Chocolate malt drink is a malted milk definition of malted grain flour, whole milk powder, and other fixings that are used as a seasoning and fortifying fixings in nourishment and refreshments. It is made with powdered malt, grain flour such as wheat, and whole milk that has been evaporated or vacuum dried to produce a dry powder.
MARKET SCOPE
The "Global Chocolate Malt Drink Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chocolate malt drink market with detailed market segmentation by packaging type, distribution channel, and geography. The report provides key statistics on the market status of the leading chocolate malt drink market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on packaging type, the global chocolate malt drink market is segmented into organic and conventional.
- Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- Rising demand for chocolate malt drink among people of all age groups contributes to the growth of the chocolate malt drink market.
- Rising urbanization and increasing per capita disposable income to boost market growth of chocolate malt drink.
- Robust development of the bakery industry is also boosting the market growth.
- New market players are entering the market owing to the easy availability of raw materials and low capital requirement.
Restraints:
- Wide availability of substitutes.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The chocolate malt drink market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chocolate malt drink market in these regions.
IMPACT OF COVID-19 ON CHOCOLATE MALT DRINK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. However, with opening of several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of chocolate malt drink market is anticipated to grow at a positive and steady pace in the coming years.
MARKET PLAYERS
The report covers key developments in the chocolate malt drink market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chocolate malt drink market are anticipated to lucrative growth opportunities in the future with the rising demand for chocolate malt drink in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chocolate malt drink market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Mondel?"z International, Inc.
- GlaxoSmithKline plc
- Nestl? S.A.
- Smart Tasty Industry Sdn Bhd
- Deluxe Rich Sdn Bhd
- Anheuser-Busch Companies, LLC
- The Kraft Heinz Company
- Heineken N.V.
- Hindustan Unilever.
- ZEES VALLEY BIOSCIENCE SDN BHD