Indian Chocolate Market Poised to Grow Stupendously
Chocolate market is the biggest segment of the Indian confectionery industry by value. The chocolate market in India is a largely concentrated market and caters to various consumer segments with extremely fragmented in terms of products. The sales of chocolate have been increasing in the country over the years with a major chunk of sales in the urban areas. According to “Indian Confectionery Market Analysis”, the Indian chocolate market is expected to grow at a CAGR of around 21% during 2011-2015.
