Malt Extracts and Ingredients Market Strategic Trends Growth, Revenue and Top Companies, Region
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.
Request for
Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=97763660
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).
The ingredients
segment, by product, is projected to dominate the malt extracts and ingredients
market due to their increasing use in beer production
Malt ingredients are mainly used for beer production. They
are also preferred for the production of whiskey. Thus, the increase in the
consumption of alcohol is expected to the market for malt ingredients during
the forecast period. Ingredients are also available in both powdered and flaked
forms. The high shelf life of powdered ingredients is also a driving factor, as
manufacturers find them easy to distribute in remote areas. Furthermore, the
rising popularity of various artisanal and craft beers is further propelling
market growth.
Demand for specialty
malt, by grade, to remain high during the forecast period
The market for specialty malt is projected to grow at the
highest CAGR during the forecast period. This is owing to the high preference
of specialty malt for food, pharmaceutical, pet food, and personal care
products applications. There is a variety of standard malts in the market;
these include crystal, roasted, dark,
and specially kilned.
Speak to Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=97763660
With the increasing
demand for craft beer, Asia Pacific is estimated to dominate the malt extracts
and ingredients market
The changing lifestyle and increasing buying power of
consumers have increased the demand for malt extracts and ingredients. The
growth of the region is owing to the increasing production of craft beer and
the rising acceptance of convenience foods among consumers due to their hectic
lifestyles. Also, the inclination of the millennial population toward natural
food additives and natural sweeteners drives the Asia Pacific malt-based food
market, which, in turn, is driving the demand for global malt extracts and
ingredients. In recent years, the rise in innovation in various applications
has increased the market’s horizon. This factor is also expected to propel the
market growth.
Sponsor Ads
Created on Mar 3rd 2021 08:11. Viewed 203 times.