Non-Diastatic Malt: Market outlook
In the competitive food and beverage market, manufacturers are intensely focusing on the demand and trends in the market. In the global food and beverage market, consumers are seeking food products containing very less amount of sugar. Increasing health consciousness and rising demand of bakery products among the population is fuelling the demand of non-diastatic malt owing to Non-diastatic malt high soluble fiber content, which helps to reduce the glycemic index and also proving an alternative to other sweeteners in the market. Owing to this property, non-diastatic malt is used in food products for diabetics and increased blood pressure patients. Non-diastatic malt is also gaining the demand in the beverages industry as it is mostly used for the flavoring of the beverages. In the global non-diastatic malt market, North America and Europe hold the major share in production and consumption of non-diastatic malt owing to the presence of major food and bakery market players. With the increasing demand for non-diastatic malt in the market, it can be anticipated that the demand for non-diastatic malt will increase over the forecast period.
Increasing Demand for Non-diastatic malt in Food and Beverages
In the global non-diastatic malt market, the demand is increasing at a robust growth rate in the food and beverage industry and also in the pharmaceutical industry. In the food and beverage industry, the demand of non-diastatic malt is increasing at high growth rate owing to its balanced nutritional content, unique taste and ability to enhance the flavor of the food and beverage products. In the shadow of rapidly flourishing bakery industry, the demand of non-diastatic malt is increasing as a sugar source which has high potential to feed the baker's yeast. In addition, it also enhances the taste, texture and loaf volume of the baked goods. The demand for non-diastatic malt is also increasing in the confectionary and dessert industry. Non-diastatic malt is used for its flavor and functional characteristics, it is used in many chocolates and desserts and is also being used in ice creams. In the food industry, the manufacturers are using non-diastatic malt extract as a substitute for sugars. The nutritional content and sweet taste of non-diastatic malt are also gaining the attention from baby food manufacturers, which are showing their keen interest in utilizing non-diastatic malt in their food products. On the other hand, the demand for non-diastatic malt is increasing in the pharmaceutical industry, owing to its sweet taste. In the pharmaceutical industry, non-diastatic malt is used as an effective vehicle for drugs. It is also used to cover the off taste of some drugs, especially which are administered to babies.
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Global Non-Diastatic Malt: Market Segmentation
On the basis of source, the global non-diastatic malt market has been segmented as-
- Barley
- Wheat
- Rice
On the basis of nature, the global non-diastatic malt market has been segmented as-
- Organic
- Conventional
On the basis of form, the global non-diastatic malt market has been segmented as-
- Syrup
- Flour
- Extract
- Dried syrup
On the basis of the distribution channel, the global non-diastatic malt market has been segmented as-
- Store-Based Retailing
- Grocery Retailers
- Modern Grocery Retailers
- Food Specialist
- Hypermarkets/ Supermarkets
- Convenience Stores
- Independent Small Grocers
- Non-grocery Retailers
- Mixed Retailers
- Grocery Retailers
- Online Retailing
Global Non-Diastatic Malt: Key Players
Major players involved in the global non-diastatic malt market are EDME, Muntons plc, BasicIngrediants, Michigan Egg Exchange LLC, Briess Malt & Ingredients, Malteurop Malting Company, Crisp Malting, Lesaffre Yeast Corporation, Barry Farm Foods, and others.
Opportunities for Market Participants
The non-diastatic malt has a wide range of applications in food and pharmaceutical industry such as in bakery, snacks, confectionaries, processed food products, beverages, and others. These flourishing industries are fueling the demand for non-diastatic malt in the food products. Flavor inspiration and rising demand for natural food ingredients are also fuelling the demand for non-diastatic malt among the food manufacturers. With the increasing demand for non-diastatic malt in various sectors, it can be anticipated that there would be higher returns to investors in the coming future.
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Global Non-Diastatic Malt Market: Regional Outlook
In the global Non-diastatic malt market, North America and Europe hold the major share in the production and consumption of non-diastatic malt owing to the high consumption of processed food and bakery products. The Asia Pacific is the fastest growing market for non-diastatic malt, owing to the fast establishment of food and pharmaceutical industries and changing lifestyle pattern. With the increasing awareness and rapid procurement of food industries in the Middle East and Latin America, it is expected that the demand for non-diastatic malt will increase in these regions over the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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