New Delhi, March 25 -- India's chocolate story is undergoing a quiet but significant transformation. What was once driven largely by consumption and indulgence is now evolving into a more nuanced, ingredient-led narrative-one that sits at the intersection of agriculture, food processing, and a rapidly modernizing food service ecosystem.
At the heart of this shift is a broader structural change in India's food economy. The bakery and confectionery segment is growing at an estimated 8-10% annually, with premium and artisanal categories expanding even faster in urban centres. Simultaneously, India's food processing industry-already valued at over USD 800 billion-is moving up the value chain, with increasing investments in specialty ingredient...