According to the latest report by IMARC Group, titled “India Packaged Sweets Market Share, Size, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the India packaged sweets market reached a value of INR 4,368 Crore in 2021. Looking forward, IMARC Group expects the market to reach INR 12,763 Crore by 2027, exhibiting a CAGR of 19.40% during 2022-2027.
Sweets refer to the desserts or sweet dishes that are prepared from numerous ingredients, including milk derivatives, cereals, pulses, dry fruits, wheat flour, etc. They are packaged in boxes, plastic containers, tin cans, etc., as per their physical structure and textures. Some widely utilized packaged sweets include rasgulla, soan papdi, ladoo, cham cham, rajbhog, gulab jamun, barfi, peda, etc. Packaged sweets have a prolonged shelf-life and can thereby be transported over long distances. They are widely consumed across India, especially during special occasions, such as weddings, birthdays, anniversaries, parties, festivals, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Packaged Sweets Market Trends and Drivers:
The expanding food packaging industry and the growing consumer consciousness towards food hygiene and cleanliness are among the primary factors driving the India packaged sweets market.
Besides this, the shifting preferences among individuals from traditional or home-cooked sweets towards packaged and ready-to-serve variants are further propelling the market growth. Moreover, the emerging trend of gifting sweets during social and cultural gatherings is also catalyzing the product demand. In addition to this, the elevating focus among the manufacturers on developing vegan, lactose-free, and organic variants is acting as another significant growth-inducing factor.
Furthermore, several advancements in packaging technologies, such as the introduction of biodegradable packaging, nanofabrication packaging, flexible packaging, etc., are anticipated to bolster the India packaged sweets market over the forecasted period.
India Packaged Sweets Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Banchharam, Bikanervala, Bikaji, Bihar State Co-operative Milk Producers Federation Limited (COMFED), Gujarat Co-operative Milk Marketing Federation Limited, Haldiram’s, Karnataka Co-operative Milk Producers Federation Limited (KMF), KC Das, Lal Sweets, Orissa State Co-operative Milk Producers Federation Limited (OMFED), Parag Milk Foods, Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF).
The report has segmented the market on the basis of region, product type, ingredient type, packaging type and distribution channel.
Breakup by Product Type:
- Rasgulla and Gulab Jamun
- Soan Papdi
Breakup by Ingredient Type:
- Milk and Milk Derivatives
- Cereal and Pulses
- Dry Fruits
- Fruits and Vegetables
Breakup by Packaging Type:
- Tin Cans
- Plastic Containers
Breakup by Distribution Channel:
- Own Brand Stores
- Convenience Stores
- Supermarkets and Hypermarkets
- Milk Outlets
Breakup by Region:
- North India
- West and Central India
- South India
- East India
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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