India's growing chocolate market might grow a little bit quicker.

In its The Future of the Confectionery Market in India to 2017 report, Canadean, a UK-based market research group, predicts the Indian confectionery sector will post strong double-digit compound annual growth rates (CAGR) for both value and volume — 18.2% and 14.5% respectively — between 2012-2017. The category is the expected to be the third fastest growing segment of the 15 food sectors monitored by Canadean in the country, but will remain as the fourth largest market sector.