Global Dry Malt Products Market Size study, By Source( Wheat, Rye, Barley, Sorghum, Rice, Others), By Type (Light Dry Malt Extracts, Amber Dry Malt Extracts, Black Dry Malt Extracts), By Application (Alcoholic Beverages, Energy & Health Drinks, Food, Pharmaceuticals and Animal Feed, Bread and Bakery Product, Others), and Regional Forecasts 2022-2028
Global Dry Malt Products Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. The Dry Malt refers to germinated cereal grain mainly extracted from barley cereals. Malt is also extracted from other grains such as Wheat, Rye, Sorghum, Rice among others. Dry malt is obtained through a process known as ""malting"" and it offers large shelf life. Dry malt is reach in fiber, potassium, folate, and vitamin B6 among others. Dry malt is utilized in various applications such as Alcoholic Beverages, Energy & Health Drinks, Food, Pharmaceuticals and Animal Feed, Bread and Bakery Product among others. The rising consumption of alcoholic beverages and increasing end use applications of dry malt as well as recent Partnership & acquisition activities are factors that are accelerating the global market demand. For instance, according to Statista – as of 2022, revenue in Beer segment was valued at USD 15.65 billion, and the market is projected to grow by CAGR of 9.13% between 2022 and 2025 to reach to USD 20.34 billion by end of 2025. Moreover, companies are coming up with partnerships and acquisitions to extend their product offerings. For instance, in November 2019, Olivet, France based AXEREAL, through its subsidiary BOORTMALT acquired US based CARGILL’s malt business. This acquisition would expand AXEREAL’s malt capacity to 3 million tonnes with 27 malting plants on 5 continents. This would make BOORTMALT the world leader in the production of malt. Furthermore, in February 2020, US based Brewers Supply Group (BSG) entered in a partnership with Denver, Colorado, US based family-owned distillery Leopold Bros. This partnership is aimed at distribution of a new line of small-batch, handmade malts. These malts would be available to brewers, distillers, and homebrewers. Also, growing penetration of e-commerce in emerging economies and rapid expansion of food & beverages sector are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, side effects associated with excessive consumption of alcoholic beverages impede the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Dry Malt Products Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing number of breweries and increasing demand for natural ingredient based products in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as the thriving growth of food and beverages sector and rising consumption of alcoholic beverages in the region, would create lucrative growth prospects for the global Dry Malt Products Market across the Asia Pacific region.
Major market players included in this report are:
Viking Malt
Malteurop Groupe
Axereal Group
Mahalaxmi Malt Products Pvt. Ltd.
Cargill
Crisp Malting Group Malt
Soufflet Group
GrainCorp Limited
Maltexco, Ireks GmbH
Simpsons Malt
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Wheat
Rye
Barley
Sorghum
Rice
Others
By Type:
Light Dry Malt Extracts
Amber Dry Malt Extracts
Black Dry Malt Extracts
By Application:
Alcoholic Beverages
Energy & Health Drinks
Food
Pharmaceuticals and Animal Feed
Bread and Bakery Product
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Dry Malt Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Viking Malt
Malteurop Groupe
Axereal Group
Mahalaxmi Malt Products Pvt. Ltd.
Cargill
Crisp Malting Group Malt
Soufflet Group
GrainCorp Limited
Maltexco, Ireks GmbH
Simpsons Malt
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
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