Malt Ingredients Market earned USD 22.4 billion in 2021 and expected to reach USD 33.6 billion in 2029, will Grow at a CAGR of 5.2% | Size & Share Forecast

Malt Ingredients Market registered a revenue of USD 22.4 billion in 2021 and is projected to reach USD 33.6 billion in 2029, growing at a CAGR of 5.2% during the forecast period, owing to the growing adoption of malt ingredients in various industries which include personal care, pharmaceutical, and food and beverage.

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Key Drivers

Growing health awareness among consumers and increasing consumption of beer and other alcoholic beverages are the major factors fueling the malt ingredients market growth. With the growing awareness about the benefits of malt ingredients, the demand for malt ingredients in the food and beverage industry, which is driving the malt ingredients market size. Other factors such as rising disposable income, growing demand for different ready to consume packaged foods will expand the market growth. Furthermore, the growing use of malt ingredients in the dairy industry for several purposes such as flavoring of the milk and ongoing product innovations such as the advent of dark malt will bolster the market growth. The growing use of malt ingredients to prepare both alcoholic and non-alcoholic drinks such as beer, whiskey, malted shakes, and malt vinegar as these ingredients are a rich source of essential macro and micronutrients including vitamins B complex, proteins, zinc, iron, calcium and low-fat content, thus making them a preferred choice as a food and beverage additive. However, the easy availability of alternative ingredients at a cheaper price as compared to the malt ingredients and unstable the raw material costs may hamper the growth of the global malt ingredients market share.

Raw Material Segment Analysis

Barley segment is forecast to witness a promising CAGR over the upcoming years, as it is used in the malting process. The increasing awareness about the benefits of barley such as hypertension, low chances of diabetes, and diarrhea among consumers will expand the market growth. Moreover, the growing use of barley in the beverage industry due to its high starch content, enzyme property, and proteins.

Type Segment Analysis

Based on the type, Malt extract segment will experience a promising growth during the forecast period, due to the growing demand for high nutritional rich food products. In addition, malt extract includes vitamins and enzymes, which increases the shelf life of baked products has bolstered the demand for malt ingredient food products in the food and beverage industry.

End-Use Segment Analysis

Based on the End-Use, Beverage's segment is expected to witness a faster growth over the forecast period, owing to the increasing demand for alcoholic beverages like beer, vodka, whiskey.

Regional Analysis

Based on the region, Europe is expected to lead the global malt ingredients market due to the strong presence of bakery and brewery across nations including Spain, Germany, France, U.K., Italy, and Netherlands. Furthermore, the growing emphasis to produce and process malt ingredients to improve the application base will further fuel the regional growth.

Key Development

In 2019, Vivescia industries subsidiary of Malteurop Groupe S.A. planned to build its first malt production factory in Mexico.
In 2018, Axereal Group planned to acquire Cargill's global malt business, including 15 facilities across four continents.
In 2018, Malteurop Groupe S.A. expanded its malt production capacity from 80 to 200 thousand tons in Australia.

Market Segmentation

Global Malt Ingredients Market by Raw Material                                     

Barley
Wheat
Rye
Maize
Others

Global Malt Ingredients Market by End-Use

Food & Beverages Industry
Food
Bakery Products
Confectionaries
Dairy & Frozen Food
Pet Food
Beverages
Alcoholic
Non-alcoholic
Pharmaceutical Industry
Nutraceuticals
Others

Global Malt Ingredients Market by Product Type

Malt Extract
Dry Malt Extract
Liquid Malt Extract
Malt Flour
Others

Global Malt Ingredients Market by Grade

Specialty Malt
Caramelized Malt
Roasted Malt
Standard Malt

Global Malt Ingredients Market by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UA

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