New Delhi: Valentine Week is all set to start on February 7, 2025 with Rose Day being celebrated on Friday. Every year, from February 7-14, the sales of products like flowers, chocolates, and cards increase exponentially. Chocolate Day is celebrated on 9th February, and the demand for chocolate on this day skyrockets.
Though the sale of chocolates in India is quite high, the chocolate items worth billions are sold in the Valentine’s Week. Let us know in detail how big the chocolate market in India is and how much business is done during this time period.
India Chocolate Market
The chocolate market in India reached 2.6 billion US dollars i.e. Rs 21 lakh crore in 2023. With the rising demand, IMARC Group expects the chocolate market to reach US$5.3 billion by 2032, growing at a growth rate (CAGR) of 7.7% during 2024-2032. According to the report, milk chocolate is the most popular type of product in the India chocolate market.
IMARC Group in its report stated that the India chocolate market growth is because of the middle class and the corresponding rise of disposable incomes among Indians. “The youthful demography characterized by Western influence is also driving chocolate consumption,” it added.
The chocolate market is growing at a rapid pace due to the rise of e-commerce platforms across the country and demand for domestic and international chocolate products. White chocolate and milk chocolate have a significant share in the total market. The most popular chocolate brands in India are Cadbury, Nestle, Ferrero Rocher, Amul, Parle, Mars and Hershey.
In Valentine’s week, the chocolate business significantly increases. Many chocolate making companies launch special chocolate gift boxes during this time. The price of chocolate on Valentine’s Day ranges from Rs 50 to Rs 3,000, depending upon the size and quality. Along with chocolates, the sale of roses goes high on Valentine’s Day.
India’s chocolate market is booming, projected to reach US$5.3 billion by 2032. Driven by a growing middle class and e-commerce, Valentine’s Week sees a dramatic surge in sales. Popular brands like Cadbury and Nestle dominate, with milk chocolate leading the way. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
