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The chocolate milk market is projected to grow by USD 1231.65 million with a CAGR of 4.34%, during the forecast period 2021 to 2026.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by distribution channel (supermarket and hypermarkets, online, convenience stores, and others) and geography (North America, Europe, APAC, South America, and MEA).
The chocolate milk market report also offers information on several market vendors, including Arla Foods amba, Dairy Farmers of America Inc., Gujarat Cooperative Milk Marketing Federation, Inner Mongolia Yili Industrial Group Co. Ltd., Muller UK and Ireland Group LLP, Nestle SA, Royal FrieslandCampina NV, Saputo Inc., Sofina SA, and The Hershey Co. among others.
Arla Foods amba - The company offers chocolate milk products such as Arla Protein and Arla Protein Chocolate flavoured milk drink with less sugar. The Europe segment of the company deals with the sales of milk-based branded beverages in the UK, Germany, Denmark, The Netherlands, and Finland among others.
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Technavio categorizes the global chocolate milk market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chocolate milk market during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Chocolate Milk Market Driver
Key Chocolate Milk Market Challenge
This chocolate milk market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Our In-house experts produce extensive information on the value chain and parent market of the chocolate milk market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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30% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for chocolate milk in North America. Market growth in this region will be slower than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The chocolate milk market share growth by the supermarket/hypermarket segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the chocolate milk market size and actionable market insights on the post-COVID-19 impact on each segment.
Chocolate Milk Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.34% |
Market growth 2022-2026 |
USD 1231.65 million |
Market structure |
Fragmented |
YoY growth (%) |
3.60 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 30% |
Key countries |
US, China, Germany, Canada, and India |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Arla Foods amba, Dairy Farmers of America Inc., Gujarat Cooperative Milk Marketing Federation, Inner Mongolia Yili Industrial Group Co. Ltd., Muller UK and Ireland Group LLP, Nestle SA, Royal FrieslandCampina NV, Saputo Inc., Sofina SA, and The Hershey Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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