Wednesday, June 11, 2014

Indian Confectionery Industry Trends & Forecasts

Summary
Understanding Consumer Trends and Drivers of Behavior in the Indian Confectionery Market provides an overview of the market, analyzing market data, demographic consumption patterns within the category, and the key consumer trends driving consumption. The report highlights innovative new product developments that effectively target the most pertinent consumer need states, and offers strategic recommendations to capitalize on evolving consumer landscapes.
Key Findings
·         Indian consumers seek Confectionery products to meet their desire for additional Fun and Enjoyment .
·         Sugar Confectionery accounts for the highest share of volume consumption and Chocolate will register the fastest growth in the market.
·         Consumption of Confectionery is driven by the younger demographics.
·         Men over-consume Confectionery products compared to women.
·         Media has a strong influence in creating a connection between consumers and products.
·         Confectionery consumption will be driven by the growing desire to seek novel tastes and experiences.
·         Health has a positive influence on consumers' purchase of Gum.

Synopsis
Understanding Consumer Trends and Drivers of Behavior in the Indian Confectionery Market identifies the key demographic groups driving consumption, and what motivates their consumption. The report uses a unique method of quantifying consumer trends to highlight the degree of influence they have on consumption within the category. The report also identifies the most important trends within the market and shows whether beliefs over what influences consumer behavior within the category are accurate.
Get access to:
·         Key consumer demographic groups driving consumption within the Indian market. The figures showcase the number of times consumers of specific ages and genders consume Confectionery, as well as identifying whether these demographic groups "over" consume in the category (i.e. they account for a higher proportion of occasions than the proportion of society they represent overall).
·         Market value and volumes over 2008-2018 for India and nine other countries to give a global context.
·         The degree of influence that the 20 key consumer trends identified by Canadean have on Confectionery consumption volumes, with granular analysis on the extent that degree of influences varies between gender and age group.

Table Of Contents
Definitions
Category classification and demographic definitions
Summary methodology
Canadean has identified nine mega-trends that drive food choice: these can be broken down into 20 sub-trends
Market context
The need to indulge and seek additional Fun and Enjoyment is driving the Indian Confectionery market
The Indian Confectionery market, currently valued at INR74.5 billion, is forecast to register high growth during 2013-2018
Sugar Confectionery accounts for the highest share of volume consumption and Chocolate will register the fastest growth in the market
There were 24.8 billion Confectionery occasions in India with the majority of consumption driven by the young population
The Indian Confectionery market registers the highest growth rate, both in value and volume terms across major markets
The Indian Confectionery market is one of the fastest-growing markets globally

Demographic cohort consumption patterns
Men over-consume Confectionery products compared to women
Consumption of Confectionery is driven by the younger demographics
Both men and women can be classified as 'heavy frequency' consumers of Confectionery products
Although they have low per capita consumption, Older Consumers show the heaviest consumption frequency
Consumer trend analysis
Indian consumers seek Confectionery products to meet their desire for additional Fun and Enjoyment
Consumer trends influencing Confectionery consumption can be compared globally to highlight the degree of influence of each trend
The Changing Lifestyle mega-trend: The evolving needs of different age groups is a major driver of Confectionery consumption in India
The Connectivity mega-trend: Media has a strong influence in creating a connection between consumers and products

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