 billion U.S dollars was sold across India.
Retail sales value of chocolate in India from 2013 to 2018 (in billion U.S. dollars)
|Characteristic||Retail sales in billion U.S. dollars|
How much chocolate is consumed each year?
Americans consume 2.8 billion pounds of chocolate each year, or over 11 pounds per person. Americans eat an average of 22 pounds of candy each year, split almost equally between candy and chocolate. That’s far less than most Europeans consume.
What is the chocolate market size in India?
The India chocolate market reached a value of US$ 1.9 Billion in 2020 with the country currently representing one of the world’s fastest growing markets for chocolates. Looking forward, IMARC Group expects the market to grow at a CAGR of 11.3% during 2021-2026.
Is chocolate popular in India?
First imported to the country by the British during colonization, chocolate — most of it milk chocolate — is now a daily habit for one in five Indians, said a 2019 report by the market-research company Mintel. And one brand, Cadbury, accounts for two-thirds of all sales, according to 2019 data from Nielsen.
How many years has Cadbury been operating?
One of the best-known British brands, in 2013 The Daily Telegraph named Cadbury among Britain’s most successful exports. Cadbury was established in Birmingham, England in 1824, by John Cadbury, a Quaker who sold tea, coffee and drinking chocolate.
How is the chocolate market in India?
In 2020, the chocolate confectionery market in India was valued at USD 1.9 billion. Today, the country is considered one of the fastest-growing markets for chocolates in the world. … Driven by these factors, chocolates are replacing traditional sweets in the country.
Does India produce cocoa?
Cocoa is an important plantation crop grown for chocolates around the world.In India Cocoa is being cultivated in the States of Kerala, Karnataka, Andhra Pradesh and Tamil Nadu in an area of 1,03,376 ha with total production of 27,072 MT. Andhra Pradesh ranks first in area with 39,714 ha and production of 10,903 MT.
Which chocolate brand is Indian?
Found in 1956 in Gujarat, Amul is one of the oldest and popular dairy companies in India. The company produces bundled milk, dairy items, and is one of the best chocolate names in India. This brand produces two types of chocolates which are dark chocolate and green tea extricate chocolate.
Which country consumes the most chocolate?
The Top Chocolate Loving Nations are (lbs/yr):
- Switzerland 22.36.
- Austria 20.13.
- Ireland 19.47.
- Germany 18.04.
- Norway 17.93.
Which country consumes the most chocolate 2020?
When it comes to the league of chocoholics, Switzerland is out in front with annual per capita consumption amounting to an impressive 8.8 kilograms.
How much chocolate do Americans consume yearly?
That’s the amount spent on chocolate purchases each year in the United States, fueled by occasions such as Valentine’s Day. Estimates are that the typical American consumes nearly 12 pounds of chocolate a year.
Why is chocolate popular in India?
The popularity of chocolate in India is also linked to its affordability. … The secret to their success: inexpensive chocolate products priced as low as Rs5 ($0.08) for a bar to appeal to value-conscious consumers. Mintel says the most popular chocolates in India are those sold in Rs5 and Rs10 packages.
Is the chocolate industry growing?
After growing around 30 billion U.S dollar between 2019 and 2020 it is estimated that between 2020 and 2025, the size of the global chocolate confectionery market will grow by another 15 billion U.S. dollars.
Who gave chocolate its original name?
Etymologists trace the origin of the word “chocolate” to the Aztec word “xocoatl,” which referred to a bitter drink brewed from cacao beans. The Latin name for the cacao tree, Theobroma cacao, means “food of the gods.”