What is Malted Milk Powder Market?
Malted Milk Powder is a powdered gruel made from a mixture of malted barley, wheat flour, and evaporated whole milk powder that is widely used to add flavor in bakery products like cookies, milkshakes, etc. and beverages. Malt milk powder is full of antioxidants, vitamins, and minerals, which certainly boosts your immune system and helps to access all of the good stuff that is required as part of a balanced diet.
The market study is being classified by Type (GMO-Free, Gluten-Free, Vegan and Kosher), by Application (Bakery Products, Confectionary Items, Beverages, Dietary Supplements and Others) and major geographies with country level break-up.
Nestle (Switzerland), Unilever (United Kingdom), King Arthur (United States), Anthony's Goods (United States), Hoosier Hill Farm LLC (United States), Briess Malt & Ingredients (United States), Amul (India), Muntons (United Kingdom) and Modernist Pantry (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Malted Milk Powder market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Malted Milk Powder market by Type, Application and Region.
On the basis of geography, the market of Malted Milk Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Malted Milk Powder to Add Flavor in Hot and Cold Beverages
- Change in Consumersí Preference towards the Nutritional Diet and Adoption of Dietary Supplements
- New Product Developments and Launches of Malted Milk Powder by Key Manufacturers
- Growing Consumption of Bakery Items and Confectionaries
- Lack of Nutrients Important for Bone Health
Market Leaders and some development strategies
In December 2018, Unilever announced the acquisition of the Health Food Drinks portfolio of GlaxoSmithKline. The transaction is aligned with Unileverís stated strategy of increasing its presence in health-food categories and in high-growth emerging markets. GSK is the undisputed leader in the Health Food Drinks category in India with iconic brands such as Horlicks and Boost, which will help Unilever to strengthen its position in health and wellness.
In June 2020, Nestle launched Everyday Malt Milk Powder range in Malaysia to attract consumers to its Nestle Everyday range and grow its share in the milk powder segment. The malt milk powder is formulated with Max Nutre, which features a combination of 11 micronutrients comprising 8 vitamins and 3 minerals to support growth and help in the development of red blood cells, bones and muscles.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Malted Milk Powder Manufacturers, Suppliers and Distributors of Malted Milk Powder, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End- Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Malted Milk Powder Market?
"Increasing Demand of Malted Milk Powder to Add Flavor in Hot and Cold Beverages
" is seen as one of major growth factors of Malted Milk Powder Market in years to come.
2. Can we have customized study for Malted Milk Powder Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Malted Milk Powder Market?
United States will lead Malted Milk Powder Market in coming years.