What you should know about Malted Milk Powder Trend?
Worldwide Malted Milk Market is segmented By Product Type (Powder and Milk), by Source (Wheat, Barley, and Others), By Distribution Channel (Hypermarket/Supermarket, Convenience shops, Online retailers, and Others), and Geography.
The malted milk powder was estimated at approximately USD 5.75Billion in 2019. It is wanted to surpass USD 8.5Billion by 2026, broadening at a CAGR of 5.5% during the forecast period 2020-2026.
Malted Milk Powder Trend Scope of the Report
Global Malted Milk Market is segmented by basis, product type, distribution channel, and geography. On the purpose of product type, the market is segmented into Powder and Milk.
Based on geography, the research analyses the malted milk market in the arising and established markets across the globe, encompassing North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The demand is segmented into Hypermarket/Supermarket, Convenience stores, Online retailers, and Others Based on the distribution channel.
Check out 10 more news articles…
Increasing petition breadth of malted milk and milk powder in the bakery industry in periods of good baking of dough and subtracting distinct flavours remains a key growth influencer of the demand. With the thriving popularity of functional baking ingredients, increasing consumption of cake and pastries, and surging in-store bakery sections, the bakery industry indicates no sign of slowing down.
Malted milk powder was estimated at approximately USD 5.75Billion in 2019. It is wanted to surpass USD 8.5Billion by 2026, broadening at a CAGR of 5.5% during the forecast period 2020-2026.
Manufacturers are further concentrating on different sources of malted milk powder, given deliberation to the rise of lactose and gluten intolerance among a growing number of consumers. While traditional stores continue to impact the growth strategies, key players in the malted milk powder market are targeted towards an omnichannel approach to capitalize on new retail configurations.