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Australia Chocolate Milk Market Size, Analysis, Forecast: By Type: Dairy Based Chocolate Milk, Non-Dairy Based Chocolate Milk; By Distribution Channel: Hypermarkets /Supermarkets, Convenience Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Australia Chocolate Milk Market Outlook
The Australia chocolate milk market size reached USD 837.67 million in 2023. The market is expected to grow at a CAGR of 4.5% between 2024 and 2032, reaching almost USD 1314.25 billion by 2032.
Key Takeaways
- In 2022, the average per capita expenditure on chocolate products in Australia stood at AU$196.96. About 49% of adult Australians indulged in candy and chocolate regularly in 2021. Low-income individuals constituted 35% of all chocolate consumers in Australia in 2021.
- As per industry reports, the revenue generated from chocolate confectionery in Australia reached AU$5.13 billion in 2022. As of 2022, Australia is home to 429 manufacturers of chocolate and confectionery products.
Chocolate milk is crafted by blending milk, chocolate, and sweeteners like high-fructose corn syrup or sugars. Renowned for its richness in leucine, vitamins A, B1, B6, and bone-strengthening properties, chocolate milk serves as a convenient energy source and nutrition supplement, fuelling its projected growth. Enriched with cocoa flavanols, chocolate milk enhances brain function, memory, skin hydration, and immune health, appealing to consumers' sweet taste receptors and driving the Australia chocolate milk market growth.
Amidst rising consumer demand for natural, nutritious snacks and a shift towards healthier lifestyles, the chocolate milk market is poised for growth, fuelled by factors such as increasing disposable incomes, flavoured dairy product demand, and retail accessibility. The emergence of non-dairy chocolate milk caters to vegan and lactose-intolerant consumers, offering reduced sugar content and fortified nutrients, further bolstering market prospects.
Health-conscious post-pandemic consumers gravitate towards organic and sugar-free chocolate milk variants, reflecting a shift away from artificial ingredients and fostering opportunities for market players to innovate and expand their offerings. In Australia, where chocolate milk has become ingrained in the cultural fabric, the industry thrives amidst a robust industrial landscape, with food and beverage processing playing a pivotal role in the nation's economy as well as aiding the Australia chocolate milk market development.
Market Segmentation
Australia Chocolate Milk Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Dairy Based Chocolate Milk
- Non-Dairy Based Chocolate Milk
Market Breakup by Distribution Channel
- Hypermarkets /Supermarkets
- Convenience Stores
- Online
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Western Australia
- Australian Capital Territory
- Others
Competitive Landscape
Key players in the chocolate milk in Australia follow standard merger and acquisitions, offer low interest rates and improved products/services to support end users in the market.
- Fleurieu Milk Company
- The Little Big Dairy Co.
- Lactalis Australia Pty Ltd
- Brownes Foods Operations Pty Ltd
- Norco Co-operative Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Chocolate Milk Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Chocolate Milk Historical Market (2018-2023)
8.3 Asia Pacific Chocolate Milk Market Forecast (2024-2032)
9 Australia Chocolate Milk Market Overview
9.1 Key Industry Highlights
9.2 Australia Chocolate Milk Historical Market (2018-2023)
9.3 Australia Chocolate Milk Market Forecast (2024-2032)
10 Australia Chocolate Milk Market by Type
10.1 Dairy Based Chocolate Milk
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Non-Dairy Based Chocolate Milk
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Chocolate Milk Market by Distribution Channel
11.1 Hypermarkets /Supermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Convenience Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Online
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Australia Chocolate Milk Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Fleurieu Milk Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Little Big Dairy Co.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Lactalis Australia Pty Ltd
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Brownes Foods Operations Pty Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Norco Co-operative Limited
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Chocolate Milk Market: Key Industry Highlights, 2018 and 2032
2. Australia Chocolate Milk Market: Key Industry Highlights, 2018 and 2032
3. Australia Chocolate Milk Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Australia Chocolate Milk Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Australia Chocolate Milk Historical Market: Breakup by Distribution channel (USD Billion), 2018-2023
6. Australia Chocolate Milk Market Forecast: Breakup by Distribution channel (USD Billion), 2024-2032
7. Australia Chocolate Milk Historical Market: Breakup by Region (USD Billion), 2018-2023
8. Australia Chocolate Milk Market Forecast: Breakup by Region (USD Billion), 2024-2032
9. Australia Chocolate Milk Market Structure
Key Questions Answered in the Report
The market is estimated to be valued at USD 837.67 million in 2023.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The chocolate milk market is expected to reach USD 1314.25 million in 2032.
The market is categorised according to its type, which includes dairy based chocolate milk and non-dairy based chocolate milk.
The key market players are Fleurieu Milk Company, The Little Big Dairy Co., Lactalis Australia Pty Ltd, Brownes Foods Operations Pty Ltd, Norco Co-operative Limited, and others.
The market is driven by factors that include increasing disposable incomes, flavoured dairy product demand, and retail accessibility, among others.
The market is categorised according to its distribution channel, which includes hypermarkets /supermarkets, convenience stores, online, and others.
Australians have a penchant for chocolate, devouring an average of 32 kilograms per year, yet there's a burgeoning curiosity surrounding its sourcing and production methods.
Switzerland leads the world in chocolate consumption per capita, surpassing other nations in individual chocolate intake despite not topping the charts in overall chocolate consumption.
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