The Global Chocolate Milk Market was valued at USD 8.52 Billion in 2021, and it is projected to reach USD 11.76 Billion by 2028, registering an estimated CAGR of 4.70% during 2021- 2028.
Chocolate milk is basically produced by combining milk, chocolate, and various sweeteners such as high-fructose corn syrups or sugars. Chocolate milk is rich in leucine, nutrients, and vitamins A, B1, B6 which is very crucial in maintaining and building strong muscles, and is beneficial for the bone health. Being a substitute for unsweetened milk, and a convenient source of energy and nutrition, chocolate milk market is expected to grow at pace in the forecasted years.
Leading Key Players Covered in Chocolate Milk market:
Amul(India),Arla Foods (Denmark),Dairy Farmers of America Inc. (US),Dean Foods (Texas),Groupe Danone(France),Inner Mongolia Yili Industrial Group (China),Nestle SA (Switzerland),Royal FrieslandCampina (Netherlands),Saputo Inc (Canada),The Hershey Company (US),Maryland & Virginia Milk Producers Cooperative Association Inc. (US),The Coca-Cola Company (US),Unternehmensgruppe Theo Müller (Germany),Mars Incorporated (US), other major players.
These companies are devising key strategies such as acquisitions, merges, collaborations, partnerships, new product launches, regional expansions, and targeting untapped markets to gain competitive advantage over other players working in the market.
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Segmentation of Chocolate Milk market:
By Type:
Dairy-Based Chocolate Milk And Non-Dairy Based Chocolate Milk
By Distribution Channels:
Supermarkets/Hypermarkets, Convenience Store, Other Distribution Channels
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Geographic Segment Covered in the Report
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
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Reasons to Purchase this Market Report:
· Market forecast analysis through recent trends and SWOT analysis
· Chocolate Milk Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
· Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
· Chocolate Milk Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
· Competitive environment related to the Chocolate Milk market share for key players, along with new projects and strategies that players have adopted over the past five years
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