The malted milk foods sector has expanded regularly across the world, particularly in the Confectionery sector. This is because people have turned health conscious due to the increased demand for healthy foods which further increases demand on malt food manufacturers.
Thus, the market of malted milk foods is expected to reach $23.5 billion by the year 2032. However, this blog will explain what trends are driving this sector's growth and how the third-party manufacturer industry can be the key to the future of this sector.
Increasing Demand for Natural Ingredients
Now, individuals are shifting from artificial additives and sweetening agents to natural substances. Therefore, the use of barley malt extract in malted milk foods is increasing because of the knowledge of its extraction and its health qualities. Barley malt extract manufacturers are fulfilling this trend by making the ingredients more sustainable and catering to people who are demanding more natural products that are not as processed.
Health and Wellness Focus
Another biggest trend in the malted milk food manufacturers is its shift towards health and Wellness. Now, people pay special attention to the quality of ingredients that go into the production of their foods and prefer healthier foods. The content of vitamins and minerals makes products based on malted milk more appealing as a healthy product compared to traditional confectionery.
Innovation in Product Development
Another trend in the global malted milk foods industry is the ongoing innovation in the production of food products. The newly developed products include health drinks, biscuits, confectionery items, etc. all containing lots of barley malt extracts and other healthy products.
A malted milk foods third-party manufacturer is now assisting companies in bringing new products to market that meet global trends such as plant-based diets, and low sugar.
The Impact of Global Market Trends in the Industry
The market of malted milk foods is now steering through several trends, such as healthy and natural product preferences, and emerging markets. Therefore, the global demand for malted products is expected to grow at a CAGR of 10.75% during the forecast period of 2023-2028. This industry enhancement of confectionery brands has focused on collaborations with third-party manufacturers of malted milk foods and barley malt extract manufacturers to satisfy the health-conscious new generation of consumers.
Conclusion
The trends of the global malted milk foods market, especially in confectionary reshaped with ongoing trends. Now, its focus has shifted to natural ingredients in foods and beverages. Among this, the partnership with third-party malted milk foods producers became the key to transforming this industry in today's market.
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