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Malted Milk Food Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | Nestle SA, GlaxoSmithKline PLC, Briess Malt & Ingredients Inc., Imperial Malts Ltd., SSP Pvt Ltd.
Malted Milk Food Global Market Report
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Malted Milk Food industry. This report on Malted Milk Food market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
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%.
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Key Market Players:
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.
Market Drivers:
According to the Malted Milk Food Market Report 2024 by The Business Research Company, the key factors driving the growth of the Malted Milk Food market, includes 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.
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Market segments for Malted Milk Food include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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