Malt Extracts Market : Year 2020-2027 and its detail analysis by focusing on top key players like Maltexco S.AMalteurop Group, Ireks Gmbh, Malt Products Corporation, United Malt Group

The Insight Partners analysts forecasts the latest report on “Malt Extracts Market (Covid-19) Impact and Analysis by 2027”, according to report; The Malt Extracts Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Malt Extracts Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Malt Extracts Market.

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The global Malt Extracts market accounted to US$ 12,744.83 million in 2018 and is expected to grow at a CAGR of 5.6% during the forecast period 2019 - 2027, to account to US$ 20,647.78 million by 2027.

Some of the Major Market Players Are:

Maltexco S.AMalteurop Group
• Ireks Gmbh
• Malt Products Corporation
• United Malt Group
• Groupe Soufflet
• Muntons Plc
• Boortmalt N.V.
• Holland Malt
• Rahr Corporation

Market Insights

Increasing Adoption of Malt Extracts in Beverages Industry

Rising consumer demand for healthier foodstuff is a major focus of all segments of the food and beverages sectors worldwide. Food processors and manufacturers worldwide are finding better ways to formulate their current products, along with creating more innovative and newer products, to meet this increasing demand. This has resulted in the propagation of new trends for extracts used in these products. In the milk drink and soft drink segment, there are presently two trends that are inevitable for manufacturers—beverage should contain no added sugar, and it should constitute 100% natural extracts and ingredients. However, it can be hard to source such Ingredients fitting into these two criteria, and as a result, beverage processors and manufacturers have already begun to exploring ways to create beverages in line with these trends. Rather than replacing the sugar component, leading manufacturers have instead ventured into looking for novel natural ingredients entirely, which they can integrate into their products for sweetness and functional benefits. As a natural ingredient or food additive with inherent sweetness, eradicating the need for sugar, malt extracts fits in both the parameters that consumers look for in beverages.

Application Insights

Based on application, the malt extracts market has been segmented into beverages, food, pharmaceuticals, and others. The beverages segment accounted for the largest share of the global malt extracts market in 2018, and it is expected to register the highest CAGR during the forecast period. Malt extract is prepared by brewing the whole grain in the same way beer is prepared but skipping the fermentation step; the extract is obtained in the form of a syrup or liquid or soluble powder upon the evaporation of varying volumes of water. In addition to the elevated interest in plant-based, multifunctional natural ingredients, malt extracts sweeteners provide specific benefits for the various range of beverage-industry items. Nearly a third of consumers worldwide have increased their consumption of nutritional or performance beverages, and many of them are seeking products with ingredients deemed simple, natural, or clean. Malt-based beverages offer unique flavor profiles as well as subtle sweetness; however, unlike cane sugar, high-fructose corn syrups, and artificial sweeteners, the extracts contain an abundance of antioxidants (five times the quantities present in the equal quantity of broccoli) along with essential amino acids, vitamins, minerals, and soluble fibers. Malt-based beverages are popular, along with non-alcoholic beer, among athletes. In the US, often unique flavors are added to malt-based beverages, for extra sweetness and fruity notes to prepare drinks such as as-Dark & light malt beverages, specialty beers; weizen, IPA, stout, etc., pilsner, radlers, ciders, and soft & energy drinks.

Form Insights

Based on form, the malt extracts market has been segmented into powder and liquid. The liquid segment accounted for a larger share of the global malt extracts market in 2018, and the powder segment is expected to register a higher CAGR during 2019–2027. Liquid malt extracts (LME) is concentrated, unfermented brewery wort, and a viscous syrup used mainly in brewing—especially home brewing—as well as in the food industry. LME is a common ingredient in baked goods, confectionery, breakfast cereals, dairy products, malt beverages, and condiments. Liquid malt extract, also known as barley malt syrup, is available as the purest malt extracts syrup. Barley malt syrups are convenient to use and further protected against oxidation. The malt extracts market players offer different products such as pilsner, pale, ultra-light, maris otter, munich, rye, bavarian wheat, porter and stout dark malt extracts, and sorghum syrups. Beer is mainly made with four ingredients, including malt, yeast, hops, and water. Malted barley is mainly mashed, and the resulting fermentable sugars are then extracted and concentrated into malt extracts. Malt extract syrups are less concentrated than dry malt extracts. A 4 pound of syrup or liquid malt extracts is equal to ~3 pound of dry malt extract. However, LME is a simple and convenient malt base for any extract beer recipe with a various range of colors and flavors, consistently high degree of fermentability along with a fresh malt flavor.

Nature Insights

Based on nature, the malt extracts market has been segmented into conventional and organic. The conventional segment accounted for a larger share in the global malt extracts market in 2018, and the organic segment is expected to register a higher CAGR during the forecast period. Both the liquid and powder malt extracts are produced from conventionally grown ingredients, i.e., while growing the crops such as barley, wheat, and sorghum, farmers use chemical fertilizers, pesticides, and other chemical components to increase the yield. The conventional malt extracts are more preferred type than the organic malt extracts due to the comparatively lower prices of conventional ingredients and easy availability in the market. Hence, most of the malt extract market players produce conventional malt extracts for the food & beverages, pharmaceuticals, and other industries.

Strategic Insights

The players present in the global malt extracts market such as Ireks Gmbh, Malteurop Group, and Groupe Soufflet have been implementing these strategies to enlarge their respective customer base and gain significant share in the global market, which also allows them to maintain their brand name globally. For instance, Malteurop extended its Australian malt house in Geelong in 2018 and at the Albacete plant in Spain in 2019. For pursuing its international growth strategy, the company announced the construction of a new plant in Mexico in 2019, which will be commissioned in 2021. In 2019, Groupe Soufflet opened a new roaster in St Petersburg to mark the 20th anniversary of its malting plant. This facility would produce special malts (coloured and caramel) for the Russian market, along with Pilsen malts and wheat malts, and it would gradually increase its production capacity to 5,000 tonnes per year.

MARKET SEGMENTATION

By Form

• Powder
• Liquid

By Application

• Beverages
• Food
• Pharmaceuticals
• Others

By Nature

• Conventional
• Organic

The report analyses factors affecting the Malt Extracts Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Malt Extracts Market in these regions.

Moreover, the report entails the estimate and analysis for the Malt Extracts Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Malt Extracts Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Malt Extracts Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Malt Extracts Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Malt Extracts Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Malt Extracts Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Malt Extracts market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Malt Extracts market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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