Demand for Malt Ingredient Market is expected to register growth at a CAGR of 3.9% throughout 2022-2031

According to a new report published by Allied Market Research, titled, "Malt Ingredient Market," The malt ingredient market was valued at $20.4 billion in 2021, and is estimated to reach $29.4 billion by 2031, growing at a CAGR of 3.9% from 2022 to 2031.

Europe was the highest revenue contributor, accounting for $8,604.7 million in 2021, and is estimated to reach $11,087.0 million by 2031, with a CAGR of 2.7%. One of the most common cereal grains, malt, is made from barley, which is first soaked in water before being dried in hot water. This method enables the germination of the barley.

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The players operating in the global malt ingredients market have adopted various developmental strategies to increase their Malt Ingredient Market Share, gain profitability, and remain competitive in the market. The key players included in the Malt Ingredient Market Analysis are - Axereal, Barmalt, Briess Malt & Ingredients, Cargill, Inc.,Crisp Malting, GrainCorp Limited, Groupe Soufflet, Holland Malt, Imperial Malt Limited, Malteurop, Maltexco S.A., Maltproducts, Muntons plc, Puremalt, Rahr Corporation and Simpsons Malt Limited.

Segmentation:

The malt ingredients market is segmented on form, type, application and region. On the basis of form, the market is bifurcated into powder and liquid On the basis of type the market is classified into barley, wheat and rye. On the basis of application, the market is classified into dairy and frozen products, bakery and confectionery, alcoholic beverages, non-alcoholic beverages and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key findings of study

-> On the basis of type, the barley segment had the dominating Malt Ingredient Market Size in the year 2021.
-> On the basis of form, the liquid segment had the dominating Malt Ingredient Market Size in the year 2021.
-> On the basis of application, the alcoholic beverages segment dominated the global market in the year 2021, however, dairy and frozen products is likely to be the fastest-growing segment during the Malt Ingredient Market Forecast period.
-> On the basis of region, North America dominated the global market in the year 2021.

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Grain crops such as wheat, rye, and barley are known to be one of the main sources in any specialty malt. Over the past couple of years, there has been a rise in Malt Ingredient Market Demand in the food and beverages industry. This has resulted in imbalance proportion of supply-demand Malt Ingredient Market Trends due to uncertain climatic conditions incurring in crop growing regions.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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