World Milk Chocolate Market to Post Around 3% CAGR to 2022, States IMARC Group in Its Report Available at MarketPublishers.com07 Jun 2017 • by Natalie Aster
LONDON – Worldwide, the milk chocolate market was estimated at close to USD 59 billion in 2016, registering nearly a 4% CAGR from 2009 to 2016. The primary factor that has been impacting the market growth is the health benefits that milk chocolate offers. It has been found out that milk chocolate improves memory, reduces the risk of heart seizures and strokes, smoothens and moisturises the skin, boosts memory and enhances the immune system. In addition, flavonoids, a kind of antioxidants discovered in milk chocolate assist in stimulating the circulation by eliminating ‘free radicals’ from the blood which act as a leading cause of degenerative arthritis.
Going forward, the market for milk chocolate is anticipated to be estimated at close to USD 70.5 billion by 2022, registering around a 3% CAGR through to 2022.
Geography-wise, Western Europe is currently the leading regional milk chocolate market, capturing the better half of the market share.
In-demand research report “Milk Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” drawn up by IMARC Group offers an in-depth, unbiased examination of the global milk chocolate industry featuring each of its essential aspects, ranging from a comprehensive macro overview of the industry to micro analysis of the market performance, latest trends, major market challenges and drivers, price trends, Porter’s five forces analysis, SWOT analysis, value chain analysis, key risk and success factors, etc. The study casts light on the processing and production requirements, project cost and project fund raising, economics of the project, expected RoI, marginal incomes, etc. The research report describes the competitive scenario and offers profiles of the leading players, and also provides detailed projections of the market development.
More in-demand market research publications by the publisher can be found at IMARC Group page.