Malt Ingredients Market By Type (Dry Extracts, Liquid Extracts, and Malt Flour), By Source (Barley, Wheat, and Rye), By Grade (Standard and Specialty), By Application (Alcoholic & Non-Alcoholic Beverages and Food & Pharmaceutical) - Trends, Analysis and Forecast till 2030

Report Code: PMI383920 | Publish Date: December 2023 | No. of Pages: 1

Global Malt Ingredients Market By Overview

Malt Ingredients Market accounted for USD 18.4 Billion in 2020 and is estimated to be USD 23.50 Billion by 2030 and is anticipated to register a CAGR of 3.0%.

Malt is multi-faceted food ingredients that are food additives that are used to enhance the flavour and colour along with stabilizing the texture of numerous food and beverage products. It is made up of a variety of cereal grains, including rice, wheat, oats, and rye. This product made from leftover after a cereal grain has been dried, allowed to sprout, air dried again, then heated in an oven.

Malting a grain prepares starch for conversion to sugar and malt is prepared in the way imparts a sweetness to the final product. The most common primary grain used in the production of most beers and the majority of malted whiskeys. Malt is used in a variety of products, although it is most commonly found in products such as beer, malt whiskey, malted milk balls, Ovaltine, and malt vinegar.

Global Malt Ingredients Market By Drivers & Restraints

Growing consumption of beer and other alcoholic drinks globally is the key factor driving the growth of the target market. According to the National Survey on Drug use and Health (NSDUH) in 2018, around 86.3 per cent of people aged 18 or above reported that they drank alcohol at some point in their lifetime and around 70.0 per cent reported that they drank in the past year. Additionally, around 55.3 per cent reported that they drank in the past month. Moreover, the rising trend of parties and gathering, such a factor increasing the number of social drinkers, which acts as a growing consumption of alcoholic beverages.

Furthermore, the food and beverage industry has a high demand for melt ingredients which support the growth of the target market. Because the melt ingredient is multi-faceted food ingredients and is used in various food for multipurpose applications such as the production of blended flour and bakery products, including biscuits and cakes. Along with this, these ingredients also find extensive use in the dairy industry for various purposes such as flavoring of the milk.

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Global Malt Ingredients Market By Segmentations & Regional Insights

Malt ingredients market is segmented based on type, source, grade, application, and region.

Based on type, the global malt ingredients market is segmented into dry extracts, liquid extracts, and malt flour. Based on the source, the target market is segmented into manual malt ingredients and powered malt ingredients. Based on grade, the global market is classified into standard & speciality. Based on application, the target market is bifurcated into alcoholic & nonalcoholic beverages, food & pharmaceutical. Alcoholic beverages are expected to dominate the target market because in the beverage segment the malt ingredients are the important raw material in alcohol production. Rising demand for craft beer across the globe boosts the demand for the market. Furthermore, the introduction of new beer flavors, such as raspberry and peach, is expected to provide a great opportunity for the target market.

Based on the region the global malt ingredients market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the target market due to upsurge in the bakery and brewery industries.  The European region is the major product producer and consumer owing to increasing consumer trend towards craft beer consumption. North America contributes significant share for the target market, due to increasing demand for alcoholic beverages in the region drives the target market growth in the region.

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Malt Ingredients Market, By Product:

  • Dry Extracts
  • Liquid Extracts
  • Malt Flour

Malt Ingredients Market, By Source:

  • Barley
  • Wheat
  • Rye

Malt Ingredients Market, By Grade:

  • Standard
  • Speciality

Malt Ingredients Market, By Application:

  • Alcoholic & Non-Alcoholic Beverages,
  • Food & Pharmaceutical

Malt Ingredients Market, By Region:

  • North America
    • Middle East & Africa
      • Middle East & Africa Malt Ingredients Market, By Product
      • Middle East & Africa Malt Ingredients Market, By Source
      • Middle East & Africa Malt Ingredients Market, By Grade
      • Middle East & Africa Malt Ingredients Market, By Application
      • Middle East & Africa Malt Ingredients Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
      • Latin America Malt Ingredients Market, By Product
      • Latin America Malt Ingredients Market, By Source
      • Latin America Malt Ingredients Market, By Grade
      • Latin America Malt Ingredients Market, By Application
      • Latin America Malt Ingredients Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
      • Asia Pacific Malt Ingredients Market, By Product
      • Asia Pacific Malt Ingredients Market, By Source
      • Asia Pacific Malt Ingredients Market, By Grade
      • Asia Pacific Malt Ingredients Market, By Application
      • Asia Pacific Malt Ingredients Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
      • Europe Malt Ingredients Market, By Product
      • Europe Malt Ingredients Market, By Source
      • Europe Malt Ingredients Market, By Grade
      • Europe Malt Ingredients Market, By Application
      • Europe Malt Ingredients Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • North America Malt Ingredients Market, By Product
    • North America Malt Ingredients Market, By Source
    • North America Malt Ingredients Market, By Grade
    • North America Malt Ingredients Market, By Application
    • North America Malt Ingredients Market, By Country
      • U.S.
      • Canada

 

Global Malt Ingredients Market By Competitive Landscape & Key Players

The key players operating the global Malt Ingredients market involves Axereal, Ireks GmbH, Cargill Incorporated, Muntons PLC, Crisp Malting Group, Malteurop Group, and Simpsons Malt Ltd. among others.

Global Malt Ingredients Market By Company Profile

FAQs

Malt Ingredients Market report segments the market by Type, Source, Grade, Application, and Region.

The European region is the major product producer and consumer owing to increasing consumer trend towards craft beer consumption.

North America is the largest and fastest growing region

Key players in the Malt Ingredients market include Axereal, Ireks GmbH, Cargill Incorporated, Muntons PLC, Crisp Malting Group, Malteurop Group, and Simpsons Malt Ltd. among others.