Malted Milk Food Market Report 2024: Strategies And Recent Developments | Nestle SA, GlaxoSmithKline plc, Briess Malt & Ingredients Inc., Imperial Malts Ltd., SSP Pvt Ltd., Abbott Laboratories

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The Business Research Company offers in-depth market insights through Malted Milk Food Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth 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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Market Segmentation:
The main types of sources for malted milk foods are wheat, barley and others. The wheat malted milk foods made from wheat, with or without the addition of flavoring agents and spices which are used to convert the starch to simple sugars during the mashing process and provides higher levels of proteins, and fat. The product types of malted milk foods are milk and powder and are packaged in tins, jars, carton packs and others. Malted milk foods are distributed by channels such as hypermarket/supermarket, convenience stores, online retailers and others.

Major Driver - Flavored Milk's Rising Popularity Driving Growth In The Malted Milk Food Market
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 .

Competitive Landscape:
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.

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Top Trend - Growing Popularity Of Natural Ingredients Is Driving Innovation In The Malted Milk Food Market
Manufacturers focusing on the development of natural ingredients in products is a key trend gaining popularity in the malted milk food market. Key players operating in the malted milk food market are focusing on incorporating natural ingredients in their products to offer better nutritional values and strengthen their position in the market. Natural ingredients are raw materials that are based on plant, animal, mineral, or microbial ingredients. These offer several health benefits while filling products with nutritional essentials. For instance, in February 2022, Nestle S.A. a Switzerland-based company that manufactures malted milk foods launched plant-based milo chocolate malt drink. This is a dairy-free and vegan version of the popular Milo brand, serves as an alternative to the traditional milo product which is designed for individuals who follow plant-based diets, are lactose intolerant, or simply prefer dairy-free options. The company think that this introduction would contribute to the growing trend of plant-based substitutes.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Malted Milk Food Market Characteristics
3. Malted Milk Food Market Trends And Strategies
4. Malted Milk Food Market - Macro Economic Scenario
5. Malted Milk Food Market Size And Growth
…..
27. Malted Milk Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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