India Industrial Chocolate Market By Overview
India Industrial Chocolate Market accounted for US$ 1.69 Billion in 2024 and is estimated to be US$ 4.60 Billion by 2034 and is anticipated to register a CAGR of 11.6%.
India Industrial chocolate is a product from cocoa paste or liquor. Cocoa is added with butter along with other ingredients like powdered milk and sugar, this process is a process called coaching. Industrial chocolate has different applications which formulate the mixture differently. Industrial chocolate can be used in making ice cream, producing chocolate confectionery, and other types of bakery and beverages items. These are mainly used in-house by vertically integrated manufacturers or delivered to the third parties in order to create finished chocolate. Foodservice providers and bakery or confectionery manufacturers are the main users of industrial chocolate. In order to meet the heavy demand of chocolate-related items in the market, the bulk amount of chocolate manufacturing is done. Industrial chocolate manufacturers also use organic chocolates that provide a variety of textures and flavours that are finally certified by organizations like Certisys and ECOCERT.
India Industrial Chocolate Market By Drivers & Restraints
Organic and sugar-free chocolates in India are boosting the growth of the Industrial chocolate market. Industrial chocolate has witnessed a soaring growth in the global market and has several aiding factors that are growing its acceptance in the market. Due to the changing lifestyle and consumption pattern among individuals, vendors in the market are innovating constantly in terms of trendy chocolate manufacturing. Manufacturers, such as Nestle, Mondelez, and Amul have already launched their products in the market and are currently bolstering their retail distribution, in the rural landscape. Furthermore, snack bars in chocolate flavours are currently trending in the market and has a huge demand among youngsters. Even though, its demand is highly, individuals are looking for healthy alternatives to chocolate products in the market. Additionally, industrial chocolate manufacturers face another challenge which is volatility in price of cocoa. The tendency of hybrid traditional sweets, in terms of spices, flavours, and other ingredients, often influenced by Western culture, has propelled the demand for chocolate in traditional sweets as well. For instance, milk and nut sweets are usually topped with fine chocolate, whereas, some truffle sweets filled with dried fruits and spices are being hand rolled in chocolate and nut powders.
India Industrial Chocolate Market By Segmentations & Regional Insights
The India industrial chocolate market is segmented based on type and application.
On the basis of type, the India industrial chocolate market is segmented into cocoa powder, cocoa liquor, cocoa butter, and compound chocolate. Based on application, the market is classified into bakery products (cakes, biscuits, pastries, and other bakery products), confectionery, bakery premixes, beverages, frozen dessert and ice cream, compound chocolate, and other applications.
India Industrial Chocolate Market, By Type:
- Cocoa Powder
- Cocoa Liquor
- Cocoa Butter
- Compound Chocolate
India Industrial Chocolate Market, By Application:
- Bakery Products
- Cakes
- Biscuits
- Pastries
- Other Bakery Products
- Confectionery
- Bakery Premixes
- Beverages
- Frozen Dessert and Ice Cream
- Compound Chocolate
- Other Applications
India Industrial Chocolate Market By Competitive Landscape & Key Players
The key players operating the India industrial chocolate market includes Puratos, The Barry Callebaut Group, The Campco Ltd., Lotus Chocolate Co. Ltd., Aalst Chocolate, India Cocoa Private Limited, DP Cocoa Products Pvt Ltd., Jindal Cocoa, Amrut International, and Morde. Prominent players operating in the target market are focusing on the strategic partnerships as well as the launching of the products in order to gain a competitive edge in the target market. For instance, in September 2017, Wilmar International Ltd, through its wholly-owned subsidiary, KOG Investments Pte Ltd, acquired a 50% equity interest in Aalst Chocolate Pte Ltd. The joint venture is done to expand the business portfolio of chocolate ingredients in Asia.
India Industrial Chocolate Market By Company Profile
- Puratos*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Barry Callebaut Group
- The Campco Ltd.
- Lotus Chocolate Co. Ltd.
- Aalst Chocolate
- India Cocoa Private Limited
- DP Cocoa Products Pvt Ltd.
- Jindal Cocoa
- Amrut International
- Morde
“*” marked represents similar segmentation in other categories in the respective section
India Industrial Chocolate Market By Highlights
FAQs
The India industrial chocolate market is segmented based on type and application.
Organic and sugar-free chocolates in India are boosting the growth of the Industrial chocolate market. Industrial chocolate has witnessed a soaring growth in the global market and has several aiding factors that are growing its acceptance in the market.
Prominent players operating in the target market are focusing on the strategic partnerships as well as the launching of the products in order to gain a competitive edge in the target market. For instance, in September 2017, Wilmar International Ltd, through its wholly-owned subsidiary, KOG Investments Pte Ltd, acquired a 50% equity interest in Aalst Chocolate Pte Ltd.