US Pet Food Market Overview 2018: Growth, Share, Analysis and Forecast Research Report to 2023

The US pet food market has been witnessing a positive growth. This can be accredited to a rapid rise in pet-ownership and humanisation, lifestyle trends along with the availability of organic and natural product varieties across the region.

Pet Food

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Pet food is made with animal grade ingredients which are fit for the consumption of animals. Some of these include meat, insects, seeds, suet and plant derivatives along with other major components such as vitamins, additives and essential nutrients. Over the years, pet food has gained immense popularity in the United States and is now readily available at supermarkets and pet stores. A new research report by IMARC Group, titled “US Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market was worth nearly US$ 27 Billion in 2017. The report further anticipates the market to cross US$ 34 Billion by 2023, at a projected CAGR of more than 4% over the forecast period.

US Pet Food Market Drivers/Constraints:

  • Over the years, there has been an increase in pet-ownership across the United Sates which is one of the primary factors driving the growth of the US pet food market.
  • In the United States, another trend that has been observed is that the pet owners have been upfront about the dietary needs of their pets. Thus, pet humanisation and premiumisation represent another factor which is contributing towards the augmented demand for pet food across the region.
  • In order to broaden their consumer-base, manufacturers have been focussing on unique marketing strategies as well as coming up with organic and natural pet food varieties. This has highly contributed towards the overall growth of the market.
  • However, increasing cases of obesity and diabetes among pets act as a major obstacle which is impeding the growth of the market.

Pet Type Insights:

On the basis of pet type, the market has been segmented into dog food and cat food. Dog food exhibits a clear dominance owing to the increasing consumer preferences towards dogs for security and companionship along with the rising trend of nuclear families.

Product Type Insights:

Based on product type, there are a number of pet food available in the market. Dry pet food is the largest segment as it is cost-effective as compared to its counter parts. It is followed by treats and mixers, and wet pet food.

Competitive Landscape:

The market is highly fragmented with the presence of numerous manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Nestlé Purina PetCare
  • Mars Petcare Inc.
  • Big Heart Pet Brands
  • Hill’s Pet Nutrition
  • Diamond Pet Foods
  • Blue Buffalo

Browse related reports:

Pet Food Market Research Report: https://www.imarcgroup.com/pet-food-market

Dog Food Market Research Report: https://www.imarcgroup.com/dog-food-manufacturing-plant

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Palm Oil Market Overview 2018: Growth, Demand and Forecast Research Report to 2023

The global palm oil market is currently witnessing a positive growth. This can be highly accredited to the factors such as long shelf life and various health benefits of palm oil, expanding non-food applications as well as a strong demand from emerging regions.

palm-oil

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Palm oil is an edible vegetable oil extracted from the fruit of oil palms. The appearance of palm oil is reddish in colour due to the high beta carotene content. As compared to other vegetable oils, palm oil has emerged as the key global source of vegetable oil on account of satisfactory availability, versatility in usage and lower cost. Further, healthcare benefits of palm oil include ability to enhance energy levels, improve eye vision, boost immunity system, prevent premature ageing and reduce the risk of cancer and heart diseases. A new research report title “Palm Oil: Global Industry Trends, share, Size, Growth, Opportunity and Forecast 2018-2023” by IMARC Group estimates that the market reached a volume 73 million tons in 2017. The report further anticipates the market to reach approximately 96 million tons by 2023, at a projected CAGR of 4.8% over the forecast period.

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Market Drivers/Constraints:

  • As palm oil is resistant to oxidation and can be used in even high temperatures, it helps in promoting a longer shelf life of the products. This has facilitated its application in a number of products in the food industry.
  • In recent years, governments across various nations have taken initiatives to curb the consumption of trans-fat which has resulted in the increased use of palm oil globally.
  • There is also a high demand for palm oil in the consumer goods industry as a result of its fatty acid composition, where it is widely used for manufacturing soaps, detergents, lubricants, greases, candles, etc.
  • Moreover, palm oil is also being considered as an effective alternative to fossil fuels in transportation and energy industries. In addition, it is also used as an alternative to mineral oil in power stations for energy production.
  • However, as the cultivation of palm oil involves the felling of tropical forests or the burning of peatlands, this has elevated the levels of deforestation, particularly in South-east Asia. This acts as a major constraint for the growth of the palm oil market.

Application Insights:

Based on application, foods represent the largest application segment accounting for the majority of the global palm oil market. This can be accredited to the rising consumer preferences for healthier cooking oil in both mature as well as emerging markets. Foods is followed by consumer products and energy.

Regional Insights:

On a geographical front, India exhibits a clear dominance in the palm oil market. This is due to the confluence of affordability of palm oil and various government initiatives. It is followed by Indonesia, the European Union, China, Malaysia, etc.

Competitive Landscape:

The market is highly concentrated with the presence of established manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for new entrants to survive without any acquisition. Some of the leading players operating in the market are:

  • Wilmar International
  • Sime Darby Berhad
  • IOI Corporation
  • Astra Agro Lestari
  • Kuala Lumpur Kepong Berhad
  • Golden Agri

Browse related reports:

Canola Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Indian Shrimp Market – Industry Trends, Share, Size, Growth, Opportunity and Forecast Report 2017-2022

The Indian shrimp market has been showing a positive growth. This can be accredited to increasing health consciousness, high nutritional content, easier availability of shrimp and rising exports to Europe and the United States.

indian shrimp

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The latest report by IMARC Group, titled “Indian Shrimp Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, has found that the Indian shrimp market reached a value of INR 17,600 Crores in 2016. Shrimp is a small, free-swimming invertebrate marine animal with elongated body. It is low in fat and contains a high amount of selenium, magnesium, copper, zinc, sodium, iron and vitamins A, B6, C and E. This makes it an ideal ingredient of Indian cuisines like curry, pulao and balchao. At present, shrimp is sold in various forms such as smoked, fresh, dried and processed. In India, shrimp farming has witnessed several changes on account of availability of untapped water resources and technological advancements.

Highlights of the Indian shrimp market:

  • A growing trend of ready-to-eat food products is one of the primary factors driving the market growth.
  • White-leg shrimp is the most popular species due to its disease resistant properties.
  • Andhra Pradesh holds the majority of shrimp production, representing the largest state.

India is one of the largest fish producers in the world with shrimps accounting for the majority of the total production. A key trend that has been witnessed in the country is the growing demand for ready-to-eat food products owing to the hectic lifestyles of consumers. This has, in turn, facilitated the growth of the market in the region. Moreover, an augmented demand for shrimp across the globe has led to the rapidly increasing exports to regions such as Europe, the United States, Vietnam and Japan, which is fostering the growth of the market. Other factors that have been proactive in maintaining the growth include rising health consciousness, elevating consumers’ incomes and improving standards of living in the country. On the other hand, factors such as infrastructural challenges, outbreaks of diseases and adverse weather conditions act as challenges for the growth of the market. Further, the market is expected to reach a value of INR 37,600 Crores, exhibiting a CAGR of 13.5% during 2017-2022.

On the basis of freezing technologies, IQF currently exhibits a clear dominance in the market where every piece of shrimp is frozen individually. It is followed by block freezing where they are weighed and packed in wax laminated cartons with a lining of water-proof material. Based on species, Penaeus Vannamei (white-leg shrimp) represents the most popular species followed by Penaeus Monodon (Black Tiger Shrimp) and others. Region-wise, Andhra Pradesh accounts for the majority of the total share. Other major regions include West Bengal, Tamil Nadu and Pondicherry, Gujarat and Orissa.

Read full report with TOC: http://www.imarcgroup.com/indian-shrimp-market

The report by IMARC Group has examined the Indian shrimp market on the basis of:

Freezing Technology:

  • IQF
  • Block freezing

Species:

  • Penaeus Vannamei (White-leg shrimp)
  • Penaeus Monodon (Black Tiger Shrimp)
  • Others

Region:

  • Andhra Pradesh
  • West Bengal
  • Tamil Nadu and Pondicherry
  • Gujarat
  • Orissa

Browse related reports:

Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Prawn Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pickles Market Overview 2017, Demand by Regions, Types and Analysis of Key Players

The global pickles market has witnessed a healthy growth over the years, owing to the increasing applications of pickles due to their numerous health benefits, and the rising demand for non-GMO pickles among the consumers.

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The latest report by IMARC Group, titled “Pickles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global pickles market reached a value of more than US$ 10 Billion in 2016. Pickles consist of vegetables and fruits soaked in the solution of vinegar or salt brine which helps to preserve them for a longer period of time. The solution prevents the pickles from decaying and encourages fermentation which makes them less vulnerable to spoilage-causing bacteria. Earlier this process was invented to preserve the vegetables and fruits, but nowadays pickles are consumed extensively as people relish the resulting flavour which is determined by several factors, such as the temperature of fermentation, the acidity or salinity of the solution and the exclusion of oxygen.

Highlights of the global pickles market:

  • The rising popularity of organic and non-GMO pickles coupled with the introduction of innovative products are driving the growth of the market.
  • Supermarkets and hypermarkets are the most popular distribution channels.
  • North America represents the largest market, accounting for the majority of the market share.

The health benefits offered by pickles is the major reason for their rising demand across the globe. They introduce vitamin-B to improve the nutritional value of food, supply essential minerals and vitamins, reduce ulcers, help in digestion and possess anti-oxidant properties. Further, increasing preference for healthier varieties of pickles with lower salt content, and non-GMO and organic ingredients is influencing the market growth. Moreover, pickles are used as toppings to enhance the taste of various food products such as sushi, sandwiches, hotdogs, burgers, etc. This, in turn, has propelled the demand for pickles globally. According to the report, the global pickles market is further expected to reach a value of about US$ 12 Billion by 2022, exhibiting a CAGR of nearly 3% during 2017-2022.

The market is segmented on the basis of product type into fruit pickles, vegetable pickles and meat pickles. On the basis of taste, the market is segregated in sweet, salty and sour pickles. Based on distribution channel, supermarkets and hypermarkets represent the most popular distribution channel. It is followed by convenience stores, independent retailers and online. Region-wise, North America currently accounts for the majority of the global share, followed by Asia Pacific and Europe. Other major regions are the Middle East and Africa, and Latin America. On evaluating the competitive landscape of the market, it is found that the key players include ADF Foods, Pinnacle Foods Inc., Kraft Heinz, Del Monte Foods and Reitzel.

Read full report with TOC : http://www.imarcgroup.com/pickles-market

The report by IMARC Group has examined the global pickles market on the basis of:

Type:

  • Fruit Pickles
  • Vegetable Pickles
  • Meat Pickles
  • Others

Taste:

  • Sweet Pickles
  • Salty Pickles
  • Sour Pickles

Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Distribution Channel:

  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Independent Retailers
  • Online
  • Others

Key Players:

  • ADF Foods
  • Pinnacle Foods Inc
  • Kraft Heinz
  • Del Monte Foods
  • Reitzel

Browse related reports:

Table Butter Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2021

Lassi Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2021

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Prawn Market Overview 2017, Demand by Regions, Share, Price Trends and Forecast to 2022

The global prawn market has experienced a positive growth over the years, owing to the increasing consumption of various processed prawn products, such as peeled prawn, shell-on prawn, cooked prawn, and breaded prawn.

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The latest report by IMARC Group, titled “Prawn Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global prawn market reached a volume of nearly 5 Million Tons in 2016. Prawns are shrimp-like aquatic crustaceans with ten legs and an exoskeleton. People residing near seashore often consume prawns as they offer numerous health benefits. They are an excellent source of high quality protein and also provide minerals and vitamins in an extremely diverse set of healthy and tasty meals. Prawns are extremely low in calories and help the body to build muscles, produce energy and replenish red blood cells. On account of this, they form an important part of various cuisines and represent one of the most traded seafood species.

Highlights of the global prawn market:

  • Consumer’s demand for fresh and frozen seafood is anticipated to be the major demand driver.
  • Peeled prawn is the most popular product type, holding the majority of the total market share.
  • China accounts for the majority of the global share, representing the largest producer of prawns.

The surging consumption for fresh and frozen seafood products is one of the major factors that is fueling the demand for prawns worldwide. Additionally, prawns offer an ideal combination of fats and proteins which makes them very beneficial for the human health. This has led to a shift in the food habits of the consumers across the globe towards the consumption of healthier seafood products, thereby boosting the global prawn market. Some of the other factors contributing to the market growth include easy availability of prawns, launch of new ready-to-eat product variants with improved taste and versatility, rising purchasing power of the consumers, rapid urbanization, growth in the aquaculture activities, and improved cold storage facilities, particularly in the emerging regions. According to the report, the global prawn market is further expected to reach a volume of more than 6 Million Tons by 2022, exhibiting a CAGR of more than 4% during 2017-2022.

On the basis of species, the market is segmented into Penaeus vannamei, Penaeus monodon and others. Currently, Penaeus vannamei is the most popular species, holding the majority of the total market share. Based on the type of processed prawn products, the market includes peeled prawn, shell-on prawn, cooked prawn and breaded prawn, wherein peeled prawn dominates the market. Region-wise, China represents the leading market, accounting for the largest share. Other major regions include Indonesia, Vietnam, India, Thailand and Ecuador.

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The report by IMARC Group has examined the global prawn market on the basis of:

Species:

  • Penaeus vannamei
  • Penaeus monodon
  • Others

Type:

  • Peeled prawn
  • Shell-on prawn
  • Cooked prawn
  • Breaded prawn

Region

  • China
  • Indonesia
  • Vietnam
  • India
  • Thailand
  • Ecuador

Browse related report:

Shrimp Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Mayonnaise Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Potato Starch Market 2017: Region Wise Analysis of Top Players in Market By Types and Application

The global potato starch market has witnessed a stable growth over the past several years. This can be accredited to the rising demand for potato starch from the flourishing food and beverage industry and expansion in other industries such as paper, pharmaceutical, and textile industries.

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According to the latest report by IMARC Group, titled “Potato Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global potato starch market reached a volume of 3.5 Million Tons in 2016. Potato is one of the most popular feedstock used for starch production. The starch is obtained by crushing the potatoes which release starch grains from the cells which is then washed off and dried to obtain the final product. Potato starch has a neutral taste, high binding strength and a minimal tendency of foaming or yellowing the solution. It also acts as a thickener and lends a light, fluffy texture to the baked goods. Moreover, potato starch offers health benefits such as reducing the absorption of toxic compounds, increasing the synthesis of calcium and magnesium, and lowering blood sugar levels. Owing to these properties, it is extensively used in several food products such as noodles, wine gums, cocktail nuts, potato chips, hot dog sausages, bakery cream, and instant soups and sauces.

Highlights of the global potato starch market:

  • The thriving food and beverage industry remains the key growth inducing factor.
  • Food segment is the biggest application area, holding two-thirds of the total market.
  • Europe represents the leading market for potato starch, accounting for more than a half of the global share.

The growth of the food and beverage industry, on account of rising disposable incomes and rapid urbanization, has resulted in an augmented demand for potato starch. Apart from this, the market is also driven by the varied applications of potato starch in the paper, textile, adhesive, chemical and pharmaceutical industries. Another factor that has contributed to the market growth is the easy availability of raw materials as potatoes are one of the most largely grown vegetables all around the world. However, despite the presence of numerous forces, the market faces some challenges as well. Storage losses of potatoes along with availability of substitutes is a major restraint of the market. According to the report, the market is anticipated to reach a volume of 4.2 Million Tons by 2022, growing at a CAGR of nearly 3% during 2017-2022.

The market has been segmented on the basis of key applications including food and industrial sectors. Currently, the food sector is the largest application area, accounting for two-thirds of the total share. The market is also segmented on a regional basis, covering Europe, Asia Pacific, North America, Latin America, and Middle East and Africa. Amongst these, Europe represents the largest market, holding more than a half of the total share. On analyzing the competitive landscape of the market, it is found that AVEBE, Emsland Starke, Roquette, KMC and Sudstarke are the key players operative in the market.

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 The report by IMARC Group has examined the global potato starch market on the basis of:

Application:

  • Food sector
  • Industrial sector

Region:

  • Europe
  • Asia Pacific
  • North America
  • Latin America
  • Middle East and Africa

Key Players:

  • AVEBE
  • Emsland Starke
  • Roquette
  • KMC
  • Sudstarke

Browse related reports:

Corn Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

Native Starch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Milk Chocolate Market Market Overview 2017, Demand by Regions, Share and Forecast to 2022

The global milk chocolate market has experienced a steady growth in recent years. The major factor which has contributed in influencing the market growth is the growing popularity of milk chocolate due to its diverse applications and health benefits which helps fighting several diseases.

The latest report by IMARC Group titled, “Milk Chocolate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global milk chocolate market reached a value of nearly US$ 59 Billion in 2016, growing at a CAGR of nearly 4% during 2009-2016.Milk chocolate is one of the most preferred chocolates in the world. The principal ingredients of milk chocolate are sugar, chocolate liquor, and cocoa solids. Along with this, liquid milk, or milk powder are also added to give the chocolate a rich and smooth texture. Milk chocolate possesses a fairly lighter colour as compared to dark chocolate and offers a creamy flavour. Owing to its popularity, milk chocolate is being used in a variety of food products – cookies, chocolate bars, cakes and crispies; beverages – syrups and smoothies; cosmetics, etc.

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Highlights of the global milk chocolate market:

  • The widening applications and health benefits of milk chocolate are the biggest driving factors for the growth of the market.
  • Europe represents the largest market for milk chocolate, accounting for the majority of the share.
  • The market is expected to reach a value of around US$ 70.5 Billion by 2022.

Milk chocolate provides several health benefits, as a result of which its demand has witnessed an increase in the past several years. A research has found milk chocolate to be beneficial for boosting memory, preventing cardiovascular diseases, improving the immune system, besides offering a hydrated and smooth skin. Apart from this, the presence of flavonoids, a type of antioxidants found in milk chocolate, helps in stimulating the blood flow by removing ‘free radicals’ from the blood stream which are a primary cause of age-related arthritis. Owing to these factors, the market for milk chocolate is expected to reach a value of around US$ 70.5 Billion by 2022.

The market is segmented on the basis of distribution channels, which covers super- and hyper-markets, convenience stores, and non-grocery retailers. The market is also segmented on the basis of key regions, including Western Europe, North America, Eastern Europe, Asia, Latin America, Middle East and Africa, and Australasia. Amongst these, Europe is the largest market for milk chocolate, accounting for the majority of the market share.

The report provides a deep insight into the global milk chocolate industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a milk chocolate manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, consultants, and all those who have any kind of stake or are planning to foray into the milk chocolate industry in any manner.

Read Full Report with TOC: www.imarcgroup.com/milk-chocolate-market

The report has examined the global milk chocolate market on the basis of:

Distribution Channels:

Super- and Hyper-markets
Convenience stores
Non-Grocery Retailers

Key Regions:

Western Europe
North America
Eastern Europe
Asia
Latin America
Middle East and Africa
Australasia

Find more reports on food & beverage industry @ www.imarcgroup.com/categories/food-beverages-market-reports

About us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

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