Global Malted Milk Market Growth 2025-2031

September 2025 | 76 pages | ID: G5C9CB9ADFAEN
LP Information

Abstracts

The global Malted Milk market size is predicted to grow from US$ 5346 million in 2025 to US$ 6465 million in 2031; it is expected to grow at a CAGR of 3.2% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

Malted milk is a powdered gruel made from a mixture of malted barley, wheat flour, and evaporated whole milk. The powder is used to add its distinctive flavor to beverages and other foods, but it is also used in baking to help the dough cook properly.

United States market for Malted Milk is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Malted Milk is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Malted Milk is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Malted Milk players cover Nestl?, GSK, Ovaltine, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Malted Milk Industry Forecast” looks at past sales and reviews total world Malted Milk sales in 2024, providing a comprehensive analysis by region and market sector of projected Malted Milk sales for 2025 through 2031. With Malted Milk sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Malted Milk industry.

This Insight Report provides a comprehensive analysis of the global Malted Milk landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Malted Milk portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Malted Milk market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Malted Milk and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Malted Milk.

This report presents a comprehensive overview, market shares, and growth opportunities of Malted Milk market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

• Malted Milk Drinks
• Malted Milk Powders
• Other

Segmentation by Application:

• Lactating Women
• Pregnant Women
• Children
• Others

This report also splits the market by region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

• Nestl?
• GSK
• Ovaltine

Key Questions Addressed in this Report

What is the 10-year outlook for the global Malted Milk market?
What factors are driving Malted Milk market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Malted Milk market opportunities vary by end market size?
How does Malted Milk break out by Type, by Application?

Contents

1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Malted Milk Annual Sales 2020-2031
  2.1.2 World Current & Future Analysis for Malted Milk by Geographic Region, 2020, 2024 & 2031
  2.1.3 World Current & Future Analysis for Malted Milk by Country/Region, 2020, 2024 & 2031
2.2 Malted Milk Segment by Type
  2.2.1 Malted Milk Drinks
  2.2.2 Malted Milk Powders
  2.2.3 Other
2.3 Malted Milk Sales by Type
  2.3.1 Global Malted Milk Sales Market Share by Type (2020-2025)
  2.3.2 Global Malted Milk Revenue and Market Share by Type (2020-2025)
  2.3.3 Global Malted Milk Sale Price by Type (2020-2025)
2.4 Malted Milk Segment by Application
  2.4.1 Lactating Women
  2.4.2 Pregnant Women
  2.4.3 Children
  2.4.4 Others
2.5 Malted Milk Sales by Application
  2.5.1 Global Malted Milk Sale Market Share by Application (2020-2025)
  2.5.2 Global Malted Milk Revenue and Market Share by Application (2020-2025)
  2.5.3 Global Malted Milk Sale Price by Application (2020-2025)

3 GLOBAL BY COMPANY

3.1 Global Malted Milk Breakdown Data by Company
  3.1.1 Global Malted Milk Annual Sales by Company (2020-2025)
  3.1.2 Global Malted Milk Sales Market Share by Company (2020-2025)
3.2 Global Malted Milk Annual Revenue by Company (2020-2025)
  3.2.1 Global Malted Milk Revenue by Company (2020-2025)
  3.2.2 Global Malted Milk Revenue Market Share by Company (2020-2025)
3.3 Global Malted Milk Sale Price by Company
3.4 Key Manufacturers Malted Milk Producing Area Distribution, Sales Area, Product Type
  3.4.1 Key Manufacturers Malted Milk Product Location Distribution
  3.4.2 Players Malted Milk Products Offered
3.5 Market Concentration Rate Analysis
  3.5.1 Competition Landscape Analysis
  3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy

4 WORLD HISTORIC REVIEW FOR MALTED MILK BY GEOGRAPHIC REGION

4.1 World Historic Malted Milk Market Size by Geographic Region (2020-2025)
  4.1.1 Global Malted Milk Annual Sales by Geographic Region (2020-2025)
  4.1.2 Global Malted Milk Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Malted Milk Market Size by Country/Region (2020-2025)
  4.2.1 Global Malted Milk Annual Sales by Country/Region (2020-2025)
  4.2.2 Global Malted Milk Annual Revenue by Country/Region (2020-2025)
4.3 Americas Malted Milk Sales Growth
4.4 APAC Malted Milk Sales Growth
4.5 Europe Malted Milk Sales Growth
4.6 Middle East & Africa Malted Milk Sales Growth

5 AMERICAS

5.1 Americas Malted Milk Sales by Country
  5.1.1 Americas Malted Milk Sales by Country (2020-2025)
  5.1.2 Americas Malted Milk Revenue by Country (2020-2025)
5.2 Americas Malted Milk Sales by Type (2020-2025)
5.3 Americas Malted Milk Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Malted Milk Sales by Region
  6.1.1 APAC Malted Milk Sales by Region (2020-2025)
  6.1.2 APAC Malted Milk Revenue by Region (2020-2025)
6.2 APAC Malted Milk Sales by Type (2020-2025)
6.3 APAC Malted Milk Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan

7 EUROPE

7.1 Europe Malted Milk by Country
  7.1.1 Europe Malted Milk Sales by Country (2020-2025)
  7.1.2 Europe Malted Milk Revenue by Country (2020-2025)
7.2 Europe Malted Milk Sales by Type (2020-2025)
7.3 Europe Malted Milk Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Malted Milk by Country
  8.1.1 Middle East & Africa Malted Milk Sales by Country (2020-2025)
  8.1.2 Middle East & Africa Malted Milk Revenue by Country (2020-2025)
8.2 Middle East & Africa Malted Milk Sales by Type (2020-2025)
8.3 Middle East & Africa Malted Milk Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends

10 MANUFACTURING COST STRUCTURE ANALYSIS

10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Malted Milk
10.3 Manufacturing Process Analysis of Malted Milk
10.4 Industry Chain Structure of Malted Milk

11 MARKETING, DISTRIBUTORS AND CUSTOMER

11.1 Sales Channel
  11.1.1 Direct Channels
  11.1.2 Indirect Channels
11.2 Malted Milk Distributors
11.3 Malted Milk Customer

12 WORLD FORECAST REVIEW FOR MALTED MILK BY GEOGRAPHIC REGION

12.1 Global Malted Milk Market Size Forecast by Region
  12.1.1 Global Malted Milk Forecast by Region (2026-2031)
  12.1.2 Global Malted Milk Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Malted Milk Forecast by Type (2026-2031)
12.7 Global Malted Milk Forecast by Application (2026-2031)

13 KEY PLAYERS ANALYSIS

13.1 Nestl?
  13.1.1 Nestl? Company Information
  13.1.2 Nestl? Malted Milk Product Portfolios and Specifications
  13.1.3 Nestl? Malted Milk Sales, Revenue, Price and Gross Margin (2020-2025)
  13.1.4 Nestl? Main Business Overview
  13.1.5 Nestl? Latest Developments
13.2 GSK
  13.2.1 GSK Company Information
  13.2.2 GSK Malted Milk Product Portfolios and Specifications
  13.2.3 GSK Malted Milk Sales, Revenue, Price and Gross Margin (2020-2025)
  13.2.4 GSK Main Business Overview
  13.2.5 GSK Latest Developments
13.3 Ovaltine
  13.3.1 Ovaltine Company Information
  13.3.2 Ovaltine Malted Milk Product Portfolios and Specifications
  13.3.3 Ovaltine Malted Milk Sales, Revenue, Price and Gross Margin (2020-2025)
  13.3.4 Ovaltine Main Business Overview
  13.3.5 Ovaltine Latest Developments

14 RESEARCH FINDINGS AND CONCLUSION

List Of Tables

LIST OF TABLES

Table 1. Malted Milk Annual Sales CAGR by Geographic Region (2020, 2024 & 2031) & ($ millions)
Table 2. Malted Milk Annual Sales CAGR by Country/Region (2020, 2024 & 2031) & ($ millions)
Table 3. Major Players of Malted Milk Drinks
Table 4. Major Players of Malted Milk Powders
Table 5. Major Players of Other
Table 6. Global Malted Milk Sales by Type (2020-2025) & (K MT)
Table 7. Global Malted Milk Sales Market Share by Type (2020-2025)
Table 8. Global Malted Milk Revenue by Type (2020-2025) & ($ million)
Table 9. Global Malted Milk Revenue Market Share by Type (2020-2025)
Table 10. Global Malted Milk Sale Price by Type (2020-2025) & (USD/MT)
Table 11. Global Malted Milk Sale by Application (2020-2025) & (K MT)
Table 12. Global Malted Milk Sale Market Share by Application (2020-2025)
Table 13. Global Malted Milk Revenue by Application (2020-2025) & ($ million)
Table 14. Global Malted Milk Revenue Market Share by Application (2020-2025)
Table 15. Global Malted Milk Sale Price by Application (2020-2025) & (USD/MT)
Table 16. Global Malted Milk Sales by Company (2020-2025) & (K MT)
Table 17. Global Malted Milk Sales Market Share by Company (2020-2025)
Table 18. Global Malted Milk Revenue by Company (2020-2025) & ($ millions)
Table 19. Global Malted Milk Revenue Market Share by Company (2020-2025)
Table 20. Global Malted Milk Sale Price by Company (2020-2025) & (USD/MT)
Table 21. Key Manufacturers Malted Milk Producing Area Distribution and Sales Area
Table 22. Players Malted Milk Products Offered
Table 23. Malted Milk Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
Table 24. New Products and Potential Entrants
Table 25. Market M&A Activity & Strategy
Table 26. Global Malted Milk Sales by Geographic Region (2020-2025) & (K MT)
Table 27. Global Malted Milk Sales Market Share Geographic Region (2020-2025)
Table 28. Global Malted Milk Revenue by Geographic Region (2020-2025) & ($ millions)
Table 29. Global Malted Milk Revenue Market Share by Geographic Region (2020-2025)
Table 30. Global Malted Milk Sales by Country/Region (2020-2025) & (K MT)
Table 31. Global Malted Milk Sales Market Share by Country/Region (2020-2025)
Table 32. Global Malted Milk Revenue by Country/Region (2020-2025) & ($ millions)
Table 33. Global Malted Milk Revenue Market Share by Country/Region (2020-2025)
Table 34. Americas Malted Milk Sales by Country (2020-2025) & (K MT)
Table 35. Americas Malted Milk Sales Market Share by Country (2020-2025)
Table 36. Americas Malted Milk Revenue by Country (2020-2025) & ($ millions)
Table 37. Americas Malted Milk Sales by Type (2020-2025) & (K MT)
Table 38. Americas Malted Milk Sales by Application (2020-2025) & (K MT)
Table 39. APAC Malted Milk Sales by Region (2020-2025) & (K MT)
Table 40. APAC Malted Milk Sales Market Share by Region (2020-2025)
Table 41. APAC Malted Milk Revenue by Region (2020-2025) & ($ millions)
Table 42. APAC Malted Milk Sales by Type (2020-2025) & (K MT)
Table 43. APAC Malted Milk Sales by Application (2020-2025) & (K MT)
Table 44. Europe Malted Milk Sales by Country (2020-2025) & (K MT)
Table 45. Europe Malted Milk Revenue by Country (2020-2025) & ($ millions)
Table 46. Europe Malted Milk Sales by Type (2020-2025) & (K MT)
Table 47. Europe Malted Milk Sales by Application (2020-2025) & (K MT)
Table 48. Middle East & Africa Malted Milk Sales by Country (2020-2025) & (K MT)
Table 49. Middle East & Africa Malted Milk Revenue Market Share by Country (2020-2025)
Table 50. Middle East & Africa Malted Milk Sales by Type (2020-2025) & (K MT)
Table 51. Middle East & Africa Malted Milk Sales by Application (2020-2025) & (K MT)
Table 52. Key Market Drivers & Growth Opportunities of Malted Milk
Table 53. Key Market Challenges & Risks of Malted Milk
Table 54. Key Industry Trends of Malted Milk
Table 55. Malted Milk Raw Material
Table 56. Key Suppliers of Raw Materials
Table 57. Malted Milk Distributors List
Table 58. Malted Milk Customer List
Table 59. Global Malted Milk Sales Forecast by Region (2026-2031) & (K MT)
Table 60. Global Malted Milk Revenue Forecast by Region (2026-2031) & ($ millions)
Table 61. Americas Malted Milk Sales Forecast by Country (2026-2031) & (K MT)
Table 62. Americas Malted Milk Annual Revenue Forecast by Country (2026-2031) & ($ millions)
Table 63. APAC Malted Milk Sales Forecast by Region (2026-2031) & (K MT)
Table 64. APAC Malted Milk Annual Revenue Forecast by Region (2026-2031) & ($ millions)
Table 65. Europe Malted Milk Sales Forecast by Country (2026-2031) & (K MT)
Table 66. Europe Malted Milk Revenue Forecast by Country (2026-2031) & ($ millions)
Table 67. Middle East & Africa Malted Milk Sales Forecast by Country (2026-2031) & (K MT)
Table 68. Middle East & Africa Malted Milk Revenue Forecast by Country (2026-2031) & ($ millions)
Table 69. Global Malted Milk Sales Forecast by Type (2026-2031) & (K MT)
Table 70. Global Malted Milk Revenue Forecast by Type (2026-2031) & ($ millions)
Table 71. Global Malted Milk Sales Forecast by Application (2026-2031) & (K MT)
Table 72. Global Malted Milk Revenue Forecast by Application (2026-2031) & ($ millions)
Table 73. Nestl? Basic Information, Malted Milk Manufacturing Base, Sales Area and Its Competitors
Table 74. Nestl? Malted Milk Product Portfolios and Specifications
Table 75. Nestl? Malted Milk Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 76. Nestl? Main Business
Table 77. Nestl? Latest Developments
Table 78. GSK Basic Information, Malted Milk Manufacturing Base, Sales Area and Its Competitors
Table 79. GSK Malted Milk Product Portfolios and Specifications
Table 80. GSK Malted Milk Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 81. GSK Main Business
Table 82. GSK Latest Developments
Table 83. Ovaltine Basic Information, Malted Milk Manufacturing Base, Sales Area and Its Competitors
Table 84. Ovaltine Malted Milk Product Portfolios and Specifications
Table 85. Ovaltine Malted Milk Sales (K MT), Revenue ($ Million), Price (USD/MT) and Gross Margin (2020-2025)
Table 86. Ovaltine Main Business
Table 87. Ovaltine Latest Developments

List Of Figures

LIST OF FIGURES

Figure 1. Picture of Malted Milk
Figure 2. Malted Milk Report Years Considered
Figure 3. Research Objectives
Figure 4. Research Methodology
Figure 5. Research Process and Data Source
Figure 6. Global Malted Milk Sales Growth Rate 2020-2031 (K MT)
Figure 7. Global Malted Milk Revenue Growth Rate 2020-2031 ($ millions)
Figure 8. Malted Milk Sales by Geographic Region (2020, 2024 & 2031) & ($ millions)
Figure 9. Malted Milk Sales Market Share by Country/Region (2024)
Figure 10. Malted Milk Sales Market Share by Country/Region (2020, 2024 & 2031)
Figure 11. Product Picture of Malted Milk Drinks
Figure 12. Product Picture of Malted Milk Powders
Figure 13. Product Picture of Other
Figure 14. Global Malted Milk Sales Market Share by Type in 2025
Figure 15. Global Malted Milk Revenue Market Share by Type (2020-2025)
Figure 16. Malted Milk Consumed in Lactating Women
Figure 17. Global Malted Milk Market: Lactating Women (2020-2025) & (K MT)
Figure 18. Malted Milk Consumed in Pregnant Women
Figure 19. Global Malted Milk Market: Pregnant Women (2020-2025) & (K MT)
Figure 20. Malted Milk Consumed in Children
Figure 21. Global Malted Milk Market: Children (2020-2025) & (K MT)
Figure 22. Malted Milk Consumed in Others
Figure 23. Global Malted Milk Market: Others (2020-2025) & (K MT)
Figure 24. Global Malted Milk Sale Market Share by Application (2024)
Figure 25. Global Malted Milk Revenue Market Share by Application in 2025
Figure 26. Malted Milk Sales by Company in 2025 (K MT)
Figure 27. Global Malted Milk Sales Market Share by Company in 2025
Figure 28. Malted Milk Revenue by Company in 2025 ($ millions)
Figure 29. Global Malted Milk Revenue Market Share by Company in 2025
Figure 30. Global Malted Milk Sales Market Share by Geographic Region (2020-2025)
Figure 31. Global Malted Milk Revenue Market Share by Geographic Region in 2025
Figure 32. Americas Malted Milk Sales 2020-2025 (K MT)
Figure 33. Americas Malted Milk Revenue 2020-2025 ($ millions)
Figure 34. APAC Malted Milk Sales 2020-2025 (K MT)
Figure 35. APAC Malted Milk Revenue 2020-2025 ($ millions)
Figure 36. Europe Malted Milk Sales 2020-2025 (K MT)
Figure 37. Europe Malted Milk Revenue 2020-2025 ($ millions)
Figure 38. Middle East & Africa Malted Milk Sales 2020-2025 (K MT)
Figure 39. Middle East & Africa Malted Milk Revenue 2020-2025 ($ millions)
Figure 40. Americas Malted Milk Sales Market Share by Country in 2025
Figure 41. Americas Malted Milk Revenue Market Share by Country (2020-2025)
Figure 42. Americas Malted Milk Sales Market Share by Type (2020-2025)
Figure 43. Americas Malted Milk Sales Market Share by Application (2020-2025)
Figure 44. United States Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 45. Canada Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 46. Mexico Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 47. Brazil Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 48. APAC Malted Milk Sales Market Share by Region in 2025
Figure 49. APAC Malted Milk Revenue Market Share by Region (2020-2025)
Figure 50. APAC Malted Milk Sales Market Share by Type (2020-2025)
Figure 51. APAC Malted Milk Sales Market Share by Application (2020-2025)
Figure 52. China Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 53. Japan Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 54. South Korea Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 55. Southeast Asia Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 56. India Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 57. Australia Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 58. China Taiwan Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 59. Europe Malted Milk Sales Market Share by Country in 2025
Figure 60. Europe Malted Milk Revenue Market Share by Country (2020-2025)
Figure 61. Europe Malted Milk Sales Market Share by Type (2020-2025)
Figure 62. Europe Malted Milk Sales Market Share by Application (2020-2025)
Figure 63. Germany Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 64. France Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 65. UK Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 66. Italy Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 67. Russia Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 68. Middle East & Africa Malted Milk Sales Market Share by Country (2020-2025)
Figure 69. Middle East & Africa Malted Milk Sales Market Share by Type (2020-2025)
Figure 70. Middle East & Africa Malted Milk Sales Market Share by Application (2020-2025)
Figure 71. Egypt Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 72. South Africa Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 73. Israel Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 74. Turkey Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 75. GCC Countries Malted Milk Revenue Growth 2020-2025 ($ millions)
Figure 76. Manufacturing Cost Structure Analysis of Malted Milk in 2025
Figure 77. Manufacturing Process Analysis of Malted Milk
Figure 78. Industry Chain Structure of Malted Milk
Figure 79. Channels of Distribution
Figure 80. Global Malted Milk Sales Market Forecast by Region (2026-2031)
Figure 81. Global Malted Milk Revenue Market Share Forecast by Region (2026-2031)
Figure 82. Global Malted Milk Sales Market Share Forecast by Type (2026-2031)
Figure 83. Global Malted Milk Revenue Market Share Forecast by Type (2026-2031)
Figure 84. Global Malted Milk Sales Market Share Forecast by Application (2026-2031)
Figure 85. Global Malted Milk Revenue Market Share Forecast by Application (2026-2031)