Chocolate Milk Market – Growth, Trends And Forecast (2019 – 2024)
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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Top Companies in the Global Chocolate Milk Market:
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 and other.
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).
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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 Laticnios 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.
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Influence Of The Chocolate Milk Market Report:
-Comprehensive assessment of all opportunities and risk in the Chocolate Milk market.
-Chocolate Milk market recent innovations and major events.
-Detailed study of business strategies for growth of the Chocolate Milk market-leading players.
-Conclusive study about the growth plot of Chocolate Milk market for forthcoming years.
-In-depth understanding of Chocolate Milk market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital market latest trends striking the Chocolate Milk market.
Finally, Chocolate Milk Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Chocolate Milk industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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