Malted Milk Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 8.60% |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Malted Milk Market Analysis
The Global Malted Milk Market is expected to register a CAGR of 8.6% during the forecast period.
- Malted milk is a formulation of malted grain flour, whole milk powder and other ingredients which are used as a flavoring and fortification ingredients in food and beverages.
- Malted milk originates in North America and Western Europe, also, demand for malted milk has grown considerably in Asia-Pacific region as well. In these countries, health positioning is the major driving force for the growth of the malted milk market.
Malted Milk Market Trends
Growing Demand for Malted Milk Powder
Malted milk powder is obtained by evaporating or vacuum dried whole milk and also by the mixture of wheat flour and malted barley. Malted milk powder is also blended with other flavoring powders to complement its flavor such as with cocoa powder. Malted milk powder has a good mouthfeel along with sweetness, which has increased its demand in food, snaking products as well as in beverages. Moreover, innovations in bite-sized snacks, such as malted milk powder cookies and other baked products, are projected to boost the demand. In addition, rising demand for flavored milk is likely to contribute to the industry growth.
Asia Pacific is expected to be the Fastest-Growing Region
Asia Pacific is expected to be the fastest-growing, regional market during the forecast period. This growth can be attributed to the rising target population in countries, such as India, Japan, and China, and growing awareness about following a healthy lifestyle. In addition, product portfolio extension by key companies through innovations will have a positive impact on the regional market growth. Moreover, increasing urbanization, changing consumer preferences and rising disposable income of the middle-class population is further anticipated to drive demand for malted food drinks in the country.
Malted Milk Industry Overview
Manufacturers in the market have undertaken several marketing strategies, such as product innovation, mergers and acquisition, and expansions, to gain a higher market share. Some of the major players in the global malted milk market are Nestle S.A, GlaxoSmithKline PLC (HORLICKS), Imperial Malts Ltd, King Arthur Flour Company, Inc., Briess Malt & Ingredients, among others.
Malted Milk Market Leaders
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Nestle S.A.
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GlaxoSmithKline PLC (HORLICKS)
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Briess Malt & Ingredients
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Imperial Malts Ltd
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King Arthur Flour Company, Inc.
- *Disclaimer: Major Players sorted in no particular order
Malted Milk Industry Segmentation
Global Malted Milk Market is segmented by source, product type, distribution channel, and geography. On the basis of source, the market is segmented into Wheat, Barley, and Others. On the basis of product type, the market is segmented into Powder and Milk. On basis of distribution channel, the market is segmented into Hypermarket/Supermarket, Convenience stores, Online retailers, and Others. On the basis ofgeography,the study provides an analysis of the malted milk market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Source | Wheat | ||
| Barley | |||
| Others | |||
| By Product Type | Powder | ||
| Milk | |||
| By Distribution Channel | Hypermarket/Supermarket | ||
| Convenience stores | |||
| Online retailers | |||
| Others | |||
| Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | United Kingdom | ||
| Germany | |||
| France | |||
| Russia | |||
| Italy | |||
| Spain | |||
| Rest of Europe | |||
| Asia Pacific | India | ||
| China | |||
| Japan | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle East & Africa | South Africa | ||
| Saudi Arabia | |||
| Rest of MEA | |||
| Wheat |
| Barley |
| Others |
| Powder |
| Milk |
| Hypermarket/Supermarket |
| Convenience stores |
| Online retailers |
| Others |
| North America | United States |
| Canada | |
| Mexico | |
| Rest of North America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Russia | |
| Italy | |
| Spain | |
| Rest of Europe | |
| Asia Pacific | India |
| China | |
| Japan | |
| Australia | |
| Rest of Asia-Pacific | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle East & Africa | South Africa |
| Saudi Arabia | |
| Rest of MEA |
Malted Milk Market Research FAQs
What is the current Global Malted Milk Market size?
The Global Malted Milk Market is projected to register a CAGR of 8.6% during the forecast period (2025-2030)
Who are the key players in Global Malted Milk Market?
Nestle S.A., GlaxoSmithKline PLC (HORLICKS), Briess Malt & Ingredients, Imperial Malts Ltd and King Arthur Flour Company, Inc. are the major companies operating in the Global Malted Milk Market.
Which is the fastest growing region in Global Malted Milk Market?
North America is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Global Malted Milk Market?
In 2025, the Asia Pacific accounts for the largest market share in Global Malted Milk Market.
What years does this Global Malted Milk Market cover?
The report covers the Global Malted Milk Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Global Malted Milk Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Malted Milk Industry Report
Statistics for the 2025 Global Malted Milk market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Global Malted Milk analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
