The latest research study “India Packaged Sweets Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the India packaged sweets market reached a value of INR 4,368 crores in 2021. Looking forward, IMARC Group expects the market to reach INR 12,763 crores by 2027, exhibiting a CAGR of 19.40% during 2022-2027.
Grade: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Sweets refer to the desserts or sweet dishes that are prepared from numerous ingredients, including milk derivatives, cereals, pulses, dry fruits, wheat flour, etc. They are packaged in boxes, plastic containers, tin cans, etc., as per their physical structure and textures. Some widely utilized packaged sweets include rasgulla, soan papdi, ladoo, cham cham, rajbhog, gulab jamun, barfi, peda, etc. Packaged sweets have a prolonged shelf-life and can thereby be transported over long distances. They are widely consumed across India, especially during special occasions, such as weddings, birthdays, anniversaries, parties, festivals, etc.
India Packaged Sweets Market Trends and Drivers:
The expanding food packaging industry and the growing consumer consciousness towards food hygiene and cleanliness are among the primary factors driving the India packaged sweets market.
Besides this, the shifting preferences among individuals from traditional or home-cooked sweets towards packaged and ready-to-serve variants are further propelling the market growth. Moreover, the emerging trend of gifting sweets during social and cultural gatherings is also catalyzing the product demand. In addition to this, the elevating focus among the manufacturers on developing vegan, lactose-free, and organic…