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Analysis of COVID-19 Crisis-driven Growth Opportunities in Milk Chocolate Market

The concept of “milk chocolate” was incepted around 200 years ago, in the late 1800s. Spanning over two centuries, the history of milk chocolate is a fascinating one. It is one of the most indulgent products of the chocolate and dairy industry. At present, dietary lifestyle of Europe exhibits substantial presence of milk chocolate products. The popularity of milk chocolate never ceases to spread across the boundaries of developed consumer market places of the world.

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The authentic formula of milk chocolate represents a unique combination of chocolate, sweeteners, milk, sweeteners, dairy ingredients, and sugars. These days, milk chocolate products have evolved to a great extent, and come with additional ingredients such as lecithin, cocoa butter, chocolate liquor, and milk solids. Varying tastes of consumers is foreseen to drive the evolution of milk chocolate in the years to come and manufacturers to assess the scope of consumption will test new innovative ideas.

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Key market leaders of global paper straw market are Chocoladefabriken Lindt & Sprüngli AG, Ferrero SpA, Chocolatiers (UK) Ltd., Hershey Co, Barry Callebaut, and Blommer Chocolate Company. Many other notables companies are also operating in the global paper straw market.

Transparency Market Research presents a new research report titled Milk Chocolate Market.

According to the report, global milk chocolate market will expand at a robust 6.2% CAGR from 2017 to 2026. Global milk chocolate market is estimated to be more than US$1.6 bn in 2019.

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Growth of the global milk chocolate market is dynamic in nature and is increasingly impacted by dietary patterns and varying tastes of chocolate loving consumers across the globe. The growing demand for a wide variety of chocolate flavors that can meet the varying taste buds of consumers across the globe is a substantially important trend that is propelling the growth of the global milk chocolate market. The efforts of chocolate manufacturers to come up with indulgent, mouth-watering milk chocolates for a wide consumer base are also accentuating the growth of global milk chocolate market.

The global milk chocolate market is segmented based on:

Product Type

  • Conventional Milk Chocolate
  • Organic Milk Chocolate

Form

  • Bar
  • Candies
  • Chocolate Coated Nuts
  • Chocolate Chips
  • Other Forms

Applications

  • Food & Beverages
  • Personal Care
  • Cosmetics
  • Pharmaceuticals
  • Other Applications 

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