New York, NY, July 26, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Milk Chocolate Market by Form (Bar, Candies, Chocolate Coated Nuts, Chocolate Chips, and Others), By Nature (Organic and Conventional), By Application (Food & Beverages, Personal Care, Pharmaceuticals and Cosmetics), and by Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global milk chocolate market accounted for USD 57.95 billion in 2018 and is expected to reach around USD 90.65 billion by 2025, at a CAGR of 6.6% between 2019 and 2025.
Milk chocolate is among the prominent products in the chocolate and dairy industry. It is produced by mixing solid chocolate with different milk forms like liquid, powdered, and condensed milk. The global milk chocolate market is expected to show substantial growth over the forecast time period, owing to the growing consumer demand for different flavored chocolates. This has paved the way for different varieties of chocolates in the milk chocolate market globally. Moreover, various benefits of milk chocolate in the cosmetic and pharmaceutical sectors are also boosting the market growth. However, the considerable shift toward dark chocolate in recent years may prove to a threat to the milk chocolate market.
Browse through 71 Tables & 36 Figures spread over 120 Pages and in-depth TOC on “Global Milk Chocolate Market Size & Share 2018: By Form, Types, Industry Growth, Analysis and Forecast to 2025”.
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The global milk chocolate market is fragmented based on form, nature, application, and distribution channel. By form, the global milk chocolate market includes a bar, chocolate coated nuts, candies, chocolate chips, and others. The presence of all these forms has presented the consumers with a variety of choices, which has increased the overall milk chocolate consumption. Milk Chocolate bars and candies are the most common consumer choices, due to their easy availability and cost-friendliness.
On the basis of nature, the global market is categorized into organic and conventional. Conventional milk chocolate has maximum market applications, due to its easy preparation and cost-friendly nature. Alternatively, organic milk chocolate is gaining popularity among the consumer, due to its various health benefits, and is expected to show significant growth over the forecast time period.
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Based on application, the milk chocolate market is classified into food and beverages, pharmaceuticals, cosmetics, and personal care. The food and beverage industry dominates the milk chocolate market globally. This can be attributed to a wide range of milk chocolate applications in the preparation of milkshakes, cakes, hot chocolate, and other bakery products. Additionally, the demand for milk chocolate has increased in the pharmaceutical sector, owing to the medicinal properties of milk chocolate, as its consumption helps in hydrating the skin, boosting memory, and reducing heart attack risk.
The distribution channel segment comprises business-to-business, hypermarkets/supermarkets, specialty retail, e-commerce, and other retail formats. Supermarkets and hypermarkets dominate the market globally, due to their offering of different types and brands of milk chocolate. The growing smartphone usage is driving the e-commerce segment, as consumers prefer to shop for various products from the comforts of their home.
Browse the full “Milk Chocolate Market by Form (Bar, Candies, Chocolate Coated Nuts, Chocolate Chips, and Others), By Nature (Organic and Conventional), By Application (Food & Beverages, Personal Care, Pharmaceuticals and Cosmetics), and by Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/milk-chocolate-market
Europe dominates the global milk chocolate market, both in terms of consumption and production, owing to the growing demand for milk chocolate by the region’s food and beverage industry. The region is expected to show the highest CAGR, about 6.9%, over the forecast time period, owing to the growing popularity of dairy-based chocolates among the regional consumers. The UK, France, and Germany are the key countries in the region.
North America is also among the leading regions, in terms of milk chocolate consumption, in the global milk chocolate market. The region holds a significant market share, owing to its high milk chocolate demand in food and beverage and cosmetic industries. Most of the key players in this region are based in the U.S., which accounts for 18% of the total milk chocolate market globally.
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The Asia Pacific region is expected to witness a high growth rate over the projected timeframe, owing to the expansion of the regional food and beverage industry. India and China are the main countries in the region and hold about 70% of the Asia Pacific market.
Latin America too is expected to show reasonable growth over the forecast time period, as Brazil ranks high globally, in terms of chocolate production and consumption. In Brazil, more than 70% of people consume chocolate on a daily basis and milk chocolate accounts for 80% of this consumption.
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The Middle East and African region has shown significant market growth in recent years, due to the flourishing cosmetic industry in Dubai. This has proved to be a boon for the region’s milk chocolate market, as its consumption helps in hydrating skin and improving the immune system.
Some key players operating in the milk chocolate market are Ezaki Glico, Kinder Chocolate, Blommer Chocolate, Godiva Chocolates, Stella Bernrain, and Nestle.
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This report segments the global milk chocolate market into:
Global Milk Chocolate Market: Form Analysis
- Bar
- Candies
- Chocolate Coated Nuts
- Chocolate Chips
- Others
Global Milk Chocolate Market: Nature Analysis
- Organic
- Conventional
Global Milk Chocolate Market: Application Analysis
- Food and Beverages
- Personal Care
- Pharmaceuticals
- Cosmetics
Global Milk Chocolate Market: Distribution Channel Analysis
- Hypermarkets/Supermarkets
- Business-To-Business
- E-Commerce
- Specialty Retail
- Other Retail Formats
Global Milk Chocolate Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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