According to this
latest study, the growth in The global Chocolate Milk Market was valued at USD
7,780.41 Million in 2019, and it is projected to reach USD 10,142.47 Million by
2027, registering an estimated CAGR of 4.70% during 2021- 2027.
The
consumer demand for convenient, natural, nutritious, and healthy on-the-go
snack options is the primary attribute for the sales of chocolate milk across the
globe. The switching lifestyle of consumers and inclination toward a healthy
lifestyle are stimulating the growth of the market. Hence, chocolate milk,
being the healthier and nutritional option, is witnessing increasing demand.
Dairy-based beverages are naturally rich in calcium content, and hence, are
recognized as a nutritional beverage option. The health benefits of probiotic
drinks, especially their ability to boost digestion and immune system, are
attracting consumers of all ages of individuals. Little fat and fortified
chocolate milk, with lower sugar and mixed nutritional benefits, is captured on
the retail market shelf, due to the demand from consumers. Additionally, a
growing number of health problems globally, irrespective of age, people are more
aware related to their health. This propelled the demand for healthy products
in chocolate milk, such as low sugar content, use of dry fruits, and others.
Thus, the introduction of healthy ingredients in chocolate milk is also
anticipated to boost the chocolate milk market growth in the long run.
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Leading Key Players Covered in Chocolate Milk market:
·
Nestle
SA
·
Arla
Foods amba
·
Dairy
Farmers of America Inc.
·
Saputo
Inc.
·
Royal
FrieslandCampina NV
·
Maryland
& Virginia Milk Producers Cooperative Association Inc.
·
Inner
Mongolia Yili Industrial Group Co. Ltd
·
Danone
SA
·
The
Hershey Company
·
The
Coca-Cola Company
·
Unternehmensgruppe
Theo Müller
·
Mars
Incorporated
·
Others
These
companies are devising key strategies such as acquisitions, merges,
collaborations, partnerships, new product launches, regional expansions, and
targeting untapped markets to gain competitive advantage over other players
working in the market.
Introspective Market Research offers a comprehensive overview of
the market through the analysis of key parameters such as revenue, price,
competition, and promotions, as well as the study, synthesis, and summarization
of data from different sources. It analyzes the leading industry drivers and
shows numerous market components. The information offered is thorough,
dependable, and the result of a comprehensive primary and secondary study.
Introspective Market Research reports offer a comprehensive global market as
well as an in-depth strategic sourcing methodology and analysis based on
qualitative and quantitative research to anticipate market growth.
Segmentation of Chocolate Milk market:
By
Type:
Dairy-Based
Chocolate Milk And Non-Dairy Based Chocolate Milk
By Distribution Channels:
Supermarkets/Hypermarkets, Convenience Store, Other Distribution
Channels
Geographic Segment Covered in the
Report
North
America (U.S., Canada, Mexico)
Europe (Germany,
U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific
(China, India, Japan, Southeast Asia, Rest of APAC)
Middle
East & Africa (GCC Countries, South Africa, Rest of MEA)
South
America (Brazil, Argentina, Rest of South America)
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Reasons to Purchase this Market
Report:
Market
forecast analysis through recent trends and SWOT analysis
Chocolate Milk Market Dynamics Scenarios with
Market Growth Opportunities over the Next Year
Market
segmentation analysis, including qualitative and quantitative studies that
include economic and non-economic impacts
Chocolate Milk Market Regional and
country-level analysis that integrates demand and supply forces that impact the
growth of the market.
Competitive
environment related to the Chocolate
Milk market share for key players, along with new projects and strategies that
players have adopted over the past five years
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