The Asia Pacific Malted Milk Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 469.4 hundred tonnes, showcasing a growth of 6.4% (2019-2022).
Malted Milk is positioned as a healthier alternative in various food and beverage categories. Advancements in food processing technologies have opened new possibilities for incorporating malted milk into diverse products. Improved production methods, such as spray drying and extrusion, have enhanced the stability and versatility of malted milk powder, enabling its integration into a broader range of applications.
Collaborations between malted milk manufacturers and other players in the food industry have become instrumental in expanding market reach. Joint ventures and partnerships allow for innovative products that leverage the unique characteristics of malted milk. Malted milk's unique taste profile aligns well with this trend, allowing market expansion as it resonates with consumers across different regions and cultural backgrounds.
As consumers increasingly prioritize transparency and simplicity in food products, the market is witnessing a surge in demand for clean-label options. Manufacturers are responding by offering malted milk products with minimal additives and preservatives, catering to health-conscious consumers. The rising popularity of plant-based diets has prompted the development of plant-based malted milk alternatives. Manufacturers are exploring using grains such as oats and rice to create malted milk powders that cater to the increasing need for plant-based and vegan-friendly options. The digitalization of commerce has reshaped how consumers discover and purchase food products. Malted milk manufacturers leverage e-commerce platforms to reach a wider audience, providing convenient product access and enabling direct-to-consumer relationships.
According to the 14th Five-Year Plan (2021-2025), China aims to increase its urbanization rate to 65%. Urbanization is linked to the adoption of modern dietary trends. Malted milk, enriched with proteins and other nutrients, aligns with health-conscious urban consumers who seek nutritional benefits in their food and beverage choices. Therefore, the factors mentioned above will propel the market growth in this region.
The China market dominated the Asia Pacific Malted Milk Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $196.3 Million by 2030. The Japan market is registering a CAGR of 5.5% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.9% during (2023 - 2030).
Free Valuable Insights: The Global Malted Milk Market is Predict to reach $2.8 Billion by 2030, at a CAGR of 5.5%
Based on Source, the market is segmented into Barley, Rye and Wheat. Based on Distribution Channel, the market is segmented into Business to Business, Supermarkets/Hypermarkets, Specialty Stores, and Online Sales Channels. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Source (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
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