Global Malt Extract Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Malt Extract Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Malt extract is concentrated sugar extracted from germinated barley grains. They fall into two categories: dry malt extracts and liquid malt extracts. Liquid malt extract is a thick syrup. The dry malt extract is dried by a special process to remove almost all the moisture, and the shelf life is long.

Market Overview:

The latest research study on the global Malt Extract market finds that the global Malt Extract market reached a value of USD 782.71 million in 2022. It’s expected that the market will achieve USD 971.78 million by 2028, exhibiting a CAGR of 3.67% during the forecast period.

Malt Extract Industry Development Trends under COVID-19 Outbreak

Since the outbreak of the epidemic, the global economy has continued to suffer huge blows. This is the worst global recession in decades, despite massive efforts by governments to fight it, backed by fiscal and monetary policies. But in the longer term, the deep recession triggered by the pandemic is expected to lead to a prolonged economic downturn by reducing investment. The recession could get worse if the COVID-19 outbreak continues, if mobility restrictions are prolonged or reintroduced, or if there is a prolonged disruption to economic activity. Businesses may struggle to service debt, while increased risk aversion could lead to higher borrowing costs.

The pandemic has had mixed effects on Malt Extract. From a production point of view, for the Malt Extract industry, the epidemic has had an impact on the production plans of enterprises in the Malt Extract industry. Due to the outbreak of COVID-19, the supply of raw materials has been affected, and the transportation of raw materials such as barley has been hit. This could lead to interruptions in the supply of raw materials to Malt Extract, thereby affecting the company's production schedule. On the other hand, due to the impact of the new crown pneumonia epidemic, in order to prevent the further spread of the epidemic, the government issued travel restrictions and related isolation policies, which reduced the management efficiency of enterprises in the industry and affected the company's production plan.

In terms of downstream demand, in general, Malt Extract's downstream customers mainly include Animal Feed, Pharmaceuticals, Bakery, Confectionary, Beverages, etc. However, due to the outbreak of the epidemic, in order to avoid the spread of the epidemic, cake shops, food and beverage manufacturers, etc. have suffered a huge blow. Taking the bakery industry as an example, most stores have been closed. It was closed for three main reasons. First of all, closing most of the stores is a unified requirement of the local government departments. Second, although some enterprises were not required by the local government to suspend operations, they could not guarantee the safety of their employees due to insufficient protective materials. The third is that the passenger flow has dropped sharply, and the income is lower than the rent and labor costs of the store, so it must be closed. From a logistical point of view. Due to the impact of the epidemic on logistics, many countries have implemented control over domestic traffic and the flow of people, and restricted goods. This has resulted in varying degrees of logistical disruptions, inventory and shipping delays during the Malt Extract sale. Therefore, the sales of Malt Extract have also been affected to some extent.

Drivers

Food and Beverage Market Scale Expansion and Low Sugar Development
Many studies in recent years have shown that barley contains a variety of functional components. After barley is germinated and made into malt, its nutritional content is greatly improved. Malt Extract is made from high-quality barley and malt through crushing and enzymatic hydrolysis. The sweet wort is extracted, filtered, and vacuum concentrated. Malt extract is a natural food ingredient completely derived from grains. It mainly uses the enzyme contained in the malt in the raw material to decompose the starch and protein in the barley matrix to produce a series of monosaccharides, disaccharides Polysaccharides, amino acids, and other substances. Therefore, malt extract is rich in maltose, fructose, glucose, protein, small molecular peptides, and essential amino acids for the human body.

Region Overview:

In 2022, the share of the Malt Extract market in Europe stood at 40.62%.

Company Overview:

Muntons is a leading supplier of brewed and distilled malt and malt ingredients to the food and beverage industry. Their malt is used in the brewing and distilling industry by globally recognized brands and by craft brewers looking to differentiate themselves. Wide range of malt products is especially suitable for food and beverage manufacturers looking for clean-label, plant-based ingredients. September 2022 Muntons launches PlantMalt for clean, plant-based food full of flavor The plant-based market is booming, but the challenge of meeting high consumer expectations for matching meat counterparts is keeping innovators busy.

Harboes is one of Europe's leading manufacturers of malt extracts and the company has been supplying malt extracts to the European food industry for over 60 years. The company's customers include Europe's largest bakery, chocolate and breakfast product manufacturers, and the company's malted ingredients are sold under the international brand Barlex.

Muntons is one of the major players operating in the Malt Extract market, holding a share of 9.78% in 2023.

Segmentation Overview:

As for product types, the Liquid Malt Extract segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Beverages, with a market share of 37.38% in 2022.

Key Companies in the global Malt Extract market covered in Chapter 3:

VIVESCIA Group
Wander AG
The Malt Company
Polttimo
CereX
Liotécnica
Muntons
Maltexco S.A.
Harboes
Barmalt
Rahr Corporation
Döhler
Briess Malt & Ingredients
IREKS
Malt Products Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Malt Extract market from 2018 to 2029 is primarily split into:

Dry Malt Extract
Liquid Malt Extract

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Malt Extract market from 2018 to 2029 covers:

Animal Feed
Pharmaceuticals
Bakery
Confectionary
Beverages

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)