Africa Milk Chocolate Market (2021-2027) | Analysis, Companies, COVID-19 IMPACT, Revenue, Growth, Forecast, Industry, Share, Trends, Size, Value & Outlook

Africa Milk Chocolate Market is anticipated to grow at a faster pace in upcoming years. With a recovery in economic growth and appreciation of the local currency, following the recession and severe depreciation, the chocolate market witnessed significant value growth in major African countries, such as Nigeria and South Africa. The rise in popularity of milk chocolate is due to its application in a variety of forms, including coatings, drizzles, chunks, and drops. Milk chocolate chips/drops/chunks can be used in cookies, pancakes, cakes, and various pastries. Milk chocolate are also found in many other retail food products, such as granola bars, ice cream, and trail mix, which is increasing the application of the same in these widely consumed product types. Two major growth drivers of African milk chocolate market are urbanization and consumer changing preferences. This is due to the improvement in economic growth, expanding modern retail shops, rapid urbanization, and a possible preference towards the westernized taste. Moreover, increasing investment by companies in attractive packaging would further propel the market growth. Africa is the largest cocoa producers in the world and contribute more than half of the total cocoa production worldwide, which give rise to an easy and affordable availability of high rich cocoa, which is one of the growth drivers in this region. Due to covid pandemic, closing down of manufacturing facilities have negatively impacted the supply chain but lockdown had a huge impact on people’s eating habits. They started stocking and staying home more often, which led to increasing in the consumption of commodities like chocolates.

According to 6Wresearch, Africa milk chocolate market is anticipated to register growth during 2021-27. The large population in the African countries, such as Nigeria contribute majorly to the increasing demand for milk chocolate. South Africa is a dominant market contributing to the overall growth of the milk chocolate market in Africa. Majority of the sales growth in the milk chocolate market in South Africa is attributed by the mass merchandisers, such as hypermarkets and supermarkets owing to a variety of chocolates and promotional schemes available to consumers at one place. The rising consumer awareness and increasing disposable income among the middle-income consumers, product innovation, as well as channel development by manufacturers, in order to reach a wider consumer base are some of the major factors that are expected to boost the sales of the chocolate market in South Africa in coming years.

Major players of this region is Nestle SA, Mondelez International Inc. Chocolade fabriken Lindt & Sprüngli AG, Tiger Brands Limited and The Hershey Company.

The distribution channels is segmented by hypermarkets & supermarkets, convenience stores, specialist retailers, online retail stores and others like e-Commerce, pharmacy, and dollar stores. Based on packaging the market is divided into flexible, rigid and paper & board. By product type, the milk chocolate market is segmented into candies, bars, chocolate-coated nuts, chocolate chips, softlines/selflines, boxed assortments, countlines, molded chocolates, seasonal chocolates and other product types. Based on its nature it is segmented into two categories conventional and organic. The milk chocolate market is segmented based on its application by pharmaceuticals, food and beverages, cosmetics and personal care. Geographical breakdown of the market includes South Africa, Nigeria, Ivory Coast, Ghana and West Africa 

The African milk chocolate market report thoroughly covers the market by packaging, form, nature, distribution channel, application and countries including South Africa, Kenya, Nigeria and rest of Africa. The African milk chocolate market outlook report provides an unbiased and detailed analysis of the on-going African milk chocolate market trends, opportunities/high growth areas, and market drivers, which would help the stakeholder to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Africa Milk Chocolate Market Outlook
• Market Size of Africa Milk Chocolate Market, 2020
• Forecast of Africa Milk Chocolate Market, 2027
• Historical Data and Forecast of Africa Milk Chocolate Revenues & Volume for the Period 2017 - 2027
• Africa Milk Chocolate Market Trend Evolution
• Africa Milk Chocolate Market Drivers and Challenges
• Africa Milk Chocolate Price Trends
• Africa Milk Chocolate Porter's Five Forces
• Africa Milk Chocolate Industry Life Cycle
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Nuts Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Liqueur Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Nuts Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Liqueur Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Nuts Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Liqueur Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Nuts Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Liqueur Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Type for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Nuts Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Liqueur Milk Chocolate for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Other for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Convenience Stores for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Online Stores for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Convenience Stores for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Online Stores for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Convenience Stores for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Online Stores for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Convenience Stores for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Online Stores for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Distribution Channel for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Supermarkets/Hypermarkets for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Specialty Stores for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Convenience Stores for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Online Stores for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Africa Milk Chocolate Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of South Africa Milk Chocolate Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Nigeria Milk Chocolate Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Kenya Milk Chocolate Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Application for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Residential for the Period 2017 - 2027
• Historical Data and Forecast of Rest of Africa Milk Chocolate Market Revenues & Volume By Commercial for the Period 2017 - 2027
• Africa Milk Chocolate Market - Key Performance Indicators
• Africa Milk Chocolate Market - Import Export Trade Statistics
• Africa Milk Chocolate Market - Opportunity Assessment By Countries
• Africa Milk Chocolate Market - Opportunity Assessment By Type
• Africa Milk Chocolate Market - Opportunity Assessment By Distribution Channel
• Africa Milk Chocolate Market - Opportunity Assessment By Application
• Africa Milk Chocolate Market - Top Companies Market Share
• Africa Milk Chocolate Market - Top Companies Profiles
• Africa Milk Chocolate Market - Comparison of Players in Technical and Operating Parameters
• Africa Milk Chocolate Market - Strategic Recommendations

Markets Covered

The market report covers the following segment:

• By Type:
  • Nuts Milk Chocolate
  • Liquer Milk Chocolate
  • Other

• By Distribution Channel:
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Stores
  • Others

• By Application:
  • Residential
  • Commercial

• By Countries:
  • South Africa
  • Kenya
  • Nigeria
  • Rest of Africa

Other Key Reports Available:

Reports
North America Milk Chocolate Market	Asia Pacific Milk Chocolate Market
Latin America Milk Chocolate Market	Middle East Milk Chocolate Market
Europe Milk Chocolate Market	Global Milk Chocolate Market

Frequently Asked Questions About the Market Study (FAQs):