Major Players in the Malt Extracts and Ingredients Market
by Mit K. SEOThe increase in the demand for beer has majorly been driving the
market
for malt extracts and ingredients. Factors such as their use as a
sweetening agent and their ability to raise and soften the dough have propelled
their use in various applications in the food & beverage industry.
The key players in this market include GrainCorp (Australia),
Malteurop (France), Rahr Corporation (US), Boortmalt (Belgium), and Groupe
Soufflet (France). New product launches, expansions & investments, and
partnerships were some of the core strengths of the leading players in the malt
extracts and ingredients market. These strategies were adopted by the key
players to increase their market presence. It also helped them diversify their
businesses geographically, strengthen their distribution networks, and enhance
their product portfolios. Some of the other players in the malt extracts and
ingredients market are Maltproducts (US), Maltexco (Chile), Holland Malt
(Netherlands), Barmalt (India), IREKS (Germany), Muntons PLC (US), Simpsons
(UK), Viking Malt (Finland), Agraria (Argentina), Puremalt (Scotland), Cerex
(The Netherlands), EDME Ltd. (England) Imperial Malt(India), Diastatische
Producten (The Netherland), and Laihian Mallas (Finland).
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GrainCorp (Australia) is one of
the major players in the global malt extracts and ingredients market. It is one
of the leading manufacturers of malt extracts and ingredients globally. It
operates in almost all the major markets through various agreements and
subsidiaries. With the increase in the craft brewery, the demand for specialty
malt has increased. GrainCorp provides a variety of specialty malt extracts and
ingredients of premium quality to cater to the needs of craft brewers and
microbreweries.
Groupe Soufflet (France) is
another major player in the malt extracts and ingredients market. It is
primarily engaged in the production and distribution of malt extracts and ingredients
globally. It is based out of France, having eight maltries in the country. The
organization is constantly working on expanding its capacity and on meeting the
increased demand from all across the globe. To expand its production capacity
and capture the market in East Africa, Soufflet established a malthouse in
Ethiopia. Through this strategy, the company aimed at developing the regional
industry.
Boortmalt (Belgium), a subsidiary of Axereal, is one of the leading players in the market. They mainly produce and distribute malt-based products in Europe as well as all across other geographies, as well. It is continuously working on expanding its capacity and market share via different strategies such as expansions, acquisitions, and investments. Axereal, on behalf of Boortmalt, recently acquired the malt business of Cargill (US). Apart from this, they have established a malting tower in Belgium, which provides an important global presence to Boortmalt.
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Created on Sep 25th 2020 06:59. Viewed 263 times.