Major Player in the Malt Extracts and Ingredients Market
by Mit K. SEOThe malt extracts and ingredients market size is estimated to be
valued at USD 17.6 billion in 2020 and is projected to reach USD 20.4 billion
by 2025, recording a CAGR of 3.0% during the forecast period. The 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).
To know about the assumptions considered for the study download the pdf brochure
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.
Related Reports:
Malt
Extracts and Ingredients Market by Product (Extracts and
Ingredients), Source (Soy, Wheat, and Rye), Grade (Standard malt and Specialty
malt), Application (Beverages, Food, and Pharmaceuticals), Form (Dry and
Liquid), Region - Global Forecast to 2025
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Created on May 18th 2020 07:59. Viewed 282 times.