According to Zion Market Research, the global demand for Malt Ingredients Market was approximately USD 16.9 billion in 2021 and is predicted to produce approximately USD 22.26 billion by the end of 2030, rising at a CAGR of approximately 4% between 2022 and 2030.
Malt is produced by drying and germinating leftover cereal grains. Malt is normally made from soaked barley grain that has been allowed to germinate in water. This is referred to as malting. The starch in the components is transformed into sugars such as glucose and fructose during this process. Malt components have several applications in the food and beverage industries. Malt additives improve the flavor and texture of a variety of dishes. These materials are used to make maltesers and whoppers, beer, whisky, malted shakes, malt vinegar, Horlicks, Ovaltine, milo, malt bread, bagels, and rich tea biscuits.
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Global Malt Ingredients Market: Growth Factors
The global malt ingredients market is primarily driven by increased demand from the food and beverage industries. Increasing demand for dairy products and beer is predicted to drive demand for malt components in the coming years. The convenience food market is expanding and is expected to expand further, which would increase demand for malt components. Growing health consciousness has also broadened the field of product applicability in the food business. Malt extracts are commonly utilized in the production of snack bars, cookies, flakes, milk powder, and nutritious syrups as colorants, tastes, and additives. Beer as a beverage is chosen by the world’s young population, and as this aspirational class grows over the predicted period, demand for malt components will improve. However, seasonal changes and the availability of high-quality cereal grains are anticipated to hinder the global ingredients market’s expansion. Nonetheless, the rising malt component business is projected to create new opportunities in the near future.
Global Malt Ingredients Market: Segmentation
The global malt ingredients market is classified into three sections: source, applications, and region. This study discusses the source segmentation of barley, wheat, and rye malt. The food sector, alcoholic beverages, non-alcoholic beverages, the pharmaceutical business (supplements), and others are among the key application categories considered in this study. Furthermore, market size and estimations in terms of volume (kilo tonnes) and revenue (USD million) have been presented for this area of the study, utilizing 2015 as the base year. The report also includes the compounded annual growth rate (% CAGR) from 2016 to 2021.
The research includes a wide range of regions and countries based on regional segmentation, including North America, Latin America, the Middle East and Africa, Asia-Pacific, and Europe. Significant countries included in the report include the United States, Germany, France, the United Kingdom, China, Japan, India, and Brazil. This category comprises malt component demand in all areas and nations depending on specific applications.
Global Malt Ingredients Market: Competitive Players
Some of the significant players in the global sales performance management market are Cargill, Inc.; Axéréal; Crisp Malting; Muntons PLC; VIVESCIA Industries (Malteurop); Simpsons Malt; Briess Malt & Ingredients; GrainCorp Ltd.; The Soufflet Group; BSG CraftBrewing; Politico.
Global Malt Ingredients Market: Regional Segment Analysis
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
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