Chocolate Malt Drink Market Size Was Valued at USD 3.6 Billion in 2023 and is Projected to Reach USD 6.73 Billion by 2032, Growing at a CAGR of 7.2 % From 2024-2032.
Chocolate malt is a sugary, chocolate variation of classic malt powder. Besides enhancing taste and richness in dishes, chocolate malt can be utilized in numerous fascinating ways. To achieve a unique taste, incorporate malted milk powder into classic chocolate malt drinks or mix it into your own cookie recipes.
Chocolate is a tasty substance created by mixing cocoa beans, milk, and sugar. This powder is created from wheat, barley, and evaporated milk, but when it is baked until it turns sweet, it changes into chocolate malt. Chocolate malt is created by roasting malt powder until it has a deep, caramel flavor similar to dark chocolate. Moreover, it is affordably priced and available at numerous large grocery stores.
Global Chocolate Malt Drink Market Top Key Players:
Nestle (U.S.), Smart Tasty industry (Malaysia), Mondelez International (U.S.), GlaxoSmithKline plc (UK), Deluxe Rich Sdn (Malaysia), The Kraft Heinz Company (U.S.), Hindustan Unilever (India), Anheuser- Busch Companies (U.S.), Heineken (Netherland), The Drink Ink (U.S.), Cadbury (U.K), Wander AG (Switzerland), Amul (India) and Other Major Players
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Opportunity for New Market Players to Enter the Market
There are numerous opportunities available for market players to venture into the market. The necessary ingredients for producing chocolate malt beverages are inexpensive and affordable. The main benefit is that new market players can take advantage of this opportunity to increase revenue.
The growing interest from both children and adults speeds up the market, leading to more manufacturers producing the product. The popularity of chocolate malted beverages for breakfast or evening consumption is growing steadily. This presents a chance for new entrants to join the market at a very affordable price.
Global Chocolate Malt Drink Market Segment Analysis:
The Chocolate Malt Drink market segments cover the Packaging Type, and Distribution Channel, By Packaging Type, and the Bottles and Jars segment is Anticipated to Dominate the Market Over the Forecast period.
By Packaging Type
- Bottles & Jars
- Cartons
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
Regional Analysis of the Chocolate Malt Drink Market
Asia Pacific is the most influential region globally. The popularity of the Chocolate malt drink is increasing annually. And will keep on expanding in the coming years. Milo is a well-known Malaysian brand of malt beverages. The people of Malaysia and South Asia heavily consume the Milo brand. Milo brand dominates 90% of the market share in Malaysia. The chocolate-flavored beverages are the main reason for the brand’s popularity.
The increasing populations in China and India are leading to a high need for chocolate-flavored beverages for both children and adults. People need these fast-to-make drinks more now due to their busier schedules. These beverages are not just simple to make, they also provide essential nutrients for daily consumption.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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