According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the malt ingredient market is estimated to reach a value of USD 25 Bn by 2032, surging at 4% CAGR through the decade.
The malt ingredients market is being driven by rising demand in the global food and beverage industry. In the coming years, increased demand for dairy products and beer is expected to drive demand for malt ingredients.
The primary factor driving the market’s expansion is the rising consumption of beer and other alcoholic beverages around the world. With the growing popularity of parties and other social gatherings, the number of social drinkers has increased, which acts as a growth factor.
Furthermore, these ingredients are in high demand in the food and beverage industry, where ingredients like barley are widely used in the manufacture of blended flour and bakery products like biscuits and cakes. Furthermore, these ingredients are widely used in the dairy industry for a variety of applications, including milk flavoring. Product innovations such as the introduction of dark malt are also driving market growth, as is rising consumer disposable income.
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Key Takeaways from Market Study
- The malt ingredient market in the United States is expected to grow at an 8.8% CAGR between 2022 and 2032.
- Thousands of tonnes of barley malt are used to make distilled spirits in India, the world’s largest whiskey market. India intends to import one million tonnes of barley to meet rising demand and lower alcohol prices in the country.
- During the forecasted period 2022-2032, the malt ingredient market in Brazil is expected to grow at a CAGR of 7%.
- Australian malt barley is expected to fully compensate for the supply shortfall to domestic breweries caused by low domestic production.
- China is the largest producer of malt extracts and dry malts due to its high production capacity, driving regional demand in the Asia Pacific market.
“Rising global consumption of beer and other alcoholic beverages is a major factor driving the market’s expansion. With the growing popularity of parties and other social gatherings, the number of social drinkers has increased, which acts as a growth factor,” says a Future Market Insights analyst.
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Competitive Landscape
Malt Ingredients Market participants use a variety of strategies, including product launches, mergers and acquisitions, joint ventures, and geographical expansion. The market is relatively small in size, which contributes to its dynamic and competitive nature.
- In February 2020, Leopold Bros, a company based in the United States, partnered with BSG to sell a handmade malt product line in small batches, in an effort to enter the popular hand-crafted beer and craft brewing market.
Key players in this market include GrainCorp, Malteurop, Rahr Corporation, Boortmalt, Groupe Soufflet, Maltproducts, Holland Malt, Maltexco, Barmalt, IREKS, Muntons PLC, Simpsons, Viking Malt, Agraria, Puremalt, Cerex, EDME Ltd., Imperial Malt, Diastatische Producten, and Laihian Mallas.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global malt ingredient market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
By Raw Material :
- Barley
- Wheat
- Rye
- Maize
- Rice
- Oat
By Product Type :
- Malt Extract
- Dry Malt Extract
- Liquid Malt Extract
- Malt Flour
- Other Product Types
By Grade :
- Specialty Malt
- Caramelized Malt
- Roasted Malt
- Standard Malt
By End-Use Industry :
- Food & Beverages Industry
- Food
- Bakery Products
- Confectionaries
- Dairy & Frozen Food
- Pet Food
- Beverages
- Brewing
- Distilling
- Health Drinks
- Other Non-alcoholic Beverages
- Food
- Pharmaceutical Industry
- Personal Care Industry
Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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