Milk Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global milk chocolate market was worth US$ 63.2 Billion in 2018, registering a CAGR of 3.4% during 2011-2018. Milk chocolate is one of the most popular cocoa products made from a mixture of sugar, chocolate liquor and condensed milk or whole milk powder. As compared to plain or dark chocolate, milk chocolate melts easily and has a lighter color and a creamier texture. The consumption of milk chocolate helps in boosting memory, smoothening and hydrating the skin, reducing the risk of heart strokes and attacks, and improving the immune system. In addition, it is a rich source of flavonoids, a type of antioxidants, which eliminate free radicals from the blood stream and improve the blood flow. On account of these benefits, coupled with the rising purchasing power of the consumers, there has been an increase in the consumption of milk chocolate across the globe.

Global Milk Chocolate Market Drivers:

In recent years, manufacturers have started introducing new variants of milk chocolate by combining it with other food items such as orange, caramel, cookies and nuts. Apart from this, they have also launched products in different shapes and sizes such as bars, chips, cubes and wafers. The availability of these variants has given a rise to the overall consumption of milk chocolate. Moreover, milk chocolate is increasingly being used for the formulation of a wide range of beverages and confectionery products, such as cakes, milkshakes, croissants and hot chocolate, which is contributing to the growth of the global milk chocolate market. However, a shift in consumer preferences towards dark chocolate, which is perceived to offer superior health benefits, can pose a threat to the consumption of milk chocolate in the upcoming years. By 2024, the market value is further projected to cross US$ 73 Billion, growing at a CAGR of 2.3% during 2019-2024.

Breakup by Distribution Channel:

Supermarkets and Hypermarkets

Convenience Stores

Non-Grocery Retailers

Others

The milk chocolate market has been segmented on the basis of distribution   channels which are currently dominated by supermarkets and hypermarkets. These stores offer numerous brands and types of milk chocolate to the consumers in one place. Supermarkets and hypermarkets are followed by convenience stores, non-grocery retailers and others.

Regional Insights:

Western Europe

North America

Eastern Europe

Asia

Latin America

Middle East and Africa

Australasia

On a geographical front, Western Europe represents the largest market for milk chocolate, holding the majority of the market share. This can be attributed to the increasing production of milk chocolate in countries like France and Germany. Western Europe is followed by North America, Eastern Europe, Asia, Latin America, Middle East and Africa, and Australasia.

Key Questions Answered in This Report:

1.  
2. How has the global milk chocolate market performed so far and how will it perform in the coming years?
3. What are the key regions in the global milk chocolate market?
4. What are the major distribution channels in the global milk chocolate market?
5. What are the price trends of milk chocolate?
6. What are the various stages in the value chain of the global milk chocolate industry?
7. What are the key driving factors and challenges in the global milk chocolate industry?
8. What is the structure of the global milk chocolate industry and who are the key players?
9. What is the degree of competition in the global milk chocolate industry?
10. What are the profit margins in the global milk chocolate industry?
11. What are the key requirements for setting up a milk chocolate manufacturing plant?
12. How is milk chocolate manufactured?
13. What are the various unit operations involved in a milk chocolate manufacturing plant?
14. What is the total size of land required for setting up a milk chocolate manufacturing plant?
15. What are the machinery requirements for setting up a milk chocolate manufacturing plant?
16. What are the raw material requirements for setting up a milk chocolate manufacturing plant?
17. What are the packaging requirements for milk chocolate?
18. What are the transportation requirements for milk chocolate?
19. What are the utility requirements for setting up a milk chocolate manufacturing plant?
20. What are the manpower requirements for setting up a milk chocolate manufacturing plant?
21. What are the infrastructure costs for setting up a milk chocolate manufacturing plant?
22. What are the capital costs for setting up a milk chocolate manufacturing plant?
23. What are the operating costs for setting up a milk chocolate manufacturing plant?
24. What will be the income and expenditures for a milk chocolate manufacturing plant?
25. What is the time required to break-even?