Global Milk Chocolate Market Expected to Reach Approximately US$ 95 Bn by 2026

ALBANY, USA, 2018-Apr-09 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has been acting as an impressive data source when it comes to evaluating various industrial verticals. The research report titled “Milk Chocolate Market” offers a clear insight about the Milk Chocolate assessed over the global platform. This analysis proves beneficial for readers & new investors who are aiming to enter the market for Milk Chocolate in the near future.

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Among the vast variety of chocolates and flavored cocoa products consumed in the world, milk chocolate has carved its significant space in the global consumer marketplace. From food & beverages to pharmaceuticals, and even cosmetics, milk chocolate has spanned its applications across diverse industrial verticals. New formulations for milk chocolate are being tested to extend their scope in terms of flavor, taste and nutrition. The global market for milk chocolate is likely to incur sharp value growth in the coming years, particularly when milk chocolate products are penetrating dietary lifestyles of consumers across the globe.

Transparency Market Research’s exclusive forecast study on the global milk chocolate market is a comprehensive report that traces the evolution of demand for milk chocolate and maps its growth in the near future. The research offers valuable information on how the global milk chocolate market will expand during the assessment period, 2017-2026. Information provided in the report reflects the latest market trends and addresses to the objective concerns of milk chocolate producers.

A key trend influencing the manufacturing of milk chocolate is the growing demand for a variety of flavors to satisfy the taste buds of diverse consumer bases across the globe. In the coming years, milk chocolate producers will be adhering to the standardized formulas and won’t let new formulations impact their product safety and quality. The milk chocolate of tomorrow will contain near-equal amounts of chocolate liquor and milk solids, and less than 4% of milk fats to keep it trending among health-conscious consumers.

Global Milk Chocolate Market: Insights on Geographic Expansion (2017-2026)

Majority of milk chocolate will be produced and consumed in Europe, followed by North America and the Asia-Pacific excluding Japan (APEJ) region. The report estimates that during the period of assessment, 2017-2026, the milk chocolate market in Europe will reflect high value growth at a CAGR of 6.8%.

• In 2017, nearly 18% of the world’s milk chocolate was consumed in the US alone
• Europe will represent growth higher than that of the global milk chocolate market, which is pegged to showcase a value CAGR of 6.2% over the forecast period
• France and Germany will be the largest consumer marketplaces for milk chocolate in Europe, collectively reflect a regional market value share of nearly 55% through 2026
• APEJ will be the second fastest-growing milk chocolate market in the world
• The APEJ milk chocolate market will be characterized by high end-use of milk chocolate in food & beverage sectors of India and China, which will bring in more than 70% of the region’s market value by 2026-end

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Prominent milk chocolate producers in the world are based in European countries. Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, Unilever, Barry Callebaut, Ferrero SpA, and Chocolatiers (UK) Ltd. are key players in the global milk chocolate market, which are based in European countries such as the UK, Italy, Switzerland, and the Netherlands. In addition, companies namely, Mars, Inc., Mondel?z International, Meiji Co Ltd, Hershey Co, Blommer Chocolate Company, and Ezaki Glico are also observed as major milk chocolate producers in the world.

Overview of Product-Type Analysis: Conventional Milk Chocolate vs Organic Milk Chocolate

The report estimates that certification is a key characteristic that distinguishes organic milk chocolate from conventional milk chocolate. Organic milk chocolate derived from organic farming and diary practices will remain expensive in the future. Conventional milk chocolate, on the other hand, will be more affordable and offered across a wider variety of flavors. Consumers may be attracted towards organic milk chocolate for the minimal processing involved, whereas milk chocolate made from conventional techniques will witness a sharp increase in demand due to the presence of preservatives and for offering better taste. Over the forecast period, the consumption of conventional products is expected to remain considerable higher than organic products in the global milk chocolate market.

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