Press release
Malted Milk Food Market: Projected Strong Growth, 8% CAGR, Driven by Consumer Preference for Nutritional and Natural Ingredients and Key Emerging Trends
Malted Milk Food Market
Anticipated market size growth from $6.98 billion in 2024 to $10.07 billion in 2029
What Is The Projected Market Size Of The Global Malted Milk Food Market And Its Growth Rate?
- The malted milk food market size was valued at $6.98 billion in 2024 and is expected to grow to $7.54 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.0%.
- The future growth is forecasted to be significant, with the market anticipated to further increase to $10.07 billion in 2029 at a CAGR of 7.5%.
What Is Driving The Growth In The Malted Milk Food Market?
The rising demand for flavored milk is significantly contributing to the growth of the malted milk food market in the forecast period. Flavored milk, a sweetened dairy drink made with milk, sugar, and food colorings, is consumed more due to its high nutrition and less sugar compared to juices and sports drinks. The increased intake of dairy foods propels the demand for malted milk foods, which are a source of rich nutrition and flavored with malt liquids. For instance, Dairy Australia reported flavored milk sales reached 235 million liters in 2023, up from 232 million liters in 2022, thus indicating the growing market.
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Who Are the Key Players Driving Malted Milk Food Market Growth?
- 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.
What Are The Key Trends In The Malted Milk Food Market?
- 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
What Are The Segments Of The Global Malted Milk Food Market?
- By Source: Wheat, Barley, Other Sources
- By Product Type: Milk, Powder
- By Packaging: Tins, Jars, Carton Packs, Other Packaging
- By Distribution Channel: Hypermarket/Supermarket, Convenience Stores, Online Retailers, Other Distribution Channels
Which Region Leads The Malted Milk Food Market?
Asia-Pacific was the largest region in the malted milk foods market in 2024. The market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Malted Milk Food Market Global Market Report?
- Market Size Analysis: Analyze the Malted Milk Food Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Malted Milk Food Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Malted Milk Food Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Malted Milk Food Market.
- Competitive Developments: Analyse competitive developments, such as expansions, agreements, and new product launches in the market.
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