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Milk Chocolate Market Opportunities, Challenges, Forecast and Strategies To 2026

Press Release

Milk chocolate is solid chocolate produced with milk in multiple forms such as milk powder, liquid milk, and condensed milk. Milk chocolate is sweet that contains cocoa butter, sugar, and milk, but no cocoa solids. Semisweet chocolate does not contain milk solids. Couverture is a term used for chocolates rich in cocoa butter. Moreover, in accordance with EU Regulations, milk chocolates consist of 25% cocoa solids.

This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global milk chocolate market to identify the prevailing market opportunities. Major countries in each region are mapped according to individual market revenue. Comprehensive analysis of factors that drive and restrict the market growth is provided. An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors. Key players and their key developments in the recent years are listed.

The market is witnessing stringent growth, owing to health benefits offered by milk chocolate. In addition, various R&D studies have identified that milk chocolate boosts memory and reduces the risk of heart attacks & strokes, which fuel the market growth. In addition, milk chocolates effectively hydrate & smoothen skin, sharpens memory, and improves the overall efficiency of immune system, which fuel its demand, thereby driving the market growth. In addition, flavonoids, a type of antioxidants found in milk chocolate stimulate the flow of blood by removing free radicals, which propels the growth of the market. In addition, increase in disposable income of consumers in regions of Asia-Pacific is expected to supplement the market growth. Furthermore, multinational brands such as Mondelez and Hersheys have gained popularity in these countries, owing to change in taste preferences and increase in brand loyalty, which accelerate the market growth. However, fluctuating price of cocoa is expected to restrain the market growth.

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Milk Chocolate Market Key Segments:

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 Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of Asia-Pacific

Some Of The Key Players In The Global Market Include:

  • Ferrero SpA
  • Ezaki Glico Co., Ltd.
  • Nestle S.A.
  • Kinder Chocolate
  • Mondelez International
  • Blommer Chocolate Company
  • Lindt
  • Godiva Chocolates
  • Barry Callebaut
  • Stella Bernrain
  • Brookside

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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