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Chocolate Malt Drink Market-Latest Advancement & Industry Analysis

Chocolate Malt Drink Market Size by Packaging Type (Bottles & Jars, Cartons, Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, Others), And Region Global Market Analysis and Forecast, 2024-2032

  • Report ID : 16648
  • Category : Food and Beverages
  • Format :Excel formatPDF formatWord format
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Chocolate Malt Drink Market Synopsis

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 sweet, chocolate version of traditional malt powder. In addition to adding flavor and depth to food, chocolate malt may be used in a variety of intriguing ways. For a flavor that is difficult to match, use malted milk powder in traditional chocolate malts or add it to homemade cookies.

Chocolate is a delicious material that is made from a combination of cocoa beans, milk, and sugar. This sort of powder is made from wheat, barley, and evaporated milk, but when it is roasted until it becomes sweet, it transforms into chocolate malt. While chocolate malt is made from malt powder that has been roasted until it develops a rich, caramel-like flavor that is comparable to dark chocolate. Additionally, it is reasonably priced and offered by many bigger supermarket stores.

Malt chocolate drink doesn't have the same level of sweetness as chocolate and doesn't come from sugar and cocoa beans like regular chocolate, but it has some of the same flavor characteristics. Taste-wise, chocolate malt is similar to unsweetened cocoa powder. There are a lot of caramel and malt flavors present along with a hint of bitterness. If you have chocolate malt powder on hand, making chocolate malts is really easy and almost like an enhanced version of the beloved milkshake. Starting with a vanilla milkshake and then, to taste, add chocolate malt to this.

Chocolate malt does not have caffeine, making it a somewhat healthier choice than chocolate. Due to the absence of caffeine in its key constituents, wheat, and barley, chocolate malt has remained naturally caffeine-free. Caffeine and the natural sugars found in chocolate are both present in cocoa beans. When combined with malted milk, chocolate malt is a favorite beverage ingredient. In certain higher-end ice cream shops, still buy chocolate malts, which were very popular around a century ago.

Chocolate Malt Drink Market

The Chocolate Malt Drink Market Trend Analysis

Chocolate Malted Milk Powder Boost Calories and Nutrients

  • Chocolate Malted Milk Powder heart-healthy mix, malt contains fiber, potassium, folate, and vitamin B6, which together lower cholesterol and decrease the risk of cardiac disease. Its dietary fiber helps reduce insulin activity and increases cholesterol absorption from the gut and encourages cholesterol breakdown.

  • Malted milk was developed as a nutritional supplement for toddlers. Chocolate is added as a flavor so that toddlers drink without any hesitation of the milk smell.  The chocolate flavor is also not preferred by toddlers but also, by adults.
  • Chocolate malted milk powder made from a combination of malted barley, a pinch of chocolate, milk powder, and wheat flour, malted milk aids in quick recovery from illnesses and helps in inducing sleep and relaxation. High in calcium, vitamin D, and several essential nutrients, malted milk is an excellent source of nutrition for pregnant women. These factors drive the market of Chocolate Malt Drink.

Opportunity for New Market Players to Enter the Market

  • There is a wide number of opportunities for market players to enter the market. The raw material required for the making of chocolate malt drinks is low and at an affordable price. This is the key advantage the new market players can use the opportunity to generate more revenue.

  • The rising demand among toddlers and adults also accelerates the market, this ultimately increases the number of manufacturers to produce the product. The craze of chocolate malted drinks as breakfast or evening drinks is increasing day by day. This gives an opportunity for the new players to enter the market at such a low cost.
  • The robust development and disposable income are also making people spend more money on their daily needs. People are preferring highly nutritious drinks and flavors for their children to provide them nutrients with chocolate to enhance the taste of the drink and make it tastier. These factors increase the demand and provide opportunities for new market players. 

Segmentation Analysis of the Chocolate Malt Drink Market

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.

  • Chocolate Malt Drink mostly comes in packaged bottles and jars. They are easily available in online stores and retailers’ shops. Chocolate malt drinks are highly nutritious and consumed on a daily basis. So, the most preferred packaging type of chocolate malt drink is in Bottles
  • Chocolate Malt Drink Bottles of different sizes come at different prices. They are at affordable rates. These bottles are of different shapes and sizes. People can opt for the bottle according to their requirements.
  • Furthermore, the bottles packaged are easy and safe to use. As The packets of chocolate malt drink easily get expired or get contaminated due to contact with air particles. In comparison to this, bottles and jars are highly preferred to prevent the Chocolate malt drink from expiring.

Regional Analysis of the Chocolate Malt Drink Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

  • Asia Pacific is the dominating region in the world. The demand for the Chocolate malt drink is growing year by year. And will continue to grow in the future. Milo is one of the popular brands of malt drinks from Malaysia. The Milo brand is highly consumed among the people of Malaysia and South Asia. Milo brand has a 90% market share in Malaysia. The brand is mainly popular due to its chocolate-flavored drinks.
  • Growing population of China and India is resulting in high demand for chocolate-flavored drinks for toddlers and adults as well. With busier life, these quick-preparation drinks are highly required by people. These drinks are not only prepared easily but also, contain daily nutrition.
  • The development in the region in terms of industry has grown the number of opportunities in the region. This has made the life of people hectic. So, in this busy schedule, people are mostly adopting easily readymade available snacks throughout the day. To keep them fit and stress-free. These factors have raised the demand for Chocolate Malt Drinks products in the region.

Covid-19 Impact Analysis on Chocolate Malt Drink Market

After the COVID-19 pandemic, the Chocolate Malt Drink market has been positively impacted the market. This is due to the fact that people have become much more health conscious now. Secondly, people have started working from home during the pandemic days due to which they have started consuming more nutritious drink products than before. The Chocolate Malt Drink market has risen during the pandemic. From toddlers to adults, people are highly consuming the drink. Also, this chocolate malt is providing extra flavor to it. Therefore, the COVID-19 pandemic has shown a great positive impact on the Chocolate Malt Drink market.

Top Key Players Covered in the Chocolate Malt Drink Market

  • 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

Key Industry Developments in the Chocolate Malt Drink Market

In February 2021, Nestlé launches the plant-based Milo chocolate malt drink in Thailand. Swiss food giant Nestlé is shaking up the beverage market in Thailand with a new soy-based version of chocolate malt beverage firm favorite, Milo. Consumers in Asia are demanding more plant-based alternatives in their diet which has prompted Nestlé to launch plant-based versions of several of its popular beverages in the region such as Milo and Nescafé in Malaysia and Nescafé and Starbucks in Japan.

In September 2022, Coca-Cola Beverages Africa launches the Choco Malt drink in Ghana. Voltic Ltd, Coca-Cola Beverages Africa’s (CCBA) Ghana subsidiary, has launched Hollandia’s Choco Malt brand in Ghana. The brand was first launched in Nigeria in 2017 by Coca-Cola subsidiary Chi Ltd.

In February 2019, Fast Moving Consumer Group (FMCG) firm, Chellarams extended its real active product line with the introduction of Real Activ Malted food drink amidst promises of becoming a market leader in the chocolate food drink category. The drink which contains 12 essential nutrients with immense nutritional benefits was targeted mainly at children who need to be active in school and at play and adults who require constant energy for work even as it contains the appropriate amount of sugar need.

Chocolate Malt Drink Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 3.6 Bn.

Forecast Period 2024-32 CAGR:

7.2%

Market Size in 2032:

USD 6.73 Bn.

Segments Covered:

By Packaging Type
  • Bottles & Jars
  • Cartons
  • Others

By Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Online Retail
  • Others

By Region
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Chocolate Malted Milk Powder Boost Calories and Nutrients

Key Market Restraints:
  • Wide Availability of Substitutes

Key Opportunities:
  • Opportunity for New Market Players to Enter the Market

Companies Covered in the Report:
  • Nestle (U.S.), Smart Tasty industry (Malaysia), Mondelez International (U.S.), GlaxoSmithKline plc (UK), Deluxe Rich Sdn (Malaysia), and Other major players.

Frequently Asked Questions :

What would be the forecast period in the Chocolate Malt Drink Market research report?
The forecast period in the Chocolate Malt Drink Market research report is 2024-2032
Who are the key players in Chocolate Malt Drink Market?
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
What are the segments of the Chocolate Malt Drink Market?
The Chocolate Malt Drink Market is segmented into Packaging Type, Distribution Channel, and Region. By Packaging Type, the market is categorized into Bottles and Jars, Cartons, Others. By Distribution Channel, the market is categorized By Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
What is the Chocolate Malt Drink Market?
Chocolate malt is a sweet, chocolatey version of traditional malt powder. In addition to adding flavor and depth to food, chocolate malt may be used in a variety of intriguing ways. For a flavor that is difficult to match, use malted milk powder in traditional chocolate malts or add it to homemade cookies.
How big is the Chocolate Malt Drink Market?
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.
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