Milk Chocolate Market To Grow 6.2% By 2026

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Albany, NY — Worldwide sales for milk chocolate are anticipated to increase at a compound annual growth rate of 6.2 percent by 2026, according to Transparency Market Research, which expects the sector’s value to hit $95 billion by the end of the forecast period.

Product innovations that meet consumers’ shifting preferences and worldwide economic development are anticipated to drive the market in the coming year, the researcher reports.

Globally, Europe is the biggest market for milk chocolate, and Transparency Market Research notes this is largely due to consumption rates in France and Germany. Those countries are expected to account for 55 percent of the entire European milk chocolate market during the forecast period.