Malted Milk Market

Malted Milk Market Snapshot (2022 to 2032)

The global demand for malted milk is projected to grow at a steady CAGR of around 5.5% during the forecast period between 2022 and 2032, totaling a valuation of over USD 12.2 Billion by 2027. Rising adoption of malted milk across various industries such as food and beverages, bakeries, dietary supplements etc. is stimulating the growth of malted milk market.

Report Attribute	Details
Malted Milk Market Estimated Growth Rate (2022 to 2032)	5.5% CAGR
Malted Milk Market Projected Size (2027)	USD 12.2 Billion

Malted milk is a powdered gruel made from a mixture of malted cereals (malted barley, wheat flour) and dried milk powder. It is being increasingly used as a flavoring and fortification ingredient in food and beverage. Besides this, it finds application in baking where it helps bakers to prepare and cook dough properly.

Food manufacturers are increasingly using malted milk in preparing a wide range of food products and beverages on account of its ability to impart a creamy mouthfeel and sweetness to the products as well to enhance the nutritional benefits of these food products. Rising consumption of these food products will thus continue to boost the growth of malted milk market during the forecast period.

Demand remains particularly high across developing regions of North America and Western Europe. However, with growing health awareness and increasing spending on food products and beverages, sales of malted milk are slated to grow at a relatively higher CAGR across Asia pacific during the forecast period.

Leading malted milk manufacturers are continuously innovating to meet the end user demands. They are introducing novel products with attractive packaging and affordable rates to woo more and more consumers. This will further accelerate the growth of malted milk market during the forthcoming years.

Which Factors are Stimulating the Growth of Malted Milk Market?

Rising adoption of malted milk across diverse industries including food & beverages, confectionery, and bakery is a major factor providing impetus to the growth of malted milk market.

Over the years, malted milk has become a highly-sought after flavoring ingredient used in food and beverage industry due to its high nutritional profile. Malted milk is prepared from dried milk and malted cereals. It contains various essential nutrients (especially vitamins and miners) that provide various benefits ranging from boosting energy levels and enhancing bone health, to improving vision and promoting circulation.

Rapid expansion of food and beverage industry coupled with increasing usage of malted milk in preparing various food and beverage products is expected to push the demand for malted milk during the assessment period. Various food manufacturing companies are expanding their snack portfolios to meet the changing meal consumption and snacking patterns of consumers.

Similarly, rising awareness about the benefits of malted milk coupled with increasing consumption of snacks will create lucrative opportunities for the manufacturers in the future.

In addition to this, rising demand for high nutritional value bakery products, especially across developed regions like North America is expected to encourage manufacturers to use malted milk in their products, thereby expanding the global malted milk market size.

What are the Challenges Faced by the Malted Milk Industry?

Although malted milk products are gaining wider popularity there are certain factors that are restraining the growth of malted milk market to some extent. Some of these factors include growing trend of veganism, rise in the number of lactose intolerant people, and false claims about the ill effects of malted milk-based drinks.

Which Factors are Driving the North America Malted Milk Market?

According to Future Market Insights, North America is expected to hold a significant share of the global malted milk market during the forecast period, owing to the increasing consumption of food products like bakeries, confectionery, snacks etc., presence of leading malted milk manufacturing companies, and continuous introduction of innovative product lines such as malted milk confectionery and bakery products.

Over the years, sales of malted milk have risen at a substantial across the USA due to thriving food and beverage industry, increasing consumer spending, and increasing penetration of online food platforms. According to the Economic Research Service of the USA Department of Agriculture (USDA), food spending by USA consumers, businesses, and government entities totaled D1.69 trillion in 2020 and this number is likely to further grow during the forthcoming years, thereby creating space for malted milk market growth.

Similarly, development of plant based malted milk products supported by rising consumer preference towards dairy alternatives will further expand the malted milk market size during the assessment period.

Why is Demand for Malted Milk Rising Across Asia-Pacific?

With rising consumption of diary-based food products due to rapidly growing population, increasing disposable income, and changing lifestyle, Asia Pacific market is set to grow at a robust pace during the forecast period.

Demand for malted milk is particularly rising across fast growing nations like China and India due to growing consumer preference for high nutritional foods and beverages. Many food manufacturing companies across Asia Pacific are using malted milk in their products to make them more nutritional and tastier.

Similarly, increasing penetration of online food delivery service platforms will further create opportunities for malted m ilk manufacturers in the region during the forthcoming years.

Market Competition

Some of the leading manufacturers of malted milk include Briess Malt & Ingredients, Nestlé S.A., Muntons plc, Imperial Malts Ltd., SSP Pvt Limited, Insta Foods, Family Cereal Sdn. Bhd., Food & Biotech Engineers India Private Limited., and King Arthur Flour Company, Inc., among others.

These leading players are increasingly adopting various strategies such as new innovative product launches, partnerships, acquisitions, collaborations, establishment of new facilities across attractive markets, etc. to gain a competitive edge in the global malted milk market.

Companies like Nestle and Imperial Malts have become global leaders in malted milk products. Their brands are being increasingly utilized by people due to better quality.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 5.5% from 2022 to 2032
Projected Market Size (2027)	12.2 Billion
Base Year for Estimation	2021
Historical Data	2015 to 2020
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Source, End User, Distribution Channel, Packaging, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa
Key Companies Profiled	Imperial Malts Ltd, Muntons plc, SSP Pvt Limited, Nestlé S.A., Insta Foods, Briess Malt & Ingredients, Family Cereal Sdn. Bhd., Food & Biotech Engineers India Private Limited., and King Arthur Flour Company, Inc.
Customization	Available Upon Request

Key Segments Profiled in the Malted milk Industry Survey

By Source:

• Barley
• Wheat
• Others

By End User:

• Retail
• Food Industry
• Dairy
• Bakery
• Confection
• Snacks
• Milkshakes & smoothies
• Dietary supplements
• Others

By Distribution Channel:

• Direct
• Indirect
• Hypermarkets/Supermarkets
• Discount Stores
• Convenience Stores
• Specialty Stores
• Online Retailers
• Others

By Packaging:

• Carton packs
• Jars
• Tins
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Frequently Asked Questions

At what rate will the global malted milk market grow?

FMI projects the global malted milk market to grow at a CAGR of around 5.5% over the assessment period.

Which region will offer lucrative opportunities for malted milk manufacturers?

Asia Pacific is likely to emerge as the most lucrative market for malted milk during the forecast period.

Which are some prominent malted milk manufacturers?

Briess Malt & Ingredients, Muntons plc, Food & Biotech Engineers India Private Limited., SSP Pvt Limited, Imperial Malts Ltd., Insta Foods, Family Cereal Sdn. Bhd., Nestlé S.A. and King Arthur Flour Company, Inc. are some prominent malted milk manufacturers