India Packaged Sweets Market to Reach INR 25,970.8 Crore by 2032, Bolstered by the Introduction of Luxurious Brands

February 15, 2022 | Food & Beverages

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The latest report by IMARC Group, titled “India Packaged Sweets Market Report by Product Type (Rasgulla and Gulab Jamun, Barfi, Soan Papdi, Peda, Laddoo, and Others), Ingredient Type (Milk and Milk Derivatives, Cereal and Pulses, Dry Fruits, Fruits and Vegetables, and Others), Packaging Type (Boxes, Tin Cans, Plastic Containers), Distribution Channel (Own Brand Stores, Convenience Stores, Supermarkets and Hypermarkets, E-Commerce, Milk Outlets), and Region 2024-2032,” finds that the India packaged sweets market reached a value of INR 6,229.7 Crore in 2023. Sweets are confectionary food items that are manufactured from milk and milk derivatives, cereals and pulses, wheat flour, and dry fruits. They include rasgulla, gulab jamun, barfi, peda, ladoo, cham cham, rajbhog, and soan papdi. They are available in packaged boxes, plastic containers, as well as tin cans based on their texture and physical forms. They are preferably consumed within a week, once opened and also refrigerated for preservation. In India, sweets are processed in pure desi ghee, making them beneficial for health. These packaged sweets are usually certified by government organizations, such as FSSAI, which ensures the high quality and the ability to be transported over longer distances.

India Packaged Sweets Market Trends:

The market is primarily driven by the significant growth of the packaging sector. Packaged sweets are an essential part of the Indian culture as they are served during cultural and social gatherings like festivals, celebrations, and weddings. In addition to this, rapid urbanization and change in food consumption patterns are increasing the consumption of packaged food products like sweets. Besides this, the increasing consciousness regarding food hygiene and cleanliness coupled with the shifting preferences from traditional or home-cooked sweets toward ready-to-eat and packaged variants is escalating the demand for packaged sweets. Moreover, manufacturers are launching sugar-free sweets packs. especially for people with diabetes, which is widening their consumer base. They are also offering free home delivery and promotional offers, thus increasing their sales among consumers. Furthermore, innovations in processing techniques for extending the shelf life of packaged sweets and the introduction of luxurious brands that offer organic, vegan, dairy-free sweets with clean label ingredients are also creating a positive outlook for the market. Looking forward, the market is expected to reach a value of INR 25,970.8 Crore by 2032, exhibiting a CAGR of 16.67% during the forecast period (2024-2032).

Market Summary:

Based on the product type, the market has been segmented into rasgulla and gulab jamun, barfi, soan papdi, peda, laddoo and others.
On the basis of the ingredient type, the market has been classified into milk and milk derivatives, cereal and pulses, dry fruits, fruits and vegetables, and others.
The market has been categorized based on the packaging type into boxes, tin cans, and plastic containers.
On the basis of the distribution channel, the market has been segregated into own brand stores, convenience stores, supermarkets and hypermarkets, e-commerce, and milk outlets.
Region-wise, the market has been divided into North India, West and Central India, South India, and East India.
The competitive landscape of the market has been examined, with some of the key players being 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, and Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF).

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	INR Crore, Million Kg
Segment Coverage	Product Type, Ingredient Type, Packaging Type, Distribution Channel, Region
Region Covered	North India, West and Central India, South India, East India
Companies Covered	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, and Tamil Nadu Co-operative Milk Producers Federation Limited (TCMF)
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India Packaged Sweets Market to Reach INR 25,970.8 Crore by 2032, Bolstered by the Introduction of Luxurious Brands

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