The North America Malted Milk Market would witness market growth of 4.8% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 536.9 hundred tonnes, showcasing a growth of 5% (2019-2022).
The production of malted milk involves the amalgamation of malted grain flour, whole milk powder, and additional components employed in the food and beverage industry as flavoring and fortification agents. It imparts culinary products with sweetness and a creamy mouthfeel. It is a common ingredient in coatings. Principally responsible for the increase in product demand is growing awareness of the importance of a healthy lifestyle. Additionally, manufacturers are emphasizing the use of natural ingredients, which contributes to product sales growth. The market will continue to expand due to rising product consumption as a dietary supplement and increased awareness of the numerous advantages of malted foods and beverages.
As a result of hectic lifestyles, accelerated urbanization, and industrialization, shifting food preferences, including a high demand for bite-sized snacks, will also positively affect market expansion. Furthermore, developments in bite-sized treats, including baked goods and cookies containing malted milk powder, are anticipated to increase demand. Increasing demand for flavored milk will also likely contribute to the expansion of the market. The market has positioned malted milk as a nutritious refreshment. The packaging frequently represents various nutrients, including lipids, carbohydrates, protein, vitamins A, B, C, and E, calcium, iron, phosphorus, and potassium. However, published literature on the topic of malted milk consumption is scarce.
The market has witnessed significant growth and transformation over the years, driven by a confluence of factors ranging from changing consumer preferences to advancements in food processing technologies. Malted milk, a product derived from the combination of malted barley, milk, and other ingredients, has a rich record and a versatile range of applications that extend beyond traditional beverage formulations.
According to the US Department of Agriculture, Mexico is the third largest food processor in the Americas and is in the top 15 worldwide. The Mexican food processing industry is one of the most engaged, with an average annual growth of 4.3 percent and a 2020 GDP contribution of $39.4 billion to Mexico's economy. Malted milk is finding its way into formulating diverse dairy-based products within the Mexican food processing industry. From flavored milk to yogurt, ice cream, and other dairy treats, malted milk creates innovative and appealing products for the Mexican consumer. Thus, the above aspects will expand the market growth across the region in the upcoming years.
The US market dominated the North America Malted Milk Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $669.7 Million by 2030. The Canada market is experiencing a CAGR of 7.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.2% during (2023 - 2030).
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Nestle S.A.
- GlaxoSmithKline PLC
- Briess Malt & Ingredients Co.
- Muntons plc
- Unilever PLC
- Insta Foods
- The Hain Celestial Group, Inc.
- King Arthur Flour Company, Inc.
- Crisp Malt (Richardson International Limited)
- Food & Biotech Engineers India Pvt. Ltd.
North America Malted Milk Market Report Segmentation
By Source (Volume, Hundred Tonnes, USD Billion, 2019-2030)
By Distribution Channel (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- Business to Business
- Supermarkets/Hypermarkets
- Specialty Stores
- Online Sales Channels
By Country (Volume, Hundred Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Malted Milk Market, 2019 - 2022, USD Million
TABLE 2 North America Malted Milk Market, 2023 - 2030, USD Million
TABLE 3 North America Malted Milk Market, 2019 - 2022, Hundred Tonnes
TABLE 4 North America Malted Milk Market, 2023 - 2030, Hundred Tonnes
TABLE 5 North America Malted Milk Market by Source, 2019 - 2022, USD Million
TABLE 6 North America Malted Milk Market by Source, 2023 - 2030, USD Million
TABLE 7 North America Malted Milk Market by Source, 2019 - 2022, Hundred Tonnes
TABLE 8 North America Malted Milk Market by Source, 2023 - 2030, Hundred Tonnes
TABLE 9 North America Barley Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Barley Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Barley Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 12 North America Barley Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 13 North America Rye Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Rye Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Rye Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 16 North America Rye Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 17 North America Wheat Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Wheat Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Wheat Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 20 North America Wheat Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 21 North America Malted Milk Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 22 North America Malted Milk Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 23 North America Malted Milk Market by Distribution Channel, 2019 - 2022, Hundred Tonnes
TABLE 24 North America Malted Milk Market by Distribution Channel, 2023 - 2030, Hundred Tonnes
TABLE 25 North America Business to Business Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Business to Business Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Business to Business Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 28 North America Business to Business Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 29 North America Supermarkets/Hypermarkets Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Supermarkets/Hypermarkets Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Supermarkets/Hypermarkets Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 32 North America Supermarkets/Hypermarkets Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 33 North America Specialty Stores Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Specialty Stores Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Specialty Stores Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 36 North America Specialty Stores Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 37 North America Online Sales Channels Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Online Sales Channels Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Online Sales Channels Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 40 North America Online Sales Channels Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 41 North America Malted Milk Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Malted Milk Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Malted Milk Market by Country, 2019 - 2022, Hundred Tonnes
TABLE 44 North America Malted Milk Market by Country, 2023 - 2030, Hundred Tonnes
TABLE 45 US Malted Milk Market, 2019 - 2022, USD Million
TABLE 46 US Malted Milk Market, 2023 - 2030, USD Million
TABLE 47 US Malted Milk Market, 2019 - 2022, Hundred Tonnes
TABLE 48 US Malted Milk Market, 2023 - 2030, Hundred Tonnes
TABLE 49 US Malted Milk Market by Source, 2019 - 2022, USD Million
TABLE 50 US Malted Milk Market by Source, 2023 - 2030, USD Million
TABLE 51 US Malted Milk Market by Source, 2019 - 2022, Hundred Tonnes
TABLE 52 US Malted Milk Market by Source, 2023 - 2030, Hundred Tonnes
TABLE 53 US Malted Milk Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 54 US Malted Milk Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 55 US Malted Milk Market by Distribution Channel, 2019 - 2022, Hundred Tonnes
TABLE 56 US Malted Milk Market by Distribution Channel, 2023 - 2030, Hundred Tonnes
TABLE 57 Canada Malted Milk Market, 2019 - 2022, USD Million
TABLE 58 Canada Malted Milk Market, 2023 - 2030, USD Million
TABLE 59 Canada Malted Milk Market, 2019 - 2022, Hundred Tonnes
TABLE 60 Canada Malted Milk Market, 2023 - 2030, Hundred Tonnes
TABLE 61 Canada Malted Milk Market by Source, 2019 - 2022, USD Million
TABLE 62 Canada Malted Milk Market by Source, 2023 - 2030, USD Million
TABLE 63 Canada Malted Milk Market by Source, 2019 - 2022, Hundred Tonnes
TABLE 64 Canada Malted Milk Market by Source, 2023 - 2030, Hundred Tonnes
TABLE 65 Canada Malted Milk Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 66 Canada Malted Milk Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 67 Canada Malted Milk Market by Distribution Channel, 2019 - 2022, Hundred Tonnes
TABLE 68 Canada Malted Milk Market by Distribution Channel, 2023 - 2030, Hundred Tonnes
TABLE 69 Mexico Malted Milk Market, 2019 - 2022, USD Million
TABLE 70 Mexico Malted Milk Market, 2023 - 2030, USD Million
TABLE 71 Mexico Malted Milk Market, 2019 - 2022, Hundred Tonnes
TABLE 72 Mexico Malted Milk Market, 2023 - 2030, Hundred Tonnes
TABLE 73 Mexico Malted Milk Market by Source, 2019 - 2022, USD Million
TABLE 74 Mexico Malted Milk Market by Source, 2023 - 2030, USD Million
TABLE 75 Mexico Malted Milk Market by Source, 2019 - 2022, Hundred Tonnes
TABLE 76 Mexico Malted Milk Market by Source, 2023 - 2030, Hundred Tonnes
TABLE 77 Mexico Malted Milk Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 78 Mexico Malted Milk Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 79 Mexico Malted Milk Market by Distribution Channel, 2019 - 2022, Hundred Tonnes
TABLE 80 Mexico Malted Milk Market by Distribution Channel, 2023 - 2030, Hundred Tonnes
TABLE 81 Rest of North America Malted Milk Market, 2019 - 2022, USD Million
TABLE 82 Rest of North America Malted Milk Market, 2023 - 2030, USD Million
TABLE 83 Rest of North America Malted Milk Market, 2019 - 2022, Hundred Tonnes
TABLE 84 Rest of North America Malted Milk Market, 2023 - 2030, Hundred Tonnes
TABLE 85 Rest of North America Malted Milk Market by Source, 2019 - 2022, USD Million
TABLE 86 Rest of North America Malted Milk Market by Source, 2023 - 2030, USD Million
TABLE 87 Rest of North America Malted Milk Market by Source, 2019 - 2022, Hundred Tonnes
TABLE 88 Rest of North America Malted Milk Market by Source, 2023 - 2030, Hundred Tonnes
TABLE 89 Rest of North America Malted Milk Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 90 Rest of North America Malted Milk Market by Distribution Channel, 2023 - 2030, USD Million
TABLE 91 Rest of North America Malted Milk Market by Distribution Channel, 2019 - 2022, Hundred Tonnes
TABLE 92 Rest of North America Malted Milk Market by Distribution Channel, 2023 - 2030, Hundred Tonnes
TABLE 93 Key Information – Nestle S.A
TABLE 94 Key Information – GlaxoSmithKline PLC
TABLE 95 Key Information – Briess Malt & Ingredients Co.
TABLE 96 Key Information – Muntons plc
TABLE 97 Key Information – Unilever PLC
TABLE 98 Key Information – Insta Foods
TABLE 99 Key Information – The Hain Celestial Group, Inc.
TABLE 100 Key Information – King Arthur Flour Company, Inc.
TABLE 101 Key Information – Crisp Malt
TABLE 102 Key Information – Food & Biotech Engineers India Pvt. Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Malted Milk Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Malted Milk Market
FIG 4 Porter’s Five Forces Analysis – Malted Milk Market
FIG 5 North America Malted Milk Market share by Source, 2022
FIG 6 North America Malted Milk Market share by Source, 2030
FIG 7 North America Malted Milk Market by Source, 2019 - 2030, USD Million
FIG 8 North America Malted Milk Market share by Distribution Channel, 2022
FIG 9 North America Malted Milk Market share by Distribution Channel, 2030
FIG 10 North America Malted Milk Market by Distribution Channel, 2019 - 2030, USD Million
FIG 11 North America Malted Milk Market share by Country, 2022
FIG 12 North America Malted Milk Market share by Country, 2030
FIG 13 North America Malted Milk Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Nestle S.A
FIG 15 SWOT Analysis: GlaxoSmithKline PLC
FIG 16 SWOT Analysis: Briess Malt & Ingredients Co.
FIG 17 SWOT Analysis: Muntons plc
FIG 18 SWOT Analysis: Unilever PLC
FIG 19 SWOT Analysis: Insta Foods
FIG 20 Swot Analysis: The Hain Celestial Group, Inc.
FIG 21 SWOT Analysis: King Arthur Flour Company, Inc.
FIG 22 SWOT Analysis: Crisp Malt
FIG 23 SWOT Analysis: Food & Biotech Engineers India Pvt. Ltd.