Market Forecast By Type (Nuts Milk Chocolate, Liqueur Milk Chocolate, Other), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), By Application (Residential, Commercial), By Regions (Asia Pacific, North America, Latin America, Middle East, Africa And Europe) And Competitive Landscape
Product Code: ETC115005 | Publication Date: Sep 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Milk Chocolate Market is expected to register growth in the coming years. Milk chocolate is one of the most popular cocoa products, made from a mixture of sugar, chocolate liquor and condensed milk or milk powder. Where plain or dark chocolate takes time, milk chocolate melts easily and has a lighter color and a creamier texture. The consumption of milk chocolate has many health benefits such as it helps in boosting memory, smoothening and hydrating the skin, reducing the risk of heart strokes and attacks, and improving the immune system. Recently manufacturers come up with new variants of milk chocolate by mixing it with other food items such as orange, caramel, cookies and nuts. Additionally, they started presenting milk chocolate in different shapes and sizes such as bars, chips, cubes and wafers, which have resulted in a rise in demand for such variances because the shape and size of the chocolate have a significance in its taste. Moreover, milk chocolate is being use heavily for making of a wide range of beverages and confectionery products, such as cakes, milkshakes, croissants and hot chocolate, which has resulted an increase in consumption and to the growth of the global milk chocolate market. However, there has been a shift in consumer preferences towards dark chocolate because it is perceived to offer superior health benefits as compare to milk chocolate and this can pose a threat to the consumption of milk chocolate. The Covid19 pandemic has transformed the market landscape. The closing down of manufacturing facilities have negatively affected the supply chain but lockdown had a huge impact on people’s eating habits. They started stocking and staying home more, which led to increasing in the consumption of commodities like chocolates.
According to 6Wresearch, Global Milk Chocolate Market is anticipated to register growth during 2021-27. Europe have the largest share in global milk chocolate market, both in terms of consumption and production, due to the growing demand by the its food and beverage industry. This region is expected to show substantial growth in coming years, because of the increasing popularity of milk chocolate among its regional consumers. The UK, France, and Germany are the key leading countries in the global market. North America also states its name among the leading regions and holds a major market share, due to the high demand raised by the food and beverage and cosmetic industries. Most of the essential players in this region are based in USA. The Asia Pacific region is expected to witness substantial growth rate in upcoming future, because of its expansion in food and beverage industry. India and China are two main countries of the Asia Pacific market. Latin America is also expected to show a sensible growth over the coming period, whereas Brazil ranks high globally, in terms of both chocolate production and consumption. The Middle East and African region have shown a notable growth in recent years, due to the flourishing cosmetic industry in Dubai. This has proved to spur the growth of milk chocolate market for this region, as its consumption helps in hydrating skin and improving the immune system. Futhermore in June 2019, Mondelez launched a new variant of chocolate having 30% less sugar in UK and India market. The organization is focussing on the consumers who are health conscious and prefer less sweetness in their chocolate. Some key players operating in the milk chocolate market are Ezaki Glico, Kinder Chocolate, Blommer Chocolate, Godiva Chocolates, Stella Bernrain, and Nestle.
The global milk chocolate market is segmented on the basics of by form, nature, distribution channel and end user. By product type, the milk chocolate is divided into candies, bars, chocolate-coated nuts, chocolate chips and others. Based on its nature it is segmented into two categories conventional and organic. Moreover, the milk chocolate market has been segmented on the basis of distribution channels which are currently dominated by supermarkets and hypermarkets. These stores offer many brands and many variances of milk chocolate to the consumer in one place. Supermarkets and hypermarkets are followed by convenience stores, non-grocery retailers and others. End user segment is distributed into residential user and commercial users. By region the global milk chocolate market is classified into North America, Europe, Asia-Pacific, Latin America, The Middle East and Africa.
The Global milk chocolate market report thoroughly covers the market by form, nature, distribution channel, end user and regions including North America, Europe, Asia-Pacific, Latin America, The Middle East and Africa. The Global milk chocolate market outlook report provides an unbiased and detailed analysis of the on-going Global 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.
Markets Covered
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1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Milk Chocolate Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Milk Chocolate Market Revenues & Volume, 2020 & 2027F |
3.3 Global Milk Chocolate Market - Industry Life Cycle |
3.4 Global Milk Chocolate Market - Porter's Five Forces |
3.5 Global Milk Chocolate Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Global Milk Chocolate Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Global Milk Chocolate Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.8 Global Milk Chocolate Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 Global Milk Chocolate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Milk Chocolate Market Trends |
6 Global Milk Chocolate Market, 2017 - 2027 |
6.1 Global Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Global Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.3 Global Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
7 North America Milk Chocolate Market, 2017 - 2027 |
7.1 North America Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 North America Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.3 North America Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
8 Latin America Milk Chocolate Market, 2017 - 2027 |
8.1 Latin America Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Latin America Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.3 Latin America Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
9 Middle East Milk Chocolate Market, 2017 - 2027 |
9.1 Middle East Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Middle East Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.3 Middle East Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
10 Africa Milk Chocolate Market, 2017 - 2027 |
10.1 Africa Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Africa Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.3 Africa Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
11 Asia Pacific Milk Chocolate Market, 2017 - 2027 |
11.1 Asia Pacific Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
11.2 Asia Pacific Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11.3 Asia Pacific Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
12 Europe Milk Chocolate Market, 2017 - 2027 |
12.1 Europe Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
12.2 Europe Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12.3 Europe Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
13 Global Milk Chocolate Market, 2017 - 2027 |
13.1 Global Milk Chocolate Market, Revenues & Volume, By Type, 2017 - 2027 |
13.2 Global Milk Chocolate Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13.3 Global Milk Chocolate Market, Revenues & Volume, By Application, 2017 - 2027 |
14 Global Milk Chocolate Market Key Performance Indicators |
15 Global Milk Chocolate Market - Opportunity Assessment |
15.1 Global Milk Chocolate Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Global Milk Chocolate Market Opportunity Assessment, By Type, 2020 & 2027F |
15.3 Global Milk Chocolate Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
15.4 Global Milk Chocolate Market Opportunity Assessment, By Application, 2020 & 2027F |
16 Global Milk Chocolate Market - Competitive Landscape |
16.1 Global Milk Chocolate Market Revenue Share, By Companies, 2020 |
16.2 Global Milk Chocolate Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |