Malt Extracts and Ingredients Market: Key Players and Forecast

The 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).

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Europe’s growth is attributed to the increasing awareness of people about healthy dietary habits. The key factors driving growth in the European region are the increase in the consumption of beer and the rise in craft breweries. These factors have led to a surge in demand for malt ingredients in the region. In addition, the different uses of malts in the food and non-alcoholic beverage industries is a key factor that is projected to drive the growth of the malt extracts and ingredients market. Established and local players have the opportunity to capitalize on the growth potential in the malt extracts and ingredients market. Malt is a primary ingredient used in breweries. However, since the past few years, an increase in the awareness pertaining to the health benefits of malts and their use in various food and beverage applications has increased. These factors have opened various opportunities for this region in the malt extracts and ingredients market.

Malt is mainly produced from barley. However, wheat, rye, sorghum, and oats are also some of the sources of malt. Barley malt is mainly used to produce beer, whiskey, malt vinegar, and malted milk. Barley is one of the most popular and traditional sources for malt ingredients due to its high-protein content and ease of malting. This is due to the extensive use of barley in the beer industry and the rising awareness of the health benefits of barley-based beverages. These factors are expected to  prove positive for the barley segment during the forecast period.

Dry malt is used for maximum applications. It is available in flour, flakes, and in the powder form. Malt flour is specially conditioned with a high concentration of natural enzymes majorly applied in the bakery and confectionery products. It improves fermentation, increases air retention, and enhances yeast performance. Malt flakes are a natural source of fibers and flavors. Malted flakes add texture to products such as bread and rolls. The downside of the dry malt is its hygroscopic property. Therefore, it should be stored in a dark and dry environment and should be protected from humidity. As a result of these factors, the dry segment is projected to account for a larger market share during the forecast period.

Malt is an essential component in the beer industry. It provides carbohydrates and sugar, which are necessary to give beer its distinctive flavor and alcohol content. Different types of malt are used to impart different flavors, textures, and colors to the beer. They are responsible for imparting the aroma and mouthfeel to alcoholic beverages. Many other alcoholic beverages, such as whiskey and other spirits, have malt as their base ingredient. Due to this factor, the beverages segment is projected to account for the largest market share during the forecast period.

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Created on Jul 26th 2021 08:46. Viewed 203 times.

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