The report "Malt Extracts and
Ingredients Market by Product (Extracts and Ingredients),
Source (Soy, Wheat, and Rye), Grade (Standard malt and Specialty malt),
Application (Beverages, Food, and Pharmaceuticals), Form (Dry and Liquid),
Region - Global Forecast to 2025" The global malt
extracts and ingredients market size is projected to reach USD 20.4 billion by
2025, from USD 17.6 billion in 2020, recording a CAGR of 3.0% during the
forecast period. The increasing production of craft beer, along with the
adoption of malt-based food, is projected to drive industry growth during the
forecast period.
Browse in-depth TOC on "Malt Extracts and Ingredients"
118 - Tables
47 - Figures
173 - Pages
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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.
The
barley segment is projected to dominate the malt extracts and ingredients
market, owing to its high adoption for beer production
Barley, as a source of malt extracts and ingredients, dominates
the market, owing to its high preference for beer production. 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 consumers about the
health benefits of barley-based beverages.
The dry
segment is estimated to dominate the malt extracts and ingredients market due
to its increasing consumption by food manufacturers
The dry segment, by form, is projected to dominate the global
malt extracts and ingredients market during the forecast period. Owing to its
high popularity and other properties offered, which include high shelf life and
ease of handling. Dry malt is produced by heating liquid malt and spraying it
from the atomizer in the heated chamber. When the moisture content is removed
from the malt, the remaining crystalline form is called dry malt. The increase
in demand for the dry form is due to its increased use in bakery and
confectionery.
The use
of malt extracts and ingredients in food applications to remain high during the
forecast period
The food application segment is projected to grow at the highest
CAGR during the forecast period, owing to the high preference of malts as a
natural sweetener. They are mainly used in baked goods, bread, cookies, bagels,
rolls, pretzels, pizza crusts, biscuits, crackers, and several snacks. Apart
from bakery, they are also used in the confectionery sector for the preparation
of malted milk balls, chocolates, and candies.
Malt ingredients are also used in the manufacturing of mixes of
several food options, such as waffles, sauces, pancakes, soups, gravies,
muffins and cakes, breakfast cereals, baby food, granola, popcorn, energy bars,
ice cream cones, baked beans, table syrups, toppings, yogurt, frozen foods, and
peanut butter.
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With
the increasing demand for craft beer, Asia Pacific is estimated to dominate the
malt extracts and ingredients market in 2020
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.
This report includes a study of the development strategies
adopted by the leading companies. The scope of this report consists of a
detailed study of malt extract and ingredient manufacturers, such as Groupe
Soufflet (France), Muntons PLC (US), Viking Malt (Finland), Diastatische
Producten (The Netherlands), Laihian Mallas (Finland), Rahr corporations (US),
Graincorp Limited (Australia), Malteurop Group (France), Maltexco (Chile), Malt
products (US), and Holland Malt (Netherlands).
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