Global Milk Chocolate Market Overview 2018, Demand by Regions, Types and Analysis of Key Players

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    Global Milk Chocolate Market Propelled by
Rising Product Innovations

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Report Description and Highlights
Report Description
Global Milk Chocolate Market Propelled by Rising
Product Innovations Global Milk Chocolate Market
Propelled by Rising Product Innovations Chocolate,
made from the fruit of a tropical tree called
Theobroma cacao, is one of the most popular sweet
treats consumed across the globe. Currently,
there are different types of chocolates available
to the consumers differentiated on the basis of
cocoa content present in them, such as milk
chocolate, white chocolate and dark chocolate.
Amongst these, milk chocolate first came into
recognition in the later-1800s when confectioners
Daniel Peter and Henri Nestle used condensed milk
to develop the first solid milk chocolate. It is
prepared by adding liquid milk, condensed milk or
milk powder along with sugar, chocolate liquor,
and cocoa solids. According to IMARC Group, the
global milk chocolate market reached a value of
US 61.4 Billion in 2017. Looking forward, the
milk chocolate market is further expected to
reach a value of more than US 76 Billion by
2023, at a projected CAGR of nearly 4 during
2018-2023. Want more information about this
market? Request a free report sample
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Health Benefits Offered by Milk Chocolates to
Drive the Market Over the years, it has been
discovered that milk chocolate offers numerous
health benefits including smooth skin, improved
immune system, enhanced memory as well as reduced
risk of strokes and heart attacks. This is one of
the major factors which has been driving the
growth of the milk chocolate market. Apart from
this, manufacturers have started introducing new
flavours of milk chocolate such as caramel,
orange, etc. They have also shifted their focus
towards producing bite-sized versions of these
chocolates particularly for consumers who want to
track their calorie intake. These factors have,
in turn, contributed towards an augmented demand
for milk chocolate across the globe. Moreover,
the high festive and seasonal sales represent
another major milk chocolate market trend which
has been witnessed during the recent years.
However, cocoa, the main raw material used for
the production of milk chocolate, can only be
grown in specific environmental conditions which
acts as a hindrance for the growth of the
market.Read more here https//www.imarcgroup.co
m/milk-chocolate-market
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Report Description and Highlights
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Distribution Channel Insights According to the
milk chocolate market analysis, there are various
means through which consumers can purchase milk
chocolates, such as supermarkets and
hypermarkets, convenience stores, and non-grocery
retailers. Currently, supermarkets and
hypermarkets represent the most popular
distribution channel as they offer a wide
collection of both affordable and premium
products. These stores also cater to the demand
for organic products which has been escalating
over the years owing to an increase in disposable
income levels and a rise in health consciousness
among the consumers. Further, the consumers
prefer convenience stores on account of rapid
urbanisation, rising global consumption of
chocolate, lifestyle changes and the 24-hour
format of these stores. On the other hand, a
positive growth in the non-grocery retailer
segment can be attributed to flourishing consumer
market and rising influence of online retailing
across the globe.
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Report Description and Highlights
Regional Insights As per the findings of the milk
chocolate market research report, Western Europe
represents the largest region followed by North
America, Eastern Europe, Asia, Latin America,
Middle East and Africa, and Australasia. The
market for milk chocolate has been growing in
Western Europe on account of rising production in
several nations including France, Germany and
Italy. This can also be attributed to increasing
investments from medium-sized vendors which has
led to a boost in the confectionery sector across
the region. Apart from this, the market in North
America has been witnessing an upsurge on account
of rising number of chocolate manufacturers.
Whereas, the demand for milk chocolate has been
increasing in Asia-Pacific due to a rise in the
use of milk chocolate in the food and beverage
sector, particularly in developing nations like
India and China. The nature of the market is
concentrated with few large players accounting
for the majority of the milk chocolate market
share. This has made it difficult for new
producers to enter the market. Browse more
related reports  Caramel Chocolate Market
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t White Chocolate Market https//www.imarcgroup.
com/white-chocolate-market
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Report Description and Highlights
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