ID: MRFR/F-B & N/0732-HCR | 115 Pages | Published By Harshita Gorade on March 2023
The global malt ingredients market is projected to grow at a significant rate of 5.55% from 2020 to 2027 to reach a market value of USD 9.45 billion by the end of 2027.
$9.45 Billion
5.55%
Europe
2020-2027
Market Scenario The global Malt Ingredients Market is projected to grow at a significant rate of 5.55% from 2020 to 2027 to reach a market value of USD 9.45 billion by the end of 2027. Verities of cereal grains, including rice, wheat, barley, oats, and rye are used to make malt. Malting is the process where germinated cereal grains are processed. After the completion of the malting process, malt is extracted as dry or liquid form. Malt ingredients are utilized in applications such as brewing, distilling, and in manufacturing of food products. There is a significant demand for processed food items and alcoholic & non-alcoholic beverages among consumers globally. Malted grains are used to prepare beer, whiskey, crafted beer, malted milkshake, malt vinegar, and many more items, which is likely to boost the demand for malt ingredients during the assessment period. Malt ingredients are also used in production of confectionery items and flavored drinks. Bakers are utilizing malt ingredients in processing of baked items such as breads, cookies and biscuits. These factors are influencing the market growth of malt ingredients globally. Segmentation The global malt ingredients market has been segmented based on form, source, application, and region. The global malt ingredients market has been classified, based on form, such as dry extract and liquid extract. By source, the global malt ingredients market has been divided into barley, wheat, rye, and others. The global malt ingredients market has been classified, based on application into food, beverages, and others. The beverages segment has been further subdivided into alcoholic and non-alcoholic beverages. The global malt ingredients market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American malt ingredients market has further been segmented into the US, Canada, and Mexico. The European malt ingredients market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The malt ingredients market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The malt ingredients market in the rest of the world has been segmented into South America, the Middle East, and Africa. Key Players Ociété Coopérative Agricole Axereal (France), Vivescia (France), Cargill Inc. (US), GrainCorp (Australia), Soufflet Group (France), Bairds Malt (UK), BARMALT MALTING INDIA PVT. LTD.(India), Briess Malt & Ingredients Co (US), COFCO (China), Country Malt Group (New York), Crisp Malting Group Limited (UK), Dalian Xingze Malt Processing Co.,Ltd. (China), EDME (UK), Muntons plc (England), Pure Malt Products Ltd (UK), Simpsons Malt Ltd (UK)are major players in global malt ingredients market. Regional Market Summary Globally, Europe is projected to dominate the malt ingredients market during the forecast period. Malt ingredients are used by brewing industries for making alcoholic and non-alcoholic beverages. There is a growing demand for beverages among the consumers in the European region, which is influencing the market growth of malt ingredients in the region. Most of the food processors in the region are using malt ingredients in processing food products, which is likely to boost the market for malt ingredients during the forecast period. Asia-Pacific is expected to register the highest CAGR in the malt ingredients market during the forecast period. Among the consumers of Asia-Pacific, there is an increasing demand for processed food and alcoholic and non-alcoholic beverages. Most of the food processing and brewing industries are using malt ingredients in their products which is catalyzing the market growth of malt ingredients in this region. Malt ingredients are also used in pharmaceutical products. This factor is further fuelling the market growth of malt ingredients during the assessment period. Global Malt Ingredients Market, by Form
Report Attribute/Metric | Details |
---|---|
Market Size | USD 9.45 Billion |
CAGR | 5.55% |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Form, Source, Application, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Ociété Coopérative Agricole Axereal (France), Vivescia (France), Cargill Inc. (US), GrainCorp (Australia), Soufflet Group (France), Bairds Malt (UK), BARMALT MALTING INDIA PVT. LTD.(India), Briess Malt & Ingredients Co (US), COFCO (China), Country Malt Group (New York), Crisp Malting Group Limited (UK), Dalian Xingze Malt Processing Co.,Ltd. (China), EDME (UK), Muntons plc (England), Pure Malt Products Ltd (UK), and Simpsons Malt Ltd (UK) |
Key Market Opportunities | Used to prepare beer, whiskey, crafted beer, malted milkshake, malt vinegar, and many more items |
Key Market Drivers | Demand for processed food items and alcoholic & non-alcoholic beverages |
European region will generate the highest revenue by the end of the forecast period.
The global malt ingredients market will grow at a percentage of 5.55% till the forecast period.
Top players in the global market for malt ingredients include Ociété Coopérative Agricole Axereal (France), Vivescia (France), Cargill Inc. (US), GrainCorp (Australia), Soufflet Group (France), Bairds Malt (UK), BARMALT MALTING INDIA PVT. LTD.(India), Briess Malt & Ingredients Co (US), COFCO (China), and Country Malt Group (New York).
The global malt ingredients market is divided by form, source, application, and region.