The Latin America, Middle East and Africa Malted Milk Market would witness market growth of 7.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 226.7 hundred tonnes, showcasing a growth of 8.5% (2023-2030).
In order to appeal to discerning consumers seeking premium and gourmet experiences, there is a growing trend of premiumization within the market. This involves the introduction of high-quality ingredients, unique flavor profiles, and innovative packaging, positioning malted milk as a sophisticated choice in the food and beverage landscape. Sustainability has become a key consideration in the food and beverage industry, and the market is no exception. Manufacturers are exploring sustainable sourcing practices for raw materials, eco-friendly packaging solutions, and energy-efficient production processes to align with the growing ecological consciousness of consumers.
Malting is about the controlled germination of barley grains. It is a natural, biological process undertaken using controlled conditions (temperature, humidity, and air). In the brewing process, malting initiates the transformation of carbohydrates into glucose, which is fermented into alcohol. Occasionally, malt may be produced from rye or oats and barley or wheat, the preferred malting grade cereals. After soaking the cereal in water, it is planted under meticulously regulated conditions to germinate. In the final stage of the malting process, heat is introduced into the grain using a kiln that has been specifically engineered to achieve the desired results for the malters.
The Saudi Arabian government's emphasis on health standards and regulations plays a crucial role. Malted milk brands complying with these standards gain consumer trust and confidence in the security and quality of their products. With a growing focus on health, consumers in Saudi Arabia favor low-fat and nutrient-dense food options. Malted milk, offering a balance of flavor and nutrition, aligns with this preference, driving its adoption. As a result, these aspects will boost the market growth in the coming years.
The Brazil market dominated the LAMEA Malted Milk Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $56.5 Million by 2030. The Argentina market is showcasing a CAGR of 7.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.8% during (2023 - 2030).
Free Valuable Insights: The Worldwide Malted Milk Market is Projected to reach USD 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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