This report provides exclusive insights into the COVID-19 impact on the Milk Chocolate Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Milk Chocolate Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Milk Chocolate Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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
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.
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.
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.