Global Malt Ingredients Market Size study & Forecast, by Source (Barley, Wheat, Rye), By Application (Food, Beverage, Pharmaceutical), and Regional Analysis, 2023-2030

Global Malt Ingredients Market Size study & Forecast, by Source (Barley, Wheat, Rye), By Application (Food, Beverage, Pharmaceutical), and Regional Analysis, 2023-2030

Global Malt Ingredients Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2023-2030. Malt, derived from barley, stands as one of the foremost cereal grains widely utilized in various industries. Its production involves a meticulous process known as malting, wherein barley undergoes soaking in water followed by drying in hot conditions to facilitate germination. Through this malting process, the starches within the grains undergo transformation into sugars such as glucose and fructose. The market offers two distinct types of malt powder: diastatic and nondiastatic. Diastatic malt, rich in enzymes, plays a crucial role in baking, aiding in the proper leavening of baked goods. On the other hand, non-diastatic malt, devoid of enzymes, serves primarily as a flavor enhancer in beverages, contributing to the distinctive taste profiles of various drinks. Furthermore, Thethe anticipated surge in the global malt beer market is poised to serve as a primary catalyst propelling product demand. Additionally, the escalating recognition of malt extracts as valuable functional ingredients in the creation of confectionery and nutritional beverages, owing to their enriching components such as vitamin B, essential amino acids, and fiber, is forecasted to further fuel market demand.

In 2021, Sweden boasted approximately 400 vibrant microbreweries dedicated to crafting a diverse array of beers, as reported by the Brewers of Europe. These craft breweries have been at the forefront of introducing innovative products characterized by novel flavors and distinctive packaging, aiming to captivate consumers. Consequently, leading malt manufacturers have responded by offering an extensive range of malt varieties tailored to meet the diverse needs of craft breweries. Also, the burgeoning beer production is anticipated to drive the market expansion of malt ingredients. Barley malt, renowned for its flavor-enhancing properties, serves as a primary ingredient in beer production. According to data from the National Beer Wholesalers Association, in 2020, the U.S. beer industry witnessed the shipment of 243.6 million barrels of beer, equivalent to over 3.1 billion cases of 24-12-ounce servings. Additionally, the industry distributed approximately 2.3 million barrels of cider, translating to more than 38.4 million cases. However, non-availability of substitutes with the same characteristics as malts stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Malt Ingredients Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is leading the global malt ingredients market, commanding a significant share of XX percent. This dominance is attributed to the dense presence of bakeries and breweries across key nations such as Germany, Spain, France, the U.K., Italy, and the Netherlands. Furthermore, the increasing focus on enhancing malt ingredient production and processing to diversify the market's application spectrum is expected to bolster market growth in the region. Meanwhile, the Asia Pacific region is forecasted to exhibit a higher Compound Annual Growth Rate (CAGR) in the global malt ingredients market. This growth is driven by escalating demand for packaged food and bakery products, coupled with a rising trend towards health-conscious consumption habits among consumers in the region.

Major market player included in this report are:
Simpsons Malt
Cargill, Inc.
Axéréal
Crisp Malting
Muntons PLC
VIVESCIA Industries (Malteurop)
Briess Malt & Ingredients
GrainCorp Ltd.
The Soufflet Group
BSG CraftBrewing
Polttimo

Recent Developments in the Market:
 In June 2023, Simpsons Malt Limited unveiled a strategic partnership with Yara and Varda aimed at advancing sustainable malt production practices, underscoring their commitment to environmental stewardship. By leveraging this collaboration, Simpsons Malt aims to mitigate the environmental footprint associated with malt production, thus fostering a more eco-conscious approach to their operations.
 In March 2021, Simpsons Malt made significant strides in expanding its market presence through the acquisition of W.N. Lindsay Ltd, a renowned supplier of malt ingredients in Scotland. This strategic acquisition bolsters Simpsons Malt's foothold in the Scottish market, positioning them to better serve their clientele and solidify their position as a key player in the industry.

Global Malt Ingredients Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Source, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:
Barley
Wheat
Rye
Others
By Application:
Food
Beverage
Pharmaceutical
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

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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