How much chocolate does India consume?
The average chocolate consumption per capita in India is 100g to 200g per person. This is in stark contrast to Japan, Asia’s biggest chocolate consumer, at 2kg per person! And way out of line when compared to Europe, where the consumption is between 5kg to 9kg per person!
Does India consume a lot of chocolate?
“It is a completely Indian product to us.” First imported to the country by the British during colonization, chocolate — most of it milk chocolate — is now a daily habit for one in five Indians, said a 2019 report by the market-research company Mintel.
Do people in India like chocolate?
In India, chocolate has traditionally been seen as a treat for kids. … Plus, 44% of Indian consumers think sweet or sugary snacks like chocolates and cakes, are healthy. These consumers say they appreciate the convenience of eating chocolate, and the energy it gives them, according to Mintel.
How much chocolate is consumed per year worldwide?
Consumers spend more than $7 billion a year on chocolate. US consumers eat 2.8 billion pounds of chocolate annually, representing nearly half of the world’s supply.
Is dairy milk manufactured in India?
It is manufactured and distributed by the Hershey Company in the United States under licence from Cadbury. The chocolate is now available in many countries including India, Kazakhstan, China, Sri Lanka and Pakistan.
Cadbury Dairy Milk.
|A Dairy Milk Caramel bar in its foil wrapper|
How good is chocolate business in India?
Growth of Chocolate Business in India
Furthermore, as per a report published by the 6Wresearch, the Indian Chocolate Market is expected to grow at CAGR over 19% during 2017 to 2023. As a result, a chocolate business experiences an upward surge in the terms of Demand and Profitability.