Future Market Insights forecasts that the global malt market will grow at a CAGR of 3.3% over the projected period. By 2032, the market is expected to reach USD 5,119.0 million, up from USD 3,699.8 million in 2022.
Malt is a product derived from grains through a partial germination process known as malting, which alters the grains’ natural food compounds. While malt is most commonly made from barley, it can also be produced from rice, wheat, corn, and rye. Its primary use is in brewing beer, but malt is also utilized in the production of whiskey and other beverages.
In the food and beverage industry, malt is a crucial ingredient due to its wide application in alcoholic drinks, soft beverages, and food products. It is used in various baked goods like bagels, malt bread, and rich tea, as well as in sweets such as malted shakes, malt vinegar, and flavored drinks like Horlicks and Milo. Additionally, malted barley is a key component in blended flours for yeast bread and other baked products.
The primary driver of this market is the increasing demand for malt in the rapidly growing beer industry. Additionally, malt’s broad application in the food sector further fuels market growth, with various malt extracts offering new opportunities in culinary products. However, the industry’s expansion faces challenges from the rising popularity of wine and other alcoholic beverages, which could potentially reduce beer consumption.
Competitive landscape
Malt industry companies are continually developing new components to address evolving consumer preferences and capture a wider market. They are also focusing on expanding their distribution networks to reach new markets.
These are some of the major companies in the malt market:
- Crisp Malting Group Ltd
- Muntons Malt plc
- Crisp Malting Group Ltd.
- Heineken
- Malteurop Group
- Cargill Inc
- Malteurop Group
- Wilmar International Ltd.
- GrainCorp Malt
Get in Touch for Expert Analysis: Connect with Our Specialist on Email: sales@futuremarketinsights.com
Global malt market segmentation by category
By type:
- Liquid extract
- Dry extract
- Malt flour
By application:
- Beer Industry
- Whisky Distilleries
- Food & Beverages
- Pharmaceutical industry
By source:
- Barley
- Wheat
- Rye
By distribution channel:
- Online
- Offline
By region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle east and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube