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Milk Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Milk Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Milk chocolate is made by blending sugar, chocolate liquor and cocoa powder. Apart from this, milk powder, and sometimes liquid milk or condensed milk, is also added which offers a creamier taste and texture, and lighter colour. Some of the products made using milk chocolate include food products - cookies, chocolate bars, cakes and crispies; beverages - syrups and smoothies; and cosmetics. The latest report by IMARC Group titled, “Milk Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, finds that the global milk chocolate market reached a value of US$ 61.4 Billion in 2017, growing at a CAGR of 4% during 2010-2017.

The major factor which has contributed in influencing the market growth is the health benefits offered by milk chocolate. Studies have found that milk chocolate boosts memory, cuts the risk of heart attacks and strokes, hydrates and smoothens the skin, sharpens memory and improves the immune system. Additionally, flavonoids, a type of antioxidants found in milk chocolate help in stimulating the blood flow by removing ‘free radicals’ from the blood stream which are a primary cause of age-related arthritis. Owing to these factors, the market for milk chocolate is expected to reach a value of US$ 76.4 Billion by 2023, growing at a CAGR of 3.7% during 2018-2023.

The report has analysed the global milk chocolate market on the basis of distribution channels, covering super- and hyper-markets, convenience stores and non-grocery retailers. The report has further segmented the market on the basis of region, covering Western Europe, North America, Eastern Europe, Asia, Latin America, Middle East and Africa and Australasia. Currently, Western Europe represents the largest region for milk chocolate, accounting for the majority of the market share.

This report provides a deep insight into the global milk chocolate industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a milk chocolate manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, consultants, and all those who have any kind of stake or are planning to foray into the milk chocolate industry in any manner.

Key Questions Answered in This Report:

What are the key success and risk factors in the milk chocolate industry?
How has the milk chocolate market performed so far and how will it perform in the coming years?
What is the structure of the milk chocolate industry and who are the key players?
What are the various unit operations involved in a milk chocolate plant?
What is the total size of land required for setting up a milk chocolate plant?
What are the machinery requirements for setting up a milk chocolate plant?
What are the raw material requirements for setting up a milk chocolate plant?
What are the utility requirements for setting up a milk chocolate plant?
What are the manpower requirements for setting up a milk chocolate plant?
What are the infrastructure costs for setting up a milk chocolate plant?
What are the capital costs for setting up a milk chocolate plant?
What are the operating costs for setting up a milk chocolate plant?
What should be the pricing mechanism of milk chocolate products?
What will be the income and expenditures for a milk chocolate plant?
What is the time required to break-even?


1 Preface
2 Research Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Chocolate Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Market Breakup by Region
5.4 Market Breakup by Product
5.5 Market Breakup by Packaging
5.6 Market Breakup by End-Use
5.7 Market Share of Key Players
5.8 Market Forecast
6 Global Milk Chocolate Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Price Trends
6.3.1 Key Price Indicators
6.3.2 Current and Historical Price Trends
6.3.3 Price Forecast
6.4 Market by Region
6.5 Market by Distribution
6.6 Market Forecast
6.7 SWOT Analysis
6.7.1 Overview
6.7.2 Strength
6.7.3 Weakness
6.7.4 Opportunity
6.7.5 Threat
6.8 Value Chain Analysis
6.8.1 Overview
6.8.2 Cocoa Growers
6.8.3 Cocoa Grinders
6.8.4 Coverture/Industrial Chocolate Manufacturers
6.8.5 End Use Industries
6.8.6 Chocolate Manufacturers
6.8.7 Distributors
6.8.8 Exporters
6.8.9 Retailers
6.9 Porters Five Forces Analysis
6.9.1 Overview
6.9.2 Bargaining Power of Buyers
6.9.3 Bargaining Power of Suppliers
6.9.4 Degree of Rivalry
6.9.5 Threat of New Entrants
6.9.6 Threat of Substitutes
6.10 Key Success and Risk Factors
7 Performance of Key Regions
7.1 Western Europe
7.2 North America
7.3 Eastern Europe
7.4 Asia
7.5 Latin America
7.6 Middle East and Africa
7.7 Australasia
8 Performance by Distribution Channel
8.1 Supermarkets and Hypermarkets
8.2 Convenience Stores
8.3 Non-Grocery Retailers
8.4 Others
9 Competitive Landscape
10 Milk Chocolate Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land, Location and Site Development
11.2 Construction Requirements and Expenditures
11.3 Plant and Machinery
11.4 Machinery Pictures
11.5 Raw Materials Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utilities Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 Milk Chocolate Manufacturing Plant: Loans and Financial Assistance
13 Milk Chocolate Manufacturing Plant: Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Players Profile
List of Figures
Figure 1: Global: Chocolate Market: Volume Trends (in Million Tons), 2010-2017
Figure 2: Global: Chocolate Market: Value Trends (in US$ Billion), 2010-2017
Figure 3: Global: Chocolate Market: Breakup by Region (in %), 2017
Figure 4: Global: Chocolate Market: Breakup by Product (in %), 2017
Figure 5: Global: Chocolate Market: Breakup by Packaging (in %), 2017
Figure 6: Global: Chocolate Market: Breakup by End-Use (in %), 2017
Figure 7: Global: Chocolate Market: Share of Key Players (in %), 2017
Figure 8: Global: Chocolate Market Forecast: Volume Trends (in Million Tons), 2018-2023
Figure 9: Global: Chocolate Market Forecast: Value Trends (in US$ Billion), 2018-2023
Figure 10: Global: Milk Chocolate Market: Volume Trends (in Million Tons), 2010-2017
Figure 11: Global: Milk Chocolate Market: Value Trends (in US$ Million), 2010-2017
Figure 12: Global: Milk Chocolate Market: Average Price Trends (in US$/Ton), 2010-2017
Figure 13: Global: Milk Chocolate Market Forecast: Average Price Trends (in US$/Ton), 2018-2023
Figure 14: Global: Milk Chocolate Market: Breakup by Region (in %), 2017
Figure 15: Global: Milk Chocolate Market: Breakup by Distribution (in %), 2017
Figure 16: Global: Milk Chocolate Market Forecast: Volume Trends (in Million Tons), 2018-2023
Figure 17: Global: Milk Chocolate Market Forecast: Value Trends (in US$ Million), 2018-2023
Figure 18: Milk Chocolate Industry: SWOT Analysis
Figure 19: Chocolate Industry: Value Chain Analysis
Figure 20: Milk Chocolate Industry: Porter’s Five Forces Analysis
Figure 21: Global: Dark Chocolate Market Forecast: Breakup by Region (in %), 2023
Figure 22: Western Europe: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 23: North America: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 24: Eastern Europe: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 25: Asia: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 26: Latin America: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 27: Middle East and Africa: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 28: Australasia: Milk Chocolate Market: Sales Volume (in Tons), 2010, 2017 and 2023
Figure 29: Milk Chocolate Manufacturing Plant: Detailed Process Flow
Figure 30: Milk Chocolate Manufacturing Process: Conversion Rate of Products and By Products
Figure 31: Milk Chocolate Manufacturing Process: Breakup of Capital Costs (in %)
Figure 32: Milk Chocolate Production: Manufacturing Cost Breakup (in %)
Figure 33: Milk Chocolate Manufacturing Plant: Margins Across Various Stages of the Supply Chain
List of Tables
Table 1: Global: Chocolate Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Milk Chocolate Market: Key Industry Highlights, 2017 and 2023
Table 3: Global: Milk Chocolate Market Forecast: Breakup by Region (in Tons), 2018-2023
Table 4: Milk Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 5: Milk Chocolate Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 6: Milk Chocolate Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 7: Milk Chocolate Manufacturing Plant: Machinery Costs (in US$)
Table 8: Milk Chocolate Manufacturing Plant: Raw Material Requirements (in Tons/Day)
Table 9: Milk Chocolate Manufacturing Plant: Costs Related to Utilities
Table 10: Milk Chocolate Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 11: Milk Chocolate Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 12: Milk Chocolate Manufacturing Plant: Capital Costs (in US$)
Table 13: Milk Chocolate Manufacturing Plant: Techno-Economic Parameters
Table 14: Milk Chocolate Manufacturing Plant: Taxation (in US$)
Table 15: Milk Chocolate Manufacturing Plant: Depreciation (in US$)
Table 16: Milk Chocolate Manufacturing Plant: Income Projections (in US$)
Table 17: Milk Chocolate Manufacturing Plant: Expenditure Projections (in US$)
Table 18: Milk Chocolate Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 19: Milk Chocolate Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 20: Milk Chocolate Manufacturing Plant: Profit and Loss Account

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