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How Much Will The Malted Milk Food Market Be Worth By 2030?
The malted milk food market size has seen strong expansion in recent years. It is anticipated to increase from $7.48 billion in 2025 to $8.03 billion in 2026, achieving a compound annual growth rate (CAGR) of 7.4%. This historical growth can be attributed to factors like the rising consumption of dairy-based nutrition products, the expansion of the urban middle-class population, increasing awareness of nutritional supplementation, the growth in packaged food availability, and strong retail distribution networks.
The malted milk food market is projected to experience substantial expansion over the upcoming years. Its valuation is anticipated to reach $10.69 billion by 2030, driven by a compound annual growth rate (CAGR) of 7.4%. This projected growth is primarily fueled by factors such as a rising demand for functional dairy nutrition, an increased emphasis on immunity-boosting food products, the expansion of online grocery retail channels, ongoing innovation in malt-based formulations, and a growing population of health-conscious consumers. Key trends anticipated during this period include an escalating demand for nutrient-fortified malted items, the increasing preference for convenient nutritional foods, broader application in child and elderly dietary needs, the introduction of more flavored malted milk options, and a heightened emphasis on product digestibility and shelf life.
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The Key Driver Behind The Malted Milk Food Market’s 7.4% CAGR
The escalating demand for flavored milk is anticipated to be a significant contributor to the expansion of the malted milk food market during the forecast period. Flavored milk is characterized as a sweetened dairy beverage made from milk, sugar, flavorings, and food colorings. Its increased consumption stems from its offering more nutrition and less sugar compared to juices and sports drinks, thereby encouraging a higher intake of dairy products. This growing preference for flavored milk, in turn, boosts the demand for malted milk foods, which are known for their rich nutritional value and malt flavoring. For example, Dairy Australia, an Australia-based organization for the dairy industry, reported in July 2023 that flavoured milk sales reached 235 million litres in 2023, an increase from 232 million liters in 2022. Consequently, the surging demand for flavored milk is projected to fuel the growth of the malted milk food market.
Malted Milk Food Market Classification: Main Segments And Detailed Subsegments
The malted milk food market covered in this report is segmented –
1) By Source: Wheat, Barley, Other Sources
2) By Product Type: Milk, Powder
3) By Packaging: Tins, Jars, Carton Packs, Other Packaging
4) By Distribution Channel: Hypermarket/Supermarket, Convenience Stores, Online Retailers, Other Distribution Channels
Subsegments:
1) By Wheat: Wheat Malt Extract, Whole Wheat Malt Powder
2) By Barley: Barley Malt Extract, Whole Barley Malt Powder
3) By Other Sources: Rye, Oats
Malted Milk Food Market Strategic Shifts: What Leading Players Are Prioritizing
Leading companies operating in the malted milk food market are concentrating on inventive products, such as Molto (a new assortment of canned foods, flavored milk, and malt-based foods), to increase their market revenues. Canned foods are defined as various food items that have been processed, prepared, and kept fresh by sealing them in airtight containers. Flavored milk is standard milk enhanced with extra flavorings. Malt-based foods consist of products derived from malted barley, wheat, or other grains. For instance, in June 2023, Kwality Milk Foods Ltd., an India-based company manufacturing malted milk food products, launched a new line of foods under the Molto brand. This new range will be marketed under the name ‘SONA’ and will soon be accessible in every Southern state. The company had previously sold milk under the Ananya brand, and SONA Full Cream Milk and Standardized Milk will now be available alongside it. Furthermore, KMFL also manufactures dairy goods including buttermilk, curd, sweetened condensed milk, dairy whitener, and skimmed milk powder.
Malted Milk Food Market Company Analysis: Major Industry Participants
Major companies operating in the malted milk food market are Nestle SA, GlaxoSmithKline plc, Briess Malt & Ingredients Inc., Imperial Malts Ltd., SSP Pvt Ltd., Abbott Laboratories, Danone S.A., Mead Johnson Nutrition Company, Kraft Heinz Company, Hain Celestial Group Inc., Honest Company Inc., Nature’s One Inc., HiPP GmbH & Co. Vertrieb KG, Ausnutria Dairy Corporation Ltd., Synutra International Inc., Beingmate Baby & Child Food Co. Ltd., Inner Mongolia Yili Industrial Group Company Limited, Feihe International Inc., Biostime International Holdings Limited, Wissun International Group Co. Ltd., Otsuka Holdings Co. Ltd., Morinaga Milk Industry Co. Ltd., Yakult Honsha Co. Ltd., FrieslandCampina NV, Meiji Holdings Co. Ltd., Arla Foods amba, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Hero Group, Bellamy’s Organic Ltd.
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Malted Milk Food Market Global Regional Breakdown: Key Regions Analyzed
Asia-Pacific was the largest region in the malted milk foods market share in 2025. The regions covered in the malted milk food market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
