A recent report published by Infinium Global Research on milk chocolate market provides an in-depth analysis of segments and sub-segments in the global as well as regional milk chocolate market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional milk chocolate market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global milk chocolate market. According to the report, the global milk chocolate market is projected to grow at a CAGR of 6.5% over the forecast period of 2019-2025.

Market Insight

Milk chocolate is produced with various forms of milk including condensed milk, liquid milk, and powder and is solid chocolate. Semisweet chocolate does not contain milk solids. In accordance with European Union regulations, milk chocolates must have at least 25% cocoa solids. Couverture is a term used for chocolates rich in cocoa butter. Milk chocolate is an important product in the dairy and chocolate industry.

The global milk chocolate market is primarily driven by many research & development studies that have identified and mentioned that milk chocolate reduces the risk of heart strokes & attacks and boosts memory. Moreover, milk chocolates sharpen memory, effectively hydrate & smoothen skin, and enhance the efficiency of the immune system is expected to fuel the market growth in the near future. However, the fluctuating price of the cocoa a high percentage of calories in milk chocolate is expected to hinder the demand for the global milk chocolate market. Nonetheless, flavonoids, a type of antioxidant found in milk chocolate which removing free radicals and stimulates the blood flow of the human body is anticipated to create a new opportunity for the global milk chocolate market.

On the basis of region, the global milk chocolate market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The Asia Pacific is estimated to be the fastest-growing region within the projected years owing to the fastest-growing food and dairy industry in the region and entry of global big brands in the region. Europe is accounted for the largest revenue share of the milk chocolate market owing to the large scale production and consumption in the region. Latin America is estimated to witness significant growth in the near future, as Brazil is one of the major producers and consumers for a chocolate product. In the region around 70% population are eating chocolate daily and around 80% are the milk chocolate of that.

Segment Covered

The report on global milk chocolate market covers segments such as form, nature, and application. On the basis of form, the sub-markets include chocolate coated nuts, bar, chocolate chips, candies, and other forms. On the basis of nature, the sub-markets include conventional, and organic. On the basis of application, the sub-markets include pharmaceuticals, food and beverages, cosmetics, and personal care.

Companies Profiled:

The report provides profiles of the companies in the market such as Nestle S.A., Ferrero SpA, Mondelez International, Ezaki Glico Co., Ltd., Kinder Chocolate, Blommer Chocolate Company, Godiva Chocolates, Brookside, Barry Callebaut, and Lindt.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of milk chocolate market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.