Milk Chocolate Market by Type and Geography - Global Forecast and Analysis 2019-2023
Added: (Mon Jun 17 2019)
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Global Milk Chocolate Market | Industry Analysis Report 2019-2023
This industry research report identifies Chocoladefabriken Lindt & Sprüngli AG, Mars Inc., Mondelēz International Inc., Nestlé SA, and The Hershey Co. as the key vendors in the global milk chocolate market. This industry research report also presents a competitive analysis of the market by geography (North America, Europe, APAC, MEA, and South America) by type (bar milk chocolate, and bite-size milk chocolate).
Rising demand for low-calorie milk chocolate from health-conscious consumers
With health-conscious consumers avoiding chocolates and related confection products due to high sugar content it has led to milk chocolate manufacturers to offer low-calorie milk chocolates to cater to the needs of the health-conscious consumer segment. Thus, with the rising number of health-conscious consumers, the demand for low-calorie chocolate is also expected to grow leading to the expansion of the global milk chocolate market during the forecast period.
Focus toward temperature tolerant milk chocolates
The presence of cocoa butter in milk chocolates makes it melt easily at room temperatures. This melting issue would deter consumers from gifting milk chocolates. Several prominent vendors are focusing on the development of temperature tolerant milk chocolates to overcome this challenge. The development of such temperature tolerant milk chocolates will boost the production capabilities of milk chocolates in hot and humid climates where significant investments are made in supply chain and logistics to maintain product quality. Therefore, this growing focus on temperature tolerant milk chocolates has been identified as a key milk chocolate market trend which will positively impact the growth of the market.
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