The Indian confectionery market is one of the fast growing markets in the processed foods sector. Growing at a rate of 8% in 2010 the market size of the Indian Confectionery Market was Rs. 41 billion with a volume turnover of about 223500 tonne per annum. The category is largely consumed in urban areas with a 73% skew to urban markets and a 27% to rural markets.
Confectionery primarily made out of sugar is consumed by individuals of all age and regions. The industry in India is approximately divided into: Chocolates, Hard-boiled candies, Eclairs & toffees, Chewing gums, Lollipops, Bubble gum, Mints and lozenges. The major players in this segment are Nutrine, Nestle, Cadbury, Lotte, Perfetti Van Melle.
The confectionery market in India is expected to continue to grow at healthy rates. Sugar confectionery will remain the largest segment, and new products like mints, lollipops and chewing gum, as well as boxed assortments will grow at the fastest rates.
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Report Title: Confectionary market in India
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