Malted milk market to reach $3.42 billion by 2032, driven by innovative flavors

From GlobeNewswire: 2024-11-05 07:00:00

The malted milk market is projected to reach USD 3.42 billion by 2032, driven by innovative flavors like chocolate and fruit-infused options. Consumer demands for taste and function have pushed manufacturers to explore new ingredients and packaging. The powdered malted milk segment, valued at USD 893 million in 2023, is expected to see robust growth, especially in supermarkets and hypermarkets. North America’s market is forecasted to grow at a CAGR of 6.6% from 2024 to 2032, with a focus on traditional and innovative products like malted milkshakes. The industry’s transformation is influenced by health trends, technology advancements, and changing consumer preferences for sustainability and convenience.



Read more at GlobeNewswire: Malted Milk Market to cross $3.42 Bn by 2032, Says Global