INDIA’S GROWING POPULATION AND ECONOMY MAJOR PRIZE FOR CONFECTIONERY INDUSTRY
October 22nd, 2023
The Indian confectionery industry, which according to London-based market researcher Euromonitor International, is expecting sales of Indian Rupees INR335.92 billion (USD4.05 billion) in 2023, up 13.4% year-on-year, excelling with consolidation, automation and advanced packaging.
Growth is seen in almost every confectionery and sweet bakery segment, as per Euromonitor data. It is supported by a rising population – now the world’s largest by country at over 1.425 billion (UN estimate), with expanding incomes among the country’s middle class of up to 456 ...
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