Overview and Scope
The malted milk food refer to products made by blending milk with the mash liquid which is produced by a mash of the barley malt and wheat flour. Malted milk food contains a high-quality nutritional value offering convenience, digestibility, and palatability. It is a beneficial supplement to enhance memory, immunity, and concentration.
Sizing and Forecast
The malted milk food market size has grown strongly in recent years. It will grow from $6.46 billion in 2023 to $6.98 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to traditional use of malted milk in beverages and confectionery, nutritional benefits and high nutrient density of malted milk, consumer preference for healthier and natural ingredients, growth in the dairy and dairy-based products industry, application of malted milk in bakery and breakfast cereals, expansion of the food processing and beverage industries.
The malted milk food market size is expected to see strong growth in the next few years. It will grow to $9.38 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to rising demand for fortified and functional foods, increased consumer awareness of nutritional benefits, expansion of the health and wellness market segment, growing preference for plant-based malted milk alternatives, emerging markets and changing consumer preferences. Major trends in the forecast period include malted milk in functional and sports nutrition products, flavored and specialty malted milk varieties, use of malted milk in ice creams and frozen desserts, incorporation of malted milk in baked goods and snacks, clean label and non-gmo claims for malted milk products.
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Segmentation & Regional Insights
The malted milk food market covered in this report is segmented –
1) By Source: Wheat, Barley, Other Sources
2) By Product Type: Milk, Powder
3) By Packaging: Tins, Jars, Carton Packs, Other Packaging
4) By Distribution Channel: Hypermarket/Supermarket, Convenience Stores, Online Retailers, Other Distribution Channels
Asia-Pacific was the largest region in the malted milk foods market share in 2023. The regions covered in the malted milk food market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising demand for flavored milk is expected to significantly contributing to the growth of the malted milk food market in the forecast period. Flavored milk refers to a sweetened dairy drink made with milk, sugar, flavorings and food colorings. Flavored milk is consumed more as it offers more nutrition and less sugar than juices and sports drinks thus increasing intake of the dairy foods. The demand for flavored milk increases the demand for malted milk foods that are a source of rich nutrition and flavored with malt liquids. For instance, in November 2021, according to the Dairy Foods Magazine, a US-based online publication that covers various aspects of the dairy and dairy foods industry, flavored milk sales in dollars climbed 4.8% to $1,646,5 million, while sales in units increased 1.0% to $658.2 million. Therefore, the rising demand for flavored milk will contribute to the growth of the malted milk food market .
Key Industry Players
Major companies operating in the malted milk food market include Nestle SA, GlaxoSmithKline plc, Briess Malt & Ingredients Inc., Imperial Malts Ltd., SSP Pvt Ltd., Abbott Laboratories, Danone S.A., Mead Johnson Nutrition Company, Kraft Heinz Company, Hain Celestial Group Inc., Honest Company Inc., Nature’s One Inc., HiPP GmbH & Co. Vertrieb KG, Ausnutria Dairy Corporation Ltd., Synutra International Inc., Beingmate Baby & Child Food Co. Ltd., Inner Mongolia Yili Industrial Group Company Limited, Feihe International Inc., Biostime International Holdings Limited, Wissun International Group Co. Ltd., Otsuka Holdings Co. Ltd., Morinaga Milk Industry Co. Ltd., Yakult Honsha Co. Ltd., FrieslandCampina NV, Meiji Holdings Co. Ltd., Arla Foods amba, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Hero Group, Bellamy’s Organic Ltd.
The malted milk food market report table of contents includes:
1. Executive Summary
- Malted Milk Market Characteristics
- Malted Milk Market Trends And Strategies
- Malted Milk Market – Macro Economic Scenario
- Global Malted Milk Market Size and Growth
- Malted Milk Market Segmentation
- Malted Milk Market Regional And Country Analysis
………………..
- Key Mergers And Acquisitions In The Malted Milk Market
- Malted Milk Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Malted Milk Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Malted Milk Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Malted Milk Market, Segmentation By Packaging, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
……………..
Table 75: Nestle SA Financial Performance
Table 76: GlaxoSmithKline plc Financial Performance
Table 77: Briess Malt & Ingredients Inc. Financial Performance
Table 78: Imperial Malts Ltd. Financial Performance
Table 79: SSP Pvt Ltd Financial Performance
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