Global malt ingredients market was worth USD 19.79 billion in 2018. It is projected to grow at a compound annual rate (CAGR of 5.3%) between 2019 and 2025. The key driver of product demand is the expected rapid growth in the global malt beer market. The demand will be driven by the increased use of malt extracts in confectionary and nutritional drinks as functional ingredients. This is due to their essential vitamin and fiber content.
Non-alcoholic malt beverages have enjoyed significant popularity in the Middle East over the last few years due to strict regulations regarding the sale and distribution of alcohol beverages. The region has seen a rise in non-alcoholic brewing companies. Manufacturers are also working to develop new flavors such as raspberry, pomegranate and peach.
The food industry is also seeing a rise in demand for convenience foods. The food industry has seen a widening of product applications due to increasing health awareness. In the manufacture of snack bar, cookies and flakes, as well as nutritional syrups, malt extracts are used extensively.
The beverages industry is expected to see an increase in demand for craft beers in the U.S.A, China, Germany, Germany, and France. These countries have seen a significant increase in microbrewers over the last few years. According to research, the U.S. had 7300 craft breweries as of 2018.
The largest market share in 2018 was held by the barley source segment. Barley is the most commonly used grain in alcohol production. It has high starch, enzymes that convert starch into sugar and proteins to promote yeast health. The quality of the barley used will determine the beer's color. Barley has gained importance in bakery and confectionery over the years. The segment's growth will be aided by the growing awareness of the health benefits of barley such as low risks of diabetes, hypertension and diarrhea.
In 2018, the beverage segment accounted for over 80% of overall market share. The beverage segment was the most important because malt ingredients, which are essential raw material for alcohol production, was the main application. This segment has seen a growing demand for craft beer all over the world. The introduction of new beer flavors such as raspberry or peach is expected to increase the demand. In the United States, there have been a lot of independent and small breweries over the last few years. The segment will continue to grow because of rapid growth in the alcoholic beverage market.
A significant portion of global market revenue was attributed to the food application sector. The diastatic malt, which is a sugar-free substitute for honey and other sugars, has been gaining popularity in the bakery sector over the last few years. The increasing demand for sugar-free bakery products around the world is expected to expand the application possibilities for the product. Malt, which is rich in enzymes and vitamins, helps prolong the shelf life of finished products. The production of cookies, pastries, and biscuits is largely done with malt flour. The segment's expansion will be aided by the rapid growth of the confectionary sector, particularly in developing countries such as India, Pakistan, Brazil and Brazil.
Europe held the largest market share in 2018, due to the large number of breweries across Europe, including those in the U.K. and Spain. Due to the rising popularity of craft beer in Eastern European countries like Russia and Poland, the region will maintain its dominant position for the forecast period. The Asia Pacific malt ingredients market is expected to grow at the highest rate between 2019 and 2025. The Middle East and Africa are expected to see significant growth. This region is seeing innovative non-alcoholic malt beverages being introduced by manufacturers. It is expected that this will be the main driver of the region's future growth.
Many of the major companies are focusing their efforts on increasing their production capacity to serve the potential markets in Asia Pacific and Middle East & Africa. Malteurop Group, for instance, increased its production capacity by 80 to 200 000 tons in September 2018. The following are some of the most prominent players in the market for malt ingredients:
Cargill, Inc.
Axereal
Crisp Malting
Muntons PLC
VIVESCIA Industries (Malteurop)
Simpsons Malt
Briess Malt & Ingredients
GrainCorp Ltd.
The Soufflet Group
BSG CraftBrewing
Polttimo
Up Market Research published a new report titled “Malt Ingredients Market research report which is segmented by Source (Wheat, Barley, Rye), by Application (Food, Pharmaceutical, Beverage), By Players/Companies Muntons PLC, Simpsons Malt, VIVESCIA Industries (Malteurop), The Soufflet Group, Ax©r©al, Polttimo, BSG CraftBrewing, Briess Malt & Ingredients, Cargill Inc, GrainCorp Ltd, Crisp Malting”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Malt Ingredients Market Research Report |
By Source | Wheat, Barley, Rye |
By Application | Food, Pharmaceutical, Beverage |
By Companies | Muntons PLC, Simpsons Malt, VIVESCIA Industries (Malteurop), The Soufflet Group, Ax©r©al, Polttimo, BSG CraftBrewing, Briess Malt & Ingredients, Cargill Inc, GrainCorp Ltd, Crisp Malting |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 204 |
Number of Tables & Figures | 143 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Source (Wheat, Barley, Rye), by Application (Food, Pharmaceutical, Beverage).
Malt Ingredients Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Malt Ingredients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Malt Ingredients Market Report:
Some other reports from this category!