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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.

Milk Chocolate Report

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:

  • How has the global milk chocolate market performed so far and how will it perform in the coming years?
  • What are the key regions in the global milk chocolate market?
  • What are the major distribution channels in the global milk chocolate market?
  • What are the price trends of milk chocolate?
  • What are the various stages in the value chain of the global milk chocolate industry?
  • What are the key driving factors and challenges in the global milk chocolate industry?
  • What is the structure of the global milk chocolate industry and who are the key players?
  • What is the degree of competition in the global milk chocolate industry?
  • What are the profit margins in the global milk chocolate industry?
  • What are the key requirements for setting up a milk chocolate manufacturing plant?
  • How is milk chocolate manufactured?
  • What are the various unit operations involved in a milk chocolate manufacturing plant?
  • What is the total size of land required for setting up a milk chocolate manufacturing plant?
  • What are the machinery requirements for setting up a milk chocolate manufacturing plant?
  • What are the raw material requirements for setting up a milk chocolate manufacturing plant?
  • What are the packaging requirements for milk chocolate?
  • What are the transportation requirements for milk chocolate?
  • What are the utility requirements for setting up a milk chocolate manufacturing plant?
  • What are the manpower requirements for setting up a milk chocolate manufacturing plant?
  • What are the infrastructure costs for setting up a milk chocolate manufacturing plant?
  • What are the capital costs for setting up a milk chocolate manufacturing plant?
  • What are the operating costs for setting up a milk chocolate manufacturing plant?
  • What will be the income and expenditures for a milk chocolate manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Chocolate Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Market Breakup by Region
    5.4    Market Breakup by Product
    5.5    Market Breakup by Packaging
    5.6    Market Breakup by End-Use
    5.7    Market Share of Key Players
    5.8    Market Forecast
6    Global Milk Chocolate Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Price Analysis
        6.3.1    Key Price Indicators
        6.3.2    Price Structure
        6.3.3    Price Trends
    6.4    Market by Region
    6.5    Market by Distribution Channel
    6.6    Market Forecast
    6.7    SWOT Analysis
        6.7.1    Overview
        6.7.2    Strengths
        6.7.3    Weaknesses
        6.7.4    Opportunities
        6.7.5    Threats
    6.8    Value Chain Analysis
        6.8.1    Overview
        6.8.2    Cocoa Growers
        6.8.3    Cocoa Grinders
        6.8.4    Coverture/Industrial Chocolate Manufacturers
        6.8.5    End Use Industries
        6.8.6    Chocolate Manufacturers
        6.8.7    Distributors
        6.8.8    Exporters
        6.8.9    Retailers
    6.9    Porters Five Forces Analysis
        6.9.1    Overview
        6.9.2    Bargaining Power of Buyers
        6.9.3    Bargaining Power of Suppliers
        6.9.4    Degree of Rivalry
        6.9.5    Threat of New Entrants
        6.9.6    Threat of Substitutes
    6.10    Key Success and Risk Factors
7    Performance of Key Regions
    7.1    Western Europe
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Eastern Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Asia
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Middle East and Africa
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Australasia
        7.7.1 Market Trends
        7.7.2 Market Forecast
8    Performance by Distribution Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Convenience Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Non-Grocery Retailers
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Competitive Landscape
10    Milk Chocolate Manufacturing Process

    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11    Project Details, Requirements and Costs Involved
    11.1    Land, Location and Site Development
    11.2    Construction Requirements and Expenditures
    11.3    Plant Machinery
    11.4    Machinery Pictures
    11.5    Raw Materials Requirements and Expenditures
    11.6    Raw Material and Final Product Pictures
    11.7    Packaging Requirements and Expenditures
    11.8    Transportation Requirements and Expenditures
    11.9    Utilities Requirements and Expenditures
    11.10    Manpower Requirements and Expenditures
    11.11    Other Capital Investments
12    Milk Chocolate Manufacturing Plant: Loans and Financial Assistance
13    Milk Chocolate Manufacturing Plant: Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14   Key Player Profiles
 
List of Figures

Figure 1: Global: Milk Chocolate Market: Major Drivers and Challenges
Figure 2: Global: Chocolate Market: Volume Trends (in Million Tons), 2011-2018
Figure 3: Global: Chocolate Market: Value Trends (in US$ Billion), 2011-2018
Figure 4: Global: Chocolate Market: Breakup by Region (in %), 2018
Figure 5: Global: Chocolate Market: Breakup by Product (in %), 2018
Figure 6: Global: Chocolate Market: Breakup by Packaging (in %), 2018
Figure 7: Global: Chocolate Market: Breakup by End-Use (in %), 2018
Figure 8: Global: Chocolate Market: Share of Key Players (in %), 2018
Figure 9: Global: Chocolate Market Forecast: Volume Trends (in Million Tons), 2019-2024
Figure 10: Global: Chocolate Market Forecast: Value Trends (in US$ Billion), 2019-2024
Figure 11: Global: Milk Chocolate Market: Volume Trends (in Million Tons), 2011-2018
Figure 12: Global: Milk Chocolate Market: Value Trends (in US$ Million), 2011-2018
Figure 13: Milk Chocolate Market: Price Structure (US$/Ton)
Figure 14: Global: Milk Chocolate Market: Average Price Trends (in US$/Ton), 2011-2018
Figure 15: Global: Milk Chocolate Market Forecast: Average Price Trends (in US$/Ton), 2019-2024
Figure 16: Global: Milk Chocolate Market: Breakup by Region (in %), 2018
Figure 17: Global: Milk Chocolate Market: Breakup by Distribution Channel (in %), 2018
Figure 18: Global: Milk Chocolate Market Forecast: Volume Trends (in Million Tons), 2019-2024
Figure 19: Global: Milk Chocolate Market Forecast: Value Trends (in US$ Million), 2019-2024
Figure 20: Global: Milk Chocolate Industry: SWOT Analysis
Figure 21: Global: Milk Chocolate Industry: Value Chain Analysis
Figure 22: Global: Milk Chocolate Industry: Porter’s Five Forces Analysis
Figure 23: Global: Milk Chocolate Market Forecast: Breakup by Region (in %), 2024
Figure 24: Western Europe: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 25: Western Europe: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 26: North America: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 27: North America: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 28: Eastern Europe: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 29: Eastern Europe: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 30: Asia: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 31: Asia: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 32: Latin America: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 33: Latin America: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 34: Middle East and Africa: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 35: Middle East and Africa: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 36: Australasia: Milk Chocolate Market: Sales Volume (in Tons), 2011 & 2018
Figure 37: Australasia: Milk Chocolate Market Forecast: Sales Volume (in Tons), 2019-2024
Figure 38: Global: Milk Chocolate Market: Sales through Supermarkets and Hypermarkets (in Tons), 2011 & 2018
Figure 39: Global: Milk Chocolate Market Forecast: Sales through Supermarkets and Hypermarkets (in Tons), 2019-2024
Figure 40: Global: Milk Chocolate Market: Sales through Convenience Stores (in Tons), 2011 & 2018
Figure 41: Global: Milk Chocolate Market Forecast: Sales through Convenience Stores (in Tons), 2019-2024
Figure 42: Global: Milk Chocolate Market: Sales through Non-Grocery Retailers (in Tons), 2011 & 2018
Figure 43: Global: Milk Chocolate Market Forecast: Sales through Non-Grocery Retailers (in Tons), 2019-2024
Figure 44: Global: Milk Chocolate Market: Sales through Other Distribution Channel (in Tons), 2011 & 2018
Figure 45: Global: Milk Chocolate Market Forecast: Sales through Other Distribution Channel (in Tons), 2019-2024
Figure 46: Milk Chocolate Manufacturing: Detailed Process Flow
Figure 47: Milk Chocolate Manufacturing: Conversion Rate of Feedstocks
Figure 48: Milk Chocolate Manufacturing: Breakup of Capital Costs (in %)
Figure 49: Milk Chocolate Production: Manufacturing Cost Breakup (in %)
Figure 50: Milk Chocolate Manufacturing Plant: Margins Across Various Stages of the Supply Chain

List of Tables

Table 1: Global: Chocolate Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Milk Chocolate Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Milk Chocolate Market Forecast: Breakup by Region (in Tons), 2019-2024
Table 4: Global: Milk Chocolate Market Forecast: Breakup by Distribution Channel, (in Tons) 2019-2024
Table 5: Global: Milk Chocolate Market: Competitive Structure
Table 6: Milk Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day) 
Table 7: Milk Chocolate Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Milk Chocolate Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Milk Chocolate Manufacturing Plant: Machinery Costs (in US$)
Table 10: Milk Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 11: Milk Chocolate Manufacturing Plant: Costs Related to Utilities (in US$)
Table 12: Milk Chocolate Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 13: Milk Chocolate Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 14: Milk Chocolate Manufacturing Plant: Capital Costs (in US$)
Table 15: Milk Chocolate Manufacturing Plant: Techno-Economic Parameters
Table 16: Milk Chocolate Manufacturing Plant: Taxation (in US$)
Table 17: Milk Chocolate Manufacturing Plant: Depreciation (in US$)
Table 18: Milk Chocolate Manufacturing Plant: Income Projections (in US$)
Table 19: Milk Chocolate Manufacturing Plant: Expenditure Projections (in US$)
Table 20: Milk Chocolate Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 21: Milk Chocolate Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 22: Milk Chocolate Manufacturing Plant: Profit and Loss Account (in US$)

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