The Barry Callebaut Group has started construction of its new chocolate factory in Baramati, India. The facility is expected to be operational by mid-2020.
Once fully operational the 20,000 m2 facility will have an annual production capacity of over 30,000 tons of chocolate and compound, serving international food manufacturers, local confectioneries and semi-industrial bakers and patisseries.
The plant, the company said, will enable it to meet India’s increasing demand for chocolate and serve the needs of its customers.
According to Nielsen India is one of the fastest growing markets for the chocolate confectionery industry. Sales volume of chocolate confectionery in India grew +16% in 2018 (+6.5% CAGR 2013-2018). Euromonitor reports the chocolate confectionery market in India is expected to continue to grow over the next five years.
Ben De Schryver, President of Barry Callebaut in Asia Pacific, “As a global leader in the chocolate industry, we are excited about India’s great growth potential. The new factory will be one of our biggest locations in Asia and it will enable us to meet customers’ growing demands for high-quality chocolate in India. We are proud to deepen our presence here and to continue to invest in a country that has been so welcoming to us for more than a decade. Our expansion will support our business volume growth and ambition to become the leading industrial chocolate manufacturer in India. “
Dhruva Jyoti Sanyal, Managing Director for Barry Callebaut India, “India is an exciting market where innovation in chocolate is well received by consumers. As an innovation leader, we are proud to bring our innovative capabilities into a market where domestic chocolate production is increasing. We have experienced double-digit growth in India over the last three years. Our confidence in the future development of the chocolate market in India, together with the desire to better serve our customers in India, has prompted the expansion of our footprint and services.”