The chocolate market in precedent years has been witnessing tremendous growth in terms of value as well as volume. Indian chocolate industry has registered a growth of 15% per annum from 2008 to 2012 and is projected to grow even at a higher rate in future. The industry has a positive outlook due to phenomenal growth in the confectionery industry.
According to India Chocolate Market Forecast & Opportunities, 2018, the per capita consumption of chocolates is increasing in the country which will continue to flourish the market revenues. It is expected that India chocolate industry will be growing at the CAGR 23% by volume between the years 2013-2018 and reach at 3,41,609 Tons. Dark Chocolates are said to lead the milk chocolates in consumption and use of organic raw materials like herbs in making chocolates is likely to boost the unorganized chocolate industry in India.