Chocolate milk is typically produced by combining cow's milk, chocolate, and sweeteners such as sugar or high-fructose corn syrup. It contains more carbohydrates and calories than unsweetened milk and is usually flavored with cocoa and sugar. Chocolate milk contains small amounts of zinc, selenium, iodine, magnesium, and vitamins A, B1, B6, and B12.
MARKET DYNAMICS
The primary driver of chocolate milk sales worldwide is consumer demand for simple, natural, nutritious, and safe on-the-go snack choices. The evolving lifestyles of consumers, as well as their preference for a healthier lifestyle, are driving the market growth. Hence chocolate milk, as a healthier and more nutritious alternative, is becoming more popular. Further, it is a nutritious and tasty choice, as it comes in a variety of flavors, not only for children and teenagers but also for older generations which will propel its demand in the market. Furthermore, companies are bringing about innovation in flavored milk by increasing the emphasis on flavors, indulgence, and packaging renovations that cater to adults in order to broaden their consumer base, which will positively impact its market growth.
MARKET SCOPE
The "Global Chocolate milk Market Analysis to 2028 " is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chocolate milk market with detailed market segmentation by type, distribution channel, and geography. The global chocolate milk market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chocolate milk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chocolate milk market is segmented on the basis of type, and distribution channel. On the basis of type the global chocolate milk market is segmented into dairy-based and dairy-free. Based on distribution channel the global chocolate milk market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chocolate milk market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chocolate milk market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chocolate milk market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chocolate milk market in these regions.
MARKET PLAYERS
The reports cover key developments in the chocolate milk market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chocolate milk market are anticipated to lucrative growth opportunities in the future with the rising demand for chocolate milk in the global market. Below mentioned is the list of few companies engaged in the chocolate milk market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chocolate milk market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Amul
- Arla Foods
- Dairy Farmers of America Inc.
- Dean Foods
- Groupe Danone
- Inner Mongolia Yili Industrial Group
- Nestle SA
- Royal FrieslandCampina
- Saputo Inc
- The Hershey Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.