Report Code: A03250 | Pages: NA | ||
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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.
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.
The report segments the market on the basis of type, distribution channel, application geography. Based on type, the market is categorized into nuts milk chocolate, liqueur milk chocolate, and others. By distribution channel, it is classified into supermarkets/hypermarkets, specialty stores, convenience stores, online stores, and others. In terms of application, it is bifurcated into residential and commercial. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Milk Chocolate Market Report Highlights
Aspects | Details |
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By Type |
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By DISTRIBUTION CHANNEL |
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By APPLICATION |
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By Region |
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Key Market Players | GODIVA, EZAKI GLICO CO., LTD., BLOMMER CHOCOLATE COMPANY, LINDT & SPRUNGLI, MONDELEZ INTERNATIONAL, FERRERO SPA, KINDER CHOCOLATE, NESTLE S.A., STELLA BERNRAIN, BARRY CALLEBAUT |
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