Mintel has revealed India is “defying the odds” as one of the world’s fastest growing chocolate confectionery markets, while the global market posts slow growth in recent years.
Character confectionery brand Yowie has returned to the Australia and New Zealand markets; brand owner the Yowie Group has also signed a partnership with the Wildlife Conservation Society (WCS).
Rajhans (Desai-Jain) Group has made its first foray into the confectionery industry by launching its Schmitten brand in India and it is hoping to become the domestic market leader in premium chocolate.
Lindt, Ferrero and artisanal chocolatiers could be set to profit from thriving demand for premium chocolate in Australia, market analysts Leatherhead Food Research say.
