Malted Milk Food Market Poised for 0.0750896781063755 % Growth, Set to Hit $5.32 Billion by 2029

What combination of drivers is leading to accelerated growth in the malted milk food market?
The growing appeal of flavored milk is projected to substantially boost the malted milk food market within the forecast period. Essentially, flavored milk is a sweetened dairy beverage made with milk, sugar, flavorings, and food colorings. It's widely consumed as it delivers more nutritional benefits and contains less sugar compared to juices and sports drinks, thus promoting dairy food consumption. The increasing demand for flavored milk subsequently fuels the demand for malted milk foods, which are nutritious and flavored with malt extracts. For example, Dairy Australia, an organization based in Australia focused on the dairy industry, reported in July 2023, that flavored milk sales had surged to 235 million litres in 2023, an increase from 232 million litres in 2022. Consequently, the escalating demand for flavored milk is expected to enhance the malted milk food market's growth.

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What is the projected compound annual growth rate (CAGR) of the malted milk food market from 2025 to 2034, and what factors influence it?
The market for malted milk food has experienced significant expansion in the past few years. Its growth is projected to escalate from $6.98 billion in 2024 to $7.54 billion in 2025, registering a compound annual growth rate (CAGR) of 8.0%. The surge observed in the historical phase is linked to the conventional use of malted milk in drinks and sweets, its high nutrient content and health benefits, the trend towards healthier and more natural ingredients among consumers, the expansion within the dairy industry and the dairy derivative products sector, the usage of malted milk in pastries and breakfast cereals, as well as the widening of the food processing and beverage sectors.

The malted milk food industry is projected to witness significant expansion in the approaching years, with the market size escalating to $10.07 billion by 2029 and an expected CAGR of 7.5%. The surge anticipated within the forecast period owes much to the increasing demand for nutrient-fortified and functional foods, elevated consumer consciousness about nutritional advantages, growth in the health and wellness market segment, increasing inclination towards plant-derived malted milk substitutes, evolving markets, and shifts in consumer preferences. Key market trends in the forecast period comprise the integration of malted milk in functional and sports nutrition products, flavoured and speciality malted milk variants, inclusion of malted milk in ice-creams and frozen desserts, the application of malted milk in baked edibles and snacks, in addition to clean label and non-genetically modified organism assertions for malted milk items.

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How are the latest trends influencing the growth of the malted milk food market?
The trend of focusing on natural ingredient development in products is increasingly becoming popular among manufacturers in the malted milk food market. Key market players are placing an emphasis on including natural ingredients in their offerings to enhance nutritional value and establish a stronger market presence. Natural ingredients, which are based on plant, animal, mineral, or microbial substances, provide numerous health advantages and are essential in filling products with nutrients. As an example, Nestle S.A., a Swiss firm that creates malted milk foods, introduced a plant-based Milo chocolate malt drink in February 2022. This dairy-free, vegan alternative to the popular Milo brand is suitable for those following plant-based diets, individuals living with lactose intolerance, or those who prefer dairy-free choices. The company believes that this new offering will support the growing trend towards plant-based alternatives.

What are the major segments of the malted milk food market and their role in driving growth?
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: Hyper market/Super market, Convenience Stores, Online Retailers, Other Distribution Channels

Subsegments:
1) By Wheat: Wheat Malt Extract, Whole Wheat Malt Powder
2) By Barley: Barley Malt Extract, Whole Barley Malt Powder
3) By Other Sources: Rye, Oats, Other Grains

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Which regions are key players in the growth of the malted milk food market?
Asia-Pacific was the largest region in the malted milk foods market share in 2024. 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.

Who are the key firms paving the way for growth in the malted milk food market?
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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What Is Covered In The Malted Milk Food Global Market Report?

•Market Size Forecast: Examine the malted milk food market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the malted milk food market for a structured understanding.
•Key Players Overview: Analyze major players in the malted milk food market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the malted milk food market.
•Segment Contributions: Evaluate how different segments drive overall growth in the malted milk food market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the malted milk food market.
•Industry Challenges: Identify potential risks and obstacles affecting the malted milk food market.
•Competitive Landscape: Review strategic developments in the malted milk food market, including expansions, agreements, and new product launches.

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