According to a new report, published by KBV research, The Global Malted Milk Market size is expected to reach $2.8 billion by 2030, rising at a market growth of 5.5% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,918.1 hundred tonnes, experiencing a growth of 5.8% (2019-2022).
The Barley segment is leading the Global Malted Milk Market by Source in 2022; thereby, achieving a market value of $2,206.5 Million by 2030. Barley contains natural sugars that provide a mild sweetness to malted milk, reducing the need for excessive added sugars. This can be advantageous for manufacturers aiming to meet consumer preferences for beverages with lower sugar content while maintaining a pleasant taste. Barley is a nutrient-dense grain that contains essential vitamins and minerals, including B vitamins, iron, magnesium, phosphorus, and selenium. The malting process activates enzymes in barley, making these nutrients more bioavailable and contributing to the overall nutritional value of malted milk.
The Supermarkets/Hypermarkets segment is registering a CAGR of 5.8% during (2023 - 2030). Supermarkets and hypermarkets often have a dedicated aisle or section for dairy and beverage products where malted milk can be found. Products may include malted milk powder, liquid malted milk, beverages, and related items. Supermarkets and hypermarkets typically offer malted milk in various formats, such as powder, liquid, and ready-to-drink beverages. Eye-catching displays and promotions further enhance the visibility of malted milk, attracting consumer attention. Some supermarkets and hypermarkets offer private-label malted milk products manufactured specifically for their brand.
Full Report: https://www.kbvresearch.com/malted-milk-market/
The North America region dominated the Global Malted Milk Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $934.6 Million by 2030. The Europe region is anticipating a CAGR of 5.3% during (2023 - 2030). Additionally, The Asia Pacific region would exhibit a CAGR of 6.2% during (2023 - 2030).
By Source (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Hundred Tonnes, USD Billion, 2019-2030)