CONFECTIONERY INDUSTRY

Indian confectionery industry worth Rs 1400 crore

Last updated: 02 February 2009

The organized sector of the confectionery market is estimated to be about Rs 1400 crore and it is estimated that the market is growing at a pace of 9 per cent per annum. The confectionery industry in India is the largest among the food processing industries. It has an annual turnover of around Rs 3,500 crores with huge potential to grow. (Including the orgainsed and the non-organised sector)
There are four categories of confectionery in the organised sector - chocolate confectionery, sugar confectionery, gum and cereal bars.
A large part of the confectionery industry in India comprise of the local subsidiaries of global confectionery majors like Perfetti, Lotte, Wrigley's and Cadbury.
Korean confectionery company Lotte India, acquired a 60.39 per cent in Parry`s Confectionery from the Murugappa group in January 2004 for Rs64.47 crore, and later another 20 per cent through an open offer.
One of the leading player in the Indian confectionery market is the Rs 125 crore Candico.
Candico started their operations in 1997, and now they are the largest
Confectionery company in India. In fact, Candico is a confectionery multinational headquartered in India with operations in 19 countries.
Candico is the only Indian confectionery company with production facilities overseas.
In June 2006, Godrej Foods & Beverages Limited acquired India's leading confectionery player, Nutrine Confectionery Company Private Limited.
In April, 2007, The Hershey Company, North America's leading chocolate and confectionery manufacturer, and Godrej Beverages and Foods Ltd., one of India's largest confectionery and food company and an associate of Godrej Industries Limited, announced a joint venture to manufacture and distribute confectionery, snacks and beverages across India. The joint venture is called Godrej Hershey Foods & Beverages Ltd.