About Milk Chocolate Powder
Chocolate Milk Powder is one of the highly adopted in the milk powder. This market is expected to grow in the future because of development in population and change towards in healthy lifestyle with the rising consumption of milk powder. Milk powder is a highly adopted health product in the industry, and chocolate is highly demanded flavor by the children. Basically, milk powder is evaporated form milk, which is considered in the processed. With the development of the processed food industry, this industry is having huge growth potential in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global milk chocolate powder market is strongly competitive. There are various types of companies that are operating in this market, along with that company is highly focused on research and development for developing new products. With the growing number of opportunities in this market, for which companies are highly investing in market growth strategies such as merger & acquisition, collaborations, and others. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Milk Chocolate Powder market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danone (France), Nestle (Switzerland), FrieslandCampina (Netherlands), Arla (Denmark), Vreugdenhil Dairy (Netherland), Alpen Dairies (Netherlands), California Dairies (United States), DFA (United States), Lactalis (France) and Land O'Lakes (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Milk Chocolate Powder market by , Application (Confectionery, Food & Beverage, Cosmetics and Others) and Region.
On the basis of geography, the market of Milk Chocolate Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channels, the sub-segment i.e. Online Stores will boost the Milk Chocolate Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Material, the sub-segment i.e. Plastic will boost the Milk Chocolate Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Pouches will boost the Milk Chocolate Powder market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Investment Advertising and Marketing
Market Growth Drivers:
Development in Milk Products Through Online Platform and Increase in Health Benefits Related Human Body Such as Decreased Hypertension, Reduced Chronic Fatigue Syndrome, Protection Against Sunburn, and Others
Challenges:
Increasing Presence of Substitute Products and Changing Consumer Preferences
Restraints:
Slowdown in Economy and Low Growth Rates in Major Markets
Opportunities:
Use of Chocolates as a Functional Food and Development in Technology Related to Packaging
Market Leaders and their expansionary development strategies
March 2021: FrieslandCampina expanded its Yazoo-flavoured milk range by introducing a new limited-edition chocolate orange flavor. The new Choc-Orange variant combines the Yazoo brand's signature chocolate milk with citrus notes and aims to 'entice' new shoppers into the category. Source: https://www.mordorintelligence.com/industry-reports/chocolate-milk-market
In February 2020, Cocoa Metro's newest product is more chocolatey than competing Nesquik powder, contains less sugar, and is free of all additives. Cocoa Metro's powder contains only four ingredients, compared to Nesquik's 15. Unlike the company's previous Belgian hot chocolate drink mix, this new instant Belgian chocolate powder easily dissolves in cold milk or any of the widely available milk substitutes.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Milk Chocolate Powder Manufacturers, Distributors, and Suppliers, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.