What is Milk Chocolate Market?
Milk chocolate is made by combining chocolate liquor, cocoa butter sugar, flavorings, and sweetened condensed or powdered whole milk which may be in the form of boiled milk, milk powder, or condensed milk. While making milk chocolate sugar and milk are blended together, then they are mixed with chocolate liquor and flavorings, and then the mixture is sent through the standard conching and refining processes. The United Government requires a 10% concentration of chocolate liquor in milk chocolate. Milk chocolate has various advantages such as memory booster, smoothening and hydrating the skin, improve blood flow, reduces the risk of heart strokes and attacks. The factors such as Increasing Consumption of Milk Chocolate Worldwide, Increased Disposable Income of the People, and Rise in the Promotional Activities by the Manufacturers are the key drivers for the global Milk Chocolate market. However, Fluctuating Prices Of Cocoa may restrain the market growth.
Highlights from Milk Chocolate Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Ferrero SpA (Italy), Nestle S.A. (Switzerland), Ezaki Glico Co., Ltd. (Japan), Mondelez International (United States), Blommer Chocolate Company (United States), Lindt (Switzerland), Godiva Chocolates (United States), Barry Callebaut (Switzerland), Brookside Dairy Limited (Kenya) and The Hershey Company (United States) |
Research Analyst at AMA predicts that Switzerland Vendors will contribute to the maximum growth of Global Milk Chocolate market throughout the forecasted period.
Ferrero SpA (Italy), Nestle S.A. (Switzerland), Ezaki Glico Co., Ltd. (Japan), Mondelez International (United States), Blommer Chocolate Company (United States), Lindt (Switzerland), Godiva Chocolates (United States), Barry Callebaut (Switzerland), Brookside Dairy Limited (Kenya) and The Hershey Company (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Meiji Holdings Co., Ltd. (Japan) and Stollwerck GmbH. Milk Chocolate Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Food and Beverages, Personal Care and Cosmetics and Pharmaceuticals |
Type | Conventional Milk Chocolate and Organic Milk Chocolate |
Distribution Chanel | Offline,Online |
Form | Bar,Candies,Chocolate Coated Nuts,Chocolate Chips,Other |
On the basis of geography, the market of Milk Chocolate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend of Attractive Packaging of Milk Chocolates
Market Growth Drivers:
Increasing Consumption of Milk Chocolate Worldwide, Increased Disposable Income of the People and Rise in the Promotional Activities by the Manufacturers
Challenges:
Encountering Widespread Government Regulation and Competitive Pressure
Restraints:
Fluctuating Prices Of the Cocoa
Opportunities:
Growing Awareness about Health Benefits of Chocolate, Growing Online Sales of Chocolates and Robust Increase in the Distribution Channels
Key Target Audience
Milk Chocolate Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user