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Growth Opportunities in the Gluten Free Malt Extracts Market: Recent Industry Developments and Growth Strategies Adopted by Players
In addition to that, malt is one of the primary ingredient for the production of beer, a drink that has strong demand in all parts of the world, be it alcoholic or non-alcoholic. Urban populations are now willing to pay extra for beer that is produced during malt that was gluten free, and this factor has provided a major thrust to the global gluten free malt extracts.
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The rising obesity levels and the rising preference of consumers for gluten free bakery products to drive the global market in the coming years. Apart from bakery products, malt is one of the essential elements used for brewing beer. Consumers are willing to pay extra for a beer that has made use of gluten free malt, thanks to this the global market is expected to register a substantial growth in the coming years. In addition, the gluten free malt can be used as a sweetening agent, due to which there is no need for sugar addition. This factor is encouraging several buyers to cut down on sugar consumption and maintain a healthy lifestyle. On the flip side, the global gluten free malt extracts market is projected to face several challenges related to trading among different countries, due to different labelling limits of gluten content.
On the basis of application, the global market for gluten free malt extracts can be categorized into cosmetics, beverages, foods, and nutraceuticals. Food and beverages segments are projected to remain in the dominant position in terms of market share throughout the forecast period. Gluten free malt extracts are available in two physical states that are liquid and powder.
The global market for gluten free malt extracts is anticipated to witness a healthy competition throughout the forecast period. With the introduction of new products, the leading players are expected to maintain a dominant position in the market. The prominent players operating in the gluten free malt extracts market across the globe are Senson, Briess Malt & Ingredients, Colorado Malting Company, General Mills, Canyon Bakehouse, and EDME Limited Company.
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From a geographical scenario, the North America market for gluten free malt extracts is anticipated to hold a major share in the next few years. The percentage of patients who are suffering from celiac diseases and gastrointestinal in the U.S. due to gluten allergy is expected to rise, owing to which the demand for gluten free products will rise significantly throughout the forecast period. In addition, the rising awareness of consumers regarding the availability of these products is anticipated to enhance the overall growth of the gluten free malt extracts market across North America. Europe and Asia Pacific markets are projected to witness healthy growth throughout the forecast period.
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