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CeFA India: Holding The Roots & Aiming For The Sky
Tremendous credit to rapid urbanization and high-demand from middle-class consumers, the Indian Sweet & Snack Industry is currently valued at $1.5 billion annually with a CAGR of 9 percent per annum for the Confectionery Industry. Although the global confectionery market is facing a slight decline in sales due to the disruption in the supply chain caused by the COVID-19 pandemic, the purchase of soft-boiled confectionery (everyday chocolates and toffees) has been witnessing steady growth because of the presence of children in quarantine period.
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