Milk Chocolate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Milk Chocolate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Milk Chocolate Price Trend for the First Half of 2023

In the Asian Pacific market, the prices of milk chocolate inclined consistently in the first two quarters of 2023 as the market sentiments were supported by a rise in the cost of feedstock materials. This rise in the prices was also a direct consequence of the short supply of cocoa. The reason for the lower production rates was the extreme weather conditions, such as El Nino, which resulted in a hotter and drier climate than usual in the central and eastern tropical Pacific Ocean.

Milk Chocolate Price Chart

Milk Chocolate Price Trends

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The global markets of milk chocolate also enjoyed inflation in the global food markets, which were highly influenced by the Russia-Ukraine crisis and high rates of consumption of sugar, cocoa, butter, and chocolate, especially in Europe. While the supply from a majority of exporting nations, such as India, Thailand, and Mainland China, accelerated the rise in the price trend of milk chocolate.

Analyst Insight

According to Procurement Resource, the price of Milk Chocolate is estimated to rise in the upcoming quarters as the demand from the consumer sector will likely grow while the rates of production continue to suffer.

Procurement Resource provides latest prices of Milk Chocolate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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Milk Chocolate is basically a solid chocolate that is made of or produced with milk. Milk is added to the chocolate in the powdered form, liquid form, or condensed form. Milk Chocolate is widely utilised commercially because of its unique properties, texture and flavours.

Product Details

Report Features Details
Product Name Milk Chocolate
Industrial Uses Syrup, Cookies, Muffins, Bars, Cakes and pastries, Ice creams
Supplier Database The Hershey Company, Nestlé S.A, Ferrero U.S.A., Inc, Barry Callebaut AG, Mondelez International, Blommer Chocolate Company
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Process

  • Production of Milk Chocolate via Conching and Tempering

To produce Milk Chocolate, cocoa liquor is first derived from the cocoa nibs of the cocoa beans. Cocoa nibs are roasted and ground to a very fine, liquid mass, the cocoa liquor, which is one of the main ingredients of chocolate. Then, cocoa liquor is mixed with cocoa butter, sugar, and milk powder to form a fine chocolate powder which is finally conched in a conching press. The obtained product is caramelised to produce Milk Chocolate.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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