Malted Milk Food Market Report 2026

The malted milk food market size has grown strongly in recent years. It will grow from $7.48 billion in 2025 to $8.03 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increasing consumption of dairy-based nutrition products, expansion of urban middle-class population, rising awareness of nutritional supplementation, growth in packaged food availability, strong retail distribution networks.

The malted milk food market size is expected to see strong growth in the next few years. It will grow to $10.69 billion in 2030 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing demand for functional dairy nutrition, rising focus on immunity-boosting foods, expansion of online grocery retailing, growing innovation in malt-based formulations, increasing health-conscious consumer base. Major trends in the forecast period include increasing demand for nutrient-enriched malted products, rising popularity of convenience nutrition foods, growing use in child and elderly nutrition, expansion of flavored malted milk variants, enhanced focus on digestibility and shelf stability.

The increasing demand for flavored milk is expected to significantly contribute to the growth of the malted milk food market during the forecast period. Flavored milk is a sweetened dairy beverage prepared using milk, sugar, flavoring agents, and food colorings. Consumption of flavored milk is rising as it provides higher nutritional value and contains less sugar compared to juices and sports drinks, thereby encouraging greater intake of dairy products. The growing popularity of flavored milk, in turn, boosts demand for malted milk foods, which offer rich nutrition and are enhanced with malt-based flavors. For example, in July 2023, according to Dairy Australia, an Australia-based dairy industry organization, flavored milk sales reached 235 million liters in 2023, increasing from 232 million liters in 2022. Therefore, the rising demand for flavored milk is expected to support the growth of the malted milk food market.

Major companies in the malted milk food market are driving revenues through innovative products, such as the introduction of Molto, a new range featuring canned foods, flavored milk, and malt-based foods. Canned foods, flavored milk, and malt-based foods refer to products that have undergone processing, preparation, and preservation, providing consumers with convenient and diverse options. For instance, in June 2023, Kwality Milk Foods Ltd., an India-based company, launched the SONA range under the Molto brand, offering Full Cream Milk and Standardized Milk in Southern states. The company, known for its dairy products, aims to expand its product line with innovative offerings.

In July 2023, Richardson International Limited, a Canadian agribusiness company, acquired Ragleth Ltd. for an undisclosed amount. Through this acquisition, Richardson's aims to broaden its business and enhance its presence in the food manufacturing sector. Ragleth Ltd., based in the UK, specializes in the manufacturing of malted milk foods, and this acquisition provides Richardson's with new business opportunities and access to new ingredients.

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.

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. The countries covered in the malted milk food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The malted milk market consists of sales of barley, wheat, oats, and rice. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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