The total size of the Indian chocolates market was about $2 billion in 2022. According to Euromonitor, it is estimated to grow to $2.9 bullion by 2027. According to industry analysis and consulting firm Mordor Intelligence, the Indian chocolate market is witnessing a high demand for dark chocolate. California-based Dr. Bharat Rakshak...
India's Sportswear Industry Poised for Growth
According to a research report by San Jose, CA-based Global Industry Analysts Inc., the global market for Sports and Fitness Clothing is projected to reach $231.7 billion by 2024, and the Asia-Pacific region is expected to be fastest growing region, with a CAGR of 6.9 percent over the forecast period....
Constantia Flexibles Expands Production Capacity in India
Vienna, Austria-headquartered Constantia Flexibles will invest $16 million to expand production capacity at its Indian subsidiary Parikh Packaging, in Ahmedabad, Gujarat. The company broke ground in mid-2017 on a new greenfield site close to existing production at Parikh. The site is currently under construction and will meet international environmental, hygiene, and...
India’s Packaged Goods Industry Likely to Reach $50 Billion by 2017
India’s packaged food industry is rapidly growing. The sector is likely to rise to $50 billion next year from $32 billion last year, according to the Associated Chambers of Commerce and Industry of India, which said, "There has been a major shift in food habits in the metropolitan cities. About 79...
India Snack Wars Escalate
India's domestic snack makers and imported brands are vying for the top spot in the salted snacks category. Companies in the multinational camp are PepsiCo and ITC (both of which manufacture their foods in India) Regional companies include Haldiram Foods, Parle Products, Balaji Wafers, and Prataap Snacks. Economic Times reports a study by London-based...
India’s Growth Shatters Auto Sales Records
More than three million cars were sold last year in India, a 6.4% increase over 2014, according to Euromonitor. Sales are expected to grow by 4.7% in 2016 as buyers are encouraged by lower fuel prices and reduced interest rates, reports CNN Money. “We are going to see a flood...