Global Liquid Malt Extracts Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Liquid malt extracts are produced by the aqueous extraction of sugars from malted barley, and their subsequent concentration into a viscous syrup. Liquid malt extracts can be used in commercial brewing as a partial grain malt replacement or, when added to a conventional mash, as a brew extender. Depending on the desired colour and flavour, the grist bill for Liquid malt extracts is either made up of just one malt type or is a varied mixture of pale and specialty malts, for instance, black malt, caramel malts, and crystal malt. To calculate the market size, the report considers the revenue generated from the following segments such as Black Malt Extract, Amber Malt Extract, etc.
Market Overview:The latest research study on the global Liquid Malt Extracts market finds that the global Liquid Malt Extracts market reached a value of USD 1182.41 million in 2022. It’s expected that the market will achieve USD 1403.05 million by 2028, exhibiting a CAGR of 2.89% during the forecast period.
SWOT Analysis
Strength
Since the past few years, an increase in the awareness pertaining to the health benefits of malts and their use in various food and beverage applications has increased, such as it contains rich source of dietary fiber which helps in digestion of end product. In addition, growing consumer awareness and shifting preference to malt beverages such as beer, reduces the risk of heart diseases, stress, digestive ailments, and depression, is estimated to be another factor fueling growth of the global liquid malt market, which has opened various opportunities for liquid malt extracts market.
Another important feature of liquid malt extract is that it can also reduce the need for additional artificial sugar in bakery products and thus can be labelled as sugar-free. Also, as liquid malt extract is rich in vitamins and enzymes, it increases the nutritional value of baked products and also helps in extending the shelf life of baked products. These positive properties of liquid malt extracts and awareness about its health benefits is fueling the demand for malt ingredient-based bakery products. Health conscious consumers of the present times prefer sugar-free or less sugary food products, and this factor is expected to fuel demand for malt ingredient-based bakery products during the forecast period.
Weakness
Liquid malt extract is sticky and has a shorter shelf life and difficult preservation process. Liquid malt extract in cans is primarily at risk from heat. Open malt extract or malt extract sold in plastic containers has a much shorter shelf life as it is at risk from both infection and oxygen. This has limited the development of the industry to some extent.
Due to the growth of the global population, the arable land area of barley, which is the upstream industry of liquid malt extract, is limited. At the same time, barley is a seasonal crop, the dependency on seasonal raw material hampers the growth of the liquid malt extracts market.
Region Overview:From 2023-2028, North America is estimated to witness robust growth prospects.
Company Overview:Barmalt, Maltexco, The Malt Company, Associated British Foods and Barlex are the five key players in the global Liquid Malt Extracts market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Liquid Malt Extracts market in the past 5 years.
As a partner of the bakeries, IREKS is known worldwide for first-class baking ingredients and creative product ideas. With manifold services IREKS accompanies bakers and confectioners in more than 90 countries as providers of ideas, consultants and problem-solvers. In addition, IREKS is a leading manufacturer of high-quality brewing malts for numerous notable breweries. The divisions flavorings, ice-cream products and the agricultural trade round off the range offered by the Company Group. IREKS provides bakery and confectionery products. The Company offers brewing malts, cakes, flavorings, and ice-cream products. IREKS serves customers globally.
Combine traditional craftsmanship with modern technology, Barlex was established in 1883. Barlex is one of the leading malt extract producers in Europe. Barlex is strengthening their current market position in Europe and at the same time expand their business in other international markets by having strategic focus on the added value products and innovation.
Segmentation Overview:Among different product types, Amber Malt Extract segment is anticipated to contribute the largest market share in 2028.
Application Overview:By application, the Food segment occupied the biggest share from 2018 to 2022.
Key Companies in the global Liquid Malt Extracts market covered in Chapter 3:Short Finger Brewing Co.
Guangzhou Heliyuan Foodstuff
Northern Brewer
The Homebrew Company
Barlex
The Malt Company
Barmalt
Associated British Foods
Maltexco
Briess Malt & Ingredients
Doehler
Huajia Food
Ireks
Muntons
PureMalt Products
In Chapter 4 and Chapter 14.2, on the basis of types, the Liquid Malt Extracts market from 2018 to 2029 is primarily split into:Black Malt Extract
Amber Malt Extract
Light Malt Extract
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Liquid Malt Extracts market from 2018 to 2029 covers:Food
Malt Beverages
Beer
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)