The increasing consumer disposable income, rising demand for flavored dairy products, and easy access to the retail outlet will offer immense growth opportunities. However, the availability of substitutes, rising cases of lactose intolerance and milk allergies, and fluctuation in prices of raw materials will challenge the growth of the market participants.
Chocolate Milk Market Segmentation
- Distribution Channel
- Supermarket/hypermarkets
- Online
- Convenience Stores
- Others
- Geographic
- North America
- Europe
- APAC
- South America
- MEA
Increasing consumer disposable income has been instrumental in driving the growth of the market. However, the availability of substitutes might hamper market growth.
North America will account for 30% of market growth. The two biggest markets for chocolate milk in North America are the US and Canada. Nevertheless, market expansion in North America will be slower than on other continents. Download sample…
