The global milk chocolate market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 12.2 billion by 2030. The market is driven by factors such as increasing demand for premium chocolates and growing health consciousness among consumers. The market is also witnessing an increase in demand for organic milk chocolate due to its natural ingredients and absence of artificial flavors or colors. Nuts Milk Chocolate segment accounted for the largest share in the global milk chocolate market in 2017, followed by Classic Milk Chocolate segment. Nuts Milk Chocolate segment was valued at USD 4 billion in 2017 and is expected to grow at a CAGR of 3% during the forecast period, reaching USD 5 billion by 2030. This growth can be attributed to increasing preference for nut-based chocolates among consumers owing to their high nutritional value and low sugar content compared with other types of chocolates such as classic milk chocolate or dark chocolate segments which are high on sugar content but low on nutritional value.
Some Of The Growth Factors Of This Market:
- Milk chocolate is a popular flavor in the confectionery industry, and it has been growing in popularity over the past few years.
- Milk chocolate is often used as an ingredient in other products such as ice cream, cookies, and cakes.
- The demand for milk chocolate has increased due to its health benefits.
- Milk chocolate can be consumed by people with lactose intolerance.
Industry Growth Insights published a new data on “Milk Chocolate Market”. The research report is titled “Milk Chocolate Market research by Types (Nuts Milk Chocolate, Classic Milk Chocolate, Others), By Applications (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), By Players/Companies Mondel?z, Mars Inc, Ferrero, Lindt?Sprüngli, Unilever, Ezaki Glico, Nestle, Ludwig Schokolade (Krüger), Meiji Holdings, Hershey's, Kinder Chocolate, Grupo Arcor, Blommer Chocolate Company (Fuji Oil), Godiva Chocolates, Barry Callebaut”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Milk Chocolate Market Research Report
By Type
Nuts Milk Chocolate, Classic Milk Chocolate, Others
By Application
Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others
By Companies
Mondel?z, Mars Inc, Ferrero, Lindt?Sprüngli, Unilever, Ezaki Glico, Nestle, Ludwig Schokolade (Krüger), Meiji Holdings, Hershey's, Kinder Chocolate, Grupo Arcor, Blommer Chocolate Company (Fuji Oil), Godiva Chocolates, Barry Callebaut
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Milk Chocolate Market Report Segments:
The global Milk Chocolate market is segmented on the basis of:
Types
Nuts Milk Chocolate, Classic Milk Chocolate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mondel?z
- Mars Inc
- Ferrero
- Lindt?Sprüngli
- Unilever
- Ezaki Glico
- Nestle
- Ludwig Schokolade (Krüger)
- Meiji Holdings
- Hershey's
- Kinder Chocolate
- Grupo Arcor
- Blommer Chocolate Company (Fuji Oil)
- Godiva Chocolates
- Barry Callebaut
Highlights of The Milk Chocolate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Nuts Milk Chocolate
- Classic Milk Chocolate
- Others
- By Application:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Milk Chocolate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Milk chocolate is a type of chocolate that is made from cocoa butter and milk. It has a smooth, creamy texture and a sweet taste.
Some of the major players in the milk chocolate market are Mondel?z, Mars Inc, Ferrero, Lindt?SprƒÂ¼ngli, Unilever, Ezaki Glico, Nestle, Ludwig Schokolade (KrƒÂ¼ger), Meiji Holdings, Hershey's, Kinder Chocolate, Grupo Arcor, Blommer Chocolate Company (Fuji Oil), Godiva Chocolates, Barry Callebaut.
The milk chocolate market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Milk Chocolate Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Milk Chocolate Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Milk Chocolate Market - Supply Chain
4.5. Global Milk Chocolate Market Forecast
4.5.1. Milk Chocolate Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Milk Chocolate Market Size (000 Units) and Y-o-Y Growth
4.5.3. Milk Chocolate Market Absolute $ Opportunity
5. Global Milk Chocolate Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Milk Chocolate Market Size and Volume Forecast by Type
5.3.1. Nuts Milk Chocolate
5.3.2. Classic Milk Chocolate
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Milk Chocolate Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Milk Chocolate Market Size and Volume Forecast by Application
6.3.1. Supermarkets/Hypermarkets
6.3.2. Specialty Stores
6.3.3. Convenience Stores
6.3.4. Online Stores
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Milk Chocolate Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Milk Chocolate Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Milk Chocolate Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Milk Chocolate Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Milk Chocolate Demand Share Forecast, 2019-2026
9. North America Milk Chocolate Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Milk Chocolate Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Milk Chocolate Market Size and Volume Forecast by Application
9.4.1. Supermarkets/Hypermarkets
9.4.2. Specialty Stores
9.4.3. Convenience Stores
9.4.4. Online Stores
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Milk Chocolate Market Size and Volume Forecast by Type
9.7.1. Nuts Milk Chocolate
9.7.2. Classic Milk Chocolate
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Milk Chocolate Demand Share Forecast, 2019-2026
10. Latin America Milk Chocolate Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Milk Chocolate Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Milk Chocolate Market Size and Volume Forecast by Application
10.4.1. Supermarkets/Hypermarkets
10.4.2. Specialty Stores
10.4.3. Convenience Stores
10.4.4. Online Stores
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Milk Chocolate Market Size and Volume Forecast by Type
10.7.1. Nuts Milk Chocolate
10.7.2. Classic Milk Chocolate
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Milk Chocolate Demand Share Forecast, 2019-2026
11. Europe Milk Chocolate Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Milk Chocolate Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Milk Chocolate Market Size and Volume Forecast by Application
11.4.1. Supermarkets/Hypermarkets
11.4.2. Specialty Stores
11.4.3. Convenience Stores
11.4.4. Online Stores
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Milk Chocolate Market Size and Volume Forecast by Type
11.7.1. Nuts Milk Chocolate
11.7.2. Classic Milk Chocolate
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Milk Chocolate Demand Share, 2019-2026
12. Asia Pacific Milk Chocolate Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Milk Chocolate Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Milk Chocolate Market Size and Volume Forecast by Application
12.4.1. Supermarkets/Hypermarkets
12.4.2. Specialty Stores
12.4.3. Convenience Stores
12.4.4. Online Stores
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Milk Chocolate Market Size and Volume Forecast by Type
12.7.1. Nuts Milk Chocolate
12.7.2. Classic Milk Chocolate
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Milk Chocolate Demand Share, 2019-2026
13. Middle East & Africa Milk Chocolate Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Milk Chocolate Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Milk Chocolate Market Size and Volume Forecast by Application
13.4.1. Supermarkets/Hypermarkets
13.4.2. Specialty Stores
13.4.3. Convenience Stores
13.4.4. Online Stores
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Milk Chocolate Market Size and Volume Forecast by Type
13.7.1. Nuts Milk Chocolate
13.7.2. Classic Milk Chocolate
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Milk Chocolate Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Milk Chocolate Market: Market Share Analysis
14.2. Milk Chocolate Distributors and Customers
14.3. Milk Chocolate Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mondel?z
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mars Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ferrero
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Lindt?Sprüngli
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Unilever
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ezaki Glico
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Nestle
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ludwig Schokolade (Krüger)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Meiji Holdings
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hershey's
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kinder Chocolate
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Grupo Arcor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Blommer Chocolate Company (Fuji Oil)
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Godiva Chocolates
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Barry Callebaut
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook