Malt Extracts and Ingredients - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Malt Extracts and Ingredients market is accounted for $15.93 billion in 2018 and is expected to reach $24.93 billion by 2027 growing at a CAGR of 5.1% during the forecast period. Some of the key factors propelling the market growth include increasing demand for craft beers and natural sweeteners, rising adoption of malt extracts and ingredients in the food & beverage industry, and increase in the consumption of alcohol. However, fluctuating beer market and quality of barley and seasonal variations are restraining the market growth.
Malt is the leftover of cereal grains that are allowed to dry and then germinate. Generally, barley grain is used as malt ingredient which is soaked in water and then allowed to germinate. This process is known as malting. In this process, the starch present in ingredients is converted to sugars such as glucose and fructose. The malt ingredients have large scope in food and beverages industry. Malt ingredients help to enhance the flavor and texture of various foods products. These ingredients are mainly used to prepare different drinks and confectionary such as maltesers and whoppers, beer, whisky, malted shakes, malt vinegar, horlicks, ovaltine, milo, malt loaf, bagels, and rich tea biscuits.
By form, the dry segment is projected to grow at a significant rate during the forecast period. due 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. Dry malt is used for maximum applications. It is available in flour, flakes, and in the powder form. It improves fermentation, increases air retention, and enhances yeast performance.
On the basis of geography, Europe region is anticipated to have considerable growth during the forecast period, due to increasing awareness of people about healthy dietary habits, increase in the consumption of beer and the rise in craft breweries. Moreover, European region is the major product producer and consumer owing to increasing consumer trend towards craft beer consumption. However, since the past few years, an increase in the awareness pertaining to the health benefits of malts and their use in various food and beverage applications has increased. These factors have opened various opportunities for this region in the malt extracts and ingredients market.
Some of the key players in malt extracts and ingredients market include Groupe Soufflet, Maltexco S.A., Barmalt, Graincorp Limited, Holland Malt, Malteurop Group, Ireks Gmbh, Rahr Corporation, Malt Products, Boortmalt, Simpsons Malt, Muntons Plc., Agraria, Cerex, Viking Malt, Diastatische Producten, Laihian Mallas, Puremalt, Edme Limited, Imperial Malts Limited, Complementos Ailmenticios, and Liotecnica.
• Other Sources
• Specialty Malt
• Standard Malt
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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