Market Size of Europe Chocolate Milk Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.81 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Chocolate Milk Market Analysis
Europe chocolate milk market is projected to grow at a CAGR of 6.81% during the forecast period (2020-2025).
- The consumer demand for convenient, natural, nutritious, and healthy on-the-go snack options is the primary attribute for the sales of chocolate milk across the region. The changing lifestyle of consumers and inclination toward a healthy lifestyle is boosting the growth of the market. Hence, chocolate milk, being the healthier and nutritional option, is witnessing increasing demand.
- Dairy-based beverages are naturally high in calcium content, and hence, are perceived as a nutritional beverage option. The health benefits of probiotic drinks, especially their ability to improve digestion and immune system, are attracting consumers across all age groups.
- Health and wellness trends have led to the inclination of consumers toward low-fat, lactose-free variants owing to rising incidences of lactose intolerance in the region, and calcium-rich variants of chocolate milk, which in turn, encourages manufacturers to innovate in the dairy-free chocolate milk category in order to gain a competitive edge over other market players.
- Low fat and fortified chocolate milk, with low sugar and added nutritional benefits, is occupying the retail market shelf, owing to the demand from consumers.
