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Global Milk Chocolate Industry Report: Analysis and Forecast 2022-2027

Global Milk Chocolate Industry Report: Analysis and Forecast 2022-2027

Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Milk Chocolate Industry Report

The global milk chocolate industry was valued to be worth USD 58.60 billion in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 3.8 percent, achieving a value of around USD 73.13 billion by 2027.

The milk chocolate industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The demand for unique dairy products, such as chocolate milk products, is always high since their contents are high in nutritional value. The product is a popular source of nourishment and energy for many consumers. Europe is the biggest category spender by region which is impelling the demand for the Milk products industry.

Milk Chocolate: Industry Definition and Segmentation

Milk chocolate is a type of solid chocolate that is mostly made from cocoa, sugar, and milk. It is associated with being a nutritious snack, particularly for children, with Flavour and texture being important elements in its popularity. It is high in nutrients and aids in memory enhancement, smoothing and hydrating the skin, lowering the risk of heart strokes and attacks, and strengthening the immune system. It is also high in flavonoids, which are antioxidants that eliminate free radicals from the bloodstream while increasing blood flow. It melts rapidly and has a creamier texture than plain or dark chocolates.

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Scope

The Milk chocolate industry report comprises segments by:

  • Type: Dairy-Based Chocolate Milk, and Non-Dairy Based Chocolate Milk
  • Region: North America, Europe, Asia Pacific, the Middle East, and Africa, and South America

Snapshot of the Report

The regional market for the sugar industry can be divided into North America, Europe, Asia Pacific, the Middle East, and Africa, and South America.

Read Full Report with Table of Contents: – https://www.procurementresource.com/reports/milk-chocolate-industry-report

Category Drivers

  • The sector is always challenged by healthier substitutes for the good but expanding marketing efforts and the launch of products that appeal to a diverse consumer base are propelling market demand.
  • Consumers are leaning toward low-fat, lactose-free varieties as the prevalence of health issues such as lactose intolerance rises globally, offering new market opportunities for global firms. Due to consumer demand, further product variations such as reduced-fat and fortified chocolate milk with low sugar and extra nutritional benefits are strengthening the market’s growth.
  • Other reasons such as increasing understanding of the nutritional content of items, product shelf life, and consumer desire for packaged and ready-to-eat goods are propelling the market forward.

Category Insight by Region

  • The product is also used in a variety of confectionary items such as cakes, milkshakes, croissants, and hot chocolate, which expands the market’s potential. The introduction of innovative items with ingredients such as orange, caramel, biscuits, and nuts is gaining momentum.
  • Product changes to make them more appealing, such as the introduction of bars, chips, cubes, and wafers, are increasing sales in the sector.
  • Other factors such as consumer demand for packaged meals, increases in disposable income, and spending on premium products are propelling the market forward.
  • However, issues such as consumer desire for dark chocolate due to better health benefits, increasing raw material costs, particularly cocoa, supply volatility, and political instability in cocoa-producing countries are likely to have a negative influence on the industry.

Best Procurement Practices

The Procurement Resource’s global Milk Chocolate industry report gives an extensive analysis of the best buying practices followed by Milk Chocolate supplying and consuming regions around the world, including engagement models, buyer, and supplier negotiation levers, and contract terms among others.

Category Management Analyses

The prominent companies in the market of milk chocolate are Ferrero Spa, Ezaki Glico Co., Ltd., Nestle S.A. Kinder Chocolate, Mondelez International, Blommer Chocolate Company, Lindt & Sprungli, Godiva, Barry Callebaut, and Stella Bernrain.

The industry report contains mergers and acquisitions, plant shutdowns, investments/divestments, capacity additions, and other latest developments in the market.

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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertake extensive research to provide our customers with the latest and up-to-date market reports, cost-models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele. We work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. We also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with the updated and reliable data. We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate, so that they can form strategies which ensure their optimum growth.

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Procurement Resource

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts.