The global malted milk market size is expected to reach USD 8.12 billion by 2025 registering a CAGR of 5.5%, according to a new report by Grand View Research, Inc. Malted milk is prepared by formulating whole milk powder, malted grain flour, and other ingredients, which are used as fortification and flavoring agents in food and beverages. It is used as a coating ingredient and provides sweetness and a creamy mouthfeel to the food and snack products.
The market growth can be attributed to the rising awareness about the benefits of malted foods and drinks and high demand for the product as nutrition supplement. In addition, rising health consciousness and rapid urbanization and industrialization across the globe are expected to have a positive impact on the market growth. Wheat source segment led the global market in 2018 and will expand further over the forecast period due to easy and abundantly availability of wheat.
It is also estimated to be the fastest-growing segment from 2019 to 2025. Moreover, wheat is cheaper and a better option to formulate with the other ingredients in malted milk. Barley is another key ingredient, which is considered as a highly nutritious substance. It contains proteins, amino acids, soluble fibers, and essential minerals, such as potassium, zinc, calcium, and magnesium.
“Read Report Summary, Toc, Market Segmentation, Research Methodology, Request a Free Sample“ Malted Milk Market Click the link below:
Further key findings from the study suggest:
Asia Pacific is estimated to be the dominant, as well as, fastest-growing regional market over the forecast period due to high product demand
Furthermore, growing population in countries, such as India, Japan, and China, along with increasing health awareness will drive the regional market
Some of the key companies in the market are Nestle S.A., Horlicks, GlaxoSmithKline, Briess Malt & Ingredients, Imperial Malts Ltd.,SSP Pvt. Ltd., Family Cereal Sdn. Bhd., Muntons plc, Food & Biotech Engineers India Pvt. Ltd., and Insta Foods
These companies focus on new product development and capacity expansion to gain a greater market share
Have Any Query? Ask Our Experts (Inquiry Before Buying): www.grandviewresearch.com/inquiry/6438/ibb
Curious to know more? (Request a Free Sample) Click the link below:
Grand View Research has segmented the global malted milk market on the basis of source, type, and region:
Malted Milk Source Outlook (Revenue, USD Billion, 2015 – 2025)
Malted Milk Type Outlook (Revenue, USD Billion, 2015 – 2025)
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
If you need specific information, which is not currently within the article, we will provide it to you as a part of customization
Request for Customization: www.grandviewresearch.com/request-for-customization/6438/rfc
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 26 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 426 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 600 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
Country: United States