The India packaged sweets market size reached INR 6,229.7 Crore in 2023. Looking forward, the publisher expects the market to reach INR 25,970.8 Crore by 2032, exhibiting a growth rate (CAGR) of 17.19% during 2023-2032. The rising working population, shifting consumer preferences towards ready-to-serve variants, and easy availability of packed sweets through online and offline distribution channels represent some of the key factors driving the market.
Packaged sweets refer to pre-packaged confectionery products that are available in various shapes, sizes, flavors, and packaging formats, such as boxes, plastic containers, and tin cans, depending on their physical forms and textures. They include rasgulla, gulab jamun, barfi, peda, soan papdi, ladoo, cham cham, and rajbhog. They also incorporate nutritional information printed on the packaging, which allows consumers to make informed decisions about their food choices. They offer a longer shelf-life as compared to non-packaged sweets and facilitate easy transportation over long distances. At present, packaged sweets are easily available in supermarkets, convenience stores, and other retail outlets across India.
Additionally, the ongoing trend of gifting sweets as a part of Indian culture at social and cultural gatherings, such as weddings, and festivals, celebrations are fueling the market growth. Besides this, stringent regulations about food labeling and maintaining product safety during the packaging of sweets enables building of the consumer trust and influences their choices while purchasing. In addition, key market players operating in the country are introducing numerous organic, vegan, and lactose-free sweets variants for children and people with chronic medical disorders, such as diabetes.
They are also focusing on nanofabrication and biodegradable and flexible packaging, which is creating a favorable market outlook. Other factors, such as increasing investments in marketing strategies, such as social media promotion and digital display and banner advertising, expansion of the e-commerce sector, and improvement in the logistic sector are stimulating the growth of the market across India.
The publisher provides an analysis of the key trends in each sub-segment of the India packaged sweets market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, ingredient type, packaging type and distribution channel.
Some of the companies covered include Banchharam, Bikanervala Foods Private Limited, Bikaji Food International Limited, 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 Private Limited, Lal Sweets Private Limited, Orissa State Co-operative Milk Producers Federation Limited (OMFED), Parag Milk Foods Limited, Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF), etc.
2. What is the expected growth rate of the India packaged sweets market during 2024-2032?
3. What has been the impact of COVID-19 on the India packaged sweets industry?
4. What are the key factors driving the India packaged sweets industry?
5. What is the breakup of the India packaged sweets market based on the product type?
6. What is the breakup of the India packaged sweets market based on the ingredient type?
7. What is the breakup of the India packaged sweets market based on the packaging type?
8. What is the breakup of the India packaged sweets market based on the distribution channel?
9. What are the key regions in the India packaged sweets market?
10. Who are the key players/companies in the India packaged sweets market?
Packaged sweets refer to pre-packaged confectionery products that are available in various shapes, sizes, flavors, and packaging formats, such as boxes, plastic containers, and tin cans, depending on their physical forms and textures. They include rasgulla, gulab jamun, barfi, peda, soan papdi, ladoo, cham cham, and rajbhog. They also incorporate nutritional information printed on the packaging, which allows consumers to make informed decisions about their food choices. They offer a longer shelf-life as compared to non-packaged sweets and facilitate easy transportation over long distances. At present, packaged sweets are easily available in supermarkets, convenience stores, and other retail outlets across India.
Market Trends:
The expanding food packaging sector, along with the increasing consumer consciousness towards food hygiene and cleanliness currently represents one of the key factors positively influencing the market in India. In addition, the rising working population, hectic work schedules, and shifting consumer preferences from traditional or home-cooked sweets towards packaged and ready-to-serve variants are strengthening the market growth in the country. Moreover, the inflating disposable incomes of individuals and the easy availability of packed sweets through both online and offline distribution channels are propelling the market growth in India.Additionally, the ongoing trend of gifting sweets as a part of Indian culture at social and cultural gatherings, such as weddings, and festivals, celebrations are fueling the market growth. Besides this, stringent regulations about food labeling and maintaining product safety during the packaging of sweets enables building of the consumer trust and influences their choices while purchasing. In addition, key market players operating in the country are introducing numerous organic, vegan, and lactose-free sweets variants for children and people with chronic medical disorders, such as diabetes.
They are also focusing on nanofabrication and biodegradable and flexible packaging, which is creating a favorable market outlook. Other factors, such as increasing investments in marketing strategies, such as social media promotion and digital display and banner advertising, expansion of the e-commerce sector, and improvement in the logistic sector are stimulating the growth of the market across India.
The publisher provides an analysis of the key trends in each sub-segment of the India packaged sweets market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on product type, ingredient type, packaging type and distribution channel.
Product Type Insights:
- Rasgulla and Gulab Jamun
- Barfi
- Soan Papdi
- Peda
- Laddoo
- Others
Ingredient Type Insights:
- Milk and Milk Derivatives
- Cereal and Pulses
- Dry Fruits
- Fruits and Vegetables
- Others
Packaging Type Insights:
- Boxes
- Tin Cans
- Plastic Containers
Distribution Channel Insights:
- Own Brand Stores
- Convenience Stores
- Supermarkets and Hypermarkets
- E-Commerce
- Milk Outlets
Regional Insights:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the India packaged sweets industry. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.Some of the companies covered include Banchharam, Bikanervala Foods Private Limited, Bikaji Food International Limited, 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 Private Limited, Lal Sweets Private Limited, Orissa State Co-operative Milk Producers Federation Limited (OMFED), Parag Milk Foods Limited, Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF), etc.
Key Questions Answered in This Report
1. What was the size of the India packaged sweets market in 2023?2. What is the expected growth rate of the India packaged sweets market during 2024-2032?
3. What has been the impact of COVID-19 on the India packaged sweets industry?
4. What are the key factors driving the India packaged sweets industry?
5. What is the breakup of the India packaged sweets market based on the product type?
6. What is the breakup of the India packaged sweets market based on the ingredient type?
7. What is the breakup of the India packaged sweets market based on the packaging type?
8. What is the breakup of the India packaged sweets market based on the distribution channel?
9. What are the key regions in the India packaged sweets market?
10. Who are the key players/companies in the India packaged sweets market?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 India Sweets Market
6 India Packaged Sweets Market
7 Market Breakup by Product Type
8 Market Breakup by Ingredient Type
9 Market Breakup by Packaging Type
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Banchharam
- Bikanervala Foods Private Limited
- Bikaji Food International Limited
- 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 Private Limited
- Lal Sweets Private Limited
- Orissa State Co-operative Milk Producers Federation Limited (OMFED)
- Parag Milk Foods Limited
- Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF)
Methodology
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