Evaluation of Global Milk Chocolate Market Offered in New Research Report Reflects Strong Value Growth of Over US$95 Bn by 2026

Among the different types of chocolates, milk chocolate is one of the most significant products which are consumed by people. A recent study has found that 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. To elaborate further, Market Research Reports Search Engine (MRRSE) has publicized a study titled “Milk Chocolate Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2026” to its massive database, which is a professional and in-depth analysis on the current state and future prospect of the milk chocolate market until the end of 2026. In order to capture a global understanding, the report has figured its market size forecasts in terms of volumes (tons) across various geographies, such as North America, Latin America, Japan, Europe, MEA and APEJ.

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Milk chocolate is one of the most indulgent product of the dairy and chocolate industry. The original formula for milk chocolate represented a unique blend of milk, dairy ingredients, sugars, sweeteners and chocolate. Additionally, milk chocolate products have evolved to a substantial extent, and contain additional ingredients such as milk solids, cocoa butter and lecithin. Considering its wide demand among consumer, analysts have estimated that the global milk chocolate market will be worth over US$ 95 billion by the end of 2026. In addition, the global market will reflect a strong CAGR of 6.2% in terms of value over the mentioned forecast period, 2017-2026.

Segmental Insights

In the study, analysts will get in-depth segment-wise analysis and insights on the milk chocolate market. The report has segmented the market on the basis of product type into conventional and organic milk chocolate. By form, the study covers bar, candies, chocolate coated nuts, chocolate chips and other. The report estimates that certification is a key representative that differentiates organic milk chocolate from conventional milk chocolate. Organic milk chocolate derived from organic farming and diary practices will remain expensive in the future.
On the basis of geography, analysts estimate that during the period of assessment, the milk chocolate market in Europe will reflect high-value growth at a CAGR of 6.8%. This is because European dietary lifestyles reflect an extensive presence of milk chocolate products.
From food & beverages to pharmaceuticals, and even cosmetics, milk chocolate has spanned its applications across diverse industry verticals, finds the study.
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In addition to segment-wise analysis, the research study also offers in-depth analysis on the key players operating in the global market. According to the report, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, Unilever, Barry Callebaut, Ferrero SpA, and Chocolatiers (UK) Ltd. are some of the key players in the global milk chocolate market, which are based in European countries.

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This release was published on openPR.