Malted Milk Market To Capture A CAGR Of 5.85 %, To Hit USD 3.35 Billion By 2032 | IMR
Malted Milk Market Size is Valued at USD 2.12 Billion in 2023, and is Projected to Reach USD 3.35 Billion by 2032, Growing at a CAGR of 5.85% From 2024-2032.
Malted Milk Market can be described as the market that deals within the manufacturing in addition to sale of products that are malted milk, which is ready from malted barley, wheat flour and milk. This merchandise are also wealthy in vitamins and minerals and the most popular are taken as beverages and as components in food merchandise along with baked merchandise and snacks. In specific, attention of the fitness blessings of meals has increased, there is a need for short and healthful meals.
Malted milk containing vitamins and minerals provide Several vitamins and minerals, help people with correct diets. This is changing the consumption pattern and as a result the companies are likely to record a rise in demand of malted milk products among the children, adults and the elderly.
Key Players Covered in the Malted Milk Market are:
- Nestlé (Switzerland)
- Horlicks (United Kingdom)
- Ovaltine (Switzerland)
- Abbott Laboratories (United States)
- Kraft Heinz Company (United States)
- GlaxoSmithKline (United Kingdom)
- Malt-O-Meal (United States)
- Pepsico (United States)
- Post Consumer Brands (United States)
- Bournvita (India)
- Others
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Malted Milk Market Trend Analysis
Another interesting fact is that now increasingly more human beings recognize the significance of switching to plant-based totally merchandise. Due to the developing trend toward veganism and vegetarianism new milk malted products raised based on plant-derived including almond milk and oat milk and so on. This trend of course goals a extra diverse population with lactose intolerance or dietary restrictions growing the market attain at the same time as call to innovation. Also, the idea of functional ingredients is likewise being experienced in the malted milk market increase trend.
New product development and product differentiation are possible for malted milk marketplace. Companies can't restriction themselves to the enhancement of this drink; purchasers’ taste may additionally range depending upon the desire for development of recent tastes and makes, like chocolate, vanilla, berry or really a malted milk.
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Segmentation of The Malted Milk Market:
By Product Type
- Powdered Malted Milk
- Liquid Malted Milk
By Application
- Food and Beverage
- Nutritional Supplements
- Bakery Products
- Dairy Products
By End user
- Children
- Adults
- Elderly
By Region
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Malted Milk Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
North America is the most giant location within the worldwide malted milk market owing to improved consumption by way of clients and the manufacturers within the vicinity. The area has correct retail network present and its population has a specific preference in fitness and well-being merchandise has also boosted the malted milk marketplace.
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