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

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

Malt is a sprouted grain that, once sprouted, is heated and dried to stop it from sprouting further. Once dried, the malt is usually ground into a slightly sweet powder. During the sprouting of grains, the enzymes needed to convert the grain starches into various sugars are produced. Using the enzymes produced by germination, the starch in the grain is converted into maltose, and then heated and dried rapidly, and the final product is malt. Any grain can be converted to malt, but barley is the most common. Rye, wheat and other grains are used much less frequently.

Market Overview:

The latest research study on the global Malt market finds that the global Malt market reached a value of USD 15223.02 million in 2022. It’s expected that the market will achieve USD 20330.43 million by 2028, exhibiting a CAGR of 4.94% during the forecast period.

Booming beer industry is the major driving factor for the growth of the malt market

Malt is an essential ingredient in beer brewing. It provides the enzymes that convert starch into sugar, which is then fermented to produce alcohol. Malt also imparts color, flavor and body to beer. Beer is now considered a recreational drink worldwide and less harmful than other alcoholic beverages. As awareness of the benefits of malt has grown, it has found its way into the food industry as an additive, flavoring, coloring and ingredient. The rising trend of social gatherings, office gatherings, and gatherings with friends in pubs or bars has been increasing the consumption of beer and other alcoholic beverages, thereby accelerating the growth of the malt market. Additionally, consumers around the world are seeking unique and tasty beers, and brewers are increasingly using wheat and rye malts to create their unique beers. The development of microbreweries and craft beer makers who are always on the lookout for new flavors is driving this trend, thereby driving the growth of the malt market.

Region Overview:

In 2021, the share of the Malt market in Europe stood at 43.54%.

Company Overview

BOORTMALT is the world's leading malting company with a production capacity of 3 million tons. The group has 27 malting plants on 5 continents. Boortmalt's expertise is widely recognized by brewers, brewers and the food industry, which depend on the supply of top-quality barley malt. The Boortmalt Group is a wholly owned subsidiary of the agricultural and agribusiness cooperative Axereal. Boortmalt's partnership with Axereal, Europe's largest grain cooperative, ensures they have year-round access to high-quality barley.

Segmentation Overview:

As for product types, the Barley Malt segment held the largest market share in 2021.

Application Overview:

By application, the Beer segment occupied the biggest share from 2017 to 2022.

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

Boortmalt
COFCO
JiangSu Nongken
Viking Malt
Rahr Malting
Malteurop Group
Muntons Malt plc
Gdh Supertime Group Company Limited
Crisp Malting Group Ltd
Simpsons Malt Ltd.
Soufflet
Bairds Malt Ltd
United Malt

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

Barley Malt
Rye Malt
Wheat Malt
Other

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

Beer
Whisky
Other

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)