Malted Milk Market to Reach $3.3 Billion by 2032 Driven by Demand for Nutritious Beverages
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The global malted milk market is projected to reach $3.3 billion by 2032, growing at a CAGR of 5.8% from 2023-2032.
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Rising consumer demand for nutritious and versatile beverages is driving market growth. However, potential side effects like food allergies may restrain growth.
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The liquid product type segment held the largest market share in 2022 and is expected to maintain dominance through 2032.
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Europe accounted for the largest market share in 2022, but Asia-Pacific is forecast to see the fastest growth at 8.1% CAGR.
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Leading players are focused on new product launches, business expansion, partnerships, and mergers and acquisitions to increase market share.