Malted Food Drinks Market is Projected To Reach $ 16.4 Billion by 2024
by mack nene TechSci ResearchRising consciousness among consumers
towards health along with increasing awareness about benefits of malted food
drinks to drive global malted food drinks market through 2024
According to
TechSci Research report, “Global
Malted Food Drinks Market By Type, By Distribution Channel, By Region, Competition,
Forecast & Opportunities, 2014-2024”,
global malted food drinks market is projected to reach $ 16.4 billion by 2024, on
account of rising awareness and demand for healthy food along with increasing health
consciousness among people, especially young population. Moreover, considerable shift in demand
paradigm towards ready-to-drink products with smaller packs expected is further likely to boost demand for malted
food drinks during forecast period.
Key Players
:
Some of the
leading players in global malted food drinks market are GlaxoSmithKline plc,
Nestlé S.A., Mondelēz International, Inc., Abbott Laboratories, Associated
British Foods Plc, Zydus Wellness Limited, Danone S.A., Cytosport Inc.,
Continental Milkose (India) Ltd., CTL Foods, Inc., etc.
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market data Figures spread through 151 Pages and an in-depth TOC on " Global Malted Food Drinks Market "
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On the basis of distribution
channel, global malted food drinks market has been categorized into pharmacies/drug
stores, supermarkets/hypermarkets, departmental/grocery stores, internet/online
retail and others. Of these, supermarkets/hypermarkets accounted for the majority
market share in 2018 and is likely to maintain its dominance during forecast
period as well. However, internet/online retail segment is anticipated to register
the highest growth during 2019-2024, owing to growing popularity of e-commerce
market that provides a wider distribution reach to manufacturers.
Among regions, Middle
East & Africa region is expected to grow at the fastest rate in global malted
food drinks market during forecast period on account of increasing urban
population, rising concerns about children undernourishment and growing awareness
about leading a healthy lifestyle. Nigeria is the major market for malted food
drinks in the Middle East & Africa region. Rising child population and
acceptance of malt based food drinks as nutritional supplements in the country
are few of the major factors contributing to the growing demand for malted food
drinks market growth.
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“Global malted
food drinks market is expected to witness a promising growth during forecast
period owing to gradually shifting consumer preferences along with rising
inclination towards flavored powder drinks, especially malt-based drinks that
fulfil daily requirement of nutrients. Moreover, increasing working population
across the globe has led to rising demand for convenience food and beverages,
thereby further fueling demand for malted food drinks that also come in smaller
packs for on-the-go consumption. Furthermore, increasing focus on innovation in
flavors and packaging of malted food drinks by the major malted food drink
manufacturers is anticipated to positively influence the market over the course
of next five years.” said, Mr. Karan Chechi Research Director with TechSci
Research, a research-based global management consulting firm.
“Global Malted Food
Drinks Market By Type, By Distribution Channel, By Region, Competition,
Forecast & Opportunities, 2014-2024” has evaluated the future
growth potential of global malted food drinks market and provides statistics
and information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global malted food drinks market.
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Created on Jan 16th 2020 03:05. Viewed 398 times.