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Chocolate Milk Market 2019 Insight by Market Size, Sales, Revenue, Import/export Forecast to 2024

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Chocolate Milk Market 2019 Insight by Market Size, Sales, Revenue, Import/export Forecast to 2024

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Chocolate Milk

This “Chocolate Milk Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Chocolate Milk market can use for expanding their business in untapped market to increase their customer base.

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Market Overview:

  • 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 world. The changing lifestyle of consumers and inclination toward the healthy lifestyle is boosting the growth of the market. Hence, chocolate milk, being the healthier and nutritional option, is witnessing increasing demand. Dairy-based beverages are naturally high in calcium content, and hence, are perceived as a nutritional beverage option. The health benefits of probiotic drinks, especially, their ability to improve digestion and immune system, are attracting consumers across all age groups. The global chocolate milk market is forecasted to grow at a CAGR of 3.6% during the forecast period (2019 – 2024)

    Chocolate Milk Market Covers Manufacturers:

  • Nestle SA
  • Arla Foods
  • Dean Foods
  • Dairy Farmers of America Inc.
  • Saputo Inc.
  • Royal FrieslandCampina
  • Amul
  • Maryland & Virginia Milk Producers Cooperative Association Inc.
  • Inner Mongolia Yili Industrial Group Co.
  • Groupe Danone
  • The Hershey Company

    Scope of the Report:

  • The scope of global chocolate milk market is segmented by distribution channel as Convenience Stores, hypermarkets/supermarkets and others. Other distribution channels include discounters, whole sale retailers, online retail stores, etc.

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    Key Market Trends:

    Surge in Demand for Fortified Beverages in Developing Countries

    There has been a considerable shift in the lifestyles and diet habits of people over the past two decades. Consumers are becoming aware of these problems and, as a result, gradually moving toward functional food and beverage, which are promoted as being beneficial beyond basic nutrition. Promotion of fortified foods and beverages by China’s Ministry of Health, coupled with growing health concerns related to age, myopia in adults, and other diseases, are expected to drive the market. he key chocolate milk producers launched fortified chocolate milk drinks to maintain strong position in the competitive market. In Brazil, the presence of local players such as Laticínios Latco Ltda., are catering to the market growth by offering chocolate milk. The fortification of theses flavored milk is done with omega-3, omega-6, vitamin C, and vitamin E, by using liposomes is expected to drive the chocolate milk market.

    Middle East and Africa Remain the Fastest Growing Markets

    The chocolate milk market is facing stiff competition from the protein shakes and non-dairy drinks market globally, constant marketing efforts from the dairy industry have led to adults and athletes opting for chocolate milk who have previously dismissed chocolate milk as a drink for children. Factors expected to drive the demand are increasing consumer disposable income, and increase in consumer awareness regarding healthy benefits of the flavored dairy products such as chocolate milk in South Africa. The increasing number of new product launches across the country is one of the key drivers in the market. Key market players across the country are increasingly focusing on increasing the number of product launches, which will strengthen their position in the market. The most popular flavors under the flavored milk category in Saudi Arabia are banana, chocolate and strawberry. These flavors are popular among younger generation and manufacturers are launching specific flavored milk marketed towards children’s.

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    Target Audience of Chocolate Milk Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Chocolate Milk Market Report:

    • Analyzing various perspectives of the Chocolate Milk market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Chocolate Milk market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Chocolate Milk market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Chocolate Milk market studied, during the forecast period
    • The segments that are expected to dominate the Chocolate Milk market studied.

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